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Ex-ante heterogeneity, separations, and labor market dynamics

Barreto, César; Merkl, Christian - 2024

of the unemployment pool. We show that workers with high wages have both lower separation rates and larger log … unemployment pool in recessions, leading to a positive correlation between unemployment and the prior wage of those losing their …

Persistent link: https://www.econbiz.de/10015077782

Are immigrants overeducated in Germany? Determinants and wage effects of educational mismatch

Schwientek, Caroline - 2016

This paper investigates determinants and wage effects of educational mismatch for both natives and immigrants in … Germany. Using the GSOEP panel data from 1991 to 2013, I find that conditional on educational attainment immigrants face a … higher incidence of overeducation compared to their native counterparts. Among immigrants German language skills as well as …

Persistent link: https://www.econbiz.de/10011478814

Business cycle asymmetries and the labor market

Kohlbrecher, Britta; Merkl, Christian - 2016

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

Persistent link: https://www.econbiz.de/10011447703

Business cycle asymmetries and the labor market

Kohlbrecher, Britta; Merkl, Christian - 2022

This paper shows that a search and matching model with idiosyncratic training cost shocks can explain the asymmetric movement of the job-finding rate over the business cycle and the decline of matching efficiency in recessions. Large negative aggregate shocks move the hiring cutoff into a part...

Persistent link: https://www.econbiz.de/10013189091

Wage and employment cyclicalities at the establishment level

Merkl, Christian; Stüber, Heiko - 2023

Although the quantitative relationship between employment cyclicality and wage cyclicality is central for the dynamics of macroeconomic models, there is little empirical evidence on this topic. We use the German AWFP dataset to document that wage cyclicalities are very heterogeneous across...

Persistent link: https://www.econbiz.de/10014417641

Labor selection over the business cycle: An empirical assessment

Hochmuth, Brigitte; Gartner, Hermann; Kohlbrecher, Britta; … - 2016

, and national level and show that it is negatively correlated with unemployment. In addition, panel estmations reveal a …

Persistent link: https://www.econbiz.de/10011447702

Inspecting the relation of search cost and search duration for new hires

Carbonero, Francesco; Gartner, Hermann - 2017

Fixed search costs, i.e. costs that don't vary with search duration, can amplify the cyclical volatility of the labor market. To assess the size of fixed costs, we analyse the relation of search costs and search duration with data from Germany. Using an OLS regression we find that fixed search...

Persistent link: https://www.econbiz.de/10011761051

The (ir)relevance of real wage rigidity for optimal monetary policy

Kohlbrecher, Britta - 2019

Real wage rigidity is known to create a substantial trade-off between inflation and employment stabilization for monetary policy in New Keynesian models with search frictions on the labor market. This paper shows that, quantitatively, this finding hinges very much on the assumption of constant...

Persistent link: https://www.econbiz.de/10012120525

Wage cyclicalities and labor market dynamics at the establishment level: Theory and evidence

Merkl, Christian; Stüber, Heiko - 2016

This paper analyzes the effects of different wage cyclicalities on labor market flow dynamics at the establishment level. We derive a model that allows for heterogeneous wage cyclicalities across firms over the business cycle and confront the theoretical results with the new AWFP dataset, which...

Persistent link: https://www.econbiz.de/10011582202

Value added, wages, and labor market flows at the establishment level

Merkl, Christian; Stüber, Heiko - 2017

In this paper, we analyze the connection between value added, wages, and labor market ows at the establishment level. For this purpose, we first develop a simple model to illustrate the expected comovement of these variables. For the empirical analysis, we link the new German Administrative Wage...

Persistent link: https://www.econbiz.de/10011590562