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Do labour institutions influence how wages respond to the business cycle? Such responsiveness can then shape several …
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We examine the pattern and costs of worker displacement in one of the more reform-oriented transition countries, Estonia, as the transition process develops. Using Labour Force Survey data covering the period 1989-1999, we show that after the initial shock, displacement rates in Estonia have...
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controlled for there is a further pervasive source of bias, namely the co-movement of firm employment and firm wages. In a simple … aggregate or firm level) to firm's employment and wages cause downward bias in OLS regression estimates of RTT. We show that the … between 3.5% and 4.5% of wages at 20 years of tenure - over 80% (50%) of the estimated RTT level itself. The results extend to …
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adjustment in the Russian transition process has been the delayed receipt of wages. More than half the workforce is experiencing … firm not paying wages in full or on time if the outside labor market is sufficiently dynamic. …
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firms, and multiple asymmetric regions. Wages, productivity, consumption diversity, and markups across firms and markets are …
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