Wage Cyclicalities and Labor Market Dynamics at the Establishment Level: Theory and Evidence

Christian Merkl and Heiko Stüber

VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association

Abstract: The paper analyzes the effects of different wage cyclicalities on labor market flow dynamics. We derive a model that allows for heterogeneous wage cyclicalities across firms over the business cycle and confront the theoretical results with the new AWFP dataset. Establishments with more procyclical wage movements over the business cycle have a more countercyclical hires rate. The quantitative responses are in line with the proposed model.

JEL-codes: E24 E32 J64 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-cta, nep-lab and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Related works:
Working Paper: Wage Cyclicalities and Labor Market Dynamics at the Establishment Level: Theory and Evidence (2017)
Working Paper: Wage cyclicalities and labor market dynamics at the establishment level: Theory and evidence (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc17:168129

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