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Author : David E. Lebow
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (338 download)
Download or read book Inflation, Nominal Wage Rigidity, and the Efficiency of Labor Markets written by David E. Lebow and published by . This book was released on 1995 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David Edward Lebow
Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.:/5 (247 download)
Download or read book Inflation, Nominal Wage Rigidity, and the Efficiency of Labor Markets written by David Edward Lebow and published by . This book was released on 1995 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David Edward Card
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.E/5 ( download)
Download or read book Does Inflation "grease the Wheels of the Labor Market"? written by David Edward Card and published by . This book was released on 1996 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: If nominal wages are downward rigid, moderate levels of inflation may improve labor market efficiency by facilitating real wage cuts. In this paper we attempt to test the hypothesis that downward real wage changes occur more readily in higher-inflation environments. Using individual wage change data from two sources, we find that about 6-10 percent of workers experience nominally rigid wages in a 10- percent inflation environment. This proportion rises to over 15 percent at a 5 percent inflation rate. We use the assumption of symmetry to generate counterfactual distributions of real wage changes in the absence of rigidities. These counterfactual distributions suggest that a 1 percent increase in the inflation rate reduces the fraction of workers with downward-rigid wages by about 0.8 percent, and allows real wages to fall about 0.06 percent faster. A market- level analysis of the effects of nominal rigidities, based on wage growth and unemployment at the state level, is less conclusive. We find only a weak statistical relationship between the rate of inflation and the pace of relative wage adjustments across local labor markets.
Author : Karl Brunner
Publisher : North-Holland
ISBN 13 :
Total Pages : 186 pages
Book Rating : 4.:/5 (42 download)
Download or read book The Phillips Curve and Labor Markets written by Karl Brunner and published by North-Holland. This book was released on 1976 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Wilfred Beckerman
Publisher : Bloomsbury Academic
ISBN 13 :
Total Pages : 240 pages
Book Rating : 4.3/5 (91 download)
Download or read book Wage Rigidity and Unemployment written by Wilfred Beckerman and published by Bloomsbury Academic. This book was released on 1986 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Pierre-Richard Agénor
Publisher : International Monetary Fund
ISBN 13 : 1451854781
Total Pages : 98 pages
Book Rating : 4.4/5 (518 download)
Download or read book The Labor Market and Economic Adjustment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1995-11-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Author : Steinar Holden
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.3/5 ( download)
Download or read book The Costs of Price Stability - Downward Nominal Wage Rigidity in Europe written by Steinar Holden and published by . This book was released on 2002 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: In most European countries, the prevailing terms of employment, including the nominal wage, can only be changed by mutual consent. I show that this feature implies that workers have a strategic advantage in the wage negotiations when they try to prevent a cut in nominal wages. If inflation is so low that some nominal wages have to be cut, the strategic advantage of the workers' induces higher unemployment in equilibrium. The upshot is a long run tradeoff between inflation and unemployment for low levels of inflation. The prediction that low inflation involves higher unemployment in Europe but not in the US, is consistent with previous empirical findings.
Author :
Publisher : World Bank Publications
ISBN 13 : 9780821326800
Total Pages : 404 pages
Book Rating : 4.3/5 (268 download)
Download or read book Labor markets in an era of adjustment written by and published by World Bank Publications. This book was released on 1994 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Susan Horton
Publisher :
ISBN 13 :
Total Pages : 404 pages
Book Rating : 4.:/5 (318 download)
Download or read book Labor Markets in an Era of Adjustment: Issues papers written by Susan Horton and published by . This book was released on 1994 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Bruce C. Fallick
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (947 download)
Download or read book Downward Nominal Wage Rigidity in the United States During and After the Great Recession written by Bruce C. Fallick and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : D. Brown
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.E/5 ( download)
Download or read book The Price is Right written by D. Brown and published by . This book was released on 1997 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ernst Fehr
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.X/5 (6 download)
Download or read book The Robustness and Real Consequences of Nominal Wage Rigidity written by Ernst Fehr and published by . This book was released on 2000 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sachiko Kuroda
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (318 download)
Download or read book Why are Nominal Wages Downwardly Rigid, But Less So in Japan? written by Sachiko Kuroda and published by . This book was released on 2006 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In this paper, we survey the theoretical and empirical literature to investigate why nominal wages can be downwardly rigid. Looking back from the 19th century until recently, we first examine the existence and extent of downward nominal wage rigidity (DNWR) for several countries. We find that (1) nominal wages were flexible in the 19th century and first half of the 20th century, but (2) nominal wages were downwardly rigid in almost all industrialized countries in the second half of the 20th century, although (3) the extent of DNWR varied from country to country. Next, we use a behavioral economics framework to explain the reasons for DNWR. We also explain why the existence and extent of DNWR varied between time periods and/or from country to country, focusing on differences in the labor market characteristics (such as labor mobility and employment protection legislation) and in the macroeconomic environment (such as economic growth and inflation), which can alter employees' and firms' perceptions toward nominal wage cuts."--Authors' abstract.
Author : MichaelJ. Piore
Publisher : Routledge
ISBN 13 : 1351537903
Total Pages : 433 pages
Book Rating : 4.3/5 (515 download)
Download or read book Unemployment and Inflation written by MichaelJ. Piore and published by Routledge. This book was released on 2017-07-05 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1979, this reader presents an industrialist view of the labour market and economics as they stood at the time in the United States. The essays collated aim to answer macroeconomic questions on this topic as well as exploring issues related closely to employment and inflation. This title will be of interest to students of business and economics.
Author : Guillermo Tomás Málaga
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (318 download)
Download or read book Wages, Efficiency and Labor Market Regulation in an Inflationary Environment written by Guillermo Tomás Málaga and published by . This book was released on 1992 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Salem M. Abo-Zaid
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Labor Markets, Fiscal Policy and Inflation Dynamics written by Salem M. Abo-Zaid and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the early months of the COVID-19 pandemic, inflation fell. Later, as the pandemic wore on, inflation has risen sharply, reaching a 40-year high. To explain the dynamics of inflation, we augment the standard labor search and matching model with a shock that affects the demand side of the economy and matching in the labor market. We illustrate that the inflation rate is strongly tied to the behavior of vacancies and labor market tightness. This pattern is observed in European countries too. In addition, downward nominal wage rigidity plays a role in explaining the behavior of wage inflation and, consequently, price inflation. Fiscal policy improves the performance of the model, but it cannot sufficiently replicate the behavior of inflation to the same extent that frictions in the matching process do.
Author : David E. W. Laidler
Publisher : Manchester University Press
ISBN 13 : 9780719005688
Total Pages : 300 pages
Book Rating : 4.0/5 (56 download)
Download or read book Inflation and Labour Markets written by David E. W. Laidler and published by Manchester University Press. This book was released on 1974 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph comprising economic research papers on the relationships between wages inflation and unemployment in the UK, with particular reference to disaggregating down from the national level labour market and to the role of trade unions - covers trade union militancy, wage determination, wage rate determination by collective bargaining, the Phillips curve, unemployment and vacancies, geographic distribution of unemployment, etc. References and statistical tables.
