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Tight labour markets are usually accompanied by mounting wage pressures. Yet, in the past decade, wage growth has remained subdued despite the appearance of widespread labour shortages. This paper re-examines labour market conditions since 2007 through the lens of a novel indicator, relative...
Persistent link: https://www.econbiz.de/10012605272
This paper investigates the relationship between bilateral FDI positions and cross-country business cycle correlations in the period 1982–2001. We find that countries that have comparatively intensive FDI relations also have more synchronized business cycles during 1995–2001. Before 1995, we...
Persistent link: https://www.econbiz.de/10011604447
This paper identifies the effect of financing constraints on firms’ labor demand. We exploit exogenous funding shocks to German savings banks during the US mortgage crisis that are unrelated to local conditions. We find that firms with credit relationships with affected banks experienced a...
Persistent link: https://www.econbiz.de/10011605866
This paper identifies the effect of financing constraints on firms' labor demand. We exploit exogenous funding shocks to German savings banks during the US mortgage crisis that are unrelated to local conditions. We find that firms with credit relationships with affected banks experienced a...
Persistent link: https://www.econbiz.de/10013019626
. Towards the upper tail of the wealth distribution the gap narrows to a small extent. This gap persists even after controlling …
Persistent link: https://www.econbiz.de/10011605348
Earnings are riskier and more unequal for households born in the 1960s and 1980s than for those born in the 1940s. Despite the improvements in financial conditions, younger generations are less likely to be living in their own homes than older generations at the same age. By using a life-cycle...
Persistent link: https://www.econbiz.de/10012515443
, workers earn significantly higher wages when employed in more profitable firms. The time dimension of our matched employer …-employee data allows us to instrument firms' profitability by its lagged value. The instrumented elasticity between wages and …
Persistent link: https://www.econbiz.de/10011605149
Earnings are riskier and more unequal for households born in the 1960s and 1980s than for those born in the 1940s. Despite the improvements in financial conditions, younger generations are less likely to be living in their own homes than older generations at the same age. By using a life-cycle...
Persistent link: https://www.econbiz.de/10013243806
, workers earn significantly higher wages when employed in more profitable firms. The time dimension of our matched employer …-employee data allows us to instrument firms' profitability by its lagged value. The instrumented elasticity between wages and …
Persistent link: https://www.econbiz.de/10013155793
We use household surveys to describe differences in wages, income, wealth and liquid assets of households born in their … are more substantial than the differences in wages and incomes: immigrants earn on average about 30% lower wages than … immigrants-around 30%-can be explained by differences in demographics (age, gender, marital status, education, occupation, sector …
Persistent link: https://www.econbiz.de/10014278204