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Sticky wages in search and matching models in the short and long run
Reicher, Christopher Phillip - 2011
labor input, but it predicts a strong counterfactually negative long run relationship between inflation and unemployment … negative long run relationship between trend inflation and unemployment provides indirect evidence against the proposed …. This finding is robust to including a microeconomically realistic degree of indexation of wages to inflation. The lack of a …
Persistent link: https://www.econbiz.de/10010277345
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Labour market adjustment in Europe during the crisis: Microeconomic evidence from the Wage Dynamics Network survey
Izquierdo, Mario; Jimeno, Juan Francisco; Kosma, Theodora; … - 2017
Against the backdrop of continuing adjustment in EU labour markets in response to the Great Recession and the sovereign debt crisis, the European System of Central Banks (ESCB) conducted the third wave of the Wage Dynamics Network (WDN) survey in 2014-15 as a follow-up to the two previous WDN...
Persistent link: https://www.econbiz.de/10011804695
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The macroeconomics of the labor market: Three fundamental views
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2007
We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …
Persistent link: https://www.econbiz.de/10010276418
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The macroeconomics of the labor market: Three fundamental views
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2006
We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …
Persistent link: https://www.econbiz.de/10010276421
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The macroeconomics of the labor market: three fundamental views
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2007
that all the shortrun fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …
Persistent link: https://www.econbiz.de/10010281021
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Exchange rates and wages
Goldberg, Linda; Tracy, Joseph - 2001
Understanding the effects of exchange rate fluctuations across the population is important for increasingly globalized economies. Previous studies using industry aggregate data have found that industry wages are significantly more responsive than industry employment to exchange rate changes. We...
Persistent link: https://www.econbiz.de/10010283354
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Sources of German unemployment: evidence from a structural VAR model
Linzert, Tobias - 2001
This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step …, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run … display that price, demand, and labor supply shocks affect unemployment significantly in the short/medium run. Interestingly …
Persistent link: https://www.econbiz.de/10010297779
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The high sensitivity of employment to agency costs: The relevance of wage rigidity
Hristov, Atanas - 2010
This paper studies the interaction of financing constraints and labor market imperfections on the labor market and economic activity. My analysis builds on the agency cost framework of Carlstrom and Fuerst [1998. Agency costs and business cycles. Economic Theory, 12(3):583-597]. The aim of this...
Persistent link: https://www.econbiz.de/10010281475
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Flexibilität der qualifikatorischen Lohnstruktur und Lastverteilung der Arbeitslosigkeit: Eine ökonometrische Analyse für Westdeutschland
Fitzenberger, Bernd; Franz, Wolfgang - 1997
, dass mit einer größeren Lohnspreizung die Lastverteilung der Arbeitslosigkeit bei gegebenem Output, Kapitaleinsatz und …
Persistent link: https://www.econbiz.de/10010297568
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Disaggregate Matching Functions
Fahr, René; Sunde, Uwe - 2001
This paper deals with empirical matching functions. The paper is innovative in several ways. First, unlike in most of the existing literature, matching functions are estimated not only on aggregate, but also on disaggregate levels which is unusual due to the scarcity of appropriate data....
Persistent link: https://www.econbiz.de/10010262541