Structural Models Of Wage And Employment Dynamics
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Structural Models Of Wage And Employment Dynamics
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Author :
language : en
Publisher:
Release Date : 2006
Structural Models Of Wage And Employment Dynamics written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Economics categories.
A quantitative approach to economic problems of practical importance.
Structural Models Of Wage And Employment Dynamics
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Author :
language : en
Publisher:
Release Date : 2006
Structural Models Of Wage And Employment Dynamics written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Economics categories.
A quantitative approach to economic problems of practical importance.
New Methods For Analyzing Structural Models Of Labor Force Dynamics
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Author : Christopher J. Flinn
language : en
Publisher:
Release Date : 1981
New Methods For Analyzing Structural Models Of Labor Force Dynamics written by Christopher J. Flinn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Econometrics categories.
This paper takes a first step toward developing econometric models for the structural analysis of labor force dynamics. Our analysis is presented in continuous time, although most of the points raised here can be applied to discrete time models. We show that in previous attempts to estimate "structural" models of job search, a key source of information necessary to identify certain structural parameters has been neglected. We discuss the conditions under which structural search models can be estimated. In particular, the wage offer distribution must be recoverable -- i.e., it must be the case that the parameters of the untruncated wage offer distribution be estimable from the truncated accepted wage distribution. The wage offer distribution must be assumed to belong to a parametric family. Estimates of structural parameters are shown to be sensitive to the distributional assumption made. A partial equilibrium two state model of employment dynamics is estimated, using data from the National Longitudinal Survey of Young Men. We find employment and nonemployment rates implied by the structural parameter estimates to be generally consistent with those observed for the population of young males
Structural Models Of Wage And Employment Dynamics
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Author : Henning Bunzel
language : en
Publisher: Emerald Group Publishing
Release Date : 2006-03-30
Structural Models Of Wage And Employment Dynamics written by Henning Bunzel and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-03-30 with Business & Economics categories.
Selected papers from a conference held in honour of Professor Dale T. Mortensen upon the occasion of his 65th birthday. It includes papers on some of Professor Dale T. Mortensen's current research topics, as well as additional theoretical papers, and micro- and macro-econometric papers.
Nonlinear Dynamics In A Structural Model Of Employment
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Author : Simon M. Burgess
language : en
Publisher:
Release Date : 1991
Nonlinear Dynamics In A Structural Model Of Employment written by Simon M. Burgess and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Economics categories.
Wage Price Dynamics And Structural Reforms In Japan
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Author : Davide Porcellacchia
language : en
Publisher: International Monetary Fund
Release Date : 2016-02-10
Wage Price Dynamics And Structural Reforms In Japan written by Davide Porcellacchia and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-10 with Business & Economics categories.
Structural reforms in the liquidity trap need not be deflationary. This paper develops a simple framework to study the role that key characteristics of Japan’s labor and product markets—labor-market duality and weak corporate governance—play in generating unfavorable wage-price dynamics. The model allows a discussion of whether and in what form structural reforms may contribute to Japan’s short-run goal of reflating the economy. It finds that boosting inflation with structural reforms implies an unusual trade-off with employment, that is an inverted Phillips curve. Simultaneous implementation of labor-market and product-market reforms is most effective in terms of reflating the economy.
Understanding U S Wage Dynamics
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Author : Mr.Yasser Abdih
language : en
Publisher: International Monetary Fund
Release Date : 2018-06-15
Understanding U S Wage Dynamics written by Mr.Yasser Abdih and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-15 with Business & Economics categories.
In this paper, we undertake empirical analysis to understand U.S. wage behavior since the beginning of the new millennium. At the macroeconomic level, we find that a productivity-augmented Phillips curve model explains the data fairly well. The model reveals that the upward pressure on wage growth from recent tightening in the labor market has been dampened by a persistent decline in trend labor productivity growth and the share of income that accrues to labor. These themes are reinforced and complemented at the micro-economic level. Lower regional unemployment puts an upward pressure on wages of individuals, although this effect has become weaker since 2008. But there is downward pressure on wages for individuals with occupations that are exposed to automation and offshoring, and in industries with a higher concentration of large firms. All these factors appear to play a role illustrating why it is difficult to single out any one culprit for the observed wage growth moderation.
Empirical Methods For The Study Of Labor Force Dynamics
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Author : Kenneth I. Wolpin
language : en
Publisher: Psychology Press
Release Date : 2001
Empirical Methods For The Study Of Labor Force Dynamics written by Kenneth I. Wolpin and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
In the last twenty years there has been an explosion of economic research on labour force dynamics. This book focuses on the methods by which behavioural theories of labour force dynamics have been empirically implemented.
Empirical Methods For The Study Of Labour Force Dynamics
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Author : Kenneth Wolpin
language : en
Publisher: Routledge
Release Date : 2013-10-11
Empirical Methods For The Study Of Labour Force Dynamics written by Kenneth Wolpin and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-11 with Business & Economics categories.
In the last twenty years there has been an explosion of economic research on labor force dynamics; the movement of individuals between labor force states. This book focuses on the methods by which behavioral theories of labor force dynamics have been empirically implemented. Most attention is paid to the partial equilibrium two-state transitional model of job search behavior. That model is the foundation for much of our thinking about the nature of unemployment at both the individual and aggregate levels. Although the basic formulation has remained the same, approaches to the empirical implementation of such models has changed dramatically.
Equilibrium Wage And Employment Dynamics In A Model Of Wage Posting Without Commitment
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Author : Melvyn G. Coles
language : en
Publisher:
Release Date : 2011
Equilibrium Wage And Employment Dynamics In A Model Of Wage Posting Without Commitment written by Melvyn G. Coles and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Economics categories.
A rich but tractable variant of the Burdett-Mortensen model of wage setting behavior is formulated and a dynamic market equilibrium solution to the model is defined and characterized. In the model, firms cannot commit to wage contracts. Instead, the Markov perfect equilibrium to the wage setting game, characterized by Coles (2001), is assumed. In addition, firm recruiting decisions, firm entry and exit, and transitory firm productivity shocks are incorporated into the model Given that the cost of recruiting workers is proportional to firm employment, we establish the existence of an equilibrium solution to the model in which wages are not contingent on firm size but more productive employers always pay higher wages. Although the state space, the distribution of workers over firms, is large in the general case, it reduces to a scalar that can be interpreted as the unemployment rate in the special case of homogenous firms. Furthermore, the equilibrium is unique. As the dimension of the state space is equal to the number of firms types in general, an (approximate) equilibrium is computable -- National Bureau of Economic Research web site.