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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/10011269486
that the wages of internal movers are slightly more procyclical and wages of external movers considerably more procyclical … the procyclicality of wages for job stayers, with across- and within-firm mobility playing a lesser role. Thus, there is … little evidence for rigid wage models that imply that employers use changes in job titles as a means of adjusting wages to …
Persistent link: https://www.econbiz.de/10011269499
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/10011269535
Persistent link: https://www.econbiz.de/10005292697
A modification of existing sticky-wage models to account for the observed cyclical behavior of real wages by means of a …
Persistent link: https://www.econbiz.de/10005360719
We incorporate nominal wage contracts and government into a quantitative general equilibrium framework. Thus, our model includes three types of shocks: a fiscal shock, a monetary shock, and a technology shock. We show that it is possible in this type of environment to generate a low correlation...
Persistent link: https://www.econbiz.de/10005372795
This paper uses micro data to examine differences in the cyclical variability of employment, hours, and wages for … workers are subject to essentially the same degree of cyclical variation in wages. That is, relative offer wage differentials …
Persistent link: https://www.econbiz.de/10005372850
In this paper we investigate the cyclicality of real wages. The approach we take is to search for the largest possible … that the comovement of real wages can be related to a common factor that exhibits a significant but far from perfect … in the sample and (iii) roughly half of the wages move procyclically while half move countercyclically. These facts are …
Persistent link: https://www.econbiz.de/10009320383
In this paper we investigate the cyclicality of real wages. The approach we take is to search for the largest possible … that the comovement of real wages can be related to a common factor that exhibits a significant but far from perfect … in the sample and (iii) roughly half of the wages move procyclically while half move countercyclically. These facts are …
Persistent link: https://www.econbiz.de/10009322925
Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010724980