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Robots or workers? : a macro analysis of automation and labor markets

Leduc, Sylvain; Liu, Zheng - 2019

Persistent link: https://www.econbiz.de/10012059788

Uncovering the mechanism(s): financial constraints and wages

Arabzadeh, Hamzeh; Balleer, Almut; Gehrke, Britta - 2020

How do wages respond to financial recessions? Based on a dynamic macroeconomic model with frictions in the labor and … and explore their effect on wages. First, the financial labor wedge reduces wages. Second, financial constraints may … interact with aggregate labor market conditions in various ways putting upward or downward pressure on wages. We test partial …

Persistent link: https://www.econbiz.de/10012389827

Countercyclical recruiting rates and the value of jobs

Yashiv, Eran - 2015

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...

Persistent link: https://www.econbiz.de/10011346601

Good job, bad job, no job? : ethnicity and employment quality for men in the UK

Clark, Kenneth; Ochmann, Nico - 2022

Ethnic minority men find it harder to obtain good jobs in the UK labour market than White British men. Over time, while the very high unemployment rates experienced by some non-white ethnic groups have significantly declined and their share of good jobs has grown, their share of bad jobs has...

Persistent link: https://www.econbiz.de/10012888433

Understanding low wage growth in the euro area and European countries

Nickel, Christiane (ed.); Bobeica, Elena (ed.); … - 2019

Despite notable improvements in the labour market since 2013, wage growth in the euro area was subdued and substantially overpredicted in 2013-17. This paper summarises the findings of an ESCB expert group on the reasons for low wage growth and provides comparable analyses on wage developments...

Persistent link: https://www.econbiz.de/10012063794

Employment cyclicality by firm size, wage, and productivity in Brazil

Cravo, Túlio; Jacinto, Paulo de Andrade; Schimanski, … - 2018 - Version: August 27th, 2018

firm size, wages and productivity are positively related. This paper constructs a unique monthly linked employer …

Persistent link: https://www.econbiz.de/10011927684

Cyclical labor income risk

Nakajima, Makoto; Smirnyagin, Vladimir - 2019

Persistent link: https://www.econbiz.de/10012197717

A theory of Minsky super cycles and financial crises

Palley, Thomas I. - 2009

This paper argues that Hyman Minsky's financial instability hypothesis weaves together a medium term Keynesian approach to the business cycles in the spirit of Samuelson (1936) and Hicks (1950) with long cycle thinking of economists such as Schumpeter (1939) and Kondratieff. Post Keynesians have...

Persistent link: https://www.econbiz.de/10003861625

Effectiveness of countercyclical fiscal policy : time-series evidence from developing Asia

Jha, Shikha; Mallick, Sushanta Kumar; Park, Donghyun; … - 2010

As the global crisis hit developing Asia, several countries instituted fiscal stimulus measures to create domestic demand. With the region returning to normal times, in this paper we draw lessons using historical data from 10 developing Asian countries to examine if countercyclical fiscal policy...

Persistent link: https://www.econbiz.de/10008658807

Commodity price shocks and the business cycle : structural evidence for the US

Gubler, Matthias; Hertweck, Matthias S. - 2011 - This version: March 28, 2011

This paper develops a 9-dimensional SVAR to investigate the sources of the U.S. business cycle. We extend the standard set of identified shocks to include unexpected changes in commodity prices. Our main result is that commodity price shocks are a very important driving force of macroeconomic...

Persistent link: https://www.econbiz.de/10009008065

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