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Wages and Informality in Developing Countries

Meghir, Costas - 2012

It is often argued that informal labor markets in developing countries promote growth by reducing the impact of regulation. On the other hand informality may reduce the amount of social protection offered to workers. We extend the wage-posting framework of Burdett and Mortensen (1998) to allow...

Persistent link: https://www.econbiz.de/10013101278

Unemployment Fluctuations, Match Quality, and the Wage Cyclicality of New Hires

Gertler, Mark - 2016

Macroeconomic models often incorporate some form of wage stickiness to help account for employment fluctuations. However, a recent literature calls in to question this approach, citing evidence of new hire wage cyclicality from panel data studies as evidence for contractual wage flexibility for...

Persistent link: https://www.econbiz.de/10012989117

Bounding the Labor Supply Responses to a Randomized Welfare Experiment : A Revealed Preference Approach

Kline, Patrick - 2015

We study the short-term impact of Connecticut's Jobs First welfare reform experiment on women's labor supply and welfare participation decisions. A non-parametric optimizing model is shown to restrict the set of counterfactual choices compatible with each woman's actual choice. These revealed...

Persistent link: https://www.econbiz.de/10013030613

Understanding Joint Retirement

Michaud, Pierre-Carl - 2018

Evidence from different sources shows that spouses' retirement decisions are correlated. Retirement policies affecting individuals in couples are therefore also likely to affect behavior of their spouses. It is therefore important to account for joint features in modeling retirement. This paper...

Persistent link: https://www.econbiz.de/10012911104

Work Incentives in the Social Security Disability Benefit Formula

Goda, Gopi Shah - 2015

We examine the connection between taxes paid and benefits accrued under the Social Security Disability Insurance (SSDI) program on both the intensive and extensive margins. We perform these calculations for stylized workers given the existing benefit structure and disability hazard rates. On the...

Persistent link: https://www.econbiz.de/10013011940

Job Vacancy Rates in the Firm : an Empirical Analysis

Holzer, Harry J. - 2021

In this paper I present some evidence on the magnitudes and determinants of job vacancy rates at the firm level. The data are from a survey of firms in 1980 and 1982, as well as from 1980 Census data on industry and local area characteristics. The results show that overall job vacancy rates are...

Persistent link: https://www.econbiz.de/10013246665

Persistent Liquidity Effects and Long Run Money Demand

Alvarez, Fernando - 2011

impact, and its persistence, depend on the ratio of two parameters: the long-run interest rate elasticity of money demand and … the intertemporal substitution elasticity. At the same time, the model has completely classical long-run predictions …

Persistent link: https://www.econbiz.de/10013118840

Reconciling Micro and Macro Labor Supply Elasticities : A Structural Perspective

Keane, Michael P. - 2011

labor supply elasticities were small, recent work has identified three key reasons that the aggregate elasticity may be … estimates for aggregate labor supply. Third, structural estimation of responses along the extensive (i.e., employment) margin …

Persistent link: https://www.econbiz.de/10013120287

International Trade and Labor-Demand Elasticities

Slaughter, Matthew J. - 2021

In this paper I try to determine whether international trade has been increasing the own-price elasticity of demand for … elasticity patterns. Thus the time series of labor-demand elasticities are explained largely by a residual, time itself. This …

Persistent link: https://www.econbiz.de/10013247644

Some Unpleasant Markup Arithmetic : Production Function Elasticities and Their Estimation from Production Data

Bond, Stephen; Hashemi, Arshia; Kaplan, Gregory B.; … - 2022

The ratio estimator of a firm's markup is the ratio of the output elasticity of a variable input to that input's cost … share in revenue. This note raises issues that concern identification and estimation of markups using the ratio estimator …. Concerning identification: (i) if the revenue elasticity is used in place of the output elasticity, then the estimand underlying …

Persistent link: https://www.econbiz.de/10013324230