货币政策对工人和企业的劳动力市场影响

IF 2.8 2区经济学 Q1 ECONOMICS

European Economic Review Pub Date : 2024-05-18 DOI:10.1016/j.euroecorev.2024.104756

Andreas Gulyas , Matthias Meier , Mykola Ryzhenkov

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引用次数: 0

摘要

本文利用奥地利的社会保障记录来分析欧洲央行货币政策对劳动力市场的影响。我们的重点是通过 Abowd 等人（1999 年）的工资回归定义的工人和企业工资组成部分的作用。我们发现，货币紧缩对低薪工人造成的就业损失最大，而这些工人在货币紧缩前受雇于高薪企业。货币紧缩进一步导致工人被重新分配到低薪企业。尤其是原本受雇于低薪企业的低薪工人很容易在企业工资阶梯上向下滑落。

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Labor market effects of monetary policy across workers and firms

This paper uses Austrian social security records to analyze the effects of ECB monetary policy on the labor market. Our focus is on the role of worker and firm wage components, defined by an Abowd et al. (1999) wage regression. We find that monetary tightening causes the largest employment losses for low-paid workers who are employed in high-paying firms before the tightening. Monetary tightening further causes a reallocation of workers to lower-paying firms. In particular low-paid workers who were originally employed by low-paying firms are prone to falling down the firm wage ladder.

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来源期刊

European Economic Review ECONOMICS-

CiteScore

4.70

自引率

3.60%

发文量

170

期刊介绍： The European Economic Review (EER) started publishing in 1969 as the first research journal specifically aiming to contribute to the development and application of economics as a science in Europe. As a broad-based professional and international journal, the EER welcomes submissions of applied and theoretical research papers in all fields of economics. The aim of the EER is to contribute to the development of the science of economics and its applications, as well as to improve communication between academic researchers, teachers and policy makers across the European continent and beyond.