Showing 41 - 50 of 225
"Focusing on the compression of wage cuts, many empirical studies find a high degree of downward nominal wage rigidity (DNWR). However, the resulting macroeconomic effects seem to be surprisingly weak. This contradiction can be explained within an intertemporal framework in which DNWR not only...
Persistent link: https://www.econbiz.de/10008506504
"This paper shows that the German labor market is more volatile than the US labor market at the business cycle frequency. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, the labor market tightness and vacancies) divided by the...
Persistent link: https://www.econbiz.de/10005004093
"We forecast unemployment for the 176 German labour-market districts on a monthly basis. Because of their small size …
Persistent link: https://www.econbiz.de/10005537154
"This paper studies the patterns of unemployment dynamics in Germany. To provide a deeper insight into the margins of … unemployment adjustment, we employ a structural VAR model and identify the effects of a technology shock as well as two policy …
Persistent link: https://www.econbiz.de/10010791530
components of matching efficiency and separation rate (shifting parameters) as well as unemployment and vacancies. Cointegration …
Persistent link: https://www.econbiz.de/10010791531
"Using a representative establishment dataset, this paper is the first to analyze the incidence of wage posting and wage bargaining in the matching process from the employer's side. We show that both modes of wage determination coexist in the German labor market, with about two-thirds of hirings...
Persistent link: https://www.econbiz.de/10010795475
"In theoretical trade models with variable markups and collective wage bargaining, export exposure may reduce the exporter wage premium. We test this prediction using linked German employer-employee data from 1996 to 2007. To separate the rent-sharing mechanism from assortative matching, we...
Persistent link: https://www.econbiz.de/10010592292
unemployment in the short run. In this data we can discriminate between close and less-close peers to overcome the reflection …
Persistent link: https://www.econbiz.de/10010592351
"The geographical distribution and persistence of regional/local unemployment rates in heterogeneous economies (such as … an interest in analysing the dynamic adjustment processes of unemployment and the average degree of dependence of the … current unemployment rates or gross domestic product from the ones observed in the past. In this paper, we present a new …
Persistent link: https://www.econbiz.de/10010592387
"This paper shows that the German labor market is more volatile than the US labor market at the business cycle frequency. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, the labor market tightness and vacancies) divided by the...
Persistent link: https://www.econbiz.de/10010592399