Search Results - subject_exact:"Lohnrigidität"

Wage dynamics, unemployment, and inflation: enhancing 4gm semi-structural model

Ramos-Veloza, Mario A.; Naranjo-Saldarriaga, Sara; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617555

Distributive conflict and wage formation in Germany : a Kaleckian perspective on nominal wages and demand (1990-2024)

Boughabi, Houssam - 2026

This paper investigates the interplay between distributive conflict, wage dynamics, and persistent unemployment within a Kaleckian framework, emphasizing the long-memory properties of wages. We develop a stochastic model in which wages adjust adaptively to cumulative historical discrepancies...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015611413

Credit supply, firms, and earnings inequality

Moser, Christian; Saidi, Farzad; Wirth, Benjamin; … - 2026

We study the distributional consequences of monetary policy-induced credit supply in the German labor market. Firms in relationships with banks that are more exposed to the introduction of negative interest rates in 2014 experience a relative contraction in credit supply, associated with lower...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639810

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Credit supply, firms, and earnings inequality

Moser, Christian; Saidi, Farzad; Wirth, Benjamin; … - 2026

Book / Working Paper

The macroeconomics of wage rigidity and job separations

Blanco, Andrés; Drenik, Andres; Moser, Christian; … - 2026

We study the macroeconomic implications of wage-rigidity-induced job separations in an equilibrium labor market model with four features: worker productivity shocks, staggered wage contracts, search frictions, and two-sided lack of commitment. Endogenous quits and layoffs are unilaterally...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641760

Micro and macro cost-price dynamics in normal times and during inflation surges

Gagliardone, Luca; Gertler, Mark; Lenzu, Simone; … - 2026

We develop a unified approach to studying cost-price dynamics in the cross-section of firms in order to jointly explain the time series of aggregate inflation and the frequency of price changes, both during normal times and inflation surges. A key novelty is the use of microdata on firms' prices...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644221

Macroeconomic policies for AI

Fornaro, Luca; Wolf, Martin - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656561

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Macroeconomic policies for AI

Fornaro, Luca; Wolf, Martin - 2026

Book / Working Paper

Macroeconomic policies for AI

Fornaro, Luca; Wolf, Martin - 2026

Book / Working Paper

Separations revisited : do layoffs or quits drive lower separation rates in high-quality firms?

Castro Dobbin, Cauê de; Fernandez, Daniel; Zohar, Tom - 2026

We challenge the view that the negative correlation between firm quality and separation rates reflects efficient separations. Using Brazilian administrative data, we show that this correlation is driven by lower layoff rates at high-quality firms, not differences in quits. We develop a job...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015650737

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Separations revisited : do layoffs or quits drive lower separation rates in high-quality firms?

Castro Dobbin, Cauê de; Fernandez, Daniel; Zohar, Tom - 2026

Book / Working Paper

Separations Revisited : Do Layoffs or Quits Drive Lower Separation Rates in High-Quality Firms?

Castro Dobbin, Cauê de; Fernandez, Daniel; Zohar, Tom - 2026

Book / Working Paper

Separations revisited : do layoffs or quits drive lower separation rates in high-quality firms?

Castro Dobbin, Cauê de; Fernandez, Daniel; Zohar, Tom - 2025

Book / Working Paper

The emergence of wage-price spirals : implications for monetary policy response

Boymatova, Mushtariy - 2026

This paper examines the interaction between nominal wage dynamics and consumer price inflation in Uzbekistan, with the aim of assessing the risk of wage-price spirals in an emerging market context. Using quarterly data covering the period from 2007 to 2025, the analysis investigates whether wage...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015637319

Labour market flows, unemployment and the Phillips curve

Kharroubi, Enisse; Koechlin, Marius - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015668208

Wage flexibility and macroeconomic stability : insights from an upgraded tank model

Bojovic, Veljko; Ellis, Natascha - 2026

What are the effects of a higher degree of wage flexibility on macroeconomic stability? Recently, renewed interest in this classic question has emerged in the heterogeneous-household literature. In a standard two-agent New Keynesian (TANK) model proposed in Diz et al. (2023), hand-to-mouth...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656208

