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Wage setting and unemployment : evidence from online job vacancy data

Faryna, Oleksandr; Pham, Tho; Talavera, Oleksandr; … - 2020

This paper examines the relationship between labour market conditions and wage dynamics by exploiting a unique dataset of 0.8 million online job vacancies. We find a weak trade-off between aggregated national-level wage inflation and unemployment. This link becomes more evident when wage...

Persistent link: https://www.econbiz.de/10012255418

Price, sales, and the business cycle : a time series principal component analysis

Borraz, Fernando; Livan, Giacomo; Rodríguez-Martínez, … - 2020

correlation and significance is achieved between employment variation and the first principal component, mostly in the second week …

Persistent link: https://www.econbiz.de/10012389529

Is unemployment on steroids in advanced economies?

Di Bella, Gabriel; Grigoli, Francesco; Ramirez, Francisco - 2018

Despite conventional macroeconomic theory is based on the idea that demand shocks can only have temporary effects on unemployment, several European economies display highly persistent unemployment dynamics. The theory of hysteresis challenges this view and points out that, under certain...

Persistent link: https://www.econbiz.de/10012130633

Beyond the added-worker and the discouraged-worker effects : the entitled-worker effect

Martín-Román, Ángel L. - 2020

This paper identifies and analyses a new effect related to the cyclical behavior of labor supply: the Entitled-Worker Effect (EWE). This effect is different from the well-known Added-Worker Effect (AWE) and Discouraged-Worker Effect (DWE). The EWE is a consequence of one of the most important...

Persistent link: https://www.econbiz.de/10012310881

Wage and employment cyclicalities at the establishment level

Merkl, Christian; Stüber, Heiko - 2023

Although the quantitative relationship between employment cyclicality and wage cyclicality is central for the dynamics … relationship between employment cyclicality and wage cyclicality at the establishment level. We use this micro-estimate as a …

Persistent link: https://www.econbiz.de/10014432211

Curtailment of economic activity and labor inequalities

Florio, Erminia; Kharazi, Aicha - 2022

hours worked, makes wages more volatile, and sustains wage inflation. The model also generates differential effects of the … business closure orders on productivity and the labor market in the US. The earning rates and hours responses to the crisis …

Persistent link: https://www.econbiz.de/10013365159

The short-term effect of COVID-19 on self-employed workers in Canada

Beland, Louis-Philippe; Fakorede, Oluwatobi; Mikola, Derek - 2020

decrease in ownership and aggregate hours for women, immi- grants and less educated over the same period. The industries with …

Persistent link: https://www.econbiz.de/10012239333

The post-crisis Phillips curve : a new empirical relationship between wage and inflation

Voinea, Liviu - 2019

In this paper we test a new empirical relationship between wage and inflation. We introduce the concept of a cumulative wage gap, meaning the cumulative gap between the current wage and a maximum peak wage value in the past. In a crisis, people relate to their peak gains in the immediate past....

Persistent link: https://www.econbiz.de/10012162969

Germany's labour market in Coronavirus distress : new challenges to safeguarding employment

Herzog-Stein, Alexander; Nüß, Patrick; Peede, Lennert; … - 2021

We analyse measures of internal flexibility taken to safeguard employment during the Coronavirus Crisis in comparison … to the Great Recession. Cyclical working-time reductions are again a major factor in safeguarding employment. Whereas … more than twice as large as that in May 2009. Furthermore, marginal employment is affected strongly but not protected by …

Persistent link: https://www.econbiz.de/10012512274

The effects of productivity and benefits on unemployment : breaking the link

Brown, Alessio J. G.; Kohlbrecher, Britta; Merkl, Christian - 2017

households' work incentives and the firms' employment incentives within the search process. …

Persistent link: https://www.econbiz.de/10012111816