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Uncovering the Mechanism(s): Financial Constraints and Wages

Arabzadeh, Hamzeh; Balleer, Almut; Gehrke, Britta - 2020

How do wages respond to financial recessions? Based on a dynamic macroeconomic model with frictions in the labor and … and explore their effect on wages. First, the financial labor wedge reduces wages. Second, financial constraints may … interact with aggregate labor market conditions in various ways putting upward or downward pressure on wages. We test partial …

Persistent link: https://www.econbiz.de/10012497880

Flight of the H-1B: Inter-Firm Mobility and Return Migration Patterns for Skilled Guest Workers

Depew, Briggs; Norlander, Peter; Sorensen, Todd - 2013

Critics of the H-1B program for high-skilled workers argue that the program restricts immigrant job mobility and lacks a vehicle for adjusting the number of visas during a recession. We study the job mobility of highly-skilled Indian IT guest workers and provide new evidence on their inter-firm...

Persistent link: https://www.econbiz.de/10010319429

Does Short-Time Work Save Jobs? A Business Cycle Analysis

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013

In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important distinction to be made: While the rule-based component...

Persistent link: https://www.econbiz.de/10010319488

Wage Cyclicality and Labour Market Institutions

Pereira, João; Ramos, Raul; Martins, Pedro S. - 2024

Do labour institutions influence how wages respond to the business cycle? Such responsiveness can then shape several …

Persistent link: https://www.econbiz.de/10014533933

Deaths Rise in Good Economic Times: Evidence From the OECD

Gerdtham, Ulf-G.; Ruhm, Christopher J. - 2003

This study uses aggregate data for 23 OECD countries over the 1960-1997 period to examine the relationship between macroeconomic conditions and fatalities. The main finding is that total mortality and deaths from several common causes increase when labor markets strengthen. For instance,...

Persistent link: https://www.econbiz.de/10010262242

Individuals' Unemployment Durations over the Business Cycle

Kalwij, Adriaan S. - 2001

Using a large panel of administrative records this study confirms the predictions of the ranking model of Blanchard and Diamond (1994) that an individual?s probability of leaving unemployment decreases with unemployment duration and increases with economic growth. However, the ranking model of...

Persistent link: https://www.econbiz.de/10010262575

Individuals' Unemployment Experiences: Heterogeneity and Business Cycle Effects

Kalwij, Adriaan S. - 2001

This study examines individuals? unemployment experiences from the age of 18 up to the age of 35 using a large panel of administrative records on unemployment related benefit claims of men in the United Kingdom over the past two decades. The main focus is on the extent to which individuals?...

Persistent link: https://www.econbiz.de/10010262576

Macroeconomic Policy Lessons of Labor Market Frictions

Yashiv, Eran - 2002

The paper explores the consequences of macroeconomic policy for labor market outcomes in the presence of frictions. It shows how policy may be useful in overriding frictions, as well as how it might generate adverse outcomes. The analysis looks at the main tools of macroeconomic policy and...

Persistent link: https://www.econbiz.de/10010262801

The European Phillips curve: does the NAIRU exist?

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2003

This paper has two aims. First, it provides simple theoretical models that highlight two channels whereby monetary shocks have permanent real effects and the interactions between these channels. Second, it presents an empirical dynamic model, covering a panel of EU countries, and derives the...

Persistent link: https://www.econbiz.de/10010265404

Evaluating the performance of the search and matching model

Yashiv, Eran - 2006

Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool of macroeconomic analysis, recent literature pointed to some significant failures in accounting for the data. This paper aims to answer two questions: (i) Does the model fit the...

Persistent link: https://www.econbiz.de/10010267305