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The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics
Christoffel, Kai (contributor); Linzert, Tobias (contributor) - 2005
; matching models ; labor market search ; inflation persistence ; real wage rigidity …In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business … affect the transmission process of monetary policy. The model allows real wage rigidities to interact with adjustments in …
Persistent link: https://www.econbiz.de/10003227218
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The aggregate effects of the Hartz reforms in Germany : conference paper
Hertweck, Matthias Sebastian; Sigrist, Oliver - 2013
This paper quantifies the impact of the Hartz reforms on matching efficiency, using monthly SOEP gross worker flows (1983-2009). We show that, until the early 2000s, close to 60% of changes in the unemployment rate are due to changes in the inflow rate (job separation). On the contrary, since...
Persistent link: https://www.econbiz.de/10010339386
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The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics
Christoffel, Kai; Linzert, Tobias - 2005
In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business … affect the transmission process of monetary policy. The model allows real wage rigidities to interact with adjustments in … employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to …
Persistent link: https://www.econbiz.de/10010267287
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The Effect of the Hartz Labor Market Reforms on Post-Unemployment Wages, Sorting, and Matching
Woodcock, Simon D. - 2020
wages of displaced German workers after they returned to work. We also present a simple new method to decompose the wage … wages of displaced workers after their return to work. Women experienced smaller wage losses than men.For both sexes, over … 80 percent of the increased wage loss was because displaced workers found re-employment in lower-wage firms after the …
Persistent link: https://www.econbiz.de/10012832592
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The effect of the Hartz labor market reforms on post-unemployment wages, sorting, and matching
Woodcock, Simon D. - 2020
wages of displaced German workers after they returned to work. We also present a simple new method to decompose the wage … wages of displaced workers after their return to work. Women experienced smaller wage losses than men. For both sexes, over … 80 percent of the increased wage loss was because displaced workers found re-employment in lower-wage firms after the …
Persistent link: https://www.econbiz.de/10012228177
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Does Employment Protection Unprotect Workers? The Labor Market Effects of Job Reinstatements in Peru
Jiménez, Bruno; Rendon, Sílvio - 2021
We investigate the labor market effects of the reestablishment of private-sector workers' right to reinstatement for unfair dismissals, which occurred in 2002 in Peru. Using data from Peruvian Household Surveys from 2004 to 2015, and the Specialized Employment Survey 1998-2001, we estimate a...
Persistent link: https://www.econbiz.de/10013314981
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Wage losses and inequality in developing countries : labor market and distributional consequences of Covid-19 lockdowns in Turkey
Duman, Anil - 2020
concentrated at the bottom of the wage distribution. Therefore, from a policy perspective, PWI can be a more encompassing measure … wage inequality is likely to deteriorate as a result of the supply shocks from confinement policies. However, the overall …
Persistent link: https://www.econbiz.de/10012244360
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Does employment protection unprotect workers? : the labor market effects of job reinstatements in Peru
Jiménez, Bruno; Rendón, Sílvio - 2020
We investigate the labor market effects of the reestablishment of private-sector workers' right to reinstatement for unfair dismissals, which occurred in 2002 in Peru. Using data from Peruvian Household Surveys from 2004 to 2015, and the Specialized Employment Survey 1998-2001, we estimate a...
Persistent link: https://www.econbiz.de/10012315260
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Macroeconomic volatilities and the labor market : first results from the euro experiment
Merkl, Christian; Schmitz, Tom - 2009
This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … theory. Real wage rigidities do not seem to play much of a role. This result is in line with our employed labor market model … output volatility, they do not seem to have much of an effect on inflation volatility. Our estimations indicate that the …
Persistent link: https://www.econbiz.de/10003827228
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Digitalisation : channels, impacts and implications for monetary policy in the euro area
2021
the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent …
Persistent link: https://www.econbiz.de/10012626753