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The Price of Security: On the Causality and Impact of Lay-off Risks on Wages
Arent, Stefan; Nagl, Wolfgang - ifo Leibniz-Institut für Wirtschaftsforschung an der … - 2011
We examine the impact of lay-off risks on wages. Portfolio as well as search theoreticmodelling predicts higher exogenous lay-off risks to go along with higher wages. But,an impact of wages on lay-off risks (e.g., endogenous job destruction) is also plausible.Using the German BA Employment Panel...
Persistent link: https://www.econbiz.de/10009021247
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Better Safe than Sorry? The Effects of Income Risk, Unemployment Risk and the Interaction of these Risks on Wages
Nagl, Wolfgang - ifo Leibniz-Institut für Wirtschaftsforschung an der … - 2012
We examine whether income and unemployment risks are compensated by individual wages. Using a portfolio approach we … show that the marginal income risk effect on wages is always positive whereas the marginal unemployment risk effect …
Persistent link: https://www.econbiz.de/10011273085
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Unemployment Benefit and Wages: The Impact of the Labor Market Reform in Germany on (Reservation) Wages
Arent, Stefan; Nagl, Wolfgang - ifo Leibniz-Institut für Wirtschaftsforschung an der … - 2011
In this paper, we contribute to the literature on the impact of the unemployment benefit on (reservation) wages. We use … the German BA-Employment Panel (2008) to identify the effect of a reduced unemployment benefit due to the labor market … reform of 2005 in Germany. Using this unique experiment, we find strong evidence that a lower unemployment benefit has an …
Persistent link: https://www.econbiz.de/10009143963