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Sufficient statistics for frictional wage dispersion and growth
Vejlin, Rune Majlund; Veramendi, Gregory - 2019
This paper develops a sufficient statistics approach for estimating the role of search frictions in wage dispersion and lifecycle wage growth. We show how the wage dynamics of displaced workers are directly informative of both for a large class of search models. Specifically, the correlation...
Persistent link: https://www.econbiz.de/10012022438
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Sufficient statistics for frictional wage dispersion and growth
Vejlin, Rune Majlund; Veramendi, Gregory - 2020
This paper develops a sufficient statistics approach for estimating the role of search frictions in wage dispersion and lifecycle wage growth. We show how the wage dynamics of displaced workers are directly informative of both for a large class of search models. Specifically, the correlation...
Persistent link: https://www.econbiz.de/10012319318
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Sufficient statistics for frictional wage dispersion and growth
Vejlin, Rune Majlund; Veramendi, Gregory - In: Quantitative economics : QE ; journal of the … 14 (2023) 3, pp. 935-979
This paper develops a sufficient statistics approach for estimating the role of search frictions in wage dispersion and life‐cycle wage growth. We show how the wage dynamics of displaced workers are directly informative of both for a large class of search models. Specifically, the correlation...
Persistent link: https://www.econbiz.de/10014362543
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Unemployment, Labor Market Transitions, and Residual Wage Dispersion
Fitzenberger, Bernd; Garloff, Alfred - 2018
It is commonplace in the debate on Germany's labor market problems to argue that high unemployment and low wage … dispersion are related. This paper analyses the relationship between unemployment and residual wage dispersion for individuals … unemployment. A competing view regards wage dispersion as the outcome of search frictions and the associated monopsony power of the …
Persistent link: https://www.econbiz.de/10014067266
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Some like it hot : assessing longer-term labor market benefits from a high-pressure economy
Hotchkiss, Julie L.; Moore, Robert E. - 2018
Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a …
Persistent link: https://www.econbiz.de/10011791237
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Wage losses and inequality in developing countries : labor market and distributional consequences of Covid-19 lockdowns in Turkey
Duman, Anil - 2020
We develop a possibility to work index (PWI) taking the ability to work from home and workplace closures into account. By using the data from the HLFS in Turkey, we examine the individual level determinants of PWI. Our findings reveal that PWI and ability to work from home are significantly...
Persistent link: https://www.econbiz.de/10012244360
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Biased expectations and labor market outcomes : evidence from German survey data and implications for the East-West wage gap
Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2023
search and matching model of the labor market. Removing the biases could substantially increase wages and expected lifetime …
Persistent link: https://www.econbiz.de/10014247564
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Wage Losses and Inequality in Developing Countries : Labor Market and Distributional Consequences of COVID-19 Lockdowns in Turkey
Duman, Anil - 2020
We develop a possibility to work index (PWI) taking the ability to work from home and workplace closures into account. By using the data from the HLFS in Turkey, we examine the individual level determinants of PWI. Our findings reveal that PWI and ability to work from home are significantly...
Persistent link: https://www.econbiz.de/10014095387
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Biased expectations and labor market outcomes : evidence from German survey data and implications for the East-West wage gap
Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2024
search and matching model of the labor market. Removing the biases could substantially increase wages and expected lifetime … Auswirkungen von Erwartungsfehlern auf das Arbeitsmarktgleichgewicht in einem Such- und Matching-Modell des Arbeitsmarktes. Eine …
Persistent link: https://www.econbiz.de/10014466945
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Capital deepening and wage differentials : Germany vs. US
Koeniger, Winfried (contributor);  … - 2006
Capital deepening may affect the evolution of the wage differential between skilled and unskilled workers differently in countries with different labor market institutions. If labor market institutions raise the relative wage of unskilled workers in Germany, firms have incentives to invest...
Persistent link: https://www.econbiz.de/10003304679