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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
contracts and of indexation in such contracts, while boosting the use of profit sharing. He also summarizes empirical findings … supporting the view that increased competition has reduced the use of nominal contracts and the indexation of contract wages, and … profit sharing. Consistent with aggregate movements in labor practices and a measure of the degree of goods market …
Persistent link: https://www.econbiz.de/10005726402
Persistent link: https://www.econbiz.de/10005726490
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
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
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
Although the dollar has been shown to influence the expected wages of workers, the analysis to date has focused on the … male workforce. We show that exchange rate fluctuations also have important implications for women's wages. The dominant …
Persistent link: https://www.econbiz.de/10005726655
discrimination. Using data collected in the 1980 Women and Employment Survey, we find that women's wages would be between 20 and 25 …
Persistent link: https://www.econbiz.de/10005656294
wages being earned by workers employed in the industry, controlling for worker characteristics and geographic variables. The … suggesting that reductions in trade barriers benefited the unskilled in terms of an increase in wages. …
Persistent link: https://www.econbiz.de/10005656332
The paper analyses the determinants of interwar unemployment using a previously unexploited quarterly data set for 1924-39. Individual equations for insured employment, insured unemployment and the nominal wage rate are estimated and tested. The results indicate that the real wage was an...
Persistent link: https://www.econbiz.de/10005656339