Domino effects : understanding sectoral reallocation and its wage implications

Lorentzen, Linnea - 2026

This paper studies how the 2014 collapse in Brent Crude Oil prices propagated through the Norwegian labor market via worker reallocation. Using Norwegian panel data, I show that workers in non-tradable sectors more exposed to inflows of displaced oil workers experienced significant earnings...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015676382

Wage-setting constraints and firm responses to demand shocks

Bhuller, Manudeep; Delgado-Prieto, Lukas; Hermo, Santiago; … - 2026 - This Version: June 2026

This paper investigates how institutional wage-setting constraints, such as a national minimum wage or collectively bargained wages, affect firm responses to demand shocks. We develop a framework to interpret heterogeneous shock responses that depend on the constraints firms face, and provide...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015676430

Real wage growth in Papua New Guinea over three decades

Blunch, Niels-Hugo; Davies, Martin - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015135119

Why firms lay off workers instead of cutting wages : evidence from linked survey-administrative data

Bertheau, Antoine; Kudlyak, Marianna; Larsen, Birthe; … - 2025

We use a novel large-scale survey of firms, implemented in Denmark in 2021 and linked to administrative data, to study why firms lay off workers instead of cutting wages. Our questions on layoffs, wage cuts, and the link between them provide new insights into firms' strategies for adjusting...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015199841

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Why firms lay off workers instead of cutting wages : evidence from linked survey-administrative data

Bertheau, Antoine; Kudlyak, Marianna; Larsen, Birthe; … - 2025 - Version: February 7, 2025

Edition: Version: February 7, 2025

Book / Working Paper

Why firms lay off workers instead of cutting wages : evidence from linked survey-administrative data

Bertheau, Antoine; Kudlyak, Marianna; Larsen, Birthe; … - 2025

Book / Working Paper

Why firms lay off workers instead of cutting wages: evidence from linked survey-administrative data

Bertheau, Antoine; Kudlyak, Marianna; Larsen, Birthe; … - 2025

Book / Working Paper

Why firms lay off workers instead of cutting wages : evidence from linked survey-administrative data

Bertheau, Antoine; Kudlyak, Marianna; Larsen, Birthe; … - 2025

Book / Working Paper

Supply shocks, employment gap, and monetary policy

Kurozumi, Takushi; Van Zandweghe, Willem - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580783

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Supply shocks, employment gap, and monetary policy

Kurozumi, Takushi; Van Zandweghe, Willem - 2025

Book / Working Paper

Labor market effects of global supply chain disruptions

Ulate, Mauricio; Vasquez, Jose; Zarate, Roman D. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015560624

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Labor market effects of global supply chain disruptions

Ulate, Mauricio; Vasquez, Jose; Zarate, Roman D. - 2025

Book / Working Paper

Labor market effects of global supply chain disruptions

Ulate, Mauricio; Vasquez, Jose; Zarate, Roman D. - 2023

Book / Working Paper

Labor market effects of global supply chain disruptions

Ulate, Mauricio; Vasquez, Jose; Zarate, Roman D. - 2023

Book / Working Paper

Labor market effects of global supply chain disruptions

Ulate, Mauricio; Vasquez, Jose; Zarate, Roman D - 2023

Book / Working Paper

Anatomy of wage rigidity in China : lessons from the global financial crisis for post-pandemic recovery

Ding, Jian; Zhou, Yixiao - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015192397

Rigid yet resilient : firms' margins of adjustment to demand shocks in regulated labour markets

Lucifora, Claudio; Origo, Federica - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015405275

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Rigid yet resilient : firms' margins of adjustment to demand shocks in regulated labour markets

Lucifora, Claudio; Origo, Federica - 2025

Book / Working Paper

Labor demand responses to payroll taxes in an economy with wage rigidity: evidence from Colombia

Becerra, Oscar; Morales, Leonardo Fabio - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015326113

Endogenous labor supply in an estimated New-Keynesian model : nominal versus real rigidities

Cairó, Isabel; Chung, Hess; Ferrante, Francesco; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015326360

Hand-to-Mouth households in the Eurosystem and the transmission of monetary Policy

Akarsu, Okan; Aktuğ, Emrehan; Küçükbayrak, Müşerref - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015423991

Recession shapes of regional evolution : factors of hysteresis

Ahn, Hie Joo; Eo, Yunjong - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015470733

The house price channel of quantitative easing

Seidl, Hannah Magdalena - 2025

I study the transmission mechanism of Quantitative Easing (QE) in the form of large-scale asset purchases in the mortgage market to aggregate consumption. To this end, I develop a New Keynesian model that features heterogeneous households, a microfounded housing market, and frictional...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015451846

Three wages and two prices

Pencavel, John H. - 2025

Using annual observations on U.S. non-farm workers from the late 1940s to 2019, descriptions of the movements of nominal wages, real consumption wages, and real product wages are reported. The prices faced by consumer workers and the prices faced by owner-managers move differently. Variables...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015436819

Firms' pass-through dynamics : a survey approach

Gödl-Hanisch, Isabel; Menkhoff, Manuel - 2025 - This version: August 2025

This paper uses a new survey approach to empirically characterize firm-level passthrough dynamics and explores them in a price-setting model. We directly elicit price pass-through of cost shocks in the field and survey experiments. We find gradual pass-through due to infrequent adjustments...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015439156

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Firms' pass-through dynamics : a survey approach

Gödl-Hanisch, Isabel; Menkhoff, Manuel - 2023

Book / Working Paper

Trade wars, nominal rigidities, and monetary policy

Auray, Stéphane; Devereux, Michael B.; Eyquem, Aurélien - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015458904

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Trade Wars, Nominal Rigidities and Monetary Policy

Auray, Stéphane; Devereux, Michael B.; Eyquem, Aurélien - 2023

Book / Working Paper

Contractual minimum wages and collective bargaining : Italian evidence from forty years of data

Fanfani, Bernardo - 2025

This study documents the evolution of minimum wages bargained in Italian private sector collective contracts over a forty-year period (1983-2023). Minimum wages have grown in real levels over the last three decades, particularly among high-skilled occupations, but this growth has been partially...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015441561

Bonus question : how does flexible incentive pay affect unemployment dynamics?

Gaur, Meghana; Grigsby, John; Hazell, Jonathon; Ndiaye, … - 2025 - Original version: August 2024, this version: October 2025

We introduce dynamic incentive contracts into a model of unemployment fluctuations. Our main result is that wage cyclicality from incentives does not affect the response of unemployment to productivity shocks. The response of unemployment is the same, to a first order, in two economies: one with...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015608371

Demand-side real rigidities revisited

Shirota, Toyoichiro - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015556773

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Demand-side Real Rigidities Revisited

Shirota, Toyoichiro - 2022

Book / Working Paper

Auxiliary state method : theory and application

Ngo, Phuong - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015619786

Downward nominal wage rigidity and the optimal inflation target

Aktug, Emrehan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015624837

The state-dependent consumption response to government spending in US : a Markov-Switching TANK model with sticky wages

Morelli, Francesco - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015475457

UK monetary policy in an estimated DSGE model with state-dependent price and wage contracts

Chen, Haixia; Le, Vo Phuong Mai; Meenagh, David; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015573385

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UK monetary policy in an estimated DSGE model with state-dependent price and wage contracts

Chen, Haixia; Le, Vo Phuong Mai; Meenagh, David; … - 2023

Book / Working Paper

Macroeconomic effects of the minimum wage in an emerging economy with labor informality

Ávila-Montealegre, Oscar Iván; Ospina Tejeiro, Juan J.; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015574439

Identifying labor market power : a quasi-experimental approach

Fonseca, João Galindo da; Santarrosa, Rogerio - 2025

We test whether firms react to changes in the wages and size of their competitors. We use a unique institutional feature of public procurement auctions in Brazil: the moment in which the auction ends is random. For close auctions, winner and runner-up are as good as randomly assigned. We first...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015396075

Trade with nominal rigidities : understanding the unemployment and welfare effects of the China shock

Rodríguez-Clare, Andrés; Ulate, Mauricio; Vasquez, Jose - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015398462

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Trade with nominal rigidities : understanding the unemployment and welfare effects of the china shock

Rodríguez-Clare, Andrés; Ulate, Mauricio; Vasquez, Jose - 2022

Book / Working Paper

Trade with nominal rigidities : understanding the unemployment and welfare effects of the China shock

Rodríguez-Clare, Andrés; Ulate, Mauricio; Vasquez, Jose - 2022

Book / Working Paper

Trade with Nominal Rigidities : Understanding the Unemployment and Welfare Effects of the China Shock

