Showing 1 - 10 of 7,067
This paper investigates an economy in which there are short-term wage contracts that are re-negotiated under certain conditions. This paper determines the optimal frequency of wage re-negotiation and shows that it depends positively on measures of aggregate variability and Phillips curve slope....
Persistent link: https://www.econbiz.de/10013221119
This paper, which follows in an LSE tradition begun by Phillips and Sargan, examines the role of unemployment in shaping pay. In contrast to most of the literature, it 1) uses microeconometric data on individuals and workplaces 2) examines a variety of data sets as a check on the robustness of...
Persistent link: https://www.econbiz.de/10013240636
This paper examines whether the sector bias of skill-biased technical change (sbtc) explains changing skill premia within countries in recent decades. First, using a two-factor, two-sector, two-country model we demonstrate that in many cases it is the sector bias of sbtc that determines sbtc's...
Persistent link: https://www.econbiz.de/10013311868
-defined negative causal relationship from wages to employment with the features of a conventional labor demand function. Using …
Persistent link: https://www.econbiz.de/10012760182
manufacturing jobs have shrunk in number. In this paper, we characterize the wages that have accompanied the growth in retail. We …
Persistent link: https://www.econbiz.de/10013050292
This paper examines the consumption response to monthly paycheck receipt. Since the amount and arrival date of paychecks are known in advance, the receipt of a paycheck does not coincide with the receipt of new information. Under the basic rational expectations Life-Cycle/Permanent Income...
Persistent link: https://www.econbiz.de/10013218300
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/10013218427
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 … greater flexibility in wages, these two countries also exhibit more stable employment behavior over the business cycle. In …
Persistent link: https://www.econbiz.de/10013239186
This paper examines the effect of earnings taxes on the variability of wages over time. We estimate a "hedonic wage … and temporal variation of hourly wages. On the basis of these utility function parameters, we predict that lowering the …
Persistent link: https://www.econbiz.de/10013252345
declining membership numbers, unions are able to raise wages substantially over the equivalent non-union wage. Unions in other …, are also able to raise wages by significant amounts. In countries where union wage settlements frequently spill over into …
Persistent link: https://www.econbiz.de/10013243921