Search Results

Showing results 1 to 2 of approximately 2.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Audoly, Richard 

Report
Job Ladder, Human Capital, and the Cost of Job Loss

High-tenure workers losing their job experience a large and prolonged fall in wages and earnings. The aim of this paper is to understand and quantify the forces behind this empirical regularity. We propose a structural model of the labor market with (i) on-the-job search, (ii) general human capital, and (iii) firmspecific human capital. Jobs are destroyed at an endogenous rate due to idiosyncratic productivity shocks and the skills of workers depreciate during periods of non-employment. The model is estimated on German Social Security data. By jointly matching moments related to workers’ ...
Staff Reports , Paper 1043

Discussion Paper
A Turning Point in Wage Growth?

The surge in wage growth experienced by the U.S. economy over the past two years is showing some tentative signs of moderation. In this post, we take a closer look at the underlying data by estimating a model designed to isolate the persistent component—or trend—of wage growth. Our central finding is that this trend may have peaked in early 2022, having experienced an earlier rise and subsequent moderation that were broad-based across sectors. We also find that wage growth seems to be moderating more slowly than the trend in services inflation.
Liberty Street Economics , Paper 20230223

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

J0 2 items

E31 1 items

J3 1 items

J6 1 items

FILTER BY Keywords

Services Inflation 1 items

human capital 1 items

job loss 1 items

on-the-job search 1 items

persistence 1 items

sectors 1 items

show more (2)

PREVIOUS / NEXT