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Structural distortions and decentralized fiscal policies in EMU
Beetsma, Roel; Bovenberg, Ary Lans - 2001
The combination of discretionary monetary policy, labor-market distortions and nominal wage rigidity yields an … inflation bias as monetary policy tries to exploit nominal wage contracts to address labour-market distortions Although an … if fiscal policy is set at a higher frequency than nominal wages are. To avoid the associated excessive accumulation of …
Persistent link: https://www.econbiz.de/10011398780
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Wage rigidity and labor market dynamics with sorting
Schulz, Bastian - 2015
This paper adds two-sided ex-ante heterogeneity and a production technology inducing sorting to the canonical Diamond-Mortensen-Pissarides (DMP) search and matching model. Ex-ante heterogeneity and sorting have important implications for the dynamic properties of the model. The modifications...
Persistent link: https://www.econbiz.de/10011280707
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International outsourcing and wage rigidity : a formal approach and first empirical evidence
Horgos, Daniel - 2009
International Outsourcing effects on labor markets are mostly analyzed within flexible wage settings. Using a modern duality approach, this paper formally investigates differences occurring in industries with low skilled wage rigidity and, for the first time in literature, presents empirical...
Persistent link: https://www.econbiz.de/10011373516
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The choice of technology and equilibrium wage rigidity
Zhou, Haiwen - In: Frontiers of economics in China : selected publications … 10 (2015) 2, pp. 252-271
Persistent link: https://www.econbiz.de/10011304079
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Negotiated wage increases and the labor market outcomes of low-wage workers : evidence from the Swedish public sector
Eliasson, Tove; Nordström Skans, Oskar - 2014
This paper investigates the impact of a collective agreement stipulating a one shot increase in establishment-specific wage levels in a public-sector setting where wages otherwise are set according to individualized wage bargaining. The agreement stipulated that wages should increase in...
Persistent link: https://www.econbiz.de/10010354153
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Explaining asset prices with external habits and wage rigidities in a DSGE model
Uhlig, Harald - 2007 - This version: March 27, 2007
facts as well as macro facts, provided one allows for moderate real wage stickiness and provided one allows for sufficient …
Persistent link: https://www.econbiz.de/10010237156
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Downwards wage rigidity, endogenous separations and firm training
Lechthaler, Wolfgang - In: Bulletin of economic research 65 (2013) 4, pp. 389-404
Persistent link: https://www.econbiz.de/10010194784
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Catastrophic job destruction
Carneiro, Anabela; Portugal, Pedro; Varejão, José M. - 2013
document the very large increase in the incidence of minimum wage earners and nominal wage freezes. We explore three different …
Persistent link: https://www.econbiz.de/10010199018
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Can overtime premium flexibility promote employment? : firm- and worker-level evidence from a labour law reform
Martins, Pedro S. - 2016
of legal restrictions behind downward nominal pay rigidity. Our findings also suggest a significant potential of overtime …
Persistent link: https://www.econbiz.de/10011532547
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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 market conditions. Specifically, it explores whether the data is more consistent with implicit contract models (Beaudry/DiNardo, 1991) or a matching model with on-the-job search and...
Persistent link: https://www.econbiz.de/10011544266