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The Cyclicality Of Effective Wages Within Employer Employee Matches
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Book Synopsis The Cyclicality of Effective Wages Within Employer-employee Matches by : Silke Anger
Download or read book The Cyclicality of Effective Wages Within Employer-employee Matches written by Silke Anger and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using individual based micro-data from the German Socio-Economic Panel Study (SOEP), I analyze the cyclicality of real wages for male workers within employer-employee matches over the period 1984-2004, and compare different wage measures: the standard hourly wage rate, hourly wage earnings including overtime and bonus payments, and the effective wage, which takes into account not only paid overtime, but also unpaid working hours. None of the hourly wage measures is shown to exhibit cyclicality except for the group of salaried workers with unpaid overtime. Their effective wages react strongly to changes in unemployment in a procyclical way. Despite acyclical wage rates, salaried workers without unpaid hours but with income from extra payments, such as bonuses, experienced procyclical earnings movements. Monthly earnings were also procyclical for hourly paid workers who received overtime payments. The procyclicality of earnings revealed for Germany is of comparable size with the one in the U.S.
Book Synopsis The Cyclicality of Effective Wages Within Employer-employee Matches in a Rigid Labor Market by : Silke Anger
Download or read book The Cyclicality of Effective Wages Within Employer-employee Matches in a Rigid Labor Market written by Silke Anger and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Cyclicality of Effective Wages Within Emplyer-employee Matchas by : Silke Anger
Download or read book The Cyclicality of Effective Wages Within Emplyer-employee Matchas written by Silke Anger and published by . This book was released on 2007 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using individual based micro-data from the German Socio-Economic Panel Study (SOEP), I analyze the cyclicality of real wages for male workers within employer-employee matches over the period 1984-2004, and compare different wage measures : the standard hourly wagerate, hourly wage earnings including overtime and bonus payments, and the effective wage, which takes into account not only paid overtime, but also unpaid working hours. None of the hourly wage measures is shown to exhibit cyclicality except for the group of salaried workers with unpaid overtime. Their effective wages react strongly to changes in unemployment in a procyclical way. Despite a cyclical wage rates, salaried workers without unpaid hours but with income from extra payments, such as bonuses, experienced procyclical earnings movements. Monthly earnings were also procyclical for hourly paid workers who received over time payments. The procyclicality of earnings revealed for Germany is of comparable size with the one in the U.S.
Book Synopsis The Cyclicality of Real Wages Within Employer-Employee Matches by : Paul J. Devereux
Download or read book The Cyclicality of Real Wages Within Employer-Employee Matches written by Paul J. Devereux and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using data from the Panel Study of Income Dynamics, the author examines the cyclicality of wages within employer-employee matches for the years 1970-91. Recent research on wage cyclicality has suggested that wages are very procyclical (tending to rise and fall with economic upturns and downturns), even for workers who remain with the same employer. The author finds, however, that the evidence for wage procyclicality within the matches he examines is rather weak except for the small group of workers who were paid by piece rate or commissions. Despite having acyclical wage rates, men who were paid hourly had earnings movements that were very procyclical. Salaries exhibited little cyclicality, but salaried workers who had income sources from bonuses, commissions, or overtime had procyclical earnings. The results suggest that the increasing prevalence of incentive-based pay will increase the procyclicality of wages within matches.
Book Synopsis The Cyclicality of Effective Wages Within Employer Employee Matches by : Silke Anger
Download or read book The Cyclicality of Effective Wages Within Employer Employee Matches written by Silke Anger and published by . This book was released on 2007 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis New Evidence on Real Wage Cyclicality Within Employer-employee Matches by : Donggyun Shin
Download or read book New Evidence on Real Wage Cyclicality Within Employer-employee Matches written by Donggyun Shin and published by . This book was released on 2006 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the most thorough study to date on wage cyclicality among job stayers, Devereux's (2001) analysis of men in the Panel Study of Income Dynamics produced two puzzling findings: (1) the real wages of salaried workers are noncyclical, and (2) wage cyclicality among hourly workers differs between two alternative wage measures. We examine these puzzles with additional evidence from other sources. Devereux's finding of noncyclical real wages among salaried job stayers is not replicated in the National Longitudinal Survey of Youth data. The NLSY data, however, do corroborate his finding of a discrepancy for hourly workers between the cyclicality of the two alternative wage measures. Evidence from the PSID Validation Study contradicts Devereux's conjecture that the discrepancy might be due to a procyclical bias from measurement error in average hourly earnings. Evidence from the Bureau of Labor Statistics establishment survey supports his hypothesis that overtime work accounts for part (but not all) of the discrepancy. We conclude that job stayers' real average hourly earnings are substantially procyclical and that an important portion of that procyclicality probably is due to compensation beyond base wages.
Book Synopsis Employment Time and the Cyclicality of Earnings Growth by : Eran B. Hoffmann
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.
Book Synopsis The Quality-adjusted Cyclical Price of Labor by : Mark Bils
Download or read book The Quality-adjusted Cyclical Price of Labor written by Mark Bils and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 cyclicality in labor's user cost exploiting the long-run wage in a match to control for match quality. Using NLSY data for 1980 to 2019, we identify three channels by which hiring in a recession affects user cost: It lowers the new-hire wage; it lowers wages going forward in the match; but it also results in higher subsequent separations. All totaled, we find that labor's user cost is highly procyclical, increasing by more than 4% for a 1 pp decline in the unemployment rate. For large recessions, like the Great Recession, that implies a decline in the price of labor of about 15%.
