IZA Workshop on Wage Rigidities and the Business Cycle: Causes and Consequences

Monday, June 09:

08:30	-	08:45		Registration
08:45	-	09:00		Welcome Address Corrado Giulietti (IZA) Pierre Cahuc (Ecole Polytechnique, Paris and IZA)
				Session A: Wage and Employment Adjustments within Firms
09:00	-	10:00		Mario Centeno (Banco de Portugal), Alvaro A. Novo (Banco de Portugal and IZA)
				"Worker Churning and Wage Rigidity during the Financial Crisis: The Role of Firm Quality"
				Discussant: Pedro S. Martins (Queen Mary, University of London)
10:00	-	11:00		Andre Kurmann (Drexel University), Erika McEntarfer (U.S. Census Bureau), James R. Spletzer (U.S. Census Bureau and IZA)
				"Downward Wage Rigidity in the U.S.: New Evidence from Worker-Firm Linked Data"
				Discussant: Mario Centeno (Banco de Portugal)
11:00	-	11:30		Coffee Break
11:30	-	12:30		Pedro S. Martins (Queen Mary, University of London)
				"30,000 minimum wages: The economic effects of collective bargaining extensions"
				Discussant: Ernesto Villanueva (Bank of Spain)
12:30	-	13:45		Lunch
				Session B: Wage Rigidity, Insurance and Market Frictions I
13:45	-	14:45		Jonathan P. Thomas (University of Edinburgh), Andy Snell (University of Edinburgh)
				"Equal Treatment, Asymmetric Information and Wage Rigidity"
				Discussant: Franck Malherbet (University of Rouen)
14:45	-	15:45		Izumi Yokoyama (Hitotsubashi University)
				"Why Do Wages Become more Rigid during a Recession than during a Boom?"
				Discussant: Andreas Kettemann (University of Zurich)
15:45	-	16:00		Coffee Break
				Session C: Wage Rigidity, Insurance and Market Frictions II
16:00	-	17:00		Andreas Kettemann (University of Zurich)
				"Unemployment Insurance Take-up and the Business Cycle"
				Discussant: Izumi Yokoyama (Hitotsubashi University)
17:00	-	18:00		Andreas Westermark (Sveriges Riksbank), Mikael Carlsson (Sveriges Riksbank)
				"Labor Market Frictions and Optimal Steady-State Inflation"
				Discussant: Jonathan P. Thomas (University of Edinburgh)
19:30				Dinner

Tuesday, June 10:

				Session D: Wage Cyclicality of New Hires
08:45	-	09:45		Antonella Trigari (Bocconi University), Mark Gertler (New York University), Christopher Huckfeldt (New York University)
				"Unemployment Fluctuations, Match Quality, and the Wage Cyclicality of New Hires"
				Discussant: Pierre Cahuc (Ecole Polytechnique, Paris)
09:45	-	10:45		Heiko Stüber (Institute for Employment Research (IAB), Nuremberg)
				"Real Wage Cyclicality of Newly Hired Workers"
				Discussant: Gregory Verdugo (Bank of France)
10:45	-	11:00		Coffee Break
				Session E: Collective Bargaining and Wage Cyclicality during the Great Recession
11:00	-	12:00		Ernesto Villanueva (Bank of Spain), Luis Diez-Catalan (University of Minnesota)
				"Collective Bargaining and Unemployment during the Great Recession: Evidence for Spain"
				Discussant: Boris Hirsch (University of Erlangen-Nuremberg)
12:00	-	13:00		Gregory Verdugo (Bank of France)
				"Real Wage Cyclicality in the Euro Zone before and during the Crisis: Evidence from Micro-Data"
				Discussant: Felix Koenig (CEP, London School of Economics)
13:00	-	14:15		Lunch
				Session F: Monopsony Power and Reservation Wages
14:15	-	15:15		Boris Hirsch (University of Erlangen-Nuremberg), Elke J. Jahn (Institute for Employment Research (IAB), Nuremberg and IZA), Claus Schnabel (University of Erlangen-Nuremberg and IZA)
				"The Cyclical Behaviour of Employers' Monopsony Power and Workers' Wages"
				Discussant: Heiko Stüber (Institute for Employment Research (IAB), Nuremberg)
15:15	-	16:15		Felix Koenig (CEP, London School of Economics), Alan Manning (London School of Economics), Barbara Petrongolo (Queen Mary, University of London and IZA)
				"Reservation Wages and the Wage Flexibility Puzzle"
				Discussant: Andre Kurmann (Drexel University)

• Real and Nominal Wage Rigidity in a Model of Equal-Treatment Contracting
  Pedro S. Martins, Andy Snell, Jonathan P. Thomas
  IZA Discussion Paper No. 4346, August 2009
  (published in: Scandinavian Journal of Economics, 112(4), 841-863, 2010).
  
  
• Wage Rigidity and Disinflation in Emerging Countries
  Julián Messina, Anna Sanz-de-Galdeano
  IZA Discussion Paper No. 5778, June 2011
  (published in: American Economic Journal: Macroeconomics, 2014, 6 (1), 102-133).
  
  
• Real Wages and the Business Cycle in Germanya>
  Martyna Marczak, Thomas Beissinger
  IZA Discussion Paper No. 5199, September 2010
  (published in: Empirical Economics, 2013, 44 (2), 469-490).
  
  
• The Life-Cycle and the Business-Cycle of Wage Risk: A Cross-Country Comparison>
  Christian Bayer, Falko Juessen
  IZA Discussion Paper No. 4402, September 2009
  (published in: Economics Letters, 2012, 117 (3), 831-833).