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Inequality and Employment Sensitivities to theFalling Labour Share

Karanassou, Marika; Sala, Hector - Institut zur Zukunft der Arbeit <Bonn> - 2011

This paper aims at identifying the labour share (wage-productivity gap) as a major factor inthe evolution of inequality and employment. To this end, we use annual data for the US, UKand Sweden over the past forty years and estimate country-specific systems of labourdemand and Gini coefficient...

Persistent link: https://www.econbiz.de/10009353906

Dismissals for Cause:The Difference That Just Eight Paragraphs Can Make

Martins, Pedro S. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

This paper provides evidence about the effects of dismissals-for-cause requirements, aspecific component of employment protection legislation that has received little attentiondespite its potential relevance. We study a quasi-natural experiment generated by a lawintroduced in Portugal in 1989:...

Persistent link: https://www.econbiz.de/10005861536

Simultaneous Search and Network Efficiency

Gautier, Pieter A.; Holzner, Christian - Institut zur Zukunft der Arbeit <Bonn> - 2011

When workers send applications to vacancies they create a network. Frictions arise becauseworkers typically do not know where other workers apply to and firms do not know whichcandidates other firms consider. The first coordination friction affects network formation, whilethe second coordination...

Persistent link: https://www.econbiz.de/10009347589

Interactions between Private and Public Sector Wages

Afonso, António; Gomes, Pedro - Institut zur Zukunft der Arbeit <Bonn> - 2010

We examine the interactions between public and private sector wages per employee inOECD countries. The growth of public … sector wages and of public sector employmentpositively affects the growth of private sector wages. Moreover, total factor … wages. We then set up a dynamic labourmarket equilibrium model with two sectors, search and matching frictions and …

Persistent link: https://www.econbiz.de/10009360569

Real Wages and the Business Cycle:Accounting for Worker and Firm Heterogeneity

Carneiro, Anabela; Guimarães, Paulo; Portugal, Pedro - Institut zur Zukunft der Arbeit <Bonn> - 2009

heterogeneity in wages responses to aggregate labor marketconditions for newly hired workers and existing workers. Accounting for … both worker and firmheterogeneity, the data support the hypothesis that entry wages are much more procyclicalthan current … wages. A one-point increase in the unemployment rate decreases wages ofnewly hired male workers by around 2.8% and by just 1 …

Persistent link: https://www.econbiz.de/10009360639

Do Factor Shares Reflect Technology?

Bental, Benjamin; Demougin, Dominique - 2005

This note demonstrates that it is easily possible to compute technological parameters out of national income accounting data in the presence of bargaining in the labor market. Applying the method to US data, we obtain that the output elasticity with respect to capital exceed 0.5.

Persistent link: https://www.econbiz.de/10005858016

International Migration, Ethnicity and Economic Inequality

Kahanec, Martin; Zimmermann, Klaus F. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008

While the allocative efficiency of mobility is typically considered to be positive but small in the long run, the induced changes in equality may be considerable in size. In practice, however, migrants typically improve their income position in comparison to those at home, stimulate the economic...

Persistent link: https://www.econbiz.de/10005860064

Real Origins of the Great Depression: Monopolistic Competition, Union Power, and the American Business Cycle in the 1920s

Ebell, Monique; Ritschl, Albrecht - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2007

political pressure on firms to adopt the welfare capitalism model of high wages, made the economy increasingly susceptible to …

Persistent link: https://www.econbiz.de/10005861193

Discussion of "The Source of Historical Economic Fluctuations : An Analysis using Long- Run Restrictions" by Neville Francis and Valerie A. Ramey

Uhlig, Harald - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2006

This paper discusses the paper "The Source of Historical Economic Fluctuations: An Analysis using Long-Run Restrictions" by Neville Francis and Valerie A. Ramey. It argues that these authors have made great progress both in the precise measurement of labor input as well as determining the effect...

Persistent link: https://www.econbiz.de/10005861317

Regional Unemployment and Human Capital inTransition Economies

Jurajda, Stěpán; Terrell, Katherine D. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Differences in regional unemployment in post-communist economies are large andpersistent. We show that inherited variation in human-capital endowment across the regionsof four such economies explains the bulk of regional unemployment variation there and weexplore potential explanations for this...

Persistent link: https://www.econbiz.de/10005861375