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Is the European Monetary Union an endogenous currency area? : the example of the labor markets

Buscher, Herbert S.; Gabrisch, Hubert - 2009

Our study tries to find out whether wage dynamics between Euro member countries became more synchronized through the adoption of the common currency. We calculate bivarate correlation coefficients of wage and wage cost dynamics and run a model of endogenously induced changes of coefficients,...

Persistent link: https://www.econbiz.de/10003825804

Declining business dynamism in Europe : the role of shocks, market power, and technology

Biondi, Filippo; Inferrera, Sergio; Mertens, Matthias; … - Leibniz-Institut für Wirtschaftsforschung Halle - 2024 - This version: March 7, 2024

employment shares of young firms decline. Consistent with US evidence, firms’ employment has become less responsive to …

Persistent link: https://www.econbiz.de/10014493768

Robots, occupations, and worker age : a production-unit analysis of employment

Deng, Liuchun; Müller, Steffen; Plümpe, Verena; … - Leibniz-Institut für Wirtschaftsforschung Halle - 2023

We analyse the impact of robot adoption on employment composition using novel micro data on robot use in German … employment effects for the least routine-task intensive occupations and for young workers, with the latter being better at … adapting to change. An event-study analysis of robot adoption confirms both predictions. We do not find adverse employment …

Persistent link: https://www.econbiz.de/10014025782

Organised labour, labour market imperfections, and employer wage premia

Dobbelaere, Sabien; Hirsch, Boris; Müller, Steffen; … - Leibniz-Institut für Wirtschaftsforschung Halle - 2023 - This version: 13.11.2023

This paper examines how collective bargaining through unions and workplace co-determination through works councils relate to labour market imperfections and how labour market imperfections relate to employer wage premia. Based on representative German plant data for the years 1999-2016, we...

Persistent link: https://www.econbiz.de/10014425610

Labour market power and between-firm wage (in)equality

Mertens, Matthias - 2020

This study investigates how labour market power shapes between-firm wage differences using German manufacturing sector data from 1995 to 2016. Over time, firm- and employee-side labour market power, defined as the difference between wages and marginal revenue products of labour (MRPL),...

Persistent link: https://www.econbiz.de/10012261228

Labour market power and between-firm wage (in)equality

Mertens, Matthias - 2021 - This draft: May 18, 2021

I study how labour market power affects firm wage differences using German manufacturing sector firm-level data (1995-2016). In past decades, labour market power increasingly moderated rising between-firm wage inequality. This is becausehigh-paying firms possess high and increasing labour market...

Persistent link: https://www.econbiz.de/10012514890

Competition, cost structure, and labour leverage : evidence from the U.S. airline industry

Wagner, Konstantin - 2020

I study the effect of increasing competition on financial performance through labour leverage. To capture competition, I exploit variation in product market contestability in the U.S. airline industry. First, I find that increasing competitive pressure leads to increasing labour leverage,...

Persistent link: https://www.econbiz.de/10012308288

Organised labour, labour market imperfections, and employer wage premia

Dobbelaere, Sabien; Hirsch, Boris; Müller, Steffen; … - Leibniz-Institut für Wirtschaftsforschung Halle - 2022

This paper examines how collective bargaining through unions and workplace codetermination through works councils shape labour market imperfections and how labour market imperfections matter for employer wage premia. Based on representative German plant data for the years 1999–2016, we...

Persistent link: https://www.econbiz.de/10013359046