Using two data sets derived from German administrative data, including a linked employer-employee data set, we investigate the cyclicality of worker and job flows. The analysis stresses the importance of two-sided labour market heterogeneity in this context, taking into account both observed and...

Das Hamburger Modell zur Beschäftigungsförderung zielt darauf ab, Arbeitslose mit geringen Verdienstmöglichkeiten und schlechten Arbeitsmarktchancen durch zeitlich befristete Zuschüsse, die sowohl den Teilnehmern an der Maßnahme als auch den Arbeitgebern gewährt werden, in den regulären...

Human capital investment is formed through households' endogenous decision, and competes with physical capital investment. Idiosyncratic shock shifts the skilled labor share and changes tightness in both skilled and unskilled markets. Given inelastic labor participation, the model can generate...

In the last years the analysis of flow figures turned out to highly informative for labour market research and policy advice. Among researchers it is a well known fact that cross-sectional information about labour market is not sufficient to understand ungoing development. A pure sequence of...

This paper analyzes the importance of time aggregation in the measurement of worker flows by exploiting daily information from German administrative data. Time aggregation caused by comparing monthly labor market states leads to an underestimation of total worker flows by around 10%. Contrary to...

Does the low wage sector serve as a stepping stone towards integration into better-paid jobs or at least towards integration of jobless people into employment? There is evidence for a 'low-wage trap' and for a high risk of low-wage earners to get unemployed, but this may also be due to sorting...

Für die mikroanalytische Evaluation der Förderung der beruflichen Weiterbildung (FbW) von Arbeitslosen wird üblicherweise gefragt, ob es aufgrund der Weiterbildung zu Übergängen in neue Beschäftigungsverhältnisse gekommen ist. Arbeitsmarktpolitisch wichtig ist aber auch, welche Qualität...

This paper studies the interaction of financing constraints and labor market imperfections on the labor market and economic activity. My analysis builds on the agency cost framework of Carlstrom and Fuerst [1998. Agency costs and business cycles. Economic Theory, 12(3):583-597]. The aim of this...

We document the sources behind the costs of job loss over the business cycle using administrative data from Germany. Losses in annual earnings after displacement are large, persistent, and highly cyclical, nearly doubling in size during downturns. A large part of the long-term earnings losses...

We analyse the role that education signals play in the transition rates from unemployment to finding a job. We compare the results for Ethnic Germans with those for foreigners from the same origin countries and Native Germans. In the first case, the two have the same labour market access but...