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Browsing by Subject "E24"
Now showing items 1-11 of 11
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(University College Dublin. School of Economics, 1995-02)Wage stickiness is frequently cited as a justification (temporary) protection when a sector is hit by an adverse shock. The present paper, rather than assuming arbitrary wage stickiness, instead models it as an outcome of ...
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(Institute for the Study of Labor, 2005-08)Many theoretical models of transition are driven by the assumption that economic decision making is subject to political constraints. In this paper we empirically test whether the winners and losers of economic reform ...
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(Emerald Insight, 2000)Using the Panel Study of Income Dynamics, we find that true wage changes have many fewer nominal cuts and more nominal freezes than reported nominal wage changes. The data overwhelmingly rejects a model of flexible wage ...
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(University College Dublin. School of Economics, 2000-11)Wallers (1989) model which incorporates an effort augmented production function into a traditional Keynesian analysis of supply and demand shocks is generalised by not restricting the elasticity of substitution between ...
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(Elsevier Science, 2005-03)In a model with rigid nominal wages, full information and competitive product markets, I show that when an effort augmented production function is incorporated into an analysis of supply and demand shocks, the outcomes are ...
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(Federal Reserve, 1999-12)Since Friedman (1968), the traditional derivation of the accelerationist Phillips curve has related expected real wage inflation to the unemployment rate and then invoked markup pricing and adaptive expectations to generate ...
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(Institute for the Study of Labor, 2005-02)Based on the methodology of Beaudry and DiNardo (1991), this paper investigates the relative importance of the spot market and implicit contracts in the determination of British real wages. Empirical work is carried out ...
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(University College Dublin. School of Economics, 1995-07)Since wage stickiness generates unemployment or intersectoral labour transfer in excess of that associated with a flexible-wage adjustment process, it is frequently argued that declining industries should be subsidised to ...
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(University College Dublin. School of Economics, 1998-01)This paper reviews previous research on Irish unemployment. It examines the reasons for the persistence of high unemployment and the relevance of the concept of a time-varying rate of "equilibrium" unemployment in a small ...
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(University College Dublin. School of EconomicsUniversity College Dublin. Institute for the Study of Social Change (Geary Institute), 2003-04)The reservation wage is an integral part of most theories of involuntary unemployment. We use panel data to examine the empirical determinants of the reservation wage - in particular the influence of previous wages - and ...
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(Elsevier, 2004)We use panel data to examine the empirical determinants of the reservation wage– in particular the influence of previous wages– and consider what this implies for the evolution of the natural rate of unemployment. We ...
Now showing items 1-11 of 11