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growth in larger cities, rather than smaller ones or by population shifts across cities. We estimate individual wages …, but changes in their returns significantly influence wages, with notable variation across cities. Overall, aggregate wage …
Persistent link: https://www.econbiz.de/10015321329
We use a cohort based model to analyse determinants of labour force participation fordisaggregated groups of workers in the euro area and the five largest euro areacountries. The model captures age and cohort effects as indicators of (unobserved)determinants of participation behaviour. We use...
Persistent link: https://www.econbiz.de/10005866625
The global financial crisis rapidly spread across borders and financial markets, and also distressed EU bond markets. The crisis did not hit all markets in the same way. We measure the strength and direction of linkages between 16 EU sovereign bond markets using a factor-augmented version of the...
Persistent link: https://www.econbiz.de/10015301939
wages covering the entire economy over theperiod 2001-2006 with monthly frequency. We find that the wage flexibility at … thediscretion of the firm is rather low once we limit measurement error and remove wagechanges due to institutional factors …%and 7%. On average, wages change less often than consumer prices. Less than onepercent of (nominal) wages are cut... …
Persistent link: https://www.econbiz.de/10005866487
Using new micro data on household wealth from fifteen European countries, the household finance and consumption survey, we first document the substantial cross-country variation in how various measures of wealth are distributed across individual households. Through the lens of a standard,...
Persistent link: https://www.econbiz.de/10015302366
This paper provides a new cross-country evaluation of competitiveness, focusing on the linkages between productivity and export performance among European economies. We use the information compiled in the Trade module of CompNet to establish new stylized facts regarding the joint distributions...
Persistent link: https://www.econbiz.de/10015301279
The ECB's annual report on financial integration in Europe contributes to the advancement of the European financial …
Persistent link: https://www.econbiz.de/10015286797
The ECB's annual report on financial integration in Europe contributes to the advancement of the process of European …
Persistent link: https://www.econbiz.de/10015290855
The ECB's annual report on financial integration in Europe contributes to the advancement of the European financial … Europe, especially in the euro area, as reflected in the Eurosystem's mission statement. Financial integration fosters a …
Persistent link: https://www.econbiz.de/10015294414
Persistent link: https://www.econbiz.de/10015316616