Real Wages Research Papers - Academia.edu (original) (raw)

Product and labor market deregulation reduce and redistribute rents, leading economic players to adjust to this new distribution. It typically comes with distribution and dynamic effects. To study these effects, we build a ...

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- Economics, Political Economy, Labor Market, Bargaining Power
- by Jose David
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- Economics, European Economic Integration, Euro Area, Inflation Dynamics
- by F. Daveri
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- Economics, Economic Growth, Economic policy, Trade Union
- by Lawrence Kahn
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- Labor Economics, Applied Economics, Female labor supply, Measurement Error
- by Tony Venables
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- Economics, European Economic Integration, Economic integration, Integration
- by steinar holden
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- Economics, Income Distribution, Wage bargaining, Extreme Value Theory
- by JUAN RAMIREZ
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- Monetary Economics, Economic Theory, Bayesian Econometrics, Applied Economics
- by Bouramma Kerur
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- Economic History, Western Europe, Nineteenth Century, Applied Economics
- by Ephraim Chirwa
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- Economic Growth, Sustainable Development, Food Security, Maize

We provide evidence on the dynamic effects of tax liability changes in the United States. We distinguish between surprise and anticipated tax changes. Preannounced but not yet implemented tax cuts give rise to contractions in output, investment, and hours worked while real wages increase. There are no significant anticipation effects on aggregate consumption. Implemented tax cuts, regardless of their timing, have expansionary effects, on output, consumption, investment, hours worked, and real wages. Results are shown to be robust. Tax shocks are important impulses to the US business cycle and anticipation effects have been important during several business cycle episodes. (JEL E23, E32, E62, H20, H30)

- by karel mertens
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- Economics, Applied Economics, Developing Country, DSGE Model
- by julien hans
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- Economic Theory, Wage bargaining, Trade Liberalization, Trade Openness
- by David Card
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- Economics, United States, Labour Market Institutions, Economic Model
- by Martin Eichenbaum
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- Economic Theory, Applied Economics, Monetary Policy, Developing Country
- by Juan F Jimeno
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- European Union, Labour Economics, Applied Economics, Regional Unemployment
- by K. Scheve
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- Economics, Public Opinion, Foreign Direct Investment, Human right

The basic inability of standard theoretical models to generate a sufficiently large and variable nominal bond risk premium has been termed the “bond premium puzzle.” We show that the term premium on long-term bonds in the canonical dynamic stochastic general equilibrium (DSGE) model used in macroeconomics is far too small and stable relative to the data. We find that introducing

- by Glenn Rudebusch
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- Monetary Economics, Economic Theory, Applied Economics, Long Memory
- by Allen Head
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- Human Geography, Monetary Economics, Economic Theory, Urban And Regional Planning
- by John Budd
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- Econometrics, Applied Economics, Risk sharing, United States
- by John Thornton
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- Tax Policy, Tax Burden, Labour Market, Labour market flexibility
- by Peter Orazem
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- Economics, Economic Theory, Financial management, Economic policy
- by Rachel Griffith
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- Economics, Wage bargaining, Labour Market, Labour Market Institutions
- by Zvi Bodie
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- Net Present Value, Real Wages, Defined Benefit, Defined Contribution
- by Jeremy Greenwood and +1
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- Economic Theory, Applied Economics, Heterogeneous Agents, Business Cycle
- by S. Nickell
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- Economics, Economic, Real Wages
- by Guillermo Calvo
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- Great Depression, Financial Engineering, Capital Flows, Emerging Market
- by Joseph Tracy
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- Economics, Latin American Economic History, Wage bargaining, Collective Bargaining
- by Duncan Thomas
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- Human Resources, Applied Economics, Human, Scale Economies
- by Jeffrey Sachs
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- Economics, Fiscal policy, Monetary Policy, Macroeconomic Policy
- by Kevin Huang
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- World War II, Monetary Policy, Empirical Study, Price Setting
- by Channing Arndt
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- Human Geography, Economic Growth, Economic Theory, Development
- by Michele Boldrin
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- Economics, Political Economy, The Global Political Economy, Risk Aversion

... What theoretical prediction for the cyclicality of real wages? ... context, an extensive theoretical and empirical investigation of the topic was undertaken by Tsiang in his doctoral dissertation, written under Hayek&#x27;s... more

- by andrea brandolini
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- Econometrics, Applied Economics, Labour Market, Real Wages
- by Pedro S Martins
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- Economics, Labor Market, Labor Productivity, Fixed Effects
- by Engelbert Stockhammer
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- Macroeconomics, Globalization, Consumption, Income Distribution
- by S. Moyen
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- Econometrics, Applied Economics, Monetary Policy, Euro Area
- by joaquim oliveira
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- Market Structure, United States, Manufacturing Industry, Steady state
- by Ricardo Reis
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- Latin American Economic History, Business Cycle, Real Wages
- by Paul Cheshire
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- Human Geography, Convergence, Urban And Regional Planning, Applied Economics
- by Grayham Mizon and +1
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- Economics, Empirical Economics, Vector Autoregression, Labour Market
- by Eliana Cardoso
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- Latin America, Developing Country, Empirical evidence, Real Wages
- by Miguel Kiguel
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- Financial Economics, Economic Theory, Foreign Exchange Market, Case Studies
- by Gregory Clark
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- Economic History, Developing Countries, Agriculture, Employment
- by James Markusen
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- Economic Growth, Foreign Direct Investment, Economic policy, General Equilibrium
- by Michael Dooley
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- Political Economy, Foreign Direct Investment, Economic Development, Investments
- by Kevin Huang
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- Economics, World War II, Latin American Economic History, General Equilibrium
- by Claudio Lupi and +1
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- Labour Economics, Applied Economics, Labor Force, Regional Unemployment
- by Uwe Sunde
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- Economics, Measurement Error, Collective Bargaining, Regional Unemployment