Reallocation and the Role of Firm Composition Effects on Aggregate Wage Dynamics
Aggregate wages display little cyclicality compared to what a standard model would predict. Wage rigidities are an obvious candidate, but the existing literature has emphasized the need to take into account the growing importance of worker composition effects, especially during downturns. This paper...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2019-08-01
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| Series: | IZA Journal of Labor Economics |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/izajole-2019-0003 |