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Macroeconomics: Consumption, Saving, Production, Employment, and Investment x Wages, Compensation, and Labour Costs x clear all

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...

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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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Intertemporal Labour Supply with Search Frictions

Claudio Michelacci and Josep Pijoan-Mas.

in The Review of Economic Studies

July 2012; p ublished online November 2011 .

Journal Article. Subjects: Demand and Supply of Labour; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Wages, Compensation, and Labour Costs. 16977 words.

Starting in the 1970's, wage inequality and the number of hours worked by employed U.S. prime-age male workers have both increased. We argue that these two facts are related. We use a...

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The Morale Effects of Pay Inequality

Emily Breza, Supreet Kaur and Yogita Shamdasani.

in The Quarterly Journal of Economics

May 2018; p ublished online October 2017 .

Journal Article. Subjects: Wages, Compensation, and Labour Costs; Economic Development; Microeconomics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment. 20293 words.

Abstract

Relative-pay concerns have potentially broad labor market implications. In a month-long experiment with Indian manufacturing workers, we randomize...

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The U-Shapes of Occupational Mobility

Fane Groes, Philipp Kircher and Iourii Manovskii.

in The Review of Economic Studies

April 2015; p ublished online October 2014 .

Journal Article. Subjects: Demand and Supply of Labour; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Wages, Compensation, and Labour Costs. 17703 words.

Using administrative panel data on the entire Danish population we document a new set of facts characterizing occupational mobility. For most occupations, mobility is U-shaped and...

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