Showing 1 - 10 of 57
a speech before the Greater Omaha Chamber of Commerce, Omaha, Nebraska
Persistent link: https://www.econbiz.de/10010725350
Persistent link: https://www.econbiz.de/10010727519
Persistent link: https://www.econbiz.de/10005526395
This paper studies variation in individual labor income over time using a panel vector autoregression (PVAR) in income, the wage rate, hours of work, and hours of unemployment. The framework is used to investigate how much of the residual variation in labor income is due to residual variation in...
Persistent link: https://www.econbiz.de/10004965406
heterogeneity, job-specific error components in both wages and hours, and measurement error. We use the model to address a number of … important questions in labor economics, including the source of the experience profile of wages, the response of job changes to …-specific error components in wages and hours. …
Persistent link: https://www.econbiz.de/10004965411
This paper establishes a new empirical finding: the degree of labor intensity and the degree of price flexibility are negatively correlated across industrial sectors. I model this in an economy with staggered nominal wage contracts and production sectors that differ in labor and capital...
Persistent link: https://www.econbiz.de/10004965415
Persistent link: https://www.econbiz.de/10008465746
rely on a high intertemporal labor supply elasticity or elastic supply of capital: our preference specification is standard … analysis highlights the importance of the income elasticity of money demand in accounting for output persistence. …
Persistent link: https://www.econbiz.de/10005368194
the special case in which prices are sticky and wages are perfectly flexible. When the model is calibrated to exhibit an …
Persistent link: https://www.econbiz.de/10005368225
This paper develops a simple framework for examining human capital accumulation, unemployment, and relative wages in a …
Persistent link: https://www.econbiz.de/10005368256