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Persistent link: https://www.econbiz.de/10004141282
Explores the possibility of predicting informal sector employment and wages when information is available only for the …
Persistent link: https://www.econbiz.de/10010966804
capitalism arise because of large external shocks. The combination of these shocks and the slow adjustments of wages and prices …
Persistent link: https://www.econbiz.de/10010862630
hypothesis. In addition, we examine to what extent workers with more years of schooling earn higher wages than their less … surplus schooling earn somewhat lower wages at this job level. For the other job complexity levels we find no evidence for …
Persistent link: https://www.econbiz.de/10005150516
This chapter assesses how models with search frictions have shaped our understanding of aggregate labor market outcomes in two contexts: business cycle fluctuations and long-run (trend) changes. We first consolidate data on aggregate labor market outcomes for a large set of OECD countries. We...
Persistent link: https://www.econbiz.de/10009642954
in the growth rate of real wages over time. We employ a novel decomposition technique that allows us to divide the time … procyclicality is largely offset by the change in the composition of the workforce, leading aggregate real wages to be almost …
Persistent link: https://www.econbiz.de/10009367437
We sketch a framework for monitoring macroeconomic activity in real-time and push it in new directions. In particular, we focus not only on real activity, which has received most attention to date, but also on inflation and its interaction with real activity. As for the recent recession, we find...
Persistent link: https://www.econbiz.de/10008493139
capitalism arise because of large external shocks. The combination of these shocks and the slow adjustments of wages and prices …
Persistent link: https://www.econbiz.de/10010681711
hypothesis. In addition, we examine to what extent workers with more years of schooling earn higher wages than their less … surplus schooling earn somewhat lower wages at this job level. For the other job complexity levels we find no evidence for …
Persistent link: https://www.econbiz.de/10010782442