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Causes of changing earnings inequality

Snower, Dennis J. - In: Proceedings - Economic Policy Symposium - Jackson Hole (1998), pp. 69-133

Persistent link: https://www.econbiz.de/10005726176

Commentary : economic consequences of income inequality

Siebert, Horst - In: Proceedings - Economic Policy Symposium - Jackson Hole (1998), pp. 265-281

Persistent link: https://www.econbiz.de/10005726243

The effect of part-time work on wages: evidence from the Social Security rules

Aaronson, Daniel; French, Eric - Federal Reserve Bank of Chicago - 2001

, we show that both work hours and wages drop sharply at ages 62 and 65. The Social Security rules produce strong … incentives to reduce work hours at these ages. We present evidence that these sharp drops in work hours cause a drop in wages for …

Persistent link: https://www.econbiz.de/10005726263

Labor market policies in an equilibrium search model

Alvarez, Fernando; Veracierto, Marcelo - Federal Reserve Bank of Chicago - 1999

endogenous labor-force participation. Minimum wages, degree of unionization, firing taxes, and unemployment benefits are …) minimum wages have small effects; ii) firing taxes have similar effects to those found in frictionless general equilibrium …

Persistent link: https://www.econbiz.de/10005726267

Identification of search models with initial condition problems

Barlevy, Gadi; Nagaraja, H. N. - Federal Reserve Bank of Chicago - 2006

reservation wages from one another. We further show that allowing for heterogeneity in reservation can affect the empirical …

Persistent link: https://www.econbiz.de/10005726274

How increased product market competition may be reshaping America's labor markets

Duca, John V. - In: Economic and Financial Policy Review (1998) Q IV, pp. 2-16

supporting the view that increased competition has reduced the use of nominal contracts and the indexation of contract wages, and …

Persistent link: https://www.econbiz.de/10005726402

Some recent developments in labor economics and their implications for macroeconomics

Katz, Lawrence F. - In: Proceedings (1988), pp. 507-530

Persistent link: https://www.econbiz.de/10005726490

The effects of inflation on wage adjustments in firm-level data: grease or sand?

Groshen, Erica L.; Schweitzer, Mark E. - Federal Reserve Bank of New York - 1996

This paper studies the effects of inflation on wage changes made by firms in a unique thirty-seven-year panel of occupations and employers drawn from the Federal Reserve Bank of Cleveland Community Salary Survey (CSS). Our analysis first identifies two relative prices embedded in wage changes...

Persistent link: https://www.econbiz.de/10005726580

Rational bias in macroeconomic forecasts

Laster, David; Bennett, Paul; Geoum, In Sun - Federal Reserve Bank of New York - 1997

This paper develops a model of macroeconomic forecasting in which the wages firms pay their forecasters are a function … to maximize their expected wages. In the case of heterogeneous incentives, the forecasters whose wages are most closely …

Persistent link: https://www.econbiz.de/10005726599

Tracking the new economy: using growth theory to detect changes in trend productivity

Kahn, James A.; Rich, Robert - Federal Reserve Bank of New York - 2003

The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate will remain high. In this paper, we propose a methodology for estimating trend growth that draws on growth theory to identify variables other than productivity namely consumption...

Persistent link: https://www.econbiz.de/10005726640