| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15543 |
| DP15543 Worker Flows and Wage Dynamics: Estimating Wage Growth Without Composition Effects | |
| Raquel Carrasco; Jose Ignacio Garcia Perez; Juan Francisco Jimeno | |
| 发表日期 | 2020-12-11 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Wage dynamics is closely intertwined with job flows. However, composition effects associated to the different sizes and characteristics of workers entering/exiting into/from employment that may blur the "true" underlying wage growth, are not typically accounted for. In this paper, we take these composition effects into consideration and compute wage growth in Spain during the 2006-2018 period after netting out the consequences of employment dynamics. Our results show that the "true" underlying wage growth in the Spanish economy during recessions (expansions) was, on average, significantly lower (higher) that the observed with raw data. This may help to explain some macro puzzles, such as the "vanishing" Phillips curve. |
| 主题 | Labour Economics |
| 关键词 | Employment dynamics Wage dynamics Composition effects |
| URL | https://cepr.org/publications/dp15543 |
| 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/544546 |
| 推荐引用方式 GB/T 7714 | Raquel Carrasco,Jose Ignacio Garcia Perez,Juan Francisco Jimeno. DP15543 Worker Flows and Wage Dynamics: Estimating Wage Growth Without Composition Effects. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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