Showing 1 - 10 of 40
This paper reviews evidence from 44 middle income countries on how the recent financial crisis affected jobs and workers' income. In addition to providing a rare assessment of the magnitude of the impact across several middle-income countries, the paper describes how labor markets adjusted and...
Persistent link: https://www.econbiz.de/10013120422
We present evidence about the role of rent sharing in fostering the interdependence of labour markets around the world. Our results draw on a firm-level panel of more than 2,000 multinationals and more than 5,000 of their affiliates, covering 47 home and host countries. We find considerable...
Persistent link: https://www.econbiz.de/10013136491
For more than 80 years, many macroeconomic analyses have been premised on the assumption that workers' nominal wage … measurement of frequent wage cuts might be an artifact of reporting error. This article summarizes a more recent wave of studies … based on more accurate wage data from payroll records and pay slips. By and large, these studies indicate that, except in …
Persistent link: https://www.econbiz.de/10012870447
The gender wage gap varies widely across countries and across skill groups within countries. Interestingly, there is a … positive cross-country correlation between the unskilled-to-skilled gender wage gap and the corresponding gap in hours worked … women tend to be over-represented in this sector, we expect unskilled women to suffer a relatively large wage and …
Persistent link: https://www.econbiz.de/10013120831
This paper analyses the impact of the business cycle on labour market dynamics in EU member states and the US during the first decade of the 21st century. Using unique measures of labour market flows constructed from worker-level micro data, we examine to what extent macro shocks were...
Persistent link: https://www.econbiz.de/10012922444
potential for wage-push inflation. However, real wages are falling rapidly at present and, prior to that, real wages had been … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn t been since … not working significantly reduce wage pressures in the United States. This finding holds in panel data with state and year …
Persistent link: https://www.econbiz.de/10014078744
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10012840446
Economists have concerns about the firing cost implications of mandated severance plans. Analysis reveals that predicted severance plan consequences depend critically on the precise structure of the plan. Whether governments mandate (i) severance insurance plans or (ii) severance savings plans...
Persistent link: https://www.econbiz.de/10013141753
This paper investigates the long-term implications of climate change on local, interregional, and international migration of workers. For nearly all of the world's countries, our micro-founded model jointly endogenizes the effects of changing temperature and sea level on income distribution and...
Persistent link: https://www.econbiz.de/10012862463
Micro-level studies provide insightful knowledge on the drivers of the labor income share. This paper introduces a novel firm-level dataset on the labor income share. Using the World Bank Enterprise Survey data, we put together an unbalanced panel comprising 146,666 firms from 139 countries and...
Persistent link: https://www.econbiz.de/10012844819