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Downward Real Wage Rigidity and Equal Treatment Wage Contracts: Theory and Evidence

Snell, Andy; Stüber, Heiko; Thomas, Jonathan P. - 2018

Recent dynamic contracting models of downward real wage rigidity with "equal treatment" – newly hired workers cannot price themselves into jobs by undercutting incumbents – imply that real wages are relatively rigid in "bad" times but upwardly flexible during "good" times. We use an...

Persistent link: https://www.econbiz.de/10011873508

Born to be Unemployed: Unemployment and Wages over the Business Cycle.

Rubinstein, Y.; Tsiddon, D. - Foerder Institute for Economic Research, Eitan Berglas … - 1999

set of observations on the cyclicability ofboth wages and employment. …

Persistent link: https://www.econbiz.de/10005647220

Relative Wage Concern and the Keynesian Contract Multiplier.

Ascari, G.; Garcia, J.A. - Department of Economics, European University Institute - 1999

Recent quantitative dynamic general equilibrium models have cast serious doubts on the explanatory power of staggered wage/price setting in accounting for both output and inflation persistence. The authors enlarge a dynamic general equilibrium model with staggered wages by incorporating...

Persistent link: https://www.econbiz.de/10005744357

Evidence and Theory in Asymmetrics in US Aggregate Job Flows.

Collard, F.; Feve, P.; Langot, F.; Perraudin, C. - 1998

Recent works on aggregate job flows in the US economy indicate that (i) specific sectoral shocks are important to account for aggregate job flows dynamics and that (ii) aggregate creation and destruction dynamics display significant non-linearities. This paper aims to study whether a simple...

Persistent link: https://www.econbiz.de/10005671561

Economic vulnerabilities in Italy : a network analysis using similarities in sectoral employment

Castagna, Alina; Chentouf, Leila; Ernst, Ekkehard - 2017

not allow to analyse spatial interdependence. In our approach, instead, we make use of local employment patterns. In … particular, using sectoral employment of 8091 Italian municipalities across 18 economic activities, our approach allows to … identify spatial inter-linkages in terms of employment patterns. By comparing such local employment patterns, our methodology …

Persistent link: https://www.econbiz.de/10012111812

Downward real wage rigidity and equal treatment wage contracts : theory and evidence

Snell, Andy; Stüber, Heiko; Thomas, Jonathan P. - 2018

Recent dynamic contracting models of downward real wage rigidity with "equal treatment" - newly hired workers cannot price themselves into jobs by undercutting incumbents – imply that real wages are relatively rigid in "bad" times but upwardly flexible during "good" times. We use an...

Persistent link: https://www.econbiz.de/10011855567

The ins and outs of involuntary part-time employment

Borowczyk-Martins, Daniel; Lalé, Etienne - 2018

We develop an adjustment procedure to construct U.S. monthly time series of involuntary part-time employment stocks and … part-time work. Transitions from full-time to involuntary part-time employment dominate this dynamics, spiking up at …

Persistent link: https://www.econbiz.de/10011913254

Downward real wage rigidity and equal treatment wage contracts : evidence from Germany ; conference paper

Snell, Andy; Stüber, Heiko - 2014

Theoretical models of downward real wage rigidity generate asymmetric wage cyclicality with real wages being rigid in "bad" times but upwardly flexible during "good". In this paper we use an administrative panel dataset from Germany to establish that such asymmetries are very salient in Germany....

Persistent link: https://www.econbiz.de/10010490623

Has the Government Lowered the Hours Worked? Evidence from Japan

Ko, Jun-Hyung - Volkswirtschaftliche Fakultät, … - 2011

Why does the hours worked show a decreasing pattern in the postwar Japanese economy? This paper answers this question in the background of the changing pattern of government spending and tax-imposing behaviors. We construct and simulate a standard optimal growth model with the following key...

Persistent link: https://www.econbiz.de/10009004135

How important is the intensive margin of labor adjustment?

Rens, Thijs van - Department of Economics and Business, Universitat … - 2011

Using new quarterly data for hours worked in OECD countries, Ohanian and Raffo (2011) argue that in many OECD countries, particularly in Europe, hours per worker are quantitatively important as an intensive margin of labor adjustment, possibly because labor market frictions are higher than in...

Persistent link: https://www.econbiz.de/10009321252