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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. …
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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 …
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U.S. CPS gross flows data indicate that in recessions firms actually increase their hiring rates from the pools of the unemployed and out of the labor force. Why so? The paper provides an explanation by studying the optimal recruiting behavior of the representative firm. This behavior is a...
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