Imperfect Information, Lagged Labor Adjustment and the Great Moderation
نویسندگان
چکیده
منابع مشابه
The great moderation in micro labor earnings
Between 1980 and the early 1990s the variability of labor earnings growth rates across the prime-age working population fell significantly. This decline and timing are consistent with other macro and micro observations about growth variability that are collectively referred to as the ‘‘Great Moderation.’’ The variability of earnings growth is negatively correlated with age at any point in time,...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1435308