Narrow search
Showing 1 - 10 of 79
Cover Image
Earnings Dynamics in Germany
Pessoa, Ana Sofia - 2021
transitions between labor status or jobs, whereas for those at the top, earnings changes are mainly induced by wage rate growth …
Persistent link: https://www.econbiz.de/10013224084
Cover Image
Sectoral Okun's Law and Cross-Country Cyclical Differences
Goto, Eiji - 2020
We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the US, the UK, Japan, and Switzerland to test several hypotheses that may explain why the aggregate Okun's coeffcients are different across countries. Specifically, we show that...
Persistent link: https://www.econbiz.de/10012841145
Cover Image
Wages, Skills, and Skill-Biased Technical Change : The Canonical Model Revisited
Bowlus, Audra; Robinson, M. Chris; Lochner, Lance; … - 2021
The canonical supply-demand model of the wage returns to skill has been extremely influential; however, it has faced …
Persistent link: https://www.econbiz.de/10013217553
Cover Image
Inequality and Income Dynamics in Germany
Drechsel-Grau, Moritz; Peichl, Andreas; Schmieder, … - 2022
We provide a comprehensive analysis of income inequality and income dynamics for Germany over the last two decades. Combining personal income tax and social security data allows us — for the first time — to offer a complete picture of the distribution of annual earnings in Germany. We find...
Persistent link: https://www.econbiz.de/10013298363
Cover Image
Biased Expectations and Labor Market Outcomes : Evidence from German Survey Data and Implications for the East-West Wage Gap
Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2023
income in East Germany. The bias difference in labor market expectations explains part of the East-West German wage gap …
Persistent link: https://www.econbiz.de/10014358858
Cover Image
Short-Time Work and Precautionary Savings
Gehrke, Britta; Dengler, Thomas - 2022
In the Covid-19 crisis, most OECD countries have used short-time work (subsidized working time reductions) to preserve employment relationships. This paper studies whether short-time work can save jobs through stabilizing aggregate demand in recessions. First, we show that the consumption risk...
Persistent link: https://www.econbiz.de/10014079142
Cover Image
Pennies from Haven : Wages and Profit Shifting
Alstadsæter, Annette; Bjørkheim, Julie Brun; Davies, … - 2022
, an activity that generates inequality in corporate taxation. Here, we examine how profit shifting relates to wage …, particularly among service firms where the wage premium is approximately 2%. Furthermore, this average effect masks significant … within-firm heterogeneity with high-skill occupations – and managers in particular – earning higher shifting wage premiums …
Persistent link: https://www.econbiz.de/10013299336
Cover Image
Distributional Effects of Macroeconomic Shocks in Real-Time : A Novel Method Applied to the COVID-19 Crisis in Germany
Bruckmeier, Kerstin; Peichl, Andreas; Popp, Martin; … - 2021
The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...
Persistent link: https://www.econbiz.de/10013250264
Cover Image
Real wages and business cycle asymmetries
Woitek, Ulrich - 2004
The cyclicality of real wages has important implications for the validity of competing business cycle theories. However, the empirical evidence on the aggregate level is inconclusive. Using a threshold vector autoregressive model for the US and Germany to condition the relationship between real...
Persistent link: https://www.econbiz.de/10010261205
Cover Image
Heterogeneous Expectations, Indeterminacy, and Postwar US Business Cycles
Ilabaca, Francisco - 2020
This paper estimates a New Keynesian model extended to include heterogeneous expectations, to revisit the evidence that postwar US macroeconomic data can be explained as the outcome of passive monetary policy, indeterminacy, and sunspot-driven fluctuations in the pre-1979 sample, with a switch...
Persistent link: https://www.econbiz.de/10012836715