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This article studies the responses of real wages and labour market flows of immigrants in Spain for the period between ….85% drop in real wages for natives and immigrants, respectively. However, these differences only occur among low-tenure workers …
Persistent link: https://www.econbiz.de/10013252566
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on initial labour market outcomes including status, wages and employment stability, which persist over the subsequent ten …
Persistent link: https://www.econbiz.de/10009778459
We study the long-run effects of initial labor market conditions on wages for a large sample of male individuals … starting wages. This initial effect turns out to be quite persistent and even though wages do catch up later on, large effects … aggregate level are key to explain wages' adjustment process in the longer run. …
Persistent link: https://www.econbiz.de/10011343912
This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover their relative importance in driving cyclical...
Persistent link: https://www.econbiz.de/10013412799
This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover their relative importance in driving cyclical...
Persistent link: https://www.econbiz.de/10013390926
This chapter assesses how models with search frictions have shaped our understanding of aggregate labor market outcomes in two contexts: business cycle fluctuations and long-run (trend) changes. We first consolidate data on aggregate labor market outcomes for a large set of OECD countries. We...
Persistent link: https://www.econbiz.de/10014025126
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Central banks need to be concerned about wages since they are a major driver of inflation. Rising wages are needed to … expectations about inflation and future growth. Migration plays a significant role to balance wages across regions and countries …
Persistent link: https://www.econbiz.de/10012131008
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