Results 11 to 20 of about 45,134 (306)
Real Wage Cyclicality in the PSID [PDF]
SSRN Electronic Journal, 2007 Previous studies of real wage cyclicality have made only sparing use of the microdata detail that is available in the Panel Study of Income Dynamics (PSID). The present paper brings to bear this additional detail to investigate the robustness of previous results and to examine whether there are important cross-sectional and demographic differences in ...
Eric T. Swanson
openaire +3 more sources
The Real Wage and the Marginal Product of Labor [PDF]
SSRN Electronic Journal, 2000 As I see it, the errors in Keynes's analysis in Chapter Two of the General Theorv were his acceptance of diminishing returns in the short-period relation between output and labor employed and of perfect competition in the product market. These "errors," however, are easily corrected and do not alter Keynes's basic and correct ideas -- that employment ...
Tracy Mott
openaire +4 more sources
Real Wage Cyclicality in Italy [PDF]
LABOUR, 2006 AbstractThis paper analyses the cyclical behaviour of male real wages in Italy, distinguishing between North and Centre‐South, using the European Community Household Panel 1994–2001. We separate job stayers (remaining in the same job), from within‐ and between‐company job movers. Stayers are the large majority. We find stayers in the North to have high
Peng, Fei, Siebert, William Stanley
openaire +2 more sources
SSRN Electronic Journal, 2008 While nominal wage differences between skilled and unskilled workers have increased since 1980, college graduates have experienced larger increases in cost of living because they have increasingly concentrated in cities with high cost of housing. Using a city-specific CPI, I find that real wage differences between college and high school graduates ...
openaire +6 more sources
HETEROGENEITY IN REAL WAGE CYCLICALITY [PDF]
Scottish Journal of Political Economy, 2007 ABSTRACTThis paper presents evidence that real wage cyclicality can be a particularly heterogeneous parameter, depending on different worker characteristics and also on the specific stage of the business cycle. Using matched employer–employee panel data for Portugal covering the period 1986–2004, real wages are shown to be considerably more procyclical
openaire +2 more sources
Journal of Money, Credit and Banking, 2023 AbstractIn this paper, we provide empirical evidence that real wage rigidity is not a major cause of unemployment volatility. We argue that there is a disconnect between the theoretical and empirical literatures on this topic. While theoretical studies define real wage rigidity as the response of wages to changes in unemployment following productivity ...
Ellington, M., Martin, C., Wang, B.
openaire +2 more sources
Revista de Economía del Rosario, 2020 This paper examines the changes in real hourly wages in Colombia along the recovery phase taking place from March 2009 to March 2014. The starting finding is that the distribution of wages at trough looks like translations to the left of recovery ...
Jimmy Alexander Melo Moreno
doaj +1 more source
Immigration, investment, and real wages [PDF]
Journal of Population Economics, 1996 When a country is the recipient of large-scale, politically motivated immigration -- as has been the case for Israel in recent years -- the initial impact is to reduce real wages. Over the longer term, however, the endogenous response of investment, together with increasing returns, may well actually increase real earnings. If immigration itself is not
Elise S. Brezis, Paul Krugman
openaire +1 more source
Are Real Wages Rigid Downwards? [PDF]
SSRN Electronic Journal, 2007 This paper explores the existence of downward real wage rigidity (DRWR) in 19 OECD countries, over the period 1973–1999, using data for hourly nominal earnings at industry level. Based on a nonparametric statistical method, which allows for country and year specific variation in both the median and the dispersion of industry wage changes, we find ...
Steinar Holden, Fredrik Wulfsberg
openaire +6 more sources
Evaluation of Correlation between Labour Productivity and Wages in Individual Countries’ Economy [PDF]
E3S Web of Conferences, 2020 The paper is concerned with the problems of evaluating and managing the correlation between labour productivity growth and wages as the most important elements of strategic development of economies in different world countries.
Bogatyreva Irina, Ilyukhina Larisa
doaj +1 more source