Rodríguez-Clare, Andrés; Ulate, Mauricio; Vasquez, Jose - 2022

Book / Working Paper

Trade with Nominal Rigidities : Understanding the Unemployment and Welfare Effects of the China Shock

Rodríguez-Clare, Andrés; Ulate, Mauricio; Vasquez, Jose - 2022

Book / Working Paper

Costly wage cuts, relative wage comparisons, and unemployment hysteresis

Fongoni, Marco - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015560439

A plucking model of business cycles

Dupraz, Stéphane; Nakamura, Emi; Jón Steinsson - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015560907

Dispersed information, nominal rigidities and monetary business cycles : a Hayekian perspective

Hellwig, Christian; Venkateswaran, Venky - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015560988

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Dispersed information, nominal rigidities and monetary business cycles : a Hayekian perspective

Hellwig, Christian; Venkateswaran, Venky - 2024

Book / Working Paper

Dispersed information, nominal rigidities and monetary business cycles : a hayekian perspective

Hellwig, Christian; Venkateswaran, Venky - 2024

Book / Working Paper

Staggered contracts and unemployment during recessions

Adamopoulou, Effrosyni; Díez-Catalán, Luis; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015561028

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Staggered contracts and unemployment during recessions

Adamopoulou, Effrosyni; Díez-Catalán, Luis; … - 2024

Book / Working Paper

Staggered contracts and unemployment during recessions

Adamopoulou, Effrosyni; Díez-Catalán, Luis; … - 2022

Book / Working Paper

The role of wage rigidity with matching frictions on the international co-movement of employment

Kim, Cholwoo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015668380

Optimal monetary policy in the open economy with labor market frictions

Kim, Cholwoo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015668383

How does inflation affect different age groups?

Hahn, Volker; Schürle, Annika - 2025

We develop an overlapping-generations model with sticky wages and prices to study the socially optimal inflation rate in the long term. While sticky prices and firms’ productivity growth would yield a positive optimal inflation rate, we show that sticky wages, in combination with empirically...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015556771

Why did we think wages are rigid for all those years?

Chan, See-Yu; Hobler, Stephan; Rens, Thijs van - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015673674

Wage setting in times of high and low inflation

Gödl, Maximilian; Gödl-Hanisch, Isabel - 2024

The recent surge in inflation led many unions and firms to alter their bargaining and wage-setting policies. Using novel German firm-level survey data, we document the extent of state dependence in wage setting across firms and workers during periods of high and low inflation. We find state...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015057673

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Wage setting in times of high and low inflation

Gödl, Maximilian; Gödl-Hanisch, Isabel - 2024

Book / Working Paper

How will the interaction of wages and prices play out in the last mile of disinflation?

Kamin, Steven; Roberts, John M. - 2024

This note develops an econometric model of inflation dynamics to assess recent developments. We find that most of the rapid decline in price pressures achieved in 2023 owes to the normalization of supply chains. With supply-chain disruptions now largely resolved, future progress toward...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014575696

Trade liberalization, wage inequality, and monetary policy

Lechthaler, Wolfgang; Mileva, Mariya - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014551378

Optimal monetary policy and the time-dependent price and wage Phillips curves : an international comparison

Di Bartolomeo, Giovanni; Serpieri, Carolina - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015075870

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Optimal monetary policy and the time-dependent price and wage Phillips curves : an international comparison

Di Bartolomeo, Giovanni; Serpieri, Carolina - 2024

Book / Working Paper

Short-time work extensions

Brinkmann, Christina; Jäger, Simon; Kuhn, Moritz; … - 2024

Governments use short-time work (STW) schemes to subsidize job preservation during crises. We study the take-up of STW and its effects on worker outcomes and firm behavior using German administrative data from 2009 to 2021. Establishments utilizing STW tend to have higher wages, be larger, and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015084151

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Short-time work extensions

Brinkmann, Christina; Jäger, Simon; Kuhn, Moritz; … - 2024

Book / Working Paper

Short-time work extensions

Brinkmann, Christina; Jäger, Simon; Kuhn, Moritz; … - 2024

Book / Working Paper

Macro welfare effects of flexible labor contracts

Carreño, José; Uras, Burak - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015075947