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Job duration and inequality
Chen, Siyan; Desiderio, Saul - 2019
As suggested by recent empirical evidence, one of the causes behind the widespread rise of inequality experienced by OECD countries in the last few decades may have been the increased flexibility of labor markets. The authors explore this hypothesis through the analysis of a stock-flow...
Persistent link: https://www.econbiz.de/10012030461
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Gender Wage Discrimination, Effects on Monetary Policy and the Business Cycle
Valdivia, Joab - 2023
discrimination between men and women is related to differential labor costs. Unemployment women take on unpaid work at home due to a …
Persistent link: https://www.econbiz.de/10014254609
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Macroeconomic effects of gender discrimination
Neyer, Ulrike; Stempel, Daniel - 2019
This paper theoretically analyzes the macroeconomic effects of gender discrimination against women in the labor market … behavior on the firms' side. We find that, in steady state, this discrimination implies that women work inefficiently more in … leads to a discrimination-induced gender wage gap, lower wages for women and men, lower aggregate output, and lower welfare …
Persistent link: https://www.econbiz.de/10012062713
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The effects of gender discrimination in DSGE Models
Neyer, Ulrike; Stempel, Daniel - 2019
This paper theoretically analyzes the macroeconomic effects of gender discrimination against women in the labor market … behavior on the firms' side. We find that, in steady state, this discrimination implies that women work inefficiently more in … leads to a discrimination-induced gender wage gap, lower wages for women and men, lower ag-gregate output, and lower welfare …
Persistent link: https://www.econbiz.de/10012286250
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Equilibrium unemployment, job flows and inflation dynamics
Trigari, Antonella - 2004
In order to explain the joint fluctuations of output, inflation and the labor market, this paper first develops a general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price rigidities. Then, it estimates a set of structural parameters...
Persistent link: https://www.econbiz.de/10009636527
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Uniform and nonuniform staggering of wage contracts
Danziger, Leif - 2010
This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as well as for the markedly nonuniform staggering in others. In the model, short and long contracts as well as long contracts concluded in different periods are strategic...
Persistent link: https://www.econbiz.de/10010269942
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Uniform and nonuniform staggering of wage contracts
Danziger, Leif - 2010
This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as well as for the markedly nonuniform staggering in others. In the model, short and long contracts as well as long contracts concluded in different periods are strategic...
Persistent link: https://www.econbiz.de/10010270522
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Optimal monetary policy under downward nominal wage rigidity
Carlsson, Mikael; Westermark, Andreas - 2007
We develop a New Keynesian model with staggered price and wage setting where downward nominal wage rigidity (DNWR) arises endogenously through the wage bargaining institutions. It is shown that the optimal (discretionary) monetary policy response to changing economic conditions then becomes...
Persistent link: https://www.econbiz.de/10010320756
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Optimal Monetary Policy under Downward Nominal Wage Rigidity
Carlsson, Mikael; Westermark, Andreas - 2007
We develop a New Keynesian model with staggered price and wage setting where downward nominal wage rigidity (DNWR) arises endogenously through the wage bargaining institutions. It is shown that the optimal (discretionary) monetary policy response to changing economic conditions then becomes...
Persistent link: https://www.econbiz.de/10010321528
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Fixed wage contracts and monetary non-neutrality
Björklund, Maria; Carlsson, Mikael; Nordström Skans, Oskar - 2016
We study the importance of wage rigidities for the monetary policy transmission mechanism. Using uniquely rich micro data on Swedish wage negotiations, we isolate periods when the labor market is covered by fixed wage contracts. Importantly, negotiations are coordinated in time but their...
Persistent link: https://www.econbiz.de/10011542480