Essays on Wages and Wage Inequality over the Business Cycle
Pourpourides, Panayiotis M., Department of Economics, University of Virginia
Otrok, Chris, Department of Economics, University of Virginia
Young, Eric, Department of Economics, University of Virginia
Th is dissertation is com posed of two ch apters th at exam in e th e cyclical beh avior of real w ages an d w age differen tials. In th e first ch apter, I develop a m odel of optim al labor con tractin g in a stoch astic environment to an alyze th e dyn am ic beh avior of w ages an d th e education -based skill-prem ium in con jun ction w ith oth er m acroeconomic aggregates. Th e secon d ch apter, coauth ored with Ch ris Otrok, is an em pirical an alysis of th e cyclical properties of real w ages usin g a Bayesian approach .
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PHD (Doctor of Philosophy)
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