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wages. Often, the effect is predicted to be negative. Despite the popularity of these theories, this has never been tested …. We perform tests with matched worker-firm data. The worker data are informative on individual wages and labor market … transitions, and this allows for estimation of the degree of search frictions. The firm data are informative on labor productivity …
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workers' age, wages, and productivity. Our analysis uncovers an inverse U-shaped relationship. While some wage adjustments … alignment between wages and productivity throughout workers' careers. …
Persistent link: https://www.econbiz.de/10015333106
Sectoral expansions and contractions cause labor reallocation out of declining industries and into booming industries. Which types of workers gain and lose from these transitions? Using linked employer-employee panel data from Brazil spanning boom-bust cycles in its oil sector, we compare oil...
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an increase in wages. Offshoring is negatively related to the prevalence of wage markups. This also holds for the …
Persistent link: https://www.econbiz.de/10014233431
During the last decade The Netherlands witnessed an increase in the pace of job creation and job destruction. A sensitivity analysis using an empirical model of labour market flows shows thatthe congestion in the matching process due to the increase in the pace of job creation and destruction...
Persistent link: https://www.econbiz.de/10010336861
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A major aim of recent empirical modelling of the business cycle isto identify the relative importance of aggregate supply and demandshocks. Supply or technology shocks are associated with permanent(structural) effects on economic activity whereas demand shocks arerelated to temporary (cyclical)...
Persistent link: https://www.econbiz.de/10010336862