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This paper studies the long-term consequences on firms and workers of the credit crunch triggered by the 2007-2008 global financial crisis. Relying on a unique matched bank-employer-employee administrative dataset, we construct a firm-specific credit supply shock and examine firms' and workers'...
Persistent link: https://www.econbiz.de/10014446339
It is commonplace in the debate on Germany?s labor market problems to argue that high unemployment and low wage … dispersion are related. This paper analyses the relationship between unemployment and residual wage dispersion for individuals … with comparable attributes. In the conventional neoclassical point of view, wages are determined by the marginal product of …
Persistent link: https://www.econbiz.de/10010297414
close relationship exists between wages and labor market transitions as predicted by search theory. However, the noticeable …
Persistent link: https://www.econbiz.de/10010297507
It is commonplace in the debate on Germany?s labor market problems to argue that high unemployment and low wage … dispersion are related. This paper analyses the relationship between unemployment and residual wage dispersion for individuals … with comparable attributes. In the conventional neoclassical point of view, wages are determined by the marginal product of …
Persistent link: https://www.econbiz.de/10005098162
close relationship exists between wages and labor market transitions as predicted by search theory. However, the noticeable …
Persistent link: https://www.econbiz.de/10005098266
Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … related to negative relative demand shocks against the unskilled in the industrialised world, combined with flexible wages in … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …
Persistent link: https://www.econbiz.de/10010297281
Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … related to negative relative demand shocks against the unskilled in the industrialised world, combined with flexible wages in … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …
Persistent link: https://www.econbiz.de/10005097817
relative wage and unemployment differentials for various labour market defining characteristics. A simultaneous increase in the … relative wage and the unemployment likelihood is defined as a relative wage rigidity dynamic for a labour market characteristic …
Persistent link: https://www.econbiz.de/10010297721
the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a … stability of educational wage premia was justified by market forces. However, relative wages did not respond to negative net …
Persistent link: https://www.econbiz.de/10010297774
the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a … stability of educational wage premia was justified by market forces. However, relative wages did not respond to negative net …
Persistent link: https://www.econbiz.de/10005097544