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Some evidence on the importance of sticky wages
Barattieri, Alessandro; Basu, Susanto; Gottschalk, Peter - 2010
peak at 12 months. 5) The probability of a wage change is positively correlated with the unemployment rate and with the … consumer price inflation rate. …
Persistent link: https://www.econbiz.de/10010269928
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Some Evidence on the Importance of Sticky Wages
Barattieri, Alessandro; Basu, Susanto; Gottschalk, Peter - 2010
peak at 12 months. (5) The probability of a wage change is positively correlated with the unemployment rate and with the … consumer price inflation rate. …
Persistent link: https://www.econbiz.de/10010280950
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Why Does Unemployment Hurt the Employed? Evidence from the Life Satisfaction Gap between the Public and the Private Sector
Luechinger, Simon; Meier, Stephan; Stutzer, Alois - 2008
High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … individual panel data for Germany and repeated cross-sectional data for the United States and the European Union show that the … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private …
Persistent link: https://www.econbiz.de/10011390631
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Why does unemployment hurt the employed? Evidence from the life satisfaction gap between the public and private sectors
Luechinger, Simon; Meier, Stephan; Stutzer, Alois - 2008
High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … individual panel data for Germany and repeated cross-sectional data for the United States and the European Union show that the … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private …
Persistent link: https://www.econbiz.de/10010282761
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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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Downward Nominal Rigidity in US Wage Data from the PSID - An Application of the Kernel-Location Approach
Knoppik, Christoph - Wirtschaftswissenschaftliche Fakultät, Universität … - 2004
Earlier studies of US wage data from the PSID with a variety of methods have led to mixed results with respect to the existence and extent of downward nominal wage rigidity. Here the kernellocation approach to the analysis of downward nominal wage rigidity in micro data is applied to that data...
Persistent link: https://www.econbiz.de/10005063032
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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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Why does unemployment hurt the employed? Evidence from the life satisfaction gap between the public and the private sector
Luechinger, Simon; Meier, Stephan; Stutzer, Alois - 2008
High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … individual panel data for Germany and repeated cross-sectional data for the United States and the European Union show that the … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private …
Persistent link: https://www.econbiz.de/10010268746
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What can a New Keynesian labor matching model match?
Reicher, Christopher Phillip - 2009
1980s. Based on the timing of observed fluctuations in interest rates, inflation, and productivity, it appears that the …
Persistent link: https://www.econbiz.de/10010265220
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The US inflation-unemployment tradeoff: methodological issues and further evidence
Karanassou, Marika; Sala, Héctor - 2009
chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation-unemployment …
Persistent link: https://www.econbiz.de/10010276468