Showing 1 - 10 of 17
Exploiting changes in the geography of economic integration in Europe, this paper uses detailed bilateral trade data for 50 sectors to carry out an econometric ex post evaluation of the trade cost effects of the United Kingdom's various arrangements with the European Union. The analysis reveals...
Persistent link: https://www.econbiz.de/10011933707
Persistent link: https://www.econbiz.de/10009528861
Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....
Persistent link: https://www.econbiz.de/10010250120
We analyze the most important drivers of the recent rise in overall German wage dispersion and pin down the relative contribution of central establishment and worker characteristics. Moreover, we separately investigate the drivers of between as well as within establishment wage dispersion. Using...
Persistent link: https://www.econbiz.de/10011486998
inequality in Germany. We believe that it is important to be precise in the way in which we define the inequality measure and the … income inequality in Germany does not seem to find strong support in the data. In particular, we find that current low levels … limitations we briefly analyse recent trends in wealth inequality in Germany, and discuss the possible role of recent …
Persistent link: https://www.econbiz.de/10011487003
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
guarantees in Germany. Covering the default risk of exporters' foreign customers, the policy is supposed to enable funding of …
Persistent link: https://www.econbiz.de/10009580766
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
This paper deals with the estimation of the output gap. We use uni- and bivariate unobserved components models in order to decompose the observed German GDP-series into trend, cycle and seasonal components. The results show that using the ifo business assessment variable as an indicator for the...
Persistent link: https://www.econbiz.de/10009781503
The concept of the employment threshold plays an important role in the public discussion of unemployment. The employment threshol d is defined as that growth rate of output which is necessary to keep employment constant despite the continuous rise in labour productivity. It is related to the...
Persistent link: https://www.econbiz.de/10009781535