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Parting with "blue monday": Preferences in home production and consumer responses to innovations

Witt, Ulrich; Woersdorfer, Julia Sophie - 2011

How can economic theory explain the reasons why consumers adopt innovations? Using the example of innovations in … washing machines two approaches are compared. The first focuses in the manner of household production theory on changes in …

Persistent link: https://www.econbiz.de/10010286759

Artificial Intelligence and the clustering of human capital: The risks for Europe

Brey, Björn; Van der Marel, Erik - 2023

Europe trails the global frontier of productivity growth and the region's trend is sluggish. Much prospective economic growth for Europe is likely to come from AI and its adoption by European firms which is projected to shoot up the productivity trend. For such AI-generated growth to work, high...

Persistent link: https://www.econbiz.de/10014560197

Understanding the technology of computer technology diffusion: explaining computer adoption patterns and implications for the wage structure

Borghans, Lex; ter Weel, Bas - 2008

We review the empirical literature about the implications of the computerization of the labor market to see whether it can explain observed computer adoption patterns and (long-term) changes in the wage structure. Evidence from empirical micro studies turns out to be inconsistent with macro...

Persistent link: https://www.econbiz.de/10010277210

Cyclicality of real wages in the USA and Germany: New insights from wavelet analysis

Marczak, Martyna; Gómez, Víctor - 2012

This article provides new insights into the cyclical behavior of consumer and producer real wages in the USA and … Germany. We apply two methods for the estimation of the cyclical components from the data: the approach based on the … cyclical patterns over time. From the findings of our study, we can infer that the USA and Germany differ with respect to the …

Persistent link: https://www.econbiz.de/10010309235

Lee-Carter and the macroeconomy

Hanewald, Katja - 2009

Using data for six OECD countries, this paper studies the effect of macroeconomic conditions on the mortality index kt in the well-known Lee-Carter model. Significant correlations are found with real GDP growth rates in Australia, Canada, and the United States, and with unemployment rate changes...

Persistent link: https://www.econbiz.de/10010265670

On-the-job search and the cyclical dynamics of the labor market

Krause, Michael U.; Lubik, Thomas A. - 2004

We develop a dynamic general equilibrium model where workers can engage in search while on the job. We show that on-the-job search is a key component in explaining labor market dynamics in models of equilibrium unemployment. The model predicts fluctuations of unemployment, vacancies, and labor...

Persistent link: https://www.econbiz.de/10010293492

On-the-job search and the cyclical dynamics of the labor market

Krause, Michael; Lubik, Thomas A. - 2007

We show how on-the-job search and the propagation of shocks to the economy are intricately linked. Rising search by employed workers in a boom amplifies the incentives of firms to post vacancies. In turn, more vacancies induce more on-the-job search. By keeping job creation costs low for firms,...

Persistent link: https://www.econbiz.de/10010295852

Measuring and Predicting Heterogeneous Recessions

Cakmakli, Cem; Paap, Richard; van Dijk, Dick - 2011

‘financial accelerator’ theory. MultivariateMarkov-switching models that allow for phase shifts between the cyclicalregimes of …

Persistent link: https://www.econbiz.de/10010326552

Measuring and Predicting Heterogeneous Recessions

Çakmaklı, Cem; Paap, Richard; van Dijk, Dick - 2012

suggested by the 'financial accelerator' theory. Multivariate Markov-switching models that allow for phase shifts between the …

Persistent link: https://www.econbiz.de/10010500207

On-the-job search and the cyclical dynamics of the labor market

Krause, Michael U.; Lubik, Thomas A. - 2007

We show how on-the-job search and the propagation of shocks to the economy are intricately linked. Rising search by employed workers in a boom amplifies the incentives of firms to post vacancies. In turn, more vacancies increases job search. By keeping job creation costs low for firms,...

Persistent link: https://www.econbiz.de/10011604825