Showing 1 - 10 of 503
generosity of long-term unemployment benefits. We propose a model with different unemployment durations, where the reform …’s steady state unemployment and that partial and equilibrium effect were nearly of equal importance. In addition, we provide …
Persistent link: https://www.econbiz.de/10013239563
the wage spectrum. At moderate and high AI capabilities, 17% and 36% of skills are exposed on average, and up to 45% in … the highest wage quartile. Examining complementary versus substitution, we model the impact on side versus core … simpler than core skills. However, as AI capabilities advance, core skills in lower-wage jobs become exposed, threatening …
Persistent link: https://www.econbiz.de/10015165432
This paper explores the relationship between the duration of a vacancy and the starting wage of a new job, using … workers eventually filling the vacancies. We find that vacancy durations are negatively correlated with the starting wage and … that this negative association is particularly strong with the establishment component of the starting wage. We also …
Persistent link: https://www.econbiz.de/10012892235
transitions between labor status or jobs, whereas for those at the top, earnings changes are mainly induced by wage rate growth …
Persistent link: https://www.econbiz.de/10013224084
, search for employers, and residual wage shocks to account for these life cycle wage dynamics. We highlight the importance of … largest part of life cycle wage dynamics. It accounts for 50% of average wage growth, 50% of rising differences between gender …
Persistent link: https://www.econbiz.de/10012897647
We document substantial cross-sectional heterogeneity of German establishments’ real wage cyclicality over the business … wages. We estimate a negative connection between establishments’ wage cyclicality and their employment cyclicality, thereby …
Persistent link: https://www.econbiz.de/10013212779
Labor markets are characterized by large heterogeneity in job stability. Some workers hold lifetime jobs, whereas others cycle repeatedly in and out of employment. This paper explores the economic consequences of such heterogeneity. Using Survey of Consumer Finances (SCF) data, we document a...
Persistent link: https://www.econbiz.de/10013314915
This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover their relative importance in driving cyclical...
Persistent link: https://www.econbiz.de/10014243686
This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover their relative importance in driving cyclical...
Persistent link: https://www.econbiz.de/10013470249
-2019 period, we use Bayesian Model Averaging and quantile regression to assess notably the relevance of unemployment and earnings …. Moreover, one percentage point increase in the difference in the unemployment rate is associated with an increase in net …
Persistent link: https://www.econbiz.de/10014290041