Showing 1 - 10 of 19
Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel dataset that contains all German banks'...
Persistent link: https://www.econbiz.de/10003923511
Insufficient capital buffers of banks have been identified as one main cause for the large systemic effects of the recent financial crisis. Although higher capital is no panacea, it yet features prominently in proposals for regulatory reform. But how do increased capital requirements affect...
Persistent link: https://www.econbiz.de/10009570042
The production index is an important indicator for assessing the cyclical state of the economy. Unfortunately, the monthly time series is contaminated by many noisy components like seasonal variations, calendar and vacation effects. Only part of those nuisance components are explicitly...
Persistent link: https://www.econbiz.de/10011514105
In this paper, an Unobserved Components Model is employed to decompose German real GDP into the trend, cycle and seasonal components and the working day effect. The most important findings are: 1) The growth rate of potential output declined from 4.2 per cent in the sixties to 1.4 per cent at...
Persistent link: https://www.econbiz.de/10011409368
Germany, we find that works councils affect wage growth only in combination with collective bargaining. Wage adjustments to …
Persistent link: https://www.econbiz.de/10013137244
results in wage setting. It derives a time-varying indicator of union strength and confronts it with annual data for Germany …
Persistent link: https://www.econbiz.de/10013121755
Using a large administrative dataset for Germany, this paper compares employment developments in exiting and surviving … establishments. For both West and East Germany we find a clear "shadow of death" effect reflecting lingering illness: establishments … are more clearly visible in West than in East Germany. Our results also hold when applying a matching approach …
Persistent link: https://www.econbiz.de/10013096121
Using a large data set for Germany, we show that both the raw and the unexplained gender earnings gap are higher in …
Persistent link: https://www.econbiz.de/10013108229
Using a representative establishment data set for Germany, we show that more than 40 percent of plants covered by … restrictions imposed by the rather centralized system of collective bargaining in Germany, plants which make use of single …
Persistent link: https://www.econbiz.de/10013158067
German considerations (such as the transition process in post-communist Eastern Germany) and sustained intervals of classic …
Persistent link: https://www.econbiz.de/10012780525