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We present a new method for imposing and testing concavity of a cost function using asymptotic least squares, which can easily be implemented even for cost functions which are nonlinear in parameters. We provide an illustration on the basis of a (generalized) Box-Cox cost function with six...
Persistent link: https://www.econbiz.de/10010297734
We present a new method for imposing and testing concavity of a cost function using asymptotic least squares, which can easily be implemented even for cost functions which are nonlinear in parameters. We provide an illustration on the basis of a (generalized) Box-Cox cost function with six...
Persistent link: https://www.econbiz.de/10005098316
We analyze the evolution of the wage structure in East Germany over the past two decades and compare it to West Germany …. Both regions experienced a rise in wage inequality between 1995 and 2009 with wage dispersion in East Germany exceeding … West Germany, esp. at the top. We also show that wage inequality is no longer rising in Germany and has even been declining …
Persistent link: https://www.econbiz.de/10012388450
large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment … in Germany increased (unlike in the U.S. and Britain, where it fell). British and German evidence is further backed up … with alternative data sets for these countries. I find evidence for the Krugman hypothesis when Germany is compared to the …
Persistent link: https://www.econbiz.de/10010297281
Diese Arbeit untersucht empirisch den Zusammenhang von Beschäftigung und Lohnstrukturen zwischen sowie innerhalb von Qualifikations- und Altersgruppen. Zunächst werden Substitutionselastizitäten zwischen Qualifikations- und Altersgruppen geschätzt und die Lohnveränderungen bestimmt, die...
Persistent link: https://www.econbiz.de/10010297341
It is commonplace in the debate on Germany?s labor market problems to argue that high unemployment and low wage … empirical analysis attempts to discriminate between the two hypotheses for West Germany analyzing the relationship between wage …
Persistent link: https://www.econbiz.de/10010297414
structure in Germany. Motivated by search theory, we use the data to explore descriptively labor market transitions and features …
Persistent link: https://www.econbiz.de/10010297507
Dieser Beitrag nimmt aus theoretischer und ökonometrischer Sicht zu der Kontroverse über die Bedeutung der qualifikatorischen Lohnstruktur zur Erklärung der Beschäftigungsstruktur Stellung. Basierend auf einer Einteilung in drei Qualifikationsgruppen zeigt sich empirisch, dass die Entlohnung...
Persistent link: https://www.econbiz.de/10010297568
This study deals with the determinants of factor demand in 27 industries of the manufacturing sector during the period 1978 to 1990. Using a quadratic cost function, six production factors are distinguished : capital, energy, three types of labour and intermediate materials. A parametric test of...
Persistent link: https://www.econbiz.de/10010297609
At the turn of the millennium three frequently cited potential causes of new challenges for wage policy in Germany are …
Persistent link: https://www.econbiz.de/10010297646