We study the relationship between cyclical job and worker flows at the establishment level using the new German AWFP dataset spanning from 1975–2014. We find that worker turnover moves more procyclical than job turnover. This procyclical worker churn takes place along the entire employment...

In this paper, we analyze the connection between value added, wages, and labor market ows at the establishment level. For this purpose, we first develop a simple model to illustrate the expected comovement of these variables. For the empirical analysis, we link the new German Administrative Wage...

We introduce a new class of Shewhart control charts, namely the ø-chart. This new class is based on the cumulative paired ø-divergence that generalizes both the cumulative (residual) entropy and the differential entropy. The phi-chart contains several subclasses; of which one has as a special...

This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...

Over the past 15 years,there have been a number of studies using text mining for predicting stock market data. Two recent publications employed support vector machines and second-order Factorization Machines, respectively, to this end. However, these approaches either completely neglect...

This paper describes the updated version of the Administrative Wage and Labor Market Flow Panel (AWFP, v1.1). The AWFP is a dataset on labor market flows and stocks for the universe of German establishments covering the years 1975-2014. It contains data on job flows, worker flows, and wages for...

Using data from the representative IAB Establishment Panel, this paper charts changes in the two main pillars of the German IR model over the last 20 years. It shows that collective bargaining coverage and worker representation via works councils have substantially fallen outside the public...

Fixed search costs, i.e. costs that don't vary with search duration, can amplify the cyclical volatility of the labor market. To assess the size of fixed costs, we analyse the relation of search costs and search duration with data from Germany. Using an OLS regression we find that fixed search...

Reporting effect sizes and corresponding confidence intervals is increasingly demanded, which generates interest to analyze the performance of confidence intervals around effect sizes. As effect sizes take on the value zero in case of no effect per definition, not only the inclusion of the...

This paper analyzes the benefits and the limits of a systematic allocation of treatments within a linear model framework. Linear models do not necessarily require the treatment allocation to be random. Since the variance of the treatment estimator within linear models does not depend on the...