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Income redistribution, consumer credit, and keeping up with the riches

Klein, Mathias; Krause, Christopher - 2019

In this study, we set up a DSGE model with upward looking consumption comparison and show that consumption externalities are an important driver of consumer credit dynamics. Our model economy is populated by two different household types. Investors, who hold the economy's capital stock, own the...

Persistent link: https://www.econbiz.de/10012041964

Filtering German economic conditions from a large dataset : the new DIW economic barometer

Viefers, Paul; Fichtner, Ferdinand; Junker, Simon; … - 2014

This paper presents a revised version of the DIW Economic Barometer, the business cycle index of the German Institute for Economic Research (DIW Berlin). As in earlier versions, we put forward a factor model on a monthly frequency to filter the latent state of the aggregate economy. In the new...

Persistent link: https://www.econbiz.de/10010417490

Sovereign default risk, macroeconomic fluctuations and monetary-fiscal stabilization

Kirchner, Markus; Rieth, Malte - 2021

This paper examines the role of sovereign default beliefs for macroeconomic fluctuations and stabilization policy in a small open economy where fiscal solvency is a critical problem. We set up and estimate a DSGE model on Turkish data and show that accounting for sovereign risk significantly...

Persistent link: https://www.econbiz.de/10012607430

Economic integration, wage policies and social policies

Pflüger, Michael - 2003 - Final version: July 8, 2003

policies and higher wages than the periphery without inducing a relocation of firms. The scope to have higher wage is …

Persistent link: https://www.econbiz.de/10011438609

Parental leave reform and long-run earnings of mothers

Frodermann, Corinna; Wrohlich, Katharina; Zucco, Aline - 2020

Paid parental leave schemes have been shown to increase women's employment rates but decrease their wages in case of …

Persistent link: https://www.econbiz.de/10012155784

Umfang und Kompensation von Überstunden : eine vergleichende Analyse für Westdeutschland und Großbritannien

Wagner, Gert G.; Pannenberg, Markus - 2000

Die Studie analysiert die Determinanten der Inzidenz, des Umfangs und der Kompensation von Überstunden in Westdeutschland und Großbritannien in den Jahren 1991 bis 1998. Ist die Inzidenz von Überstunden in beiden Ländern noch durchaus vergleichbar, so arbeiten britische Arbeitnehmer im...

Persistent link: https://www.econbiz.de/10011433960

Riding the transition roller-coaster : flexibility and the inter-industry wage structure in Russia

Geishecker, Ingo; Haisken-DeNew, John P. - 2002

conditions. The issue of wage arrears (unpaid wages or outstanding pay), which affects half of all employees, plays an important … role in the determination of wages. Studies, which do not account for wage arrears, overestimate the overall inter …

Persistent link: https://www.econbiz.de/10011436169

Winners and losers : fragmentation, trade and wages revisited

Geishecker, Ingo; Görg, Holger - 2004 - Updated version: March 2004

Our paper investigates the link between international outsourcing and wages utilising a large household panel and … outsourcing has had a marked impact on wages. Distinguishing three skill categories we find evidence that outsourcing reduced the … real wage for workers in the lowest skill categories by up to 1.8% while it increased real wages for high-skilled workers …

Persistent link: https://www.econbiz.de/10011439313

The dynamics of earnings in Germany : evidence from social security records

Bönke, Timm; Giesecke, Matthias; Lüthen, Holger - 2015

This paper uncovers ongoing trends in idiosyncratic earnings volatility across generations by decomposing residual earnings auto-covariances into a permanent and a transitory component. We employ data on complete earnings life cycles forprime age men born 1935 through 1974 that covers earnings...

Persistent link: https://www.econbiz.de/10011373904

Earnings responses to social security contributions

Neumann, Michael - 2015

This paper exploits discontinuities induced by earnings caps for social security contributions (SSC) in Germany to analyse the effect of SSC on gross labour earnings. Empirical evidence is based on two complementary approaches utilising two administrative data sets. First, employment responses...

Persistent link: https://www.econbiz.de/10011280002