Artikel
The Cyclicality of Effective Wages within Employer–Employee Matches in a Rigid Labor Market
This study analyzes real wage cyclicality for male full-time workers within employer–employee matches in Germany over the period 1984–2004. Five different wage measures are compared: the standard hourly wage rate; hourly wage earnings including overtime and bonus pay; the effective wage, which takes into account unpaid overtime; and monthly earnings, with and without additional pay. None of the hourly wage measures exhibits cyclicality except for the group of salaried workers with unpaid overtime. Their effective wages show a strongly procyclical reaction to changes in unemployment. Despite acyclical wage rates, salaried workers without unpaid overtime experienced procyclical earnings movements if they had income from extra pay. Monthly earnings were also procyclical for hourly paid workers with overtime pay. These findings suggest that cyclical earnings movements are generated by variable pay components, such as bonuses and overtime pay, and by flexible working hours. The degree of earnings procyclicality revealed for the German labor market is comparable to the United States.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Labour Economics ; ISSN: 0927-5371 ; Volume: 18 ; Year: 2011 ; Issue: 6 ; Pages: 786-797 ; Amsterdam: Elsevier
Business Fluctuations; Cycles
Wage Level and Structure; Wage Differentials
Effective wages
Unpaid overtime
Bonus payments
Firm stayers
Lohnstruktur
Panel
Deutschland
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- DOI
-
doi:10.1016/j.labeco.2011.06.002
- Handle
- Letzte Aktualisierung
-
12.07.2024, 13:22 MESZ
Objekttyp
- Artikel
Beteiligte
- Anger, Silke
- Elsevier
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Entstanden
- 2011-12
Ähnliche Objekte (12)
The cyclicality of effective wages within employer-employee matches in a rigid labor market
The cyclicality of effective wages within employer-employee matches: evidence from German panel data
The Cyclicality of Effective Wages within Employer-Employee Matches: Evidence from German Panel Data
The cyclicality of effective wages within employer-employee matches: evidence from German panel data
Working Time as an Investment? The Effects of Unpaid Overtime on Wages, Promotions, and Layoffs
Working time as an investment?: The effects of unpaid overtime on wages, promotions and layoffs
On the Cyclicality and Stability of Real Earnings
Long - Term Effects of Unpaid Overtime: Evidence for West Germany
Long-Term Effects of Unpaid Overtime: Evidence for West Germany
Overtime Work as a Signaling Device
Unpaid overtime in Germany : differences between East and West
Unpaid Overtime in Germany: Differences between East and West
The cyclicality of effective wages within employer-employee matches in a rigid labor market
The cyclicality of effective wages within employer-employee matches: evidence from German panel data
The Cyclicality of Effective Wages within Employer-Employee Matches: Evidence from German Panel Data
The cyclicality of effective wages within employer-employee matches: evidence from German panel data
Working Time as an Investment? The Effects of Unpaid Overtime on Wages, Promotions, and Layoffs
Working time as an investment?: The effects of unpaid overtime on wages, promotions and layoffs
On the Cyclicality and Stability of Real Earnings
Long - Term Effects of Unpaid Overtime: Evidence for West Germany
Long-Term Effects of Unpaid Overtime: Evidence for West Germany
Overtime Work as a Signaling Device
Unpaid overtime in Germany : differences between East and West
Unpaid Overtime in Germany: Differences between East and West
The cyclicality of effective wages within employer-employee matches in a rigid labor market
The cyclicality of effective wages within employer-employee matches: evidence from German panel data
The Cyclicality of Effective Wages within Employer-Employee Matches: Evidence from German Panel Data
The cyclicality of effective wages within employer-employee matches: evidence from German panel data
Working Time as an Investment? The Effects of Unpaid Overtime on Wages, Promotions, and Layoffs
Working time as an investment?: The effects of unpaid overtime on wages, promotions and layoffs
On the Cyclicality and Stability of Real Earnings
Long - Term Effects of Unpaid Overtime: Evidence for West Germany
Long-Term Effects of Unpaid Overtime: Evidence for West Germany
Overtime Work as a Signaling Device
Unpaid overtime in Germany : differences between East and West