Book Synopsis History Dependence in Wages and Cyclical Selection by : Anja Bauer
Download or read book History Dependence in Wages and Cyclical Selection written by Anja Bauer and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Using administrative employer-employee data from Germany, we investigate the relationship between wages and past and present labor market conditions. Furthermore, we revisit recent findings of greater wage cyclicality of new hires. Overall, we find strong evidence for history dependent wages, manifested in both hiring and retention premiums - which is consistent with a variety of contract models. Taking into account composition effects as well as cyclical variation in unobserved match quality, we find that wages of new hires from unemployment are no more cyclical, but those of job changers are more cyclical than those of existing workers. We argue that much of the excess wage cyclicality of new hires discussed by the literature can be explained by cyclical job ladder movements in match quality of new hires from employment. In a novel empirical approach, where we further take into account occupational selection, we show that if job ladder movements accompany a simultaneous change of employers and occupations, the resulting wages are particularly cyclical sensitive.
Book Synopsis Who Loses in the Downturn? by : Herwig Immervoll
Download or read book Who Loses in the Downturn? written by Herwig Immervoll and published by Emerald Group Publishing. This book was released on 2011-04-15 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains fresh knowledge on the effects of the economic downturn on employment and income distribution. This title also contains research papers offering fresh insights into issues such as how wages, employment and incomes are affected by the crisis, which demographic groups are most vulnerable in the recession, and more.
Book Synopsis Job Matching, Wage Dispersion, and Unemployment by : Dale T. Mortensen
Download or read book Job Matching, Wage Dispersion, and Unemployment written by Dale T. Mortensen and published by Oxford University Press, USA. This book was released on 2011-04-28 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: A selection of key papers from the winners of the Nobel Memorial Prize 2010. It features their most important work on unemployment, labour market dynamics, and the equilibrium search model.
Book Synopsis Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022) by : Faruk Balli
Download or read book Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022) written by Faruk Balli and published by Springer Nature. This book was released on 2022-12-28 with total page 1691 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access book. As a leading role in the global megatrend of scientific innovation, China has been creating a more and more open environment for scientific innovation, increasing the depth and breadth of academic cooperation, and building a community of innovation that benefits all. Such endeavors are making new contributions to the globalization and creating a community of shared future. To adapt to this changing world and China's fast development in the new era, The 2022 International Conference on Economics, Smart Finance and Contemporary Trade to be held in July 2022. This conference takes "bringing together global wisdom in scientific innovation to promote high-quality development" as the theme and focuses on cutting-edge research fields including Economics, Smart Finance and Contemporary Trade. This conference aims to boost development of the Greater Bay Area, expand channels of international academic exchange in science and technology, build a sharing platform of academic resources, promote scientific innovation on the global scale, strengthen academic cooperation between China and the outside world, enhance development of new energy and materials and IT, AI, and biomedicine industries. It also aims to encourage exchange of information on frontiers of research in different areas, connect the most advanced academic resources in China and the world, turn research results into industrial solutions, and bring together talents, technologies and capital to boost development.
Book Synopsis OECD Employment Outlook 2011 by : OECD
Download or read book OECD Employment Outlook 2011 written by OECD and published by OECD Publishing. This book was released on 2011-09-15 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2011 edition of the OECD Employment Outlook highlights policy issues related to: the recent economic crisis and the adequacy of income support for the unemployed; social protection and labour markets in emerging economies; earnings volatility; and qualifications mismatch.
Book Synopsis The Structure of Wages by : Edward P. Lazear
Download or read book The Structure of Wages written by Edward P. Lazear and published by University of Chicago Press. This book was released on 2009-05-15 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: The distribution of income, the rate of pay raises, and the mobility of employees is crucial to understanding labor economics. Although research abounds on the distribution of wages across individuals in the economy, wage differentials within firms remain a mystery to economists. The first effort to examine linked employer-employee data across countries, The Structure of Wages:An International Comparison analyzes labor trends and their institutional background in the United States and eight European countries. A distinguished team of contributors reveal how a rising wage variance rewards star employees at a higher rate than ever before, how talent becomes concentrated in a few firms over time, and how outside market conditions affect wages in the twenty-first century. From a comparative perspective that examines wage and income differences within and between countries such as Denmark, Italy, and the Netherlands, this volume will be required reading for economists and those working in industrial organization.
Book Synopsis The Relation Between Skill Levels and the Cyclical Variability of Employment, Hours, and Wages by : Mr.Eswar Prasad
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.
Book Synopsis Inter- and intragenerational economic mobility by : Daniel D. Schnitzlein
Download or read book Inter- and intragenerational economic mobility written by Daniel D. Schnitzlein and published by wbv Media GmbH & Company KG. This book was released on 2012-05-08 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: Die Ungleichheit der Lohneinkommen in Deutschland verschärft sich seit geraumer Zeit deutlich. Umso mehr muss zumindest die Gleichheit der Chancen in unserer Gesellschaft gewährleistet sein. Die Höhe des Einkommens sollte - aus gesellschaftlichen wie ökonomischen Gründen - von der individuellen Leistungsfähigkeit abhängen, nicht vom Status der Eltern. Doch wie ist es um die Gleichheit der Chancen in Deutschland tatsächlich bestellt? Ist das hiesige Einkommensgefüge so durchlässig, dass auch Menschen aus sozial schwachen Familien eine realistische Aufstiegschance haben? Wie hoch ist in Deutschland die ökonomische Mobilität zwischen sowie innerhalb von Generationen? Und wie schneidet Deutschland im Vergleich zu anderen Ländern ab? Daniel Schnitzlein untersucht diese Fragen mit neuen methodischen Ansätzen und analysiert die Ursachen für das unterschiedliche Ausmaß an ökonomischer Mobilität im internationalen Vergleich. Publikationssprache: Englisch
Book Synopsis Cyclical Patterns of Real Wages and Employment by : Donggyun Shin
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:
