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The cyclicality of real wages within employer-employee matches

Devereux, Paul J. - 2001

Using data from the Panel Study of Income Dynamics, the author examines the cyclicality of wages within employer …-employee matches for the years 1970-91. Recent research on wage cyclicality has suggested that wages are very procyclical (tending to …-based pay will increase the procyclicality of wages within matches. …

Persistent link: https://www.econbiz.de/10009475675

Real wage cyclicality of job stayers, within-company job movers, and between-company job movers

Devereux, Paul J.; Hart, Robert A. - 2006

movers, and between-company job movers. Wages of internal movers, they find, were slightly more procyclical, and wages of … external movers considerably more procyclical, than those of stayers. The greater cyclicality of movers' wages is particularly … comprised about 90% of all observations in this large sample of British workers, the procyclicality of their wages was the …

Persistent link: https://www.econbiz.de/10009475676

Terms of trade movements and the global economic crisis: Implications for the Asia-Pacific region

Bloch, Harry; Sapsford, D. - 2009

Dramatic changes in the relative prices of goods in international trade have accompanied, and indeed preceded, the global crisis. These changes are reflected in the terms of trade ofindividual countries and in the relative prices of goods within those countries. Asia-Pacific countries are...

Persistent link: https://www.econbiz.de/10009434781

Terms of trade movements and the global economic crisis: Implications for the Asia-Pacific region

Bloch, Harry; Sapsford, D. - 2009

Dramatic changes in the relative prices of goods in international trade have accompanied, and indeed preceded, the global crisis. These changes are reflected in the terms of trade of individual countries and in the relative prices of goods within those countries. Asia-Pacific countries are...

Persistent link: https://www.econbiz.de/10009434784

Trend and Cycles in Coal and Oil Prices in the Long Run: A Schumpeterian Approach

Bloch, Harry; Sapsford, D. - 2011

We contribute to the task of identifying trends and cycles in energy prices by examining very long series of prices for coal and oil, going back to 1650 in the case of coal and 1859 in the case of oil. We find annual rates of increase in real price of greater than two percent are found for coal...

Persistent link: https://www.econbiz.de/10009435028

The Welfare Cost of Business Cycles Revisited: Finite Lives and Cyclical Variation in Idiosyncratic Risk

Storesletten, Kjetil; Telmer, Chris I; Yaron, Amir - 2000

This paper investigates the welfare costs of business cycles in a heterogeneous agent, overlapping generations economy which is distinguished by idiosyncratic labor market risk. Aggregate variation arises both in terms of aggregate productivity shocks and countercyclical variation in the...

Persistent link: https://www.econbiz.de/10009441157

A reappraisal of the inflation-unemployment-productivity nexus: SKOPE Research Paper No. 38, Spring 2003

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2003

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth", describing the interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to staggered wage contracts with time discounting), the...

Persistent link: https://www.econbiz.de/10009441372

The properties of cycles in South African financial variables and their relation to the business cycle

Boshoff, Willem Hendrik - 2006

The goal of this thesis is twofold: it aims, firstly, at a description of cycles in SouthAfrican financial variables and, secondly, at the evaluation of the relationshipbetween cycles in financial variables and the South African business cycle. The studyis based on the original business cycle...

Persistent link: https://www.econbiz.de/10009442149

Dynamic Asymmetries in the Australian Labour Market

Bodman, Philip M. - 2002

wages exhibit neither forms of asymmetry. The evidence suggests that unemployment (employment) rises (falls) rapidly in …

Persistent link: https://www.econbiz.de/10009448021

Corporate decision-making during recession : product franchisors in the Australian agricultural machinery industry, 1967-72

Wadley,David - 1974

This study analyses the impact of scale, establishment mobility and policy substitution in the corporation's geographical behaviour. To maximise opportunities for observing change, the effects of recession on firms using a particular marketing system --product franchising are examined. It is...

Persistent link: https://www.econbiz.de/10009448104

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