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Pesaran, M. Hashem; Timmermann, Allan - Institute for the Study of Labor (IZA) - 2004

This paper considers the problems facing decision makers using econometric models in real time. It identifies the key stages involved and highlights the role of automated systems in reducing the effect of data snooping. It sets out many choices that researchers face in construction of automated...

Persistent link: https://www.econbiz.de/10005763536

Real Wages over the Business Cycle: OECD Evidence from the Time and Frequency Domains

Messina, Julián; Strozzi, Chiara; Turunen, Jarkko - Institute for the Study of Labor (IZA) - 2008

We study differences in the adjustment of aggregate real wages in the manufacturing sector over the business cycle across OECD countries, combining results from different data and dynamic methods. Summary measures of cyclicality show genuine cross-country heterogeneity even after controlling for...

Persistent link: https://www.econbiz.de/10005703513

Extensive vs. Intensive Margin in Germany and the United States: Any Differences?

Merkl, Christian; Wesselbaum, Dennis - Institute for the Study of Labor (IZA) - 2010

This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the …

Persistent link: https://www.econbiz.de/10008455543

Real Wage Cyclicality in Germany and the UK: New Results Using Panel Data

Peng, Fei; Siebert, W. Stanley - Institute for the Study of Labor (IZA) - 2007

This paper compares the cyclical behaviour of male real wages in Germany and the UK using the German Socio … unemployment rate as the cyclical measure, we find real wages of stayers in the private sector in West Germany - but not East … Germany - to be procyclical, and quite sensitive to unemployment, comparable to the US and the UK. We find cyclicality in the …

Persistent link: https://www.econbiz.de/10005703499

The Microstructure of the Great Export Collapse in German Manufacturing Industries, 2008/2009

Wagner, Joachim - Institute for the Study of Labor (IZA) - 2012

the micro-structure of the recent export collapse in manufacturing industries in Germany during the crisis of 2008 …

Persistent link: https://www.econbiz.de/10009653980

The German Manufacturing Sector is a Granular Economy

Wagner, Joachim - Institute for the Study of Labor (IZA) - 2011

Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries. The implications of this finding for theoretical and empirical research...

Persistent link: https://www.econbiz.de/10009371863

What Explains the German Labor Market Miracle in the Great Recession?

Burda, Michael C.; Hunt, Jennifer - Institute for the Study of Labor (IZA) - 2011

Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment …

Persistent link: https://www.econbiz.de/10009144850

Real Wages and the Business Cycle in Germany

Marczak, Martyna; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2010

This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany …

Persistent link: https://www.econbiz.de/10008678691

Wage Cyclicality under Different Regimes of Industrial Relations

Gartner, Hermann; Schank, Thorsten; Schnabel, Claus - Institute for the Study of Labor (IZA) - 2010

Germany, we find that works councils affect wage growth only in combination with collective bargaining. Wage adjustments to …

Persistent link: https://www.econbiz.de/10008682251

Causal Analysis after Haavelmo

Heckman, James J.; Pinto, Rodrigo - Institute for the Study of Labor (IZA) - 2013

Haavelmo's seminal 1943 paper is the first rigorous treatment of causality. In it, he distinguished the definition of causal parameters from their identification. He showed that causal parameters are de fined using hypothetical models that assign variation to some of the inputs determining...

Persistent link: https://www.econbiz.de/10010766377