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Bonus Question : Does Flexible Incentive Pay Dampen Unemployment Dynamics?
Gaur, Meghana; Grigsby, John R.; Hazell, Jonathon; … - National Bureau of Economic Research - 2023
-order equivalent in an economy with flexible incentive pay and without bargaining, vis-á-vis an economy with rigid wages. Second, wage … procyclical wages, matches unemployment dynamics in our incentive pay model calibrated to strongly procyclical wages …
Persistent link: https://www.econbiz.de/10014372479
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Dynamic Aspects of Earnings Mobility
Lillard, Lee A. - 1976
This paper proposes an econometric methodology to deal with life cycle earnings and mobility among discrete earnings classes. First, we use panel data on male log earnings to estimate an earnings function with permanent and serially correlated transitory components due to both measured and...
Persistent link: https://www.econbiz.de/10012478979