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Author: Yedid-Levi, Yaniv
Resulting in 3 citations.
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Galindo da Fonseca, Joao Alfredo Gallipoli, Giovanni Yedid-Levi, Yaniv |
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Match Quality and Contractual Sorting Labour Economics 66 (October 2020): 101899. Also: https://www.sciencedirect.com/science/article/pii/S0927537120301032 Cohort(s): NLSY79 Publisher: Elsevier Keyword(s): Job Characteristics; Performance pay; Wage Determination This paper examines the impact of match-specific heterogeneity on compensation arrangements. In a stylized contractual choice problem we show that employers may have an incentive to offer performance-based contracts when match-specific productivity is high. We test the empirical content of this hypothesis using the NLSY79, which contains information about individual job histories and performance pay. We find that better match quality does affect pay arrangements, employment durations and wage cyclicality. Direct evidence on the accrual of job offers to workers lends support to the hypothesis that employers use performance-related compensation to preserve high-quality matches. |
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Bibliography Citation
Galindo da Fonseca, Joao Alfredo, Giovanni Gallipoli and Yaniv Yedid-Levi. "Match Quality and Contractual Sorting." Labour Economics 66 (October 2020): 101899.
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Gallipoli, Giovanni Yedid-Levi, Yaniv |
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Revisiting the Relationship Between Unemployment and Wages Presented: Chicago IL, American Economic Association Annual Meeting, January 2017 Cohort(s): NLSY79 Publisher: American Economic Association Keyword(s): Occupations; Performance pay; Unemployment Rate; Wages Permission to reprint the abstract has not been received from the publisher. We investigate the empirical relationship between wages and labor market conditions. Following work histories in the NLSY79 we document that the relationship between wages and unemployment rate differs across occupations. The results hold after controlling for unobserved match quality. This suggests that evidence about history dependence of wages obtained from pooled samples conceals significant differences and provides an imprecise description of earning dynamics. We examine these discrepancies and offer new evidence suggesting that the sensitivity of wages to current unemployment is linked to the prevalence of performance pay. |
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Bibliography Citation
Gallipoli, Giovanni and Yaniv Yedid-Levi. "Revisiting the Relationship Between Unemployment and Wages." Presented: Chicago IL, American Economic Association Annual Meeting, January 2017. |
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Jaimovich, Nir Saporta-Eksten, Itay Siu, Henry Yedid-Levi, Yaniv |
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The Macroeconomics of Automation: Data, Theory, and Policy Analysis Journal of Monetary Economics published online (8 July 2021): DOI: 10.1016/j.jmoneco.2021.06.004. Also: https://www.sciencedirect.com/science/article/pii/S0304393221000684 Cohort(s): NLSY79, NLSY97 Publisher: Elsevier Keyword(s): Armed Forces Qualifications Test (AFQT); Cognitive Ability; Current Population Survey (CPS) / CPS-Fertility Supplement; Displaced Workers; Occupations; Skilled Workers The decline in middle-wage occupations and rise in automation over the last decades is at the center of policy discussions. We develop an empirically relevant general equilibrium model that features endogenous labor force participation, occupational choice, and automation capital. We use the model to consider two types of policies: the retraining of workers who were adversely affected by automation, and redistribution policies that transfer resources to these workers. Our framework emphasizes general equilibrium effects such as displacement effects of retraining programs, complementarities between the factors of production, and the effects of distortionary taxation that is required to fund these programs. |
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Bibliography Citation
Jaimovich, Nir, Itay Saporta-Eksten, Henry Siu and Yaniv Yedid-Levi. "The Macroeconomics of Automation: Data, Theory, and Policy Analysis." Journal of Monetary Economics published online (8 July 2021): DOI: 10.1016/j.jmoneco.2021.06.004.
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