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Inspite of the centralized nature of wage bargaining in Italy, we find some evidence suggesting the existence of firm … individual wages throughout the whole distribution increase as average firm wages increases, but the spread increases too. Firm … of average change in wages. Worker-based statistics, on the other side, show that relative changes in individual wages …
Persistent link: https://www.econbiz.de/10012760186
Italy that combines Social Security earnings records for employees with detailed financial information for employers to … strong evidence of rent-sharing, with a "Lester range" of variation in wages between profitable and unprofitable firms of …
Persistent link: https://www.econbiz.de/10013140998
's theoretical framework: (i) wages are higher in states with more generous unemployment benefits, (ii) the perceived probability of …
Persistent link: https://www.econbiz.de/10013222071
This paper, which follows in an LSE tradition begun by Phillips and Sargan, examines the role of unemployment in shaping pay. In contrast to most of the literature, it 1) uses microeconometric data on individuals and workplaces 2) examines a variety of data sets as a check on the robustness of...
Persistent link: https://www.econbiz.de/10013240636
Following Phillip's original work on the UK, applied research on unemployment and wages has been dominated by the … Curve, no autoregression is found in wages. The paper casts doubt on standard ideas in macroeconomics, regional economics …
Persistent link: https://www.econbiz.de/10013308480
This paper explores a model of wage adjustment based on the assumption that information disseminates slowly throughout the population of wage setters. This informational frictional yields interesting and plausible dynamics for employment and inflation in response to exogenous movements in...
Persistent link: https://www.econbiz.de/10013219284
try to prevent a cut in nominal wages. If inflation is so low that some nominal wages have to be cut, the strategic …
Persistent link: https://www.econbiz.de/10013237923
. The value of nonemployment is therefore a key determinant of wages. We measure the wage effect of changes in the value of … large reforms of unemployment insurance (UI) benefit levels in Austria. We document that wages are insensitive to UI benefit … sensitivities larger than $0.03. The insensitivity holds even among workers with low wages and high predicted unemployment duration …
Persistent link: https://www.econbiz.de/10012908465
earnings by the entire nominal employer share of the tax increase. If wages play a motivational role but the market still … clears, the range of possible outcomes is broader but wages should still not rise if the tax is nominally divided 50/50. In … effects of wages are important but cannot clearly distinguish between the efficiency wage and market-clearing versions of …
Persistent link: https://www.econbiz.de/10013218401
relationships, payment of efficiency wages, the relative response of wages and employment to business cycle shocks, and the …
Persistent link: https://www.econbiz.de/10013218808