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The cyclicality of effective wages within employer-employee matches in a rigid labor market
Anger, Silke - 2011
This study analyzes real wage cyclicality for male full-time workers within employer-employee matches in Germany over the period 1984-2004. Five different wage measures are compared: the standard hourly wage rate; hourly wage earnings including overtime and bonus pay; the effective wage, which...
Persistent link: https://www.econbiz.de/10009229634
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The vanishing procyclicality of labor productivity
Galí, Jordi; Rens, Thijs van - 2010
We document three changes in postwar US macroeconomic dynamics: (i) the procyclicality of labor productivity has vanished, (ii) the relative volatility of employment has risen, and (iii) the relative (and absolute) volatility of the real wage has risen. We propose an explanation for all three...
Persistent link: https://www.econbiz.de/10003996447
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The vanishing procyclicality of labor productivity
Galí, Jordi; Rens, Thijs van - 2010
We document three changes in postwar US macroeconomic dynamics: (i) the procyclicality of labor productivity has vanished, (ii) the relative volatility of employment has risen, and (iii) the relative (and absolute) volatility of the real wage has risen. We propose an explanation for all three...
Persistent link: https://www.econbiz.de/10008779865
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Real wages and business cycle asymmetries : presented at CESifo conference "Academic Use of ifo Survey Data", December 2003
Woitek, Ulrich - 2004
The cyclicality of real wages has important implications for the validity of competing business cycle theories. However, the empirical evidence on the aggregate level is inconclusive. Using a threshold vector autoregressive model for the US and Germany to condition the relationship between real...
Persistent link: https://www.econbiz.de/10011449261
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Real wages and business cycle asymmetries : presented at CESifo conference "Academic Use of ifo Survey Data", december 2003
Woitek, Ulrich - 2004
The cyclicality of real wages has important implications for the validity of competing business cycle theories. However, the empirical evidence on the aggregate level is inconclusive. Using a threshold vector autoregressive model for the US and Germany to condition the relationship between real...
Persistent link: https://www.econbiz.de/10002104675
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Cyclicality of real wages in the USA and Germany : new insights from wavelet Analysis
Marczak, Martyna; Gómez, Víctor - 2012
This article provides new insights into the cyclical behavior of consumer and producer real wages in the USA and … cyclical patterns over time. From the findings of our study, we can infer that the USA and Germany differ with respect to the … lead-lag relationship of real wages and the business cycle. In the USA, both real wages are leading the business cycle in …
Persistent link: https://www.econbiz.de/10009548298
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Real wages and the cycle : the view from the frequency domain
Hart, Robert A.; Malley, James R.; Woitek, Ulrich - 2001
In the time domain, the observed cyclical behavior of the real wage hides a range of economic influences that give rise to cycles of differing lengths and amplitudes. This may serve to produce a distorted picture of wage cyclicality. Here, we employ frequency domain methods that allow us...
Persistent link: https://www.econbiz.de/10001610688
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Real wages and the cycle : the view from the frequency domain
Hart, Robert A.; Malley, James R.; Woitek, Ulrich - 2001
In the time domain, the observed cyclical behavior of the real wage hides a range of economic influences that give rise to cycles of differing lengths and amplitudes. This may serve to produce a distorted picture of wage cyclicality. Here, we employ frequency domain methods that allow us...
Persistent link: https://www.econbiz.de/10011402810
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Wage and employment cyclicalities at the establishment level
Merkl, Christian; Stüber, Heiko - 2021
We document substantial cross-sectional heterogeneity of German establishments' real wage cyclicality over the business cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical wages. We estimate a negative connection between...
Persistent link: https://www.econbiz.de/10012626934
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Wage and employment cyclicalities at the establishment level
Merkl, Christian; Stüber, Heiko - 2021
We document substantial cross-sectional heterogeneity of German establishments' real wage cyclicality over the business cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical wages. We estimate a negative connection between...
Persistent link: https://www.econbiz.de/10012619265