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Higher-order income risk over the business cycle

Busch, Christopher; Ludwig, Alexander - 2020

We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higherorder risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...

Persistent link: https://www.econbiz.de/10012182809

Higher-order income risk over the business cycle

Busch, Christopher; Ludwig, Alexander - 2020

We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...

Persistent link: https://www.econbiz.de/10012215285

A Hodrick-Prescott filter with automatically selected jumps

Maranzano, Paolo; Pelagatti, Matteo - 2024

The Hodrick-Prescott filter is a popular tool in macroeconomics for decomposing a time series into a smooth trend and a business cycle component. The last few years have witnessed global events, such as the Global Financial Crisis, the COVID-19 pandemic, and the war in Ukraine, that have had...

Persistent link: https://www.econbiz.de/10014578421

Minimum Wage Effects on Wages and Employment : Evidences from Time-Series and Longitudinal Data

Leite Corseuil, Carlos Henrique; Carneiro, Francisco - 2002

This paper reports analysis of minimum wage on Brazilian labor market combining micro longitudinal data and aggregated time-series data. After the analysis of the minimum wage effects on Brazilian wage distribution based on micro data, the effects on employment level and composition (formal X...

Persistent link: https://www.econbiz.de/10014121236

How Wage Compression Affects Job Turnover

Heyman, Fredrik - 2011

I use Swedish establishment-level panel data to test Bertola and Rogerson's (1997) hypothesis of a positive relation between the degree of wage compression and job reallocation. Results indicate that the effect of wage compression on job turnover is positive and significant in the manufacturing...

Persistent link: https://www.econbiz.de/10013130600

Labor Market Structure in Ldcs : Time Series Evidence on Competing Views

Maloney, William F. - 1999

This paper reexamines the dualistic view of LDC labor markets by studying the dynamics between "formal" and "informal" labor markets across a business cycle and a period of trade liberalization in Mexico, 1987-1993. Conventional earnings comparisons, even across time, are shown to be unreliable...

Persistent link: https://www.econbiz.de/10014061740

Transferability of human capital and job switches

Piekkola, Hannu - 2002

pecuniary incentives. However, wages as a whole include offsetting elements. It is shown that compensations for transferable … job seeking. High firm-level wages tend to decrease job-to-job switches but also to increase withdrawals from the … worse labour market position. – wages ; compensation policy ; unemployment ; worker mobility ; linked employer-employee data …

Persistent link: https://www.econbiz.de/10010284995

European unemployment nonlinear dynamics over the business cycles : Markov switching approach

Oliskevych, Marianna; Lukianenko, Iryna - In: Global business & economics review 22 (2020) 4, pp. 375-401

Persistent link: https://www.econbiz.de/10012223961

How Wage Compression Affects Job Turnover

Heyman, Fredrik - 2008

Persistent link: https://www.econbiz.de/10010320129

Non-linear dynamics of employment, output and real wages in Canada : recent time series evidence

McFarlane, Adian A.; Das, Anupam; Chowdhury, Murshed - In: Journal of economic studies 41 (2014) 4, pp. 554-568

Persistent link: https://www.econbiz.de/10011338478

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