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Keywords:wages OR Wages 

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Supplementary appendix: Careers in firms: estimating a model of learning, job assignment, and human capital aquisition

In this appendix I present details of the model and of the empirical analysis and results of counterfactual experiments omitted from the paper. In Section 1 I describe a simple example that illustrates how, even in the absence of (technological) human capital acquisition, productivity shocks, or separation shocks, the learning component of the model can naturally generate mobility between jobs within a firm and turnover between firms. I also present omitted details of the proofs of Propositions 1, 2, and 3 in the paper. In Section 2 I provide an overview of the numerical solution of the ...
Staff Report , Paper 470

Journal Article
Colloquium on U.S. wage trends in the 1980s: afternoon session: summary of discussion

Economic Policy Review , Issue Jan , Pages 59-60

Journal Article
Wage rigidity in West Germany: a comparison with the U.S. experience

Quarterly Review , Volume 11 , Issue Aut , Pages 11-21

Working Paper
Emerging labor shortages and real wages in the 1990s

Working Paper Series / Economic Activity Section , Paper 120

Working Paper
Aggregate real wages: macro fluctuations and micro drivers

Using data from the Current Population Survey from 1980 through 2010 we examine what drives variation and cyclicality in the growth rate of real wages over time. We employ a novel decomposition technique that allows us to divide the time series for median weekly earnings growth into the part associated with the wage growth of persons employed at the beginning and end of the period (the wage growth effect) and the part associated with changes in the composition of earners (the composition effect). The relative importance of these two effects varies widely over the business cycle. When the ...
Working Paper Series , Paper 2011-23

Discussion Paper
How Have Racial and Ethnic Earnings Gaps Changed after COVID-19?

Racial and ethnic earnings disparities have been salient features of the U.S. economy for decades. Between the pandemic-driven recession in 2020 and the rising inflation since 2021, workers’ real and nominal earnings have seen rapid change. To get a sense of how recent economic conditions have affected earnings disparities, we examine real and nominal weekly earnings trends for Asian, Black, Hispanic, and white workers. We find that average real weekly earnings have been declining in the past year, but less so for Black and Hispanic workers than for white and Asian workers. Black and ...
Liberty Street Economics , Paper 20221020a

Journal Article
Wives at work

From 1950 to 1990, married women tripled their hours in the workplace. New research suggests that reduced wage discrimination-not better appliances or higher incomes-caused this sea change in the workforce
The Region , Volume 17 , Issue Dec , Pages 13-15, 76-79

Working Paper
Modelling the time series behavior of the aggregate wage rate

Working Papers in Applied Economic Theory , Paper 92-04

Working Paper
Cyclical wages in a search and bargaining model with large firms

This paper presents a complete general equilibrium model with flexible wages, where the degree to which wages and productivity change when cyclical employment changes is roughly consistent with postwar U.S. data. Firms with market power are assumed to bargain simultaneously with many employees, each of whom finds himself matched with a firm only after a process of search. When employment increases as a result of reductions in market power, the marginal product of labor falls. This fall tempers the bargaining power of workers and thus dampens the increase in their real wages. The procyclical ...
Working Papers , Paper 06-5

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