The credit-driven housing net worth channel has been identified as a determinant of the sharp drop in US employment … differences. For the full panel, we find changes in housing net worth having a significant effect on total employment and its non … significant effects on employment pertain to the post-2007 era when credit conditions were considerably more restrictive. In …

relative contraction in credit supply, associated with lower average wages and employment. These effects are heterogeneous … construct a novel dataset that links worker employment histories to firm financials and banking relationships in Germany. Firms … within and between firms. Within firms, initially lower-paid workers are more likely to leave employment, while initially …

relative contraction in credit supply, associated with lower average wages and employment. These effects are heterogeneous … construct a novel dataset that links worker employment histories to firm financials and banking relationships in Germany. Firms … within and between firms. Within firms, initially lower-paid workers are more likely to leave employment, while initially …

study the labour market effects of public sector employment and wages. Public sector wages plays an important role in … cycle fluctuations of the labour market variables. -- public sector employment ; public sector wages ; unemployment ; fiscal … achieving the efficient allocation. High wages induce too many unemployed to queue for public sector jobs, while if they are low …

study the labour market effects of public sector employment and wages. Public sector wages plays an important role in … achieving the efficient allocation. High wages induce too many unemployed to queue for public sector jobs, while if they are low … friction parameters. In response to technology shocks, it is optimal to have procyclical public sector wages. Deviations from …

wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby … cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical …

wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby … cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical …

milieu. Using data from Annual Survey of Industries, we find that (i) the growth of regular employment is negatively skewed … while that of contract employment is positively skewed, and (ii) the nominal wage growth of regular workers is positively … both regular and contract labour to match the observed asymmetries in employment. Our model further suggests that the …

wages. We estimate a negative connection between establishments’ wage cyclicality and their employment cyclicality, thereby … cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical …