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Author : Donggyun Shin
Publisher :
ISBN 13 :
Total Pages : 176 pages
Book Rating : 4.3/5 (91 download)
Download or read book Cyclical Patterns of Real Wages and Employment written by Donggyun Shin and published by . This book was released on 1995 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Andrea Brandolini
Publisher :
ISBN 13 :
Total Pages : 108 pages
Book Rating : 4.E/5 ( download)
Download or read book In Search of a Stylised Fact written by Andrea Brandolini and published by . This book was released on 1993 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Eswar Prasad
Publisher : International Monetary Fund
ISBN 13 : 1451974620
Total Pages : 38 pages
Book Rating : 4.4/5 (519 download)
Download or read book The Relation Between Skill Levels and the Cyclical Variability of Employment, Hours, and Wages written by Mr.Eswar Prasad and published by International Monetary Fund. This book was released on 1993-05-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses micro panel data to examine differences in the cyclical variability of employment, hours, and real wages for skilled and unskilled workers. Contrary to conventional wisdom, we find that, at the aggregate level, skilled and unskilled workers are subject to essentially the same degree of cyclical variation in wages. However, important differences emerge in the patterns of employment and hours variation for skilled versus unskilled workers, especially when a college degree is used as a proxy for skills. We find that the quality of labor input per manhour tends to rise in recessions, thereby inducing a countercyclical bias in aggregate measures of the real wage. We also find substantial differences across industries in the cyclical variation of employment, hours, and wage differentials, which we interpret as indicative of important inter-industry differences in labor contracting.
Author : Jonathan Michie
Publisher : Bloomsbury Publishing
ISBN 13 : 147250819X
Total Pages : 209 pages
Book Rating : 4.4/5 (725 download)
Download or read book Wages in the Business Cycle written by Jonathan Michie and published by Bloomsbury Publishing. This book was released on 2013-11-07 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: During prolonged economic recessions when the normal cyclical expansion of output fails to materialize, the topic of the 'cyclical behaviour of wages' has emerged as an area of debate. In 1985, the British Treasury claimed that academic studies into the cyclical behaviour of wages demonstrated that a cut in wages would increase employment. Wages in the Business Cycle contests this argument by presenting the results of original, empirical work which illustrates the absence of any systematic empirical regularity to wage movements over the business cycle. Jonathan Michie argues that the re-emergence of this debate must be seen within the context of the theory of the 'labour demand function', representing an attempt to challenge the Keynesian theoretical assumptions implicit in the bulk of applied macro economic work up to the late 1970s.
Author : Anthony Edwin Myatt
Publisher :
ISBN 13 :
Total Pages : 472 pages
Book Rating : 4.:/5 (181 download)
Download or read book The Cyclical Relationship Between Real Wages and Employment written by Anthony Edwin Myatt and published by . This book was released on 1981 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Haoming Liu
Publisher : London : Department of Economics, University of Western Ontario
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (318 download)
Download or read book Labor Quality and the Cyclicality of Real Wages written by Haoming Liu and published by London : Department of Economics, University of Western Ontario. This book was released on 1997 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Eran B. Hoffmann
Publisher : International Monetary Fund
ISBN 13 : 1484353560
Total Pages : 67 pages
Book Rating : 4.4/5 (843 download)
Download or read book Employment Time and the Cyclicality of Earnings Growth written by Eran B. Hoffmann and published by International Monetary Fund. This book was released on 2018-05-16 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study how the distribution of earnings growth evolves over the business cycle in Italy. We distinguish between two sources of annual earnings growth: changes in employment time (number of weeks of employment within a year) and changes in weekly earnings. Changes in employment time generate the tails of the earnings growth distribution, and account for the increased dispersion and negative skewness in the distribution of earnings growth in recessions. In contrast, the cross-sectional distribution of weekly earnings growth is symmetric and stable over the cycle. Thus, models that rely on cyclical idiosyncratic risk, should separately account for the employment margin in their earnings process to avoid erroneous conclusions. We propose such a process, based on the combination of simple employment and wage processes with few parameters, and show that it captures the procyclical skewness in changes in earnings growth and other important features of its distribution.
