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We develop a dynamic spatial model in which heterogeneous workers are imperfectly mobile and forward-looking and yet all structural fundamentals can be inverted without assuming that the economy is in a stationary spatial equilibrium. Exploiting this novel feature of the model, we show that the...
Persistent link: https://www.econbiz.de/10012388100
examined, how wages respond, whether employees collected overtime pay before the change, and the productivity of hours worked …
Persistent link: https://www.econbiz.de/10011433877
workers and productive firms, and the pass-through of firm and market shocks to workers' wages. Guided by these empirical …
Persistent link: https://www.econbiz.de/10012105121
disproportionately affecting wage growth. A search and matching model in which firms can attract workers by either offering higher wages …, especially for the low-skilled, who saw stagnant wages but a robust decline in unemployment …
Persistent link: https://www.econbiz.de/10014079905
The labor market differs from other markets in many respects. Most important is that those who supply labor also have to deliver it in person. It means firstly that the work environment and organization of work are important for those who deliver labor, since they are in the work place....
Persistent link: https://www.econbiz.de/10010196492
Wages growth in Australia was lower than expected prior to COVID-19 based on historical determinants. One possible … options for workers and lowered their bargaining power and wages. This paper examines concentration in Australian labour … markets and its impacts on wages using a large and representative database derived from administrative tax data. Labour …
Persistent link: https://www.econbiz.de/10014233619
In this paper we derive a structural measure for labor market density based on the Ellison and Glasear (1997) "Index for industry concentration". This labor market density measure serves as a proxy for the number of workers that can reach a certain work area within a reasonal amount of traveling...
Persistent link: https://www.econbiz.de/10011303301
This paper investigates the behaviour of employers' monopsony power and workers' wages over the business cycle. Using … workers' entry wages are of similar magnitude as those predicted under monopsonistic wage setting, suggesting that monopsony …
Persistent link: https://www.econbiz.de/10010485288
We explore the impact of wage adjustment on employment with a focus on the role of downward nominal wage rigidities. We use a harmonised survey dataset, which covers 25 European countries in the period 2010-2013. These data are particularly useful for this paper given the firm-level information...
Persistent link: https://www.econbiz.de/10012945757
We explore the impact of wage adjustment on employment with a focus on the role of downward nominal wage rigidities. We use a harmonised survey dataset, which covers 25 European countries in the period 2010-2013. These data are particularly useful for this paper given the firm-level information...
Persistent link: https://www.econbiz.de/10012947585