Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168129
Authors: 
Merkl, Christian
Stüber, Heiko
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Labour Markets G06-V2
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: 
E24
E32
J64
Document Type: 
Conference Paper

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