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Expansionary and contractionary technology improvements : conference paper

Balleer, Almut; Enders, Zeno - 2013 - Preliminary and incomplete

This paper examines the effects of expansionary technology shocks (shocks that increase labor productivity and factor inputs) as opposed to contractionary technology shocks (shocks that increase labor productivity, but decrease factor inputs). We estimate these two shocks jointly based on a...

Persistent link: https://www.econbiz.de/10010336790

Understanding informality

Elgin, Ceyhun; Kose, M. Ayhan; Ohnsorge, Franziska; Yu, Shu - 2021

-economy business cycles tend to be shallower in advanced economies than in EMDEs. Informal employment in both advanced economies and …

Persistent link: https://www.econbiz.de/10012625108

Downward real wage rigidity and equal treatment wage contracts : evidence from Germany ; conference paper

Snell, Andy; Stüber, Heiko - 2014

Theoretical models of downward real wage rigidity generate asymmetric wage cyclicality with real wages being rigid in "bad" times but upwardly flexible during "good". In this paper we use an administrative panel dataset from Germany to establish that such asymmetries are very salient in Germany....

Persistent link: https://www.econbiz.de/10010490623

Man-cessions, fiscal policy, and the gender composition of employment

Bredemeier, Christian; Jüßen, Falko; Winkler, Roland - 2015

fiscal shocks and non-fiscal shocks on the gender composition of employment. We show that contractionary non-fiscal shocks … lead to man-cessions, i.e. employment falls and more strongly so for men. By contrast, an expansionary fiscal shock … predominantly raises the employment of women. Taken together, these results imply a trade-off dilemma for policy that seeks to …

Persistent link: https://www.econbiz.de/10010502790

Downward real wage rigidity and equal treatment wage contracts : theory and evidence

Snell, Andy; Stüber, Heiko; Thomas, Jonathan P. - 2018

Recent dynamic contracting models of downward real wage rigidity with "equal treatment" - newly hired workers cannot price themselves into jobs by undercutting incumbents – imply that real wages are relatively rigid in "bad" times but upwardly flexible during "good" times. We use an...

Persistent link: https://www.econbiz.de/10011855567

Economic vulnerabilities in Italy : a network analysis using similarities in sectoral employment

Castagna, Alina; Chentouf, Leila; Ernst, Ekkehard - 2017

not allow to analyse spatial interdependence. In our approach, instead, we make use of local employment patterns. In … particular, using sectoral employment of 8091 Italian municipalities across 18 economic activities, our approach allows to … identify spatial inter-linkages in terms of employment patterns. By comparing such local employment patterns, our methodology …

Persistent link: https://www.econbiz.de/10012111812

Technology shocks, structural breaks and the effects on the business cycle.

Atella, Vincenzo; Centoni, Marco; Cubadda, Gianluca - Dipartimento di Economia, Gestione, Società e … - 2007

This paper contributes to the literature on the role of technology shocks as source of the business cycle in two ways. First, we document that time-series of US productivity and hours are apparently affected by a structural break in the late 60’s, which is likely due to a major change in the...

Persistent link: https://www.econbiz.de/10005748313

Technology shocks, structural breaks and the effects on the business cycle

Atella, Vincenzo; Centoni, Marco; Cubadda, Gianluca - Centro di Studi Internazionali Sull'Economia e la … - 2007

Persistent link: https://www.econbiz.de/10005695016

Understanding the Effects of Technology Shocks

Wang, Pengfei; Wen, Yi - In: Review of Economic Dynamics 14 (2011) 4, pp. 705-724

The research led by Gali (AER 1999) and Basu, Fernald, and Kimball (AER 2006) raises two important questions regarding the validity of the RBC theory: (i) How important are technology shocks in explaining the business cycle? (ii) Do impulse responses to technology shocks found in the data reject...

Persistent link: https://www.econbiz.de/10008515784

Revisiting the Productivity-Hours Puzzle in the RBC Paradigm: The Role of Investment Adjustment Costs

Albonico, Alice; Kalyvitis, Sarantis; Pappa, Evi - 2012

Conventional RBC models have been heavily criticized for their inability to generate the estimated negative correlations of hours and productivity in response to technology shocks ('productivity-hours puzzle'). In this paper we show that by just enhancing the standard frame- work with investment...

Persistent link: https://www.econbiz.de/10010343821