Showing 1 - 10 of 31
In this study, the relation between consumer credit and real economic activity during the Great Moderation is studied in a dynamic stochastic general equilibrium model. Our model economy is populated by two different household types. Investors, who hold the economy’s capital stock, own the...
Persistent link: https://www.econbiz.de/10010417174
This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our panel data estimates suggest that it is...
Persistent link: https://www.econbiz.de/10011570812
This study analyzes the educational attainment and early labor market outcomes of young migrants from the Former Soviet Union (FSU) who arrived in Germany between 1989 and 1994. The results reveal that migrants have lower educational attainments than natives, and that within the group of...
Persistent link: https://www.econbiz.de/10009771160
not match their educational level, settling for lower wages than their peers. This raises the question, how these …
Persistent link: https://www.econbiz.de/10011988619
We contribute to the empirical literature on the effective incidence of corporate income taxation. We focus on the so-called direct incidence via the wage bargaining process. Building on the innovative framework of Arulampalam, Devereux and Maffini (2012), we analyze the importance of various...
Persistent link: https://www.econbiz.de/10010487063
Business Tax Reform of the year 2000 (GBTR 2000) as a natural experiment. Its effect on wages in the manufacturing sector is …
Persistent link: https://www.econbiz.de/10010487690
expectations and wages, and a significantly positive relationship between optimistic bias in job finding expectations and … search and matching model of the labor market. Removing the biases could substantially increase wages and expected lifetime …
Persistent link: https://www.econbiz.de/10014466945
Wage growth is stronger in larger cities, but this relationship holds exclusively for non-manual workers. Using rich German administrative data, I study the heterogeneity in the pecuniary value of big city experience, a measure of dynamic agglomeration economies, and its consequences for the...
Persistent link: https://www.econbiz.de/10014228358
This paper estimates the effects of cohort size on wages, employment and work time for workers in Germany. The … peak of the baby boom earn at least 5.3% lower wages than comparable workers born during the subsequent baby bust. Highly … specialized females born into large cohorts earn 2.5% lower wages than their counterparts from small cohorts. Employment effects …
Persistent link: https://www.econbiz.de/10011520610
Following the seminal work of Chiswick (1978), many studies have examined the extent to which earnings of immigrants vary over the settlement process. While these studies usually find that the initial earnings gap between native and immigrant workers in traditional immigration countries...
Persistent link: https://www.econbiz.de/10011520616