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Häfke, Christian; Reiter, Michael - 2020

vacancy longevity for modeling and calibration, in particular regarding match cyclicality and wages. When calibrated to the …

Persistent link: https://www.econbiz.de/10012268078

Multiple credit constraints and timevarying macroeconomic dynamics

Ingholt, Marcus Mølbak - 2020

I explore the macroeconomic implications of borrowers facing both loan-to-value (LTV) and debt-service-to-income (DTI) limits, using an estimated DSGE model. I identify when each constraint dominated over the period 1984-2019: LTV constraints dominate in contractions, when house prices are...

Persistent link: https://www.econbiz.de/10012320328

Life-cycle wage growth and firm productivity in developed and developing economics

Holzheu, Kerstin; Munoz-Morales, Juan - 2025

Life-cycle wage growth rates vary significantly across countries. In this paper, we examine the role of the local distribution of firm productivity in shaping life-cycle wage profiles by introducing a random search model that disentangles the effects of firm productivity distribution, on-the-job...

Persistent link: https://www.econbiz.de/10015372540

Beveridgean unemployment gap

Michaillat, Pascal; Saez, Emmanuel - In: Journal of public economics plus 2 (2021), pp. 1-17

This paper develops a sufficient-statistic formula for the unemployment gap-the difference between the actual unemployment rate and the efficient unemployment rate. While lowering unemployment puts more people into work, it forces firms to post more vacancies and to devote more resources to...

Persistent link: https://www.econbiz.de/10012800439

Constraints or opportunities? : labor informality and public investment in shaping debt limits

Méndez-Vizcaíno, Juan Camilo; Moreno-Arias, Nicolás - 2023

This paper presents a comprehensive framework examining fiscal sustainabil- ity in developing economies. It integrates public capital, labor informality, and global liquidity shocks in a two-sector DSGE model for a small open economy, revealing their intricate interplay and nonlinear impact on...

Persistent link: https://www.econbiz.de/10014546231

The effect of labour tightness on wages at the regional level in Central Europe

Szabó, Lajos Tamás - In: Journal for labour market research 58 (2024) 1, pp. 1-23

I estimate the effect of tightness on wages in Hungary and Slovakia. The Mortensen Pissarides model predicts a positive … of tightness on wages, which is in line with the conclusion of the models. If tightness increase by 1 per cent than … ceteris paribus wages increase by roughly 0.2 per cent both in Hungary and Slovakia as well. …

Persistent link: https://www.econbiz.de/10015173438

Decomposition of co-worker wage gains

Boza, István; Ilyés, Virág - In: IZA Journal of Labor Economics 9 (2020) 1/8, pp. 1-31

We address the presence, magnitude, and composition of wage gains related to former co-workers and discuss the mechanisms that could explain their existence. Using Hungarian linked employer-employee administrative data and proxying actual co-workership with overlapping work histories, we show...

Persistent link: https://www.econbiz.de/10012391107

The career effects of labour market conditions at entry

Andrews, Dan; Deutscher, Nathan; Hambur, Jonathan; … - 2020

This paper explores the effects of labour market conditions at graduation on an individual's work‑life over the following decade. Australians graduating into a state and year with a 5 percentage point higher youth unemployment rate can expect to earn roughly 8 per cent less in their first year...

Persistent link: https://www.econbiz.de/10012251116

Wage reactions to regional and national unemployment

Blien, Uwe; Mutl, Jan; Phan thi Hong Van; Wolf, Katja - In: Regional science policy and practice : RSPP 16 (2024) 1, pp. 1-9

This paper analyses the entire wage effects of unemployment for an especially long observation period. In a three‐step approach, the wage reaction at the national level (wage‐setting curve or aggregate wage equation) is added to the reaction at the regional level (wage curve). Spatial models...

Persistent link: https://www.econbiz.de/10014516980

Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?

Vasilev, Aleksandar - In: Národohospodářský obzor : časopis věnovaný … 20 (2020) 1, pp. 91-105

We introduce "fair" wages in a general-equilibrium model where worker's effort is unobservable and investigate whether … internalize the effect that past wages have on the current effort level. We calibrate the model to Bulgarian data (1999-2016), and … quantify the effect of technological shocks on hours and wages in the theoretical setup. Overall, the calibrated model with …

Persistent link: https://www.econbiz.de/10012242326