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Although the quantitative relationship between employment cyclicality and wage cyclicality is central for the dynamics of macroeconomic models, there is little empirical evidence on this topic. We use the German AWFP dataset to document that wage cyclicalities are very heterogeneous across...
Persistent link: https://www.econbiz.de/10014432211
Persistent link: https://www.econbiz.de/10015075944
Three fundamental forces have shaped labor markets over the last 50 years: the secular increase in the returns to education, educational upgrading, and the integration of large numbers of women into the workforce. We modify the Katz and Murphy (1992) framework to predict the structure of the...
Persistent link: https://www.econbiz.de/10010228790
of workers in Spain. Real wages are weakly procyclical in Spain and focusing on differences in different phases of the … cyclicality in recessions. Furthermore, higher levels of unemployment do not translate into additional real wages adjustments when …. Nevertheless, wages of newly-hired workers are the most sensitive to the business cycle and exhibit the lowest asymmetric pattern …
Persistent link: https://www.econbiz.de/10011417114
The share of overtime hours within total hours worked in Britain has declined from 4.8% to 2.9% between 1999 and 2018. This is equivalent to 321 thousand full-time jobs. We investigate this decline focussing on full-time and part-time males and females together with overtime pay effects that...
Persistent link: https://www.econbiz.de/10012120652
I study the life-cycle pattern of part-time employment and its impact on wage growth in female careers. I show that the part-time wage penalty consists of two essential components: i) a penalty for promotions and ii) a within-career-level wage penalty. Using dynamic structural modeling, I...
Persistent link: https://www.econbiz.de/10014492126
Three fundamental forces have shaped labor markets over the last 50 years: the secular increase in the returns to education, educational upgrading, and the integration of large numbers of women into the workforce. We modify the Katz and Murphy (1992) framework to predict the structure of the...
Persistent link: https://www.econbiz.de/10013071294
In this paper, we show that the wage assimilation of immigrants is the result of the intricate interplay between individual skill accumulation and dynamic equilibrium effects in the labor market. When immigrants and natives are imperfect substitutes, increasing immigrant inflows widen the wage...
Persistent link: https://www.econbiz.de/10012602108
In this paper, we show that the wage assimilation of immigrants is the result of the intricate interplay between individual skill accumulation and dynamic equilibrium effects in the labor market. When immigrants and natives are imperfect substitutes, increasing immigrant inflows widen the wage...
Persistent link: https://www.econbiz.de/10012603991
kids to 4 kids), formally employed females start dropping out of the labor force and hours of work decline. Wages and job … employment—possibly due to a decline in reservation wages. Accordingly, wages decline, hours of work increase, and job search …
Persistent link: https://www.econbiz.de/10013252379