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Why are the Wages of Job Stayers Procyclical?
Shin, Donggyun; Shin, Kwanho - 2003
This paper explains how real wages are procyclical for those who stay with the same employer. On the basis of the Panel Study of Income Dynamics data for the period of 1974-75 to 1990-91, we find that the substantial wage procyclicality among job stayers is mostly accounted for by great wage...
Persistent link: https://www.econbiz.de/10014086522
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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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Why are the wages of job stayers procyclical?
Shin, Donggyun; Shin, Kwanho - In: Macroeconomic dynamics 12 (2008) 1, pp. 1-21
Persistent link: https://www.econbiz.de/10003653491
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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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New evidence on cyclical variation in labor costs in the U.S.
Gu, Grace Weishi; Prasad, Eswar S. - 2018
Employer-provided nonwage benefit expenditures now account for one-third of U.S. firms' labor costs. We show that a broad measure of real labor costs including such benefit expenditures has become countercyclical during 1982-2014, contrary to the conventional view that labor costs are...
Persistent link: https://www.econbiz.de/10011796363
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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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Aggregate real wages : macro fluctuations and micro drivers
Daly, Mary C.; Hobijn, Bart; Wiles, Theodore S. - 2011
Persistent link: https://www.econbiz.de/10009720721
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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