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An efficiency-wage model with habit concerns about wages
Goerke, Laszlo - 2020
We analyse the implications of habit formation relating to wages in a multi-period efficiency-wage model. If employees have such preferences, their existence provides firms with incentives to raise wages and reduce employment over time. Greater intensity does not necessarily have the same...
Persistent link: https://www.econbiz.de/10012245105
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An efficiency-wage model with habit concerns about wages
Goerke, Laszlo - 2020
We analyse the implications of habit formation relating to wages in a multi-period efficiency-wage model. If employees have such preferences, their existence provides firms with incentives to raise wages and reduce employment over time. Greater intensity does not necessarily have the same...
Persistent link: https://www.econbiz.de/10012248856
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Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Vasilev, Aleksandar - 2018
We introduce "fair" wages in a general-equilibrium model where worker's effort is unobservable and investigate whether such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as documented in Lozev, Vladova, and Paskaleva (2011) and...
Persistent link: https://www.econbiz.de/10011974105
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An efficiency-wage model with habit concerns about wages
Goerke, Laszlo - 2020
We analyse the implications of habit formation relating to wages in a multi-period efficiency-wage model. If employees have such preferences, their existence provides firms with incentives to raise wages and reduce employment over time. Greater intensity does not necessarily have the same...
Persistent link: https://www.econbiz.de/10012241772
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Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Vasilev, Aleksandar - In: Národohospodářský obzor : časopis věnovaný … 20 (2020) 1, pp. 91-105
We introduce "fair" wages in a general-equilibrium model where worker's effort is unobservable and investigate whether such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as documented in Lozev, Vladova, and Paskaleva (2011) and...
Persistent link: https://www.econbiz.de/10012242326
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History dependence in wages and cyclical selection : evidence from Germany
Bauer, Anja; Lochner, Benjamin - 2019
Using administrative employer-employee data from Germany, we investigate the relationship between wages and past and present labor market conditions. Furthermore, we revisit recent findings of greater wage cyclicality of new hires. Overall, we find strong evidence for history dependent wages,...
Persistent link: https://www.econbiz.de/10012027613
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History dependence in wages and cyclical selection : evidence from Germany
Bauer, Anja; Lochner, Benjamin - 2017 - Draft: October 2017
Using employer-employee data from Germany, this paper analyzes the relationship between wages and past and contemporaneous labor market conditions. Specifically, we test the implications of implicit contract models (Beaudry and DiNardo, 1991) and an on-the-job search model (Hagedorn and...
Persistent link: https://www.econbiz.de/10011756338
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History dependence in wages and cyclical selection : evidence from Germany
Bauer, Anja; Lochner, Benjamin - 2016
, die gleichzeitig Arbeitgeber und Beruf wechseln, stärker auf den Konjunkturzyklus reagieren als Arbeitnehmer, die weder … Arbeitgeber noch Beruf wechseln. Wenn Arbeitnehmer beim gleichen Arbeitgeber in einen neuen Beruf wechseln oder aber im gleichen … Beruf bleiben und den Arbeitgeber wechseln, sind sie ähnlich reagibel wie wenn sie beim gleichen Arbeitgeber im gleichen …
Persistent link: https://www.econbiz.de/10011544266
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Concentration and other wage determinants
Martins, Ana Paula - 2018
This research presents evidence on how the impact of industry concentration and unionism affect the Portuguese wage levels. The influence of employer association is also considered. We use sector information - two-digit level disaggregation of "Classificação das Actividades Económicas" -, and...
Persistent link: https://www.econbiz.de/10011870141
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A wage policy for external balance and employment in EMU environment : a theoretical approach
Theodoropoulos, Sotirios - In: Spoudai : journal of economics and business 61 (2011) 3/4, pp. 85-102
Wage developments and related policies that determine labor markets functioning and wage formation processes, are key factors with central importance in EMU. Flexibility in labor markets functioning and wage-setting aiming to nominal and real wage flexibility, has been the most important policy...
Persistent link: https://www.econbiz.de/10010255273