On the cyclicality of real wages and wage differentials
نویسندگان
چکیده
منابع مشابه
Real Wage Cyclicality in Italy
Real Wage Cyclicality in Italy This paper analyzes the cyclical behaviour of male real wages in Italy using the European Community Household Panel 1994-2001. We distinguish between job stayers (remaining in the same job), and withinand between-company job movers. Stayers are the large majority. We find stayers in Northern Italy to have high cyclicality of real wages, higher in fact than the US ...
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In the most thorough study to date on wage cyclicality among job stayers, Devereux’s (2002) 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. ...
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R ecent work on efficiency wage models has increased our understanding of discrimination, as well as the operation of labor markets (Bulow and Summers [1986]; Bowles [19851; and Akerlof [19841). Bulow and Summers [I9861 developed an efficiency wage model of labor markets that has direct implications for discrimination. They argued that the wage premia necessary to keep males and females from sh...
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ژورنال
عنوان ژورنال: The B.E. Journal of Macroeconomics
سال: 2017
ISSN: 1935-1690
DOI: 10.1515/bejm-2017-0047