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This article studies the responses of real wages and labour market flows of immigrants in Spain for the period between ….85% drop in real wages for natives and immigrants, respectively. However, these differences only occur among low-tenure workers …
Persistent link: https://www.econbiz.de/10013252566
Do labour institutions influence how wages respond to the business cycle? Such responsiveness can then shape several …
Persistent link: https://www.econbiz.de/10014486321
This paper uses individual data on employment and wages to shed light on the UK's productivity puzzle. It finds that … workforce composition cannot explain the reduction in wages and hence productivity that we observe; instead, real wages have … lower capital-labour ratio. We cannot tell whether productivity is driving wages or vice versa, but understanding why wages …
Persistent link: https://www.econbiz.de/10009752196
on initial labour market outcomes including status, wages and employment stability, which persist over the subsequent ten …
Persistent link: https://www.econbiz.de/10009778459
I propose a new mechanism for sluggish wages based on workers' noisy information about the state of the economy. Wages … higher wages. This increases firms' incentives to post more vacancies, which makes unemployment volatile and sensitive to … aggregate shocks. The model is robust to two major criticisms of existing theories of sluggish wages and volatile unemployment …
Persistent link: https://www.econbiz.de/10011709249
Using Difference-in-Differences estimation and data from the European Community Household Panel, this paper suggests …
Persistent link: https://www.econbiz.de/10010457884
with lower hourly wages suffered substantial losses, while the low-wage sector expanded. Around 2010, these trends came to … behind. At the very least, this new pattern means that the gap between high and low wages is not getting wider. This … development is kind of surprising, as the labor market is shifting to higher-skilled jobs. Workers with higher hourly wages are …
Persistent link: https://www.econbiz.de/10011650032
unpaid overtime. Their effective wages show a strongly procyclical reaction to changes in unemployment. Despite acyclical …
Persistent link: https://www.econbiz.de/10013129932
cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical … wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …
Persistent link: https://www.econbiz.de/10012626934
cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical … wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …
Persistent link: https://www.econbiz.de/10012619265