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Real wages over the business cycle: OECD evidence from the time and frequency domains

Messina, Julián; Strozzi, Chiara; Turunen, Jarkko - 2008

We study differences in the adjustment of aggregate real wages in the manufacturing sector over the business cycle across OECD countries, combining results from different data and dynamic methods. Summary measures of cyclicality show genuine cross-country heterogeneity even after controlling for...

Persistent link: https://www.econbiz.de/10010275887

Inflation Adjustment and Labour Market Structures : Evidence from a Multi-Country Study

Nunziata, Luca; Bowdler, Christopher - 2005

An empirical analysis of the impact of labour market structures on the response of inflation to macroeconomic shocks is … presented. Results based on a 20 country panel show that if labour market coordination is high, the effect on inflation of … inflation to its reduced form determinants. These findings are attributed to the behaviour of wages following movements in …

Persistent link: https://www.econbiz.de/10010262222

The welfare impact of price changes on household welfare and inequality 1999-2010

Loughrey, Jason; O'Donoghue, Cathal - 2011

This paper provides a single welfare measure to show the effects of consumer price changes upon households in Ireland … component using the Atkinson Social Welfare Function. The efficiency component includes the behavioural response to price … of households in response to price changes in most years. …

Persistent link: https://www.econbiz.de/10010278686

The Welfare Impact of Price Changes on Household Welfare and Inequality 1999-2010

Loughrey, Jason; O'Donoghue, Cathal - Institute for the Study of Labor (IZA) - 2011

Persistent link: https://www.econbiz.de/10009024603

Minimum wages, labor market institutions, and female employment and unemployment: A cross-country analysis

Addison, John T.; Ozturk, Orgul Demet - 2010

This paper estimates the effect of minimum wage regulation in 16 OECD countries, 1970-2008. Our treatment is motivated by Neumark and Wascher's (2004) seminal cross-country study using panel methods to estimate minimum wage effects among teenagers and young adults. Apart from the longer time...

Persistent link: https://www.econbiz.de/10010274565

A general model of technical change with an application to the OECD countries

Heshmati, Almas; Kumbhakar, Subal C. - 2011

In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...

Persistent link: https://www.econbiz.de/10010280731

Deaths Rise in Good Economic Times: Evidence From the OECD

Gerdtham, Ulf-G.; Ruhm, Christopher J. - 2003

This study uses aggregate data for 23 OECD countries over the 1960-1997 period to examine the relationship between macroeconomic conditions and fatalities. The main finding is that total mortality and deaths from several common causes increase when labor markets strengthen. For instance,...

Persistent link: https://www.econbiz.de/10010262242

What should be done about rising unemployment in the OECD?

Bell, David N.F.; Blanchflower, David G. - 2009

There is a growing belief that the recession has run its course and that the goods market has started a period of slow, but sustainable, recovery. Improvement in the labor market may take some time, but many believe that unemployment will return to its 2007 level in the medium term. In this...

Persistent link: https://www.econbiz.de/10010271325

The crisis, policy reactions and attitudes to globalization and jobs

Bell, David N. F.; Blanchflower, David G. - 2011

We consider the effects of the financial crisis and subsequent recession on world labour markets. It begins by cataloguing the adverse effects on output of the sudden collapse in demand brought about by the financial crisis in what has come to be called the Great Recession. Next we look at the...

Persistent link: https://www.econbiz.de/10010278612

Short-time work benefits revisited: Some lessons from the Great Recession

Boeri, Tito; Brücker, Herbert - 2011

The Great Recession triggered a resurgence of short-time work (STW) throughout the OECD. Several countries introduced from scratch STW or significantly expanded the scope of the programmes already in place. In some countries like Italy, Japan and Germany between 2.5 and 5 per cent of the...

Persistent link: https://www.econbiz.de/10010278816