Similar Search Results

Uncovering the mechanism(s): financial constraints and wages

Arabzadeh, Hamzeh; Balleer, Almut; Gehrke, Britta - 2020

How do wages respond to financial recessions? Based on a dynamic macroeconomic model with frictions in the labor and … and explore their effect on wages. First, the financial labor wedge reduces wages. Second, financial constraints may … interact with aggregate labor market conditions in various ways putting upward or downward pressure on wages. We test partial …

Persistent link: https://www.econbiz.de/10012389827

Labor share fluctuations in emerging markets : the role of the cost of borrowing

Kabaca, Serdar - 2011

This paper contributes to the literature by documenting labor income share fluctuations in emerging economies and proposing an explanation for them. We show that emerging markets differ from developed markets in terms of changes in the labor share over the business cycle. Labor share is more...

Persistent link: https://www.econbiz.de/10009302049

A Note on the Cointegration of Consumption, Income, and Wealth

Rudd, Jeremy B.; Whelan, Karl - 2003

relationship that is not implied by their theory …

Persistent link: https://www.econbiz.de/10014096887

The Cyclical Volatility of Labor Markets under Frictional Financial Markets

Petrosky-Nadeau, Nicolas - 2012

We provide a dynamic extension of an economy with search on credit and labor markets (Wasmer and Weil, 2004). Financial frictions create volatility: they add an additional, almost acyclical, entry cost to procyclical job creation costs, thus increasing the elasticity of labor market tightness to...

Persistent link: https://www.econbiz.de/10013116384

Search Intensity and Asset Prices

Luo, Ding; Tong, Jincheng - 2022

Job search decisions of unemployed workers are forward-looking and respond to expected returns from the search process. When expected returns (or discount rates) are high, the discounted benefits from the search process are low. Thus unemployed workers search less intensively for jobs. We build...

Persistent link: https://www.econbiz.de/10014235643

Uncovering the Mechanism(s): Financial Constraints and Wages

Arabzadeh, Hamzeh; Balleer, Almut; Gehrke, Britta - 2020

Persistent link: https://www.econbiz.de/10012497880

How cyclical is the user cost of labor?

Kudlyak, Marianna - 2024

economic conditions at the time of hiring on future wages. Measured by the labor's user cost, the price of labor is …

Persistent link: https://www.econbiz.de/10014507553

Liquidity premia, price-rent dynamics, and business cycles

Miao, Jianjun; Wang, Pengfei; Zha, Tao - 2014

In the U.S. economy during the past 25 years, house prices exhibit fluctuations considerably larger than house rents, and these large fluctuations tend to move together with business cycles. We build a simple theoretical model to characterize these observations by showing the tight connection...

Persistent link: https://www.econbiz.de/10010395957

The quality-adjusted cyclical price of labor

Bils, Mark; Kudlyak, Marianna; Lins, Paulo - 2023

Typical measures of wages, such as average hourly earnings, fail to capture cyclicality in the effective cost of labor … in the presence of (i) cyclical fluctuations in the quality of worker-firm matches, or (ii) wages being smoothed within … recession affects user cost: It lowers the new-hire wage; it lowers wages going forward in the match; but it also results in …

Persistent link: https://www.econbiz.de/10014248987

Dissecting saving dynamics : measuring wealth, precautionary, and credit effects

Carroll, Chris; Slacalek, Jirka; Sommer, Martin - 2012

We argue that the U.S. personal saving rate's long stability (1960s-1980s), subsequent steady decline (1980s-2007), and recent substantial rise (2008-2011) can be interpreted using a parsimonious 'buffer stock' model of consumption in the presence of labor income uncertainty and credit...

Persistent link: https://www.econbiz.de/10009618873

1
2
3
4
5
6
7
8
9
10
Next
Last