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A reappraisal of the inflation-unemployment tradeoff
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2002
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to staggered wage contracts with time discounting), the...
Persistent link: https://www.econbiz.de/10011414902
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Families in macroeconomics
Doepke, Matthias; Tertilt, Michele - 2016
Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...
Persistent link: https://www.econbiz.de/10011454407
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Macroeconomic determinants of retirement timing
Gorodnichenko, Yuriy; Song, Jae; Stolyarov, Dmitriy - 2013
We analyze lifetime earnings histories of white males during 1960-2010 and categorize the labor force status of every worker as either working full-time, partially retired or fully retired. We find that the fraction of partially retired workers has risen dramatically (from virtually 0 to 15...
Persistent link: https://www.econbiz.de/10010221835
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Wages, productivity, and work intensity in the great depression
Darby, Julia; Hart, Robert A. - 2002
We show that U.S. manufacturing wages during the Great Depression were importantly determined by forces on firms …
Persistent link: https://www.econbiz.de/10011412413
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Does private schooling increase adult earnings? : cohort-level evidence for U.S. states
Berger, Reilee L.; Winters, John V. - 2016
Public schooling in the U.S. has numerous critics, many of whom suggest that alternatives such as providing vouchers for private schools may be more effective. This paper combines decennial census and American Community Survey data for various years to examine the relationship between...
Persistent link: https://www.econbiz.de/10011521168
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Labor market effects of US sick pay mandates
Pichler, Stefan; Ziebarth, Nicolas R. - 2016
market consequences. We use the Synthetic Control Group Method (SCGM) and the Quarterly Census of Employment and Wages (QCEW …) to estimate the causal effect of mandated sick leave on employment and wages. Our findings do not provide much evidence … that employment or wages were significantly affected by the mandates which typically allow employees to earn one hour of …
Persistent link: https://www.econbiz.de/10011455898
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All that glitters is not gold : wages and education for US immigrants
Bertoli, Simone; Stillman, Steven - 2019
percent of the variance in log wages for migrants with a given number of years of schooling is due to differences within …
Persistent link: https://www.econbiz.de/10011983303
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The labor market effects of refugee waves : reconciling conflicting results
Clemens, Michael A.; Hunt, Jennifer - 2017
An influential strand of research has tested for the effects of immigration on natives' wages and employment using …
Persistent link: https://www.econbiz.de/10011664509
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Fixed exchange-rate policy and real wage growth : quasi-experimental evidence
Andini, Corrado - 2014
Using Difference-in-Differences estimation and data from the European Community Household Panel, this paper suggests that the fixed exchange-rate policy adopted by Italy in the 1997-2000 period has reduced the real hourly wage growth of Italian fulltime workers with permanent contracts, on...
Persistent link: https://www.econbiz.de/10010457884
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Do workers benefit from resource booms in their home state? : evidence from the fracking era
Winters, John V.; Cai, Zhengyu; Maguire, Karen; … - 2019
Fracking innovations revolutionized the United States oil and gas industry and facilitated a boom in energy production in states with oil and gas resources. This paper examines effects of oil and gas booms within a state on individual employment and earnings. To account for endogenous migration...
Persistent link: https://www.econbiz.de/10012117023