Narrow search
Showing 1 - 10 of 17,392
Cover Image
Shocks and frictions under right-to-manage wage bargaining : a transatlantic perspective
Consolo, Agostino; Hertweck, Matthias S. - 2010
This paper introduces staggered right-to-manage wage bargaining into a New Keynesian business cycle model. Our key … result is that the model is able to generate persistent responses in output, inflation, and total labor input to both neutral … shock. When the economy is hit by a neutral technology shock, both price and wage rigidities turn out to be important. …
Persistent link: https://www.econbiz.de/10008662486
Cover Image
Some Like it Hot : Assessing Longer-Term Labor Market Benefits from a High-Pressure Economy
Hotchkiss, Julie L. - 2020
This paper explores evidence for positive hysteresis in the labor market. Using data from the National Longitudinal Surveys of Youth, we find that negative labor market outcomes during high unemployment periods are mitigated by exposure to a high-pressure economy during the preceding expansion....
Persistent link: https://www.econbiz.de/10012852979
Cover Image
Some Like it Hot : Assessing Longer-Term Labor Market Benefits from a High-Pressure Economy
Hotchkiss, Julie L. - 2018
This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal Surveys of Youth, we find that negative labor market outcomes during high unemployment periods are mitigated by exposure to a high-pressure economy during the preceding...
Persistent link: https://www.econbiz.de/10012924924
Cover Image
Some like it hot : assessing longer-term labor market benefits from a high-pressure economy
Hotchkiss, Julie L.; Moore, Robert E. - 2018
This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a high-pressure economy during the preceding...
Persistent link: https://www.econbiz.de/10011791237
Cover Image
Shocks and Frictions under Right-to-Manage Wage Bargaining: A Transatlantic Perspective
Consolo, Agostino; Hertweck, Matthias S. - 2010
Persistent link: https://www.econbiz.de/10011390646
Cover Image
Extraordinary labor market developments and the 2022-23 disinflation
Davis, Steven J. - 2024
supply and reduced wage growth. Second, the pandemic-instigated shift to work from home (WFH) raised the amenity value of … employment in many jobs and for many workers. This development lowered wage-growth pressures along the transition path to a new … executives imply that the shift to WFH lowered average wage growth by two percentage points from spring 2021 to spring 2023. A …
Persistent link: https://www.econbiz.de/10014550371
Cover Image
Extraordinary Labor Market Developments and the 2022-23 Disinflation
Davis, Steven J. - National Bureau of Economic Research - 2024
supply and reduced wage growth. Second, the pandemic-instigated shift to work from home (WFH) raised the amenity value of … employment in many jobs and for many workers. This development lowered wage-growth pressures along the transition path to a new … executives imply that the shift to WFH lowered average wage growth by two percentage points from spring 2021 to spring 2023. A …
Persistent link: https://www.econbiz.de/10014576613
Cover Image
u* = √uv
Michaillat, Pascal; Saez, Emmanuel - National Bureau of Economic Research - 2022
Most governments are mandated to maintain their economies at full employment. We propose that the best marker of full employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of labor--both jobseeking and recruiting. The...
Persistent link: https://www.econbiz.de/10013334429
Cover Image
The causes and economic consequences of envy
Cabrales, Antonio - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 4, pp. 371-386
: workplace skill segregation, gradual promotions, wage increases that have no relation with productivity and downward wage … considered in their theoretical and empirical models. -- envy ; interdependent preferences ; skill segregation ; wage dynamics … ; wage dispersion ; internal labor market ; recursive contracts …
Persistent link: https://www.econbiz.de/10009355901
Cover Image
Supply shocks and the factor price frontier : labour market adjustment in the United States and Germany
Hornung, Dietmar; Schimmelpfennig, Axel; Wapler, Rüdiger - 1998
-abundant countries into the world economy. With flexible wages, a negative supply shock leads to a decrease in the wage rate while … employment remains constant. With a rigid wage rate, a rise in unemployment of unskilled labour follows. The model explains the …
Persistent link: https://www.econbiz.de/10010407084