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This paper presents an investigation of the dynamic effects of fiscal policy in an inter-temporal optimisation model with an oligopsonistic labour market. In an oligopsonistic labour market, fiscal policy expands employment through a shift of labour demand and supply curves. Fiscal policy has a...
Persistent link: https://www.econbiz.de/10008542535
or paid wages are subject to an unanticipated temporary change, we can derive an analytical expression for the aggregate … extensive adjustment of wages, and (iii) the aggregate employment rate. We use individual-specific data from the German Socio …-employed workers' reservation wages. We use this variable in conjunction with a two-step conditional density estimator to retrieve the …
Persistent link: https://www.econbiz.de/10010204508
or paid wages are subject to an unanticipated temporary change, we can derive an analytical expression for the aggregate … extensive adjustment of wages, and (iii) the aggregate employment rate. We use individual-specific data from the German Socio …-employed workers' reservation wages. We use this variable in conjunction with a twostep conditional density estimator to retrieve the …
Persistent link: https://www.econbiz.de/10010209188
The empirical relationships between labour wages, unemployment rate and the labour productivity index in New Zealand … labour, the more the wages earned. Related statistical tests on the residuals proved that the model and its findings are …
Persistent link: https://www.econbiz.de/10012862085
A model of nominal labor-price dynamics is derived from the choice of an efficient strategy to adjust wages for …
Persistent link: https://www.econbiz.de/10012728533
The model of the wage bargaining constitutes a framework for calculation of the NAWRU in Poland. The approach used in the paper let me trace changes of the natural unemployment rate in Poland in the context of structural changes in the economy in the last decade. Moreover, I introduced the...
Persistent link: https://www.econbiz.de/10014214119
or paid wages are subject to an unanticipated temporary change, we can derive an analytical expression for the aggregate … extensive adjustment of wages, and (iii) the aggregate employment rate.We use individual-specific data from the German Socio …-employed workers' reservation wages. We use this variable in conjunction with a two-step conditional density estimator to retrieve the …
Persistent link: https://www.econbiz.de/10013073510
There are no apparent academic or theoretical positions; however, Macroeconomic earnings are generally perceived to result from overall corporate performance or merit. This perception appears largely due to the fact that improvements by an individual company generally result in, and merit,...
Persistent link: https://www.econbiz.de/10013229469
According to data from the Labor Productivity and Costs (LPC) program, average hourly real compensation in the United States has grown consistently over time and become markedly more volatile since the mid-1980s. By contrast, data from the Current Employment Statistics (CES) imply that average...
Persistent link: https://www.econbiz.de/10011452713
This paper analyzes the role of heterogeneous households in propagating shocks over the business cycle by generalizing a basic sticky-price model to allow for imperfect risk-sharing between households that differ in labor incomes. I show that imperfectly insured household consumption distorts...
Persistent link: https://www.econbiz.de/10009372947