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. We show that firms were able to respond to the Great Recession with substantial real wage cuts and by recruiting more …
Persistent link: https://www.econbiz.de/10011761531
. We show that firms were able to respond to the Great Recession with substantial real wage cuts and by recruiting more …
Persistent link: https://www.econbiz.de/10012929264
. We show that UK firms were able to respond to the Great Recession with substantial real wage cuts and by recruiting more … substantially procyclical, while hours of job stayers were nearly constant. We conclude that there is little evidence of real wage …
Persistent link: https://www.econbiz.de/10012952096
of reporting error and cover the entire population of workers, we find a substantial degree of downward nominal wage … flexibility in Ireland in the pre-crisis period. Furthermore, we observe a significant change in wage dynamics since the crisis … began. It was only after the peak crisis period that pay freezes became a feature of the Irish wage change distribution. …
Persistent link: https://www.econbiz.de/10011417244
There is considerable debate about the role of wage rigidity in explaining unemployment. Despite a large body of … empirical work, no consensus has emerged on the extent of wage rigidity. Previous attempts to empirically examine wage rigidity … have been hampered by small samples and measurement error. In this paper we examine nominal wage flexibility in Ireland …
Persistent link: https://www.econbiz.de/10010223423
There is considerable debate about the role of wage rigidity in explaining unemployment. Despite a large body of … empirical work, no consensus has emerged on the extent of wage rigidity. Previous attempts to empirically examine wage rigidity … have been hampered by small samples and measurement error. In this paper we examine nominal wage flexibility in Ireland …
Persistent link: https://www.econbiz.de/10013071751
SILC panels to control for composition effects, we estimate the elasticities of real wage growth to unemployment increases … most of the stagnation or increase in the average wage observed in some countries from 2008 to 2011. In contrast, at a … nominal wage rigidity during the Great recession in most countries in our sample. …
Persistent link: https://www.econbiz.de/10011386663
Are there long-term labor consequences in migrating to the US during a recession? For most immigrants, credibly estimating this effect is difficult because of selective migration. Some immigrants may not move if economic conditions are not favorable. However, identification is possible for...
Persistent link: https://www.econbiz.de/10012415890
The unemployed in the United States appear to allocate time to job search activities regardless of the stance of the economy. Drawing on the American Time Use Survey between 2003 and 2014, I document that the unemployed increase their search intensity only slightly if at all during recessions....
Persistent link: https://www.econbiz.de/10011894127
The COVID-19 pandemic and the resulting lockdown policies have disproportionately affected workers at the bottom of the income distribution, thus widening the earnings gap between the top and the bottom percentiles of workers. In this paper, we examine how changes in the labor market due to the...
Persistent link: https://www.econbiz.de/10012827553