Showing 1 - 10 of 159
literature for over thirty years. The wages and employment o typographers are examined to see whether they can be usefully … characterized as the outcome of a process by which the union maximizes an objective function containing wages and employment and is … wages and employment of these workers compared with our more general formulation …
Persistent link: https://www.econbiz.de/10012478563
-defined negative causal relationship from wages to employment with the features of a conventional labor demand function. Using …Two propositions figure prominently in explanations for Britain's comparatively low growth in employment: first, the … wage-setting mechanism is insufficiently responsive to the growth of unemployment and, second, there exists a well …
Persistent link: https://www.econbiz.de/10012476018
greater flexibility in wages, these two countries also exhibit more stable employment behavior over the business cycle. In …This paper argues that rigid wages cannot provide the underpinnings of a universally valid theory of the business cycle …, simply because wages are not universally rigid. Several different statistical techniques suggest that wage rates in the U …
Persistent link: https://www.econbiz.de/10012478304
Following Phillip's original work on the UK, applied research on unemployment and wages has been dominated by the … rate of unemployment. This 'wage curve' is found to have an elasticity of approximately -0.1. Contrary to the Phillips … Curve, no autoregression is found in wages. The paper casts doubt on standard ideas in macroeconomics, regional economics …
Persistent link: https://www.econbiz.de/10012474149
This paper, which follows in an LSE tradition begun by Phillips and Sargan, examines the role of unemployment in … a variety of data sets as a check on the robustness of results, and 3) studies the effects of unemployment on the real … curve. The curve has a negative gradient at low levels of unemployment, but becomes horizontal at relatively high levels of …
Persistent link: https://www.econbiz.de/10012475860
substantial in all countries, robust to controlling for a large set of sociodemographic, employment, psychological, and behavioral …
Persistent link: https://www.econbiz.de/10012481554
micro panel data drawn from administrative records; it fully exploits the longitudinal dimension of the underlying datasets …
Persistent link: https://www.econbiz.de/10013388880
, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job … quantitatively rationalizes why differences in job-separation rates have primary importance in inducing differences in unemployment … across space while changes in the job-finding rate are the main driver in unemployment fluctuations over the business cycle …
Persistent link: https://www.econbiz.de/10012660077
This paper examines gender differences in labor market outcomes for hard-to-employ youth in the US and West Germany … absolute terms, correcting for purchasing power. The relatively high employment rates of less educated German youth combined … with their relatively high wages raise the question of how they are successfully absorbed into the labor market. We present …
Persistent link: https://www.econbiz.de/10012472736
Persistent link: https://www.econbiz.de/10011486794