Wage developments in the aftermath of the crisis

Welcome

Luc Laeven (European Central Bank and CEPR)

Keynote address Income Inequality and Income Risk: Old Myths vs New Facts Presentation Fatih Guvenen (University of Minnesota)

Chair: Juan F. Jimeno (Banco de España and CEPR)

Session I Policies, labour market institutions and employment adjustment

The Fiscal Multiplier

Marcus Hagedorn (University of Oslo and CEPR)* Iourii Manovskii (University of Pennsylvania and CEPR) Kurt Mitman (IIES Stockholm University, University of Oslo and CEPR)

Discussant: Tommaso Monacelli (IGIER, Bocconi University and CEPR) Presentation

No Extension without Representation? Evidence from a Natural Experiment in Collective BargainingPaper, Presentation

Alexander Hijzen (OECD)* Pedro S. Martins (Queen Mary University of London)

Discussant: Andrea Weber (Vienna University of Economics and Business and CEPR) Presentation

Session II Reservation wages

Unemployment Insurance and Reservation WagesPaper, Presentation

Thomas Le Barbanchon (IGIER, Bocconi University, J-PAL and CEPR)* Roland Rathelot (University of Warwick, J-PAL, CReAM and CEPR) Alexandra Roulet (Harvard University)

Discussant: Patrick Arni (University of Bristol and IZA) Presentation

Reservation wages and the wage flexibility puzzlePaper, Presentation

Felix Koenig* and Alan Manning (both London School of Economics) Barbara Petrongolo (Queen Mary University of London and CEPR)

Discussant: Thijs van Rens (University of Warwick and CEPR) Presentation

Session III Reservation wages

How do regulated and unregulated labour markets respond to shocks?Paper

Michele Tuccio (University of Southampton)* Sergei Guriev (European Bank for Reconstruction and Development and CEPR) Biagio Speciale (Paris School of Economics)

Discussant: Marco Manacorda (Queen Mary University of London and CEPR) Presentation

Economic Shocks and Internal MigrationPaper, Presentation

Joan Monras (CEMFI)*

Discussant: Anna Rosso (University of Milan) Presentation

Evidence form the Wage Dynamics NetworkPaper

Juan F. Jimeno (Banco de España and CEPR) Mario Izquierdo (Banco de España) Dora Kosma (Bank of Greece) Ana Lamo (European Central Bank) Stephen Millard (Bank of England) Tairi Rõõm (Eesti Pank) Eliana Viviano (Banca d’Italia)

Discussant: Julián Messina (Inter-American Development Bank) Presentation

Registration and coffee

Session IV Explaining wages: the role of flexible pay and hours

Revisiting the Relationship Between Unemployment and WagesPaper, Presentation

Giovanni Gallipoli* João Alfredo Galindo da Fonseca Yaniv Yedid-Levi (all Vancouver School of Economics, University of British Columbia)

Discussant: Axel Gottfries (University of Cambridge) Presentation

Downward Wage Rigidity in the United States: New Evidence from Worker-Firm Linked DataPaper, Presentation

André Kurmann (Drexel University)* Erika McEntarfer and James Spletzer (both US Census Bureau)

Discussant: Salomé Baslandze (Einaudi Institute for Economics and Finance) Presentation

Since you’re so rich, you must be really smart: Talent and the Finance Wage PremiumPresentation

Michael Böhm (University of Bonn)* Daniel Metzger (Stockholm School of Economics) Per Strömberg (Stockholm School of Economics and CEPR)

Discussant: Giovanni Pica (University of Milan) Presentation

Policy Shocks and Wage Rigidity: Empirical Evidence From Regional Effects of National ShocksPaper, Presentation

Damjan Pfajfar (Board of Governors of the Federal Reserve System)* Maarten de Ridder (University of Cambridge)

Discussant: Davide Furceri (International Monetary Fund) Presentation