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How Rigid are Nominal Wages? Evidence and Implications for Germany
Knoppik, Christoph; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2001
find a high degree of downward nominal wage rigidity, which for rates of inflation lower than three percent is shown to … lead to higher equilibrium unemployment via the generated real wage wedge. …
Persistent link: https://www.econbiz.de/10005822114
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Sind Nominallöhne starr? Neuere Evidenz und wirtschaftspolitische Implikationen
Beissinger, Thomas; Knoppik, Christoph - Institute for the Study of Labor (IZA) - 2003
presence of downwardly rigid nominal wages, low inflation may lead to higher equilibrium unemployment by hindering real wage …Bei Vorliegen nach unten starrer Nominallöhne erschwert niedrige Inflation Reallohnanpassungen und führt so … möglicherweise zu erhöhter gleichgewichtiger Arbeitslosigkeit. Dieser Aufsatz analysiert die wachsende Evidenz zu nach unten starren …
Persistent link: https://www.econbiz.de/10005566472
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Downward Nominal Wage Rigidity in Europe: An Analysis of European Micro Data from the ECHP 1994-2001
Knoppik, Christoph; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2005
This paper substantially extends the limited available evidence on existence and extent of downward nominal wage rigidity in the European Union and the Euro Area. For this purpose we develop an econometric multi-country model based on Kahn’s (1997) histogram-location approach and apply it to...
Persistent link: https://www.econbiz.de/10005822909
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Measuring Heterogeneity in Job Finding Rates Among the Nonemployed Using Labor Force Status Histories
Kudlyak, Marianna; Lange, Fabian - Institute for the Study of Labor (IZA) - 2014
We use a novel approach to studying the heterogeneity in the job finding rates of the nonemployed by classifying the nonemployed by labor force status (LFS) histories, instead of using only one-month LFS. Job finding rates differ substantially across LFS histories: they are 25-30% among those...
Persistent link: https://www.econbiz.de/10011094076
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The Macroeconomics of the Labor Market: Three Fundamental Views
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2006
We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …
Persistent link: https://www.econbiz.de/10005763692
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Wage Posting or Wage Bargaining? Evidence from the Employers' Side
Brenzel, Hanna; Gartner, Hermann; Schnabel, Claus - Institute for the Study of Labor (IZA) - 2013
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/10010959640
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Bargaining Frictions and Hours Worked
Auray, Stéphane; Danthine, Samuel - Institute for the Study of Labor (IZA) - 2005
A matching model with labor/leisure choice and bargaining frictions is used to explain (i) differences in GDP per hour and GDP per capita, (ii) differences in employment, (iii) differences in the proportion of part-time work across countries. The model predicts that the higher the level of...
Persistent link: https://www.econbiz.de/10005822396
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Some Surprising Facts about Working Time Accounts and the Business Cycle
Balleer, Almut; Gehrke, Britta; Merkl, Christian - Institute for the Study of Labor (IZA) - 2015
flexibility has also affected how firms adjust employment in Germany. Using a rich microeconomic dataset, we show that firms with … the key driver of the unusually small increase in German unemployment in the Great Recession. …
Persistent link: https://www.econbiz.de/10011196653
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Evaluating Labor Market Reforms: A General Equilibrium Approach
Alonso-Borrego, César; Fernández-Villaverde, Jesús; … - Institute for the Study of Labor (IZA) - 2004
Job security provisions are commonly invoked to explain the high and persistent European unemployment rates. This … both its unemployment and its share of fixed-term employment are the highest. We find that fixedterm contracts increase … unemployment, reduce output, and raise productivity. The welfare effects are ambiguous. …
Persistent link: https://www.econbiz.de/10005762388
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Calvo Wages in a Search Unemployment Model
Bodart, Vincent; Pierrard, Olivier; Sneessens, Henri R. - Institute for the Study of Labor (IZA) - 2006
RBC models with search unemployment and wage renegotiation generate too much wage volatility and too stable … unemployment rate. Shimer (2004) shows that it is possible to reproduce a volatility of unemployment similar to that observed in … unemployment. …
Persistent link: https://www.econbiz.de/10005763722