At the firm level, revenue and costs are well measured but prices and quantities are not. This paper shows that because … often inconsistent with profit maximization or imply implausibly large profits. The puzzle arises because popular estimators … the restrictions imposed by profit maximization (cost minimization) so that estimators are inconsistent or poorly …

We study short- and long-term wage effects of two important elements of non-wage labour costs: firing costs and payroll …, which predicts an ambiguous effect on wages: firing costs are expected to increase wages, because they increase the … for the endogeneity of the treatment status, suggest that decreased firing costs and payroll taxes have a positive overall …

issue of labour market flexibility in transition countries by studying the optimality and efficiency of labour usage among … by value-added and capital stock. Speed of adjustment and labour use optimality and efficiency show much greater … the efficiency of labour usage. On average there is shortage of labour compared to firms? own optimal level, while over …

issue of labour market flexibility in transition countries by studying the optimality and efficiency of labour usage among … by value-added and capital stock. Speed of adjustment and labour use optimality and efficiency show much greater … the efficiency of labour usage. On average there is shortage of labour compared to firms’ own optimal level, while over …

In this article, I study state dependence in social assistance receipt in Germany using annual survey data from the … persistence rates and the absolute level of structural state dependence are higher in Eastern Germany than in Western Germany. I …

prominent events – is also to discover for life satisfaction before and after retirement in Germany. …

eliminate this bias. Estimates from two large panel datasets from Portugal and Germany show that the bias is empirically …

We use the synthetic control method to analyze the effect of face masks on the spread of Covid-19 in Germany. Our …

adaptation retirement effects of statutory insured and civil service pensioners in Germany. Main findings: The occupational …

In this article, I study state dependence in social assistance receipt in Germany using annual survey data from the … persistence rates and the absolute level of structural state dependence are higher in Eastern Germany than in Western Germany. I …