Wage Flexibility and Unemployment Dynamics

Hyclak, Thomas; Johnes, Geraint

doi:10.17848/9780585320250

Cited by 10 publications

(6 citation statements)

References 46 publications

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“…This supports Stratton's (1996) findings that involuntary PT workers more closely resemble the unemployed. In this manner, it is entirely possible that a greater involuntary PT share (and a higher PT share in general) helps restrain wage growth, much as a higher regional unemployment rate is associated with lower regional wage growth (Hyclak and Johnes 1992). Even so, the unemployment rate responded more to job growth than the involuntary PT share (especially in the 1990s).…”

Section: Pooled Cross-sectional Empirical Resultsmentioning

confidence: 99%

Part-time workers and economic expansion: comparing the 1980s and 1990s with U.S. state data

Partridge¹

2003

Papers in Regional Science

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Economists know little about how the role of part-time workers affect regional labor market dynamics during economic expansion. This study examines this issue using U.S. state data from the 1980s and 1990s. Compared to the 1980s, the labor market during the late 1990s is associated with widespread labor shortages, making this an excellent comparison of how part-time employment responds to economic growth. One key finding is that part-time employment was less responsive to job growth during the 1990s than the 1980s, especially for women. Several explanations are put forth, including firm responses to labor shortages, employer perceptions of inferior part-time worker characteristics and welfare reform. JEL classification: R23, J22, J60

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Section: Pooled Cross-sectional Empirical Resultsmentioning

confidence: 99%

Part-time workers and economic expansion: comparing the 1980s and 1990s with U.S. state data

Partridge¹

2003

Papers in Regional Science

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“…Empirical data indicates that workers in the manufacturing sector are traditionally paid higher wages than those in other sectors.3 Therefore, increases in the percentage of workers in the manufacturing sector are correlated with increases in wages between and within states. The unemployment rate was included to capture the impact of exogenous shocks to the state labor market (Hyclak and Johnes 1992;Phillips 1958).…”

Section: Public and Private Unions In The Labor Marketmentioning

confidence: 99%

Macroeconomic Differences in Public and Private Union Density: An Analysis of U.S. State Economies

Pantuosco¹,

Parker²,

Seyfried³

et al. 2002

Review of Regional Studies

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In this paper, we investigate the macroeconomic impact on U.S. state economies of differences in the percent of the employed in private sector unions and the percent of the employed in public sector unions. Using annual data from 1983 through 1996 for the 48 contiguous U.S. states, we search for contrasting impacts of private and public sector union density on state economic conditions. Four individual equations are estimated, one for each economic measure: state unemployment rates, wage inflation, productivity growth, and GSP growth. Then, tests are conducted to determine the relative difference between private and public unions. Using a fixed effects model, in each equation we find significant differences between the effects of public and private union density on labor markets and economic growth. We conclude that disaggregating union data provides some insights toward the future as public unions expand to represent a larger percentage of total union membership.

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“…Previous studies by Hyclak and Johnes (1992), Neumann and Topel (1992), Eberts and Stone (1992), Montgomery (1992), Topel (1986) and others have estimated regional wag and unemployment models for the U.S. using a wider variety of controls. In accessing flexibility it is important to know if there are differences in the size or magnitude of the responses of earnings to these factors.…”

Section: Modelmentioning

confidence: 99%

Pattern in Regional Labor Market Adjustment: The United States vs. Japan

Montgomery

1993

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In this paper I examine regional labor market behavior in the United States and Japan. In contrast with the picture at the aggregate level, Japanese labor markets at the prefectural (regional) level appear to exhibit substantially more persistence than state level labor markets in the United States. The distribution (and positions of regions within the distribution) of wages, unemployment, employment growth, and migration remain remarkably constant in Japan for periods of up to 15 years. Although wages, unemployment, and migration appear to be driven by similar factors in both countries, wages appear to be slightly more sensitive while unemployment is less sensitive to demand shifts in Japan than in the U.S..

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Wage Flexibility and Unemployment Dynamics

Cited by 10 publications

References 46 publications

Part-time workers and economic expansion: comparing the 1980s and 1990s with U.S. state data

Part-time workers and economic expansion: comparing the 1980s and 1990s with U.S. state data

Macroeconomic Differences in Public and Private Union Density: An Analysis of U.S. State Economies

Pattern in Regional Labor Market Adjustment: The United States vs. Japan

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