Similar Search Results

Union bargaining and intra-industry productivity differentials : theory and evidence from Germany ; conference paper

Baumann, Florian; Brändle, Tobias - 2013 - Preliminary version

levels gives rise to the use of firm-level wage agreements reached by unions, while coverage by industry-wide contracts is …

Persistent link: https://www.econbiz.de/10010341121

Aging, the great moderation and business-cycle volatility in a life-cycle model : conference paper

Heer, Burkhard; Rohrbacher, Stefan; Scharrer, Christian - 2014

According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model that replicates the empirically observed pattern and...

Persistent link: https://www.econbiz.de/10010489277

Jahrestagung des Vereins für Socialpolitik 2014 : Thema der Kerntagung: "Evidenzbasierte Wirtschaftspolitik"

Verein für Socialpolitik - 2014

We discuss properties of alternatives or complements to GDP as a measure of welfare at business cycle frequencies. We argue that these figures are not useful to measure the welfare costs of business cycles. First, data is not available at an appropriate quality and frequency. Second, since the...

Persistent link: https://www.econbiz.de/10010480243

Jahrestagung des Vereins für Socialpolitik 2014 : Thema der Kerntagung: "Evidenzbasierte Wirtschaftspolitik"

Verein für Socialpolitik - 2015

Persistent link: https://www.econbiz.de/10011450978

Multi-union bargaining : tariff plurality and tariff competition ; conference paper

Aghadadashli, Hamid; Wey, Christian - 2014

We study sequential bargaining between two unions and a single firm. Parties bargain bilaterally and efficiently (over … wage and employment). The unions' workforces can be substitutable ("tariff competition") or complementary ("tariff … plurality" or "craft unionism"). If unions are substitutable, then too many workers from the first union are employed at the …

Persistent link: https://www.econbiz.de/10010482498

Firing costs : eurosclerosis or eurosuccesses? : paper presented at the HWWA Workshop, August 26-27, 1999, on "Uncertainty and Factor Demands", organized by Michael Funke (Universi...

Chen, Yu-Fu; Snower, Dennis J.; Gylfi Zoega; Funke, Michael - HWWA Workshop on Uncertainty and Factor Demands <1999, …; … - 1999

In this paper we analyse the employment implications of firing restrictions. We find that when a recession is expected and the trend rate of productivity growth is small, a rise in firing costs affects mainly the hiring decision. Thus there is a negative effect on average employment. When, on...

Persistent link: https://www.econbiz.de/10011418198

Implications of bank regulation for credit intermediation and bank stability : a dynamic perspective ; conference paper

Bucher, Monika; Dietrich, Diemo; Hauck, Achim - 2013

Business cycles imply liquidity risks for banks. This paper explores how these risks influence bank lending over the cycle. With forward-looking banks, lending cycles, credit booms and busts, or suppressed and highly fragile bank systems can emerge, depending on the magnitude of liquidity risks....

Persistent link: https://www.econbiz.de/10010341626

Growth expectations, undue optimism, and short-run fluctuations : conference paper

Enders, Zeno; Kleemann, Michael; Müller, Gernot J. - 2013 - Preliminary and incomplete

Expectations matter for economic activity. To the extent that they are fundamentally unwarranted, they represent "undue optimism or pessimism" (Pigou, 1927). In this paper, we identify empirically the effect of undue optimism/pessism ("optimism shocks") on economic activity. In a first step, we...

Persistent link: https://www.econbiz.de/10010342128

What determines borrowing costs at the firm-level : firm-specific and aggregate information ; conference paper

Fidrmuc, Jarko; Scharler, Johann - 2014

We analyze the relationship between firm-specific shocks and aggregate fluctuations. In particular, profitability of firms affected by a negative shock worsens. To the extent that the banks cannot distinguish between aggregate and firm-specific profitability shocks, they will adjust interest...

Persistent link: https://www.econbiz.de/10010482481

Cyclical asset returns in the consumption and investment goods sector : conference paper

Heer, Burkhard; Maußner, Alfred; Süssmuth, Bernd - 2014

We document the empirical fact that asset prices in the consumption-goods and investment-goods sector behave almost identically in the US economy. In order to derive the cyclical behavior of the equity returns in these two sectors, we onsider a standard two-sector real-business cycle model with...

Persistent link: https://www.econbiz.de/10010482490

1
2
3
4
5
6
7
8
9
10
Next
Last