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Wage competition with international capital mobility

Lorz, Jens Oliver - Institut für Weltwirtschaft (IfW) - 1997

This paper analyzes wage competition between national trade unions caused by the international mobility of capital. Perfect capital mobility leads to a Bertrand result for the outcome of wage competition: A pure strategy equilibrium implies full employment in all countries. It is shown that such...

Persistent link: https://www.econbiz.de/10009276252

Environmental tax reform with irreversible investment, technological progress and unemployment

Scholz, Christian M. - Institut für Weltwirtschaft (IfW) - 1997

This paper analyzes if unemployment can be reduced through labor tax cuts that are financed in a revenue neutral way … saving technologies, irreversibilities, embodied technological progress and involuntary unemployment. Arguments are presented … unemployment since this puts more pressure on firms that are using old technologies to adopt a more efficient energy saving …

Persistent link: https://www.econbiz.de/10009276773

Economic and Political Governance in Germany's Social Market Economy

Siebert, Horst - Institut für Weltwirtschaft (IfW) - 2004

Germany’s system of economic and political governance strongly relies on group decision-making and consensus to solve economic issues. This approach relates to a wide spectrum of decisions, including the social partners with the trade unions and the employers’ associations in wage formation,...

Persistent link: https://www.econbiz.de/10005076104

FDI, skill-specific unemployment, and institutional spillover effects

Schmerer, Hans-Jörg - Institut für Weltwirtschaft (IfW) - 2012

facilitates the analysis of skill-specific institutional changes. A government can influence wages and unemployment of the low …

Persistent link: https://www.econbiz.de/10009416986

Structural unemployment in Europe: A bird's-eye view

Paqué, Karl-Heinz - Institut für Weltwirtschaft (IfW) - 1996

This paper presents a synoptic interpretation of structural unemployment in Europe. The paper consists of three parts …. Part 1 summarises some major stilysed facts of the record and the state of unemployment in Europe. In part 2, these facts … are taken as the basis for a theoretical interpretation of the genesis and persistence of European unemployment. Part 3 …

Persistent link: https://www.econbiz.de/10009276307

They Are Even Larger! More (on) Puzzling Labor Market Volatilities

Gartner, Hermann; Merkl, Christian; Rothe, Thomas - Institut für Weltwirtschaft (IfW) - 2009

This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...

Persistent link: https://www.econbiz.de/10004987458

Real wages and monetary policy transmission in the euro area

McCallum, Andrew; Smets, Frank - Institut für Weltwirtschaft (IfW) - 2007

We use the Factor-Augmented Vector Autoregression (FAVAR) approach of Bernanke, Boivin and Eliasz (2005) to estimate the effects of monetary policy shocks on wages and employment in the euro area. The use of a large data set comprising country, sectoral and euro area-wide data allows us to...

Persistent link: https://www.econbiz.de/10005818845

Regulation of Europe's Network Industries: The Perspective of the New Economic Theory of Federalism

Bickenbach, Frank - Institut für Weltwirtschaft (IfW) - 2000

The paper starts with a description of major reforms of EU policy in the network industries. Based on the normative economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An appropriate allocation of regulatory competencies may...

Persistent link: https://www.econbiz.de/10005755260

The Role of Labor Markets for Euro Area Monetary Policy

Christoffel, Kai; Kuester, Keith; Linzert, Tobias - Institut für Weltwirtschaft (IfW) - 2009

In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in which labor markets are characterized by search and matching frictions. We first investigate to which extent a more flexible labor market would alter the business cycle behavior...

Persistent link: https://www.econbiz.de/10004992847

Wage Rigidity and Job Creation

Haefke, Christian; Sonntag, Marcus; Rens, Thijs van - Institut für Weltwirtschaft (IfW) - 2009

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …

Persistent link: https://www.econbiz.de/10005700599