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Endogenous Wage Rigidity and Layoffs (Job Market Paper)
Wage rigidity has long been considered a main source of employment fluctuations. By contrast, I propose a theory in which rigid wages …
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Heterogeneous Wage Cyclicality and Unemployment Fluctuations
Estimate wage cyclicality across jobs with different hiring pools. Firms hiring unemployed workers have the most rigid wages, which helps amplify unemployment volatility.
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Anatomy of the Pass-through of Productivity Shocks
Workers experience labor income risk when employers adjust their hourly wages, hours worked, and their separation rates into …
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