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We develop an adjustment procedure to construct U.S. monthly time series of involuntary part-time employment stocks and flows from 1976 until today. Armed with these new data, we provide a comprehensive account of the dynamics of involuntary part-time work. Transitions from full-time to...
Persistent link: https://www.econbiz.de/10012023910
We develop an adjustment procedure to construct U.S. monthly time series of involuntary part-time employment stocks and flows from 1976 until today. Armed with these new data, we provide a comprehensive account of the dynamics of involuntary part-time work. Transitions from full-time to...
Persistent link: https://www.econbiz.de/10011913254
Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool of macroeconomic analysis, recent literature pointed to some significant failures in accounting for the data. This paper aims to answer two questions: (i) Does the model fit the...
Persistent link: https://www.econbiz.de/10005763819
Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool of macroeconomic analysis, recent literature pointed to some failures in accounting for the data. This paper aims to answer two questions: (i) Does the model fit the data, and,...
Persistent link: https://www.econbiz.de/10005797254
Persistent link: https://www.econbiz.de/10005090815
Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool of macroeconomic analysis, recent literature pointed to some failures in accounting for the data. This paper aims to answer two questions: (i) Does the model fit the data, and,...
Persistent link: https://www.econbiz.de/10011071277
-2008 financial crisis. We study the evolution of both employment and wages in a large sample of Italian workers followed for nine … also high-type (and therefore more expensive) workers, even though wages do react to the slack. All in all, our results …
Persistent link: https://www.econbiz.de/10012207357
empirical determinants of the reservation wage - in particular the inßuence of previous wages - and consider what this implies … for the evolution of the natural rate of unemployment. We Þnd that previous wages have a signiÞcant but relatively small … effect on reservation wages (an elasticity between 0.15 and 0.47). We also Þnd considerable differences across genders with …
Persistent link: https://www.econbiz.de/10010293843
with comparable attributes. In the conventional neoclassical point of view, wages are determined by the marginal product of … the workers. Accordingly, increases in union minimum wages result in a decline of residual wage dispersion and higher …
Persistent link: https://www.econbiz.de/10010297414
close relationship exists between wages and labor market transitions as predicted by search theory. However, the noticeable …
Persistent link: https://www.econbiz.de/10010297507