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Macroeconomics: Consumption, Saving, Production, Employment, and Investment x Labour and Demographic Economics x clear all

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Endogenous real wage rigidity in a search frictions model

Christopher Martin and Bingsong Wang.

in Oxford Economic Papers

October 2018; p ublished online June 2018 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Prices, Business Fluctuations, and Cycles; Demand and Supply of Labour; Wages, Compensation, and Labour Costs; Mobility, Unemployment, and Vacancies. 10779 words.

Abstract

The existing literature often incorporates ad hoc models of exogenous real wage rigidity into search frictions models of the labour market in order to...

A fair wage model of unemployment with inertia in fairness perceptions

George Chouliarakis and Mónica Correa-López.

in Oxford Economic Papers

January 2014; p ublished online November 2012 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Wages, Compensation, and Labour Costs; Microeconomics; Human Resource Management. 10569 words.

Theories of psychology and empirical evidence suggest that the reference transactions against which workers judge fairness exhibit inertia. This paper shows that a fair-wage model with...

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From Physical to Human Capital Accumulation: Inequality and the Process of Development

Oded Galor and Omer Moav.

in The Review of Economic Studies

October 2004; p ublished online October 2004 .

Journal Article. Subjects: Demand and Supply of Labour; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Economic Development. 12800 words.

This paper develops a growth theory that captures the replacement of physical capital accumulation by human capital accumulation as a prime engine of growth along the process of...

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The German employment miracle in the Great Recession: the significance and institutional foundations of temporary working-time reductions

Alexander Herzog-Stein, Fabian Lindner and Simon Sturn.

in Oxford Economic Papers

January 2018; p ublished online October 2017 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Prices, Business Fluctuations, and Cycles; Demand and Supply of Labour. 7919 words.

Abstract

We analyse the robust performance of the German labour market in the Great Recession, and investigate to what extent cyclical reductions in...

The global concentration of wealth

Thomas Goda.

in Cambridge Journal of Economics

January 2018; p ublished online April 2017 .

Journal Article. Subjects: Microeconomics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Labour and Demographic Economics; Other Economic Systems. 9927 words.

Abstract

This paper compares changes in relative and absolute wealth concentrations to establish whether both processes have followed similar trajectories. The...

Housing Wealth and Retirement Timing

Martin Farnham and Purvi Sevak.

in CESifo Economic Studies

March 2016; p ublished online July 2015 .

Journal Article. Subjects: Demand and Supply of Labour; Household Behaviour and Family Economics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Housing Markets, Production Analysis, and Business Location. 9360 words.

Labor-supply effects of changes in house value are potentially important but empirically neglected. Using the panel Health and Retirement Study merged to local house prices from the Federal...

How Changes in Financial Incentives Affect the Duration of Unemployment

Rafael Lalive, Jan Van Ours and Josef Zweimüller.

in The Review of Economic Studies

October 2006; p ublished online October 2006 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Mobility, Unemployment, and Vacancies. 14743 words.

This paper studies how changes in the two key parameters of unemployment insurance—the benefit replacement rate (RR) and the potential benefit duration (PBD)—affect the duration of...

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How important is precautionary labour supply?

Robin Jessen, Davud Rostam-Afschar and Sebastian Schmitz.

in Oxford Economic Papers

July 2018; p ublished online January 2018 .

Journal Article. Subjects: Single Equation Models; Single Variables; Household Behaviour and Family Economics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Demand and Supply of Labour. 9117 words.

Abstract

We quantify the importance of precautionary labour supply defined as the difference between hours supplied in the presence of risk and hours under...

Imperfect information, lagged labour adjustment, and the Great Moderation

Sweder van Wijnbergen and Tim Willems.

in Oxford Economic Papers

April 2013; p ublished online September 2012 .

Journal Article. Subjects: Demand and Supply of Labour; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Prices, Business Fluctuations, and Cycles. 7357 words.

This paper first documents the increase in the lag with which US labour input reacts to macroeconomic fluctuations since the 1980s. We show that lagged labour adjustment is optimal when...

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The Informational Content of Surnames, the Evolution of Intergenerational Mobility, and Assortative Mating

Maia Güell, José V. Rodríguez Mora and Christopher I. Telmer.

in The Review of Economic Studies

April 2015; p ublished online December 2014 .

Journal Article. Subjects: Demographic Economics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Multiple or Simultaneous Equation Models; Multiple Variables. 19048 words.

We propose a new methodology for measuring intergenerational mobility in economic well-being. Our method is based on the joint distribution of surnames and economic outcomes. It circumvents...