| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8968 |
| DP8968 Wage Rigidity and Job Creation | |
| Christian Haefke; Thijs van Rens | |
| 发表日期 | 2012-05-23 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Recent research in macroeconomics emphasizes the role of wage rigidity in accounting for the volatility of unemployment fluctuations. We use worker-level data from the CPS to measure the sensitivity of wages of newly hired workers to changes in aggregate labor market conditions. The wage of new hires, unlike the aggregate wage, is volatile and responds almost one-to-one to changes in labor productivity. We conclude that there is little evidence for wage stickiness in the data. We also show, however, that a little wage rigidity goes a long way in amplifying the response of job creation to productivity shocks. |
| 主题 | International Macroeconomics ; Labour Economics |
| 关键词 | Business cycle Search and matching models Wage rigidity |
| URL | https://cepr.org/publications/dp8968 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537820 |
| 推荐引用方式 GB/T 7714 | Christian Haefke,Thijs van Rens. DP8968 Wage Rigidity and Job Creation. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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