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The paper estimates how wages respond to changes in regional unemployment using detailed Swedish micro data. The study … changes in regional unemployment. Accounting for the fluctuations in composition of the employees is important for the … estimated elasticity of wages. Wage adjustments are larger for employees with high unemployment risk and for new hires entering …
Persistent link: https://www.econbiz.de/10011973148
We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working time and earnings by about 4.5% up to twelve years after...
Persistent link: https://www.econbiz.de/10010488823
In the past decades unemployment in the Netherlands has gone down substantially. The main suspects responsible for this … unemployment rate in the Netherlands has increased somewhat. However, since the huge decline in unemployment was due to structural … improvements in the functioning of the labor market there is not a lot of reason to worry about the recent rise in unemployment …
Persistent link: https://www.econbiz.de/10011507711
This paper explores the existence of downward real wage rigidity (DRWR) in 19 OECD countries, over the period 1973-1999, using data for hourly nominal earnings at the industry level. Based on a nonparametric statistical method, which allows for country- and year-specific variation in both the...
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unemployment when taking place in industries characterized by low skilled wage rigidity. Thus, in terms of unemployment, not …
Persistent link: https://www.econbiz.de/10011373516
This paper adds two-sided ex-ante heterogeneity and a production technology inducing sorting to the canonical Diamond-Mortensen-Pissarides (DMP) search and matching model. Ex-ante heterogeneity and sorting have important implications for the dynamic properties of the model. The modifications...
Persistent link: https://www.econbiz.de/10011280707