Search Results - subject_exact:"Wage rigidity"

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 - 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 - Version: February 7, 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015210572

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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

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

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

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Contractual Minimum Wages and Collective Bargaining: Italian Evidence from Forty Years of Data

Fanfani, Bernardo - 2025

Book / Working Paper

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

Costly wage cuts, relative wage comparisons, and unemployment hysteresis

Fongoni, Marco - 2025

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

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

Short-time work extensions

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

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015153088

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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

How cyclical Is the user cost of labor?

Kudlyak, Marianna - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014533455

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How Cyclical Is the User Cost of Labor?

Kudlyak, Marianna - 2024

Book / Working Paper

How cyclical is the user cost of labor?

Kudlyak, Marianna - 2024

Book / Working Paper

How cyclical is the user cost of labor?

Kudlyak, Marianna - 2024

Book / Working Paper

Sticky wages on the layoff margin

Davis, Steven J.; Krolikowski, Pawel M. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015404015

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Sticky wages on the layoff margin

Davis, Steven J.; Krolikowski, Pawel M. - 2024

Book / Working Paper

Sticky wages on the layoff margin

Davis, Steven J.; Krolikowski, Pawel M. - 2023

Book / Working Paper

Sticky wages on the layoff margin

Davis, Steven J.; Krolikowski, Pawel M. - 2023

Book / Working Paper

Sticky Wages on the Layoff Margin

Davis, Steven J.; Krolikowski, Pawel M. - 2023

Book / Working Paper

Sticky Wages on the Layoff Margin

Davis, Steven J.; Krolikowski, Pawel Michal - 2023

Book / Working Paper

Sticky Wages on the Layoff Margin

Davis, Steven J.; Krolikowski, Pawel Michal - 2023

Book / Working Paper

Sticky Wages on the Layoff Margin

Davis, Steven J.; Krolikowski, Pawel Michal - 2023

Book / Working Paper

A forward-looking tracker of negotiated wages in the euro area : Eurosystem wage tracker experts

2024

This paper introduces innovative, newly developed forward-looking indicators of negotiated wage growth in the euro area using data on collective bargaining agreements from seven countries: Germany, France, Italy, Spain, the Netherlands, Austria and Greece. The paper demonstrates how...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014471099

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A forward-looking tracker of negotiated wages in the euro area: Eurosystem wage tracker experts

2024

Book / Working Paper

The impact of wage rigidity on inflation within the framework of the transmission mechanism of monetary policy

Ädílhanova, Zarina - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015050122

Why wages don't fall in jobs with incomplete contracts

Fongoni, Marco; Schäfer, Daniel; Singleton, Carl - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015447369

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Why wages don't fall in jobs with incomplete contracts

Fongoni, Marco; Schaefer, Daniel; Singleton, Carl - 2024

Book / Working Paper

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/10015641462

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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/10015636968

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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

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

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

The quality-adjusted cyclical price of labor

Bils, Mark; Kudlyak, Marianna; Lins, Paulo - 2023

Typical measures of wages, such as average hourly earnings, fail to capture cyclicality in the effective cost of labor in the presence of (i) cyclical fluctuations in the quality of worker-firm matches, or (ii) wages being smoothed within employment matches. To address both concerns, we estimate...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014248987

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The quality-adjusted cyclical price of labor

Bils, Mark; Kudlyak, Marianna; Lins, Paulo - 2023

Book / Working Paper

The quality-adjusted cyclical price of labor

Bils, Mark; Kudlyak, Marianna; Lins, Paulo - 2023

Book / Working Paper

The effect of wage rigidity on the transmission of monetary policy to inequality

Komatsu, Momo - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014250376

The Nash wage elasticity and its business cycle implications

Knowles, Matthew; Lupoli, Mario - 2023

We develop a new measure of wage rigidity, the Nash wage elasticity (NWE). The NWE is the percentage change in the actual wage rate when the wage that would occur under Nash bargaining changes by 1%. We show that the NWE can be measured from aggregate data under relatively weak assumptions which...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014303151

Transmission of recent shocks in a labour-DSGE model with wage rigidity

Obstbaum, Meri; Oinonen, Sami; Pönkä, Harri; Vanhala, … - 2023

In this paper we analyze features of the recent business cycle with a New Keynesian small open economy DSGE model with labour market frictions and wage rigidity. The model complements the existing analytical tools of the Bank of Finland by enabling detailed analysis of labour markets in a DSGE...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014265623

A theory of non-Coasean labor markets

Blanco, Andrés; Drenik, Andres; Moser, Christian; … - 2023

We develop a theory of labor markets in a monetary economy with four realistic features: search frictions, worker productivity shocks, wage rigidity, and two-sided lack of commitment. Due to the non-Coasean nature of labor contracts, inefficient job separations occur in the form of endogenous...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014278008

Increasing returns and labour markets in a predator-prey model

Dosi, Giovanni; Usula, Davide; Virgillito, Maria Enrica - 2023

The purpose of this work is to study the joint interaction of three founding elements of modern capitalism, namely endogenous technical change, income distribution and labour markets, within a low-dimensional nonlinear dynamic setup extending the Goodwin model. By going beyond the conservative...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014283586

The long-run real effects of banking crises : firm-level investment dynamics and the role of wage rigidity

Wix, Carlo - 2018

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012098894

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The long-run real effects of banking crises: Firm-level investment dynamics and the role of wage rigidity

Wix, Carlo - 2017

Book / Working Paper

The long-run real effects of banking crises : firm-level investment dynamics and the role of wage rigidity

Wix, Carlo - 2023

Book / Working Paper

The long-run real effects of banking crises : firm-level investment dynamics and the role of wage rigidity

Wix, Carlo - 2017

Book / Working Paper

The Long-Run Real Effects of Banking Crises : Firm-Level Investment Dynamics and the Role of Wage Rigidity

Wix, Carlo - 2023

Book / Working Paper

Downward rigidity in the wage for new hires

Hazell, Jonathon; Taska, Bledi - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015210358

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Downward rigidity in the wage for new hires

Hazell, Jonathon; Taska, Bledi - 2023

Book / Working Paper

Downward rigidity in the wage for new hires

Hazell, Jonathon; Taska, Bledi - 2020

Book / Working Paper

Downward Rigidity in the Wage for New Hires

Hazell, Jonathon; Taska, Bledi - 2021

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

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015338947

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

Gaur, Meghana; Grigsby, John; Hazell, Jonathon; Ndiaye, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615945

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

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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