to the conventional view that labor costs are procyclical. Using BLS establishment-job data, we find that even real wages …, the main focus of prior literature, have become countercyclical. Benefit expenditures are less rigid than nominal wages …

economic conditions at the time of hiring on future wages. Measured by the labor's user cost, the price of labor is …

Typical measures of wages, such as average hourly earnings, fail to capture cyclicality in the effective cost of labor … in the presence of (i) cyclical fluctuations in the quality of worker-firm matches, or (ii) wages being smoothed within … employment matches. To address both concerns, we estimate cyclicality in labor's user cost exploiting the long-run wage in a …

to the conventional view that labor costs are procyclical. Using BLS establishment-job data, we find that even real wages …, the main focus of prior literature, have become countercyclical. Benefit expenditures are less rigid than nominal wages …

dynamic behavior of the labor share of GDP. The counter-cyclicality of hiring rates and job values, which may appear counter …

Using administrative data from Germany, this paper analyzes the relation between wages and past and current labor … wages are related to past labor market conditions as contract theories postulate. However, past labor market conditions also … affect contemporaneous wages through the evolution of the match qualities over a worker's job history - the main hypothesis …

cyclicality of hourly wages is muted, suggesting that head's labor income risk is mainly coming from the volatility of hours …We investigate cyclicality of variance and skewness of household labor income risk using PSID data. There are five main …. Third, younger households face stronger cyclicality of income volatility than older ones, although the level of volatility …

cyclicality of hourly wages is muted, suggesting that head's labor income risk is mainly coming from the volatility of hours …We investigate cyclicality of variance and skewness of household labor income risk using PSID data. There are five main …. Third, younger households face stronger cyclicality of income volatility than older ones, although the level of volatility …