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Aaronson, Daniel - Federal Reserve Bank of Chicago - 1997

A textbook consequence of competitive markets is that an industry-wide increase in the price of inputs will be passed on to consumers through an increase in prices. This fundamental implication has been explored by researchers interested in who bears the burden of taxation and exchange rate...

Persistent link: https://www.econbiz.de/10005519108

Wage differentials for temporary services work: evidence from administrative data

Segal, Lewis M.; Sullivan, Daniel G. - Federal Reserve Bank of Chicago - 1998

controlling for differences between temps and other workers. Comparing temp wages immediately before and after temp work or to the … wages on non-temp jobs begun during the same period as workers were in the temp industry yields estimates of the temp work …

Persistent link: https://www.econbiz.de/10005519997

The mis-measurement of permanent earnings: new evidence from Social Security earnings data

Mazumder, Bhashkar - Federal Reserve Bank of Chicago - 2001

This study investigates the reliability of using short-term averages of earnings as a proxy for permanent earnings in empirical research. An earnings dynamics model is estimated on a large sample of men covering the period from 1983 to 1997 following the cohort-based methodology of Baker and...

Persistent link: https://www.econbiz.de/10005520003

The labor supply response to (mismeasured but) predictable wage changes

French, Eric - Federal Reserve Bank of Chicago - 2000

error and for measurement error that is correlated with true hours and wages. I find almost no correlation between hours …

Persistent link: https://www.econbiz.de/10005520006

Characterizations in a random record model with a non-identically distributed initial record

Barlevy, Gadi; Nagaraja, H. N. - Federal Reserve Bank of Chicago - 2005

We consider a sequence of random length M of independent absolutely continuous observations Xi, 1 = i = M, where M is geometric, X1 has cdf G, and Xi, i = 2, have cdf F. Let N be the number of upper records and Rn, n = 1, be the nth record value. We show that N is free of F if and only if G(x) =...

Persistent link: https://www.econbiz.de/10005520007

Fiscal shocks in an efficiency wage model

Burnside, Craig; Eichenbaum, Martin; Fisher, Jonas D.M. - Federal Reserve Bank of Chicago - 1999

worked and real wages to a fiscal policy shock. The fiscal policy shock is identified with the dynamic response of government … - tax real wages respond to a fiscal policy shock. In this paper we show that this failure extends to a class of business … cycle models in which the labor is characterized by efficiency wages. …

Persistent link: https://www.econbiz.de/10005520012

Product market evidence on the employment effects of the minimum wage

Aaronson, Daniel; French, Eric - Federal Reserve Bank of Chicago - 2003

We calibrate a model of labor demand to infer the employment response to a change in the minimum wage in the food away from home industry. Assuming a perfectly competitive labor market, the model predicts a 2.5 to 3.5 percent fall in employment in response to a 10 percent minimum wage change. We...

Persistent link: https://www.econbiz.de/10005520014

The minimum wage and restaurant prices

Aaronson, Daniel; French, Eric; MacDonald, James - Federal Reserve Bank of Chicago - 2004

Using both store-level and aggregated price data from the food away from home component of the Consumer Price Index survey, we show that restaurant prices rise in response to an increase in the minimum wage. These results hold up when using several different sources of variation in the data. We...

Persistent link: https://www.econbiz.de/10005520042

The effects of progressive taxation on labor supply when hours and wages are jointly determined

Aaronson, Daniel; French, Eric - Federal Reserve Bank of Chicago - 2002

determination of hourly wages and hours worked. We show, qualitatively and quantitatively, that these two factors have important …

Persistent link: https://www.econbiz.de/10005520045

How do retail prices react to minimum wage increases?

MacDonald, James M.; Aaronson, Daniel - Federal Reserve Bank of Chicago - 2000

Persistent link: https://www.econbiz.de/10005520048