Wages over the Business Cycle: Spot Markets?

Iourii Manovskii and Marcus Hagedorn

No 1072, 2009 Meeting Papers from Society for Economic Dynamics

Abstract: since the expected wage is increasing in the expected number of offers received since the job started. The business-cycle volatility of wages is higher for new hires and for job-to-job switchers than for job stayers since workers can sample from a larger pool of job offers in a boom than in a recession. Using PSID and NLSY data, we find that the existing evidence against a spot market model is rejected once we control for match-specific productivity as implied by our theory.

Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:red:sed009:1072

Access Statistics for this paper

More papers in 2009 Meeting Papers from Society for Economic Dynamics Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().