period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence …We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every … cost determination. This set-up produces realistic labor market statistics together with inflation persistence …

According to Becker's (1957) theory of taste-based employer discrimination, pure economic rents are necessary for … discrimination to be observed in the labor market. Increased competition and reduced rents in the market for final goods should … therefore lead to reduced labor market discrimination. We look at the natural experiment represented by the Brazilian trade …

The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …

We investigate the extent and underlying mechanisms of how race beliefs associated with applicants' names affect hiring … lower levels of education, productivity and noncognitive skills. Notably, this race penalty persists when considering only … variation in race perception for the same name and when omitting distinctly Black names. Conducting an incentivized hiring …

-based discrimination, we also sent out résumés of 'Adopters' with a Chinese last name but White first name. The benefit of having an … discrimination, we collected two data sets with administrative population statistics. The administrative information shows that … statistical discrimination. In addition, the pool of Chinese applicants is a mixture of international and domestic applicants with …

We study whether racial or gender discrimination in marking exists at universities by conducting an experiment at a … graders to mark these exams. We find that the most economically-significant evidence of discrimination is found at grade … White name. Discrimination at grade thresholds is found to be more consistent with taste-based discrimination, whereas …

high-skill workers.In this paper we show that a model of employer taste-based discrimination in a labor market … workers. We use the model to undertake a structural decomposition and conclude that discrimination resulting from employer …

money growth leads to higher inflation and higher unemployment, so the long-run Phillips curve is not vertical. The optimal … monetary growth rate decreases with the workers' bargaining power, the level of unemployment benefits and the payroll tax rate …

skilled workers being more complementary to capital than substitutable unskilled workers are (CSC channel). Strict inflation … introduce a trade-off between stabilizing inflation and aggregate demand …