We revisit the issue of the high cyclicality of wages of new hires. We show that after
controlling for composition effects likely involving procyclical upgrading of job match quality …

We estimate cyclicality in labor's user cost allowing for cyclical fluctuations in the quality of
worker-firm matches and wages that are smoothed within employment matches. To do so …

In employment relationships, a wage is an installment payment on an implicit long-term
agreement between a worker and a firm. The price of labor that impacts firm's hiring …

We study the empirical relevance of implicit insurance contracts for wage setting while
accounting for cyclical fluctuations in average job quality. Using proxy measures, we find the …

This paper studies the cyclical behavior of job separation and the characteristics of matches
between workers and jobs. We estimate a proportional hazard model with competing risks …

Straipsnyje atliekamas Lietuvos Respublikos Vyriausybės 2014–2020 metų užimtumo
didinimo programoje pateiktų pagrindinių darbo rinkos rodiklių vertinimas. Remiantis šiais …

The textbook permanent-income hypothesis, the benchmark theory for understanding
consumption decisions, implies a much tighter connection between permanent income and …

This paper examines how the business cycle impacts the average quality of an
employeremployee match. I study a model of the labor market with on-the-job search …

Purpose–The purpose of this paper is to use personnel records from two firms in the banking
industry, job duration models are estimated to examine separations in the context of banks …

Abstract [eng] The Master Thesis analyzes and assesses the impact of macroeconomic
indicators of business cycles on the consolidated performance of the European Union …