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Evaluating the Economic Significance of Downward Nominal Wage Rigidity

Elsby, Michael W. - National Bureau of Economic Research (NBER) - 2006

results suggest that DNWR may not provide a strong argument against the targeting of low inflation rates, as practiced by many …

Persistent link: https://www.econbiz.de/10005714106

Does Inflation "Grease the Wheels of the Labor Market"?

Card, David E.; Hyslop, Dean - National Bureau of Economic Research (NBER) - 1996

If nominal wages are downward rigid, moderate levels of inflation may improve labor market efficiency by facilitating … experience nominally rigid wages in a 10- percent inflation environment. This proportion rises to over 15 percent at a 5 percent … higher-inflation environments. Using individual wage change data from two sources, we find that about 6-10 percent of workers …

Persistent link: https://www.econbiz.de/10005718579

Minimally Altruistic Wages and Unemployment in a Matching Model

Rotemberg, Julio - National Bureau of Economic Research (NBER) - 2008

monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and … for which the response of wages is modest relative to the response of employment, as appears to be the case in U.S. data …, for certain parameters, the model can explain both the standard deviations of employment and wages and the correlation …

Persistent link: https://www.econbiz.de/10005777587

Of Mice and Academics: Examining the Effect of Openness on Innovation

Murray, Fiona; Aghion, Philippe; Dewatripont, Mathias; … - National Bureau of Economic Research (NBER) - 2009

Scientific freedom and openness are hallmarks of academia: relative to their counterparts in industry, academics maintain discretion over their research agenda and allow others to build on their discoveries. This paper examines the relationship between openness and freedom, building on recent...

Persistent link: https://www.econbiz.de/10005778516

Monitoring Works: Getting Teachers to Come to School

Duflo, Esther; Hanna, Rema - National Bureau of Economic Research (NBER) - 2005

In the rural areas of developing countries, teacher absence is a widespread problem. This paper tests whether a simple incentive program based on teacher presence can reduce teacher absence, and whether it has the potential to lead to more teaching activities and better learning. In 60 informal...

Persistent link: https://www.econbiz.de/10005575063

Evaluating Labor Market Reforms: A General Equilibrium Approach

Alonso-Borrego, César; Fernandez-Villaverde, Jesus; … - National Bureau of Economic Research (NBER) - 2005

Job security provisions are commonly invoked to explain the high and persistent European unemployment rates. This belief has led several countries to reform their labor markets and liberalize the use of fixed-term contracts. Despite how common such contracts have become after deregulation, there...

Persistent link: https://www.econbiz.de/10005575239

Productivity Measurement and the Impact of Trade and Technology on Wages: Estimates for the U.S., 1972-1990

Feenstra, Robert C.; Hanson, Gordon - National Bureau of Economic Research (NBER) - 1997

We develop an empirical framework to assess the importance of trade and technical change on the wages of production and … outsourcing and expenditures on high-technology equipment can explain a substantial amount of the increase in the wages of …

Persistent link: https://www.econbiz.de/10005575444

Cross-Country Inequality Trends

Acemoglu, Daron - National Bureau of Economic Research (NBER) - 2002

The economics profession has made considerable progress in understanding the increase in wage inequality in the U.S. and the UK over the past several decades, but currently lacks a consensus on why inequality did not increase, or increased much less, in (continental) Europe over the same time...

Persistent link: https://www.econbiz.de/10005588986

Putting Behavioral Economics to Work: Testing for Gift Exchange in Labor Markets Using Field Experiments

list, john; Gneezy, Uri - National Bureau of Economic Research (NBER) - 2006

using the market-clearing wage rather than by trying to induce greater effort with a gift of higher wages. …

Persistent link: https://www.econbiz.de/10005034907

Measuring the Effects of Workloss on Productivity With Team Production

Nicholson, Sean; Pauly, Marc V.; Polsky, Daniel; … - National Bureau of Economic Research (NBER) - 2004

Using data from a survey of 800 managers in 12 industries, we find empirical support for the hypothesis that the cost associated with missed work varies across jobs according to the ease with which a manager can find a perfect replacement for the absent worker, the extent to which the worker...

Persistent link: https://www.econbiz.de/10005049886