Wage Shocks and Consumption Variability in Mexico During the 1990s

A Fuzzy Sets Model for Companies Behaviour of Absorption Minimum Wage Shocks: An Analysis of Inflationary Risks

The Journal of Economics Studies and Research ◽

10.5171/2011.903755 ◽

2011 ◽

pp. 1-11

Author(s):

Dorel Ailenei ◽

Coralia Angelescu ◽

Amalia Cristescu ◽

Mihaela Hrisanta

Keyword(s):

Fuzzy Sets ◽

Minimum Wage ◽

Wage Shocks

Economic Policy in a Monetary Union ◽

10.1007/978-3-642-57290-6_5 ◽

2000 ◽

pp. 73-78

Author(s):

Michael Carlberg

Keyword(s):

Wage Shocks

Wage Shocks in Germany

Macroeconomics of Monetary Union ◽

10.1007/978-3-540-73633-2_21 ◽

2007 ◽

pp. 160-163

Keyword(s):

Wage Shocks

Consumption Taxes and Economic Efficiency with Idiosyncratic Wage Shocks

Journal of Political Economy ◽

10.1086/432137 ◽

2005 ◽

Vol 113 (5) ◽

pp. 1088-1115 ◽

Cited By ~ 64

Author(s):

Shinichi Nishiyama ◽

Kent Smetters

Keyword(s):

Economic Efficiency ◽

Consumption Taxes ◽

Wage Shocks

Minimum Wage Shocks, Employment Flows, and Labor Market Frictions

Journal of Labor Economics ◽

10.1086/685449 ◽

2016 ◽

Vol 34 (3) ◽

pp. 663-704 ◽

Cited By ~ 81

Author(s):

Arindrajit Dube ◽

T. William Lester ◽

Michael Reich

Keyword(s):

Labor Market ◽

Minimum Wage ◽

Market Frictions ◽

Labor Market Frictions ◽

Wage Shocks

Long-Term Responses to Large Minimum Wage Shocks: Sub-Minimum and Super-Minimum Workers in Slovenia

SSRN Electronic Journal ◽

10.2139/ssrn.3390110 ◽

2019 ◽

Author(s):

Suzana Laporsek ◽

Peter Francis Orazem ◽

Matija Vodopivec ◽

Milan Vodopivec

Keyword(s):

Minimum Wage ◽

Wage Shocks

Wage Shocks and the Technological Substitution of Low-Wage Jobs

SSRN Electronic Journal ◽

10.2139/ssrn.2914347 ◽

2016 ◽

Author(s):

Daniel Aaronson ◽

Brian J. Phelan

Keyword(s):

Wage Shocks

The 6 Per cent Inflation Threshold and the Transmission of Nominal Wage Shocks to Inflation Expectations

Labour Market and Fiscal Policy Adjustments to Shocks ◽

10.1007/978-3-319-66520-7_26 ◽

2017 ◽

pp. 387-394

Author(s):

Nombulelo Gumata ◽

Eliphas Ndou

Keyword(s):

Nominal Wage ◽

Inflation Expectations ◽

Wage Shocks

Consumption Inequality and Family Labor Supply

The American Economic Review ◽

10.1257/aer.20121549 ◽

2016 ◽

Vol 106 (2) ◽

pp. 387-435 ◽

Cited By ~ 94

Author(s):

Richard Blundell ◽

Luigi Pistaferri ◽

Itay Saporta-Eksten

Keyword(s):

Life Cycle ◽

Panel Data ◽

Labor Supply ◽

Asset Accumulation ◽

Life Cycle Model ◽

Cycle Model ◽

Family Labor ◽

Insurance Mechanism ◽

Analytical Expressions ◽

Wage Shocks

We examine the link between wage and consumption inequality using a life-cycle model incorporating consumption and family labor supply decisions. We derive analytical expressions for the dynamics of consumption, hours, and earnings of two earners in the presence of correlated wage shocks, nonseparability, progressive taxation, and asset accumulation. The model is estimated using panel data for hours, earnings, assets, and consumption. We focus on family labor supply as an insurance mechanism and find strong evidence of smoothing of permanent wage shocks. Once family labor supply, assets, and taxes are properly accounted for there is little evidence of additional insurance. (JEL D12, D14, D91, J22, J31)