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How cyclical is the user cost of labor?
Kudlyak, Marianna - 2024
economic conditions at the time of hiring on future wages. Measured by the labor's user cost, the price of labor is …
Persistent link: https://www.econbiz.de/10014507553
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Revisiting the Labor Hoarding Employment Demand Model : An Economic Order Quantity Model of Labor Hoarding
Platt, Harlan D. - 2012
The labor studies literature has for many years accepted the labor hording theory. That theory derives from Journal of Financial Transformation seminal work by Oi (1962), Miller (1971), and Fair (1985). These studies argue that as a result of the absolute cost of hiring and training certain...
Persistent link: https://www.econbiz.de/10013116387
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Social security contributions and the business cycle
Almosova, Anna; Burda, Michael C.; Voigts, Simon - 2017
This paper examines magnitudes and business cycle dynamics of social security contributions (SSC). In most OECD countries studied, we document a negative covariation of payroll tax burdens with GDP and GDP growth at business cycle and lower frequencies. We assess the overall magnitude of the...
Persistent link: https://www.econbiz.de/10011701115
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History dependence in wages and cyclical selection : evidence from Germany
Bauer, Anja; Lochner, Benjamin - 2016
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 …
Persistent link: https://www.econbiz.de/10011544266
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Employment cyclicality and firm quality
Kahn, Lisa B.; McEntarfer, Erika - 2014
Who fares worse in an economic downturn, low- or high-paying firms? Different answers to this question imply very different consequences for the costs of recessions. Using U.S. employer-employee data, we find that employment growth at low-paying firms is less cyclically sensitive. High-paying...
Persistent link: https://www.econbiz.de/10010436157
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Participation, Wage and Unemployment Fluctuations
Xu, Lifang - 2019
This paper studies the effects of endogenous participation on unemployment fluctuations. It shows that the wage channel is the key to understanding them. Endogenous participation makes the expected outside options of workers countercyclical. Under Nash bargaining, this induces a countercyclical...
Persistent link: https://www.econbiz.de/10012905550
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Wage and employment cyclicalities at the establishment level
Merkl, Christian; Stüber, Heiko - 2021
wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …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 …
Persistent link: https://www.econbiz.de/10012626934
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Wage and employment cyclicalities at the establishment level
Merkl, Christian; Stüber, Heiko - 2021
wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …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 …
Persistent link: https://www.econbiz.de/10012619265
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Asymmetric Wage and Employment Dynamics in Segmented Labour Markets
Murali, Srinivasan; Naresh, Abhishek; Shin, Jong Kook; … - 2022
We document the presence of asymmetric business cycles in both regular and contract labour markets in India, investigate the role of nominal wage rigidities in accounting for these asymmetries, and study optimal inflation policy in such a milieu. Using data from Annual Survey of Industries, we...
Persistent link: https://www.econbiz.de/10013292405
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Wage and Employment Cyclicalities at the Establishment Level
Merkl, Christian; Stueber, Heiko - 2021
wages. We estimate a negative connection between establishments’ wage cyclicality and their employment cyclicality, thereby …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 …
Persistent link: https://www.econbiz.de/10013212779