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, we investigate the employment effects of innovations over the business cycle. Our analysis employs a large data set of …. (2014), our empirical analysis reveals four important findings: First, the net effect of product innovation on employment … demand losses from old products by demand gains of new products to a substantial degree. As a result their net employment …
Persistent link: https://www.econbiz.de/10011563081
. Using unique panel data, we find that households who report storm damage increased their risk taking. We do not find …
Persistent link: https://www.econbiz.de/10011454120
problems, is overcome by adopting a Bayesian Model Averaging approach. I apply this method to a panel data set that covers 17 … applying an instrumental variable estimation approach. -- Unemployment ; institutions ; labor and product markets ; model …
Persistent link: https://www.econbiz.de/10008652532
and occupation explain fairly little. Extending the analysis to total employment confirms the basic findings, while …
Persistent link: https://www.econbiz.de/10011745038
, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run …
Persistent link: https://www.econbiz.de/10011446670
We develop a tractable macroeconomic model with employment risk and labor market search in order evaluate the effects … employment effects: the equilibrium unemployment rate has been reduced by approximately 1.1 percentage points from 7.5 to 6 …
Persistent link: https://www.econbiz.de/10008651589
The shift of employment from lower to higher productive firms is an important driver for structural change and industry … dynamics. We investigate this reallocation in terms of employment gains and losses from innovation. New employment created by … product innovation may be offset by employment losses in related products, known as 'cannibalisation' or 'business stealing …
Persistent link: https://www.econbiz.de/10011563084
model is used to assess this development. In particular, estimation results for investment and employment adjustment after … a breakdown of production and employment followed by a slow recovery starting in 1992. In this paper, a macroeconometric … this paper to cover also unified Germany. The results reveal that the adjustment of investment and employment can be …
Persistent link: https://www.econbiz.de/10011443447
The effect of innovations on employment at the firm level is theoretically ambiguous. The present paper analyses this … relationship using panel data on German start-up firms as well as German patent data. It employs different indicators of patenting … activity. By applying fixed-effects and first-differencing panel data methods it is shown that patenting activity has a …
Persistent link: https://www.econbiz.de/10002515557
Persistent link: https://www.econbiz.de/10001701754