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popular concept in labor economics that describes how individual wages decrease with higher local unemployment. While housing …
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In a Keynesian mode of thinking wages become the nominal anchor for the price level because unit-labour costs in a … and anti-cyclical fiscal policy. Since the early 1990s nominal wages in the USA and the UK have followed this wage norm to … a large extent. But in Germany, wages have increased below this norm or even decreased, and in Japan this effect has …
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I show that individuals whose unemployment risk tends to increase more when local home prices fall optimally invest less in owner-occupied housing. Using a unique, Swedish register-based database, I find that a one standard deviation increase in the covariance between individually estimated...
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impact on the individuals' wages one year after graduation. However, there appears to be a partial catchup towards luckier …
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We provide new evidence about earnings and labour market volatility in Britain over the period 1992-2008, and for women as well as men. (Most research about volatility refers to earnings volatility for US men.) We show that earnings volatility declined slightly for both men and women over the...
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