Author : Michael T. Kiley
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.E/5 ( download)
Download or read book Efficiency Wages, Nominal Rigidities, and the Cyclical Behavior of Real Wages and Marginal Cost written by Michael T. Kiley and published by . This book was released on 1997 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jane Elizabeth Mather
Publisher :
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.F/5 ( download)
Download or read book A Study of Cyclical Wage Flexibility Using Disaggregated Data written by Jane Elizabeth Mather and published by . This book was released on 1984 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Edmund S. Phelps
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (248 download)
Download or read book "Neoclassical" Employment Theory and Cyclical Real Wage Behavior written by Edmund S. Phelps and published by . This book was released on 1966* with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert B. Barsky
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (196 download)
Download or read book Real Wages Over the Business Cycle written by Robert B. Barsky and published by . This book was released on 1989 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is an examination of cyclical real wage behavior in the United States since World War II. Like most previous aggregate studies. ours finds little cyclicalitv in aggregate industry real wage data. On the other hand, our analysis of longitudinal microdata from the Panel Study of Income Dynamics reveals substantial procyclicality. We find that this procyclicality is obscured in industry average wage statistics, and to a lesser extent in economywide averages, because those statistics are constructed in a way that gives greater weight to low-wage workers during expansions. The almost complete absence of evidence for countercyclical real wages suggests that movements along labor demand curves have not played a dominant role in cyclical employment fluctuations over the last 40 years. Instead, the procyclicality of real wages indicates that cyclical employment fluctuations have been generated mainly by shifts in labor demand. The sources of these shifts and of the positive slope of the effective labor supply curve, however, remain open to alternative interpretations.
Author : Christopher Otrok
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (645 download)
Download or read book On the Cyclicality of Real Wages and Wage Differentials written by Christopher Otrok and published by . This book was released on 2008 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Isaac Max Rubinow
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.3/5 (134 download)
Download or read book The Recent Trend of Real Wages ... written by Isaac Max Rubinow and published by . This book was released on 1914 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Julio Rotemberg
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.3/5 ( download)
Download or read book Cyclical Wages in a Search-and-bargaining Model with Large Firms written by Julio Rotemberg and published by . This book was released on 2006 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a complete general equilibrium model with flexible wages where the degree to which wages and productivity change when cyclical employment changes is roughly consistent with postwar U.S. data. Firms with market power are assumed to bargain simultaneously with many employees, each of whom finds himself matched with a firm only after a process of search. When employment increases as a result of reductions in market power, the marginal product of labor falls. This fall tempers the bargaining power of workers and thus dampens the increase in their real wages. The procyclical movement of wages is dampened further if the posting of vacancies is subject to increasing returns.
Author : Eswar S. Prasad
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (129 download)
Download or read book The Relation between Skill Levels and the Cyclical Variability of Employment, Hours, and Wages written by Eswar S. Prasad and published by . This book was released on 2008 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses micro panel data to examine differences in the cyclical variability of employment, hours, and real wages for skilled and unskilled workers. Contrary to conventional wisdom, we find that, at the aggregate level, skilled and unskilled workers are subject to essentially the same degree of cyclical variation in wages. However, important differences emerge in the patterns of employment and hours variation for skilled versus unskilled workers, especially when a college degree is used as a proxy for skills. We find that the quality of labor input per manhour tends to rise in recessions, thereby inducing a countercyclical bias in aggregate measures of the real wage. We also find substantial differences across industries in the cyclical variation of employment, hours, and wage differentials, which we interpret as indicative of important inter-industry differences in labor contracting.
Author : John Arthur Gardner
Publisher :
ISBN 13 :
Total Pages : 384 pages
Book Rating : 4.E/5 ( download)
Download or read book Skidding and Bumping written by John Arthur Gardner and published by . This book was released on 1981 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Andres Drobny
Publisher : Routledge
ISBN 13 : 1134988028
Total Pages : 250 pages
Book Rating : 4.1/5 (349 download)
Download or read book Real Wages and Employment written by Andres Drobny and published by Routledge. This book was released on 1988-10-06 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: With both Monetarist and Keynesian economic theory so closely bound up with employment levels and inflation, the contrast between the two models is here given thorough examination in light of real post-war data. Following the development of Monetarism as a reaction against Keynesian analysis, Drobny focuses on the importance of relative pricing within each approach as a basis for comparison. Drawing from both theories, the author forms models of labour demand and applies the conflicting results to a series of pragmatic tests, thereby highlighting the usefulness and the limitations of each standpoint.
