We study the relationship between cyclical job and worker flows at the plant level using a new data set spanning from 1976-2006. We find that procyclical labor demand explains relatively little of procyclical worker flows. Instead, all plants in the employment growth distribution increase their...

We study the relationship between cyclical job and worker flows at the plant level using a new data set spanning from 1976-2006. We find that procyclical labor demand explains relatively little of procyclical worker flows. Instead, all plants in the employment growth distribution increase their...

We study the relationship between cyclical job and worker flows at the establishment level using the new German AWFP dataset spanning from 1975-2014. We find that worker turnover moves more procyclical than job turnover. This procyclical worker churn takes place along the entire employment...

We study the relationship between cyclical job and worker flows at the plant level using a new data set spanning from 1976-2006. We find that procyclical labor demand explains relatively little of procyclical worker flows. Instead, all plants in the employment growth distribution increase their...

We find that worker turnover is more procyclical than job turnover. Procyclical worker churn result almost exclusively from job-to-job transitions. The size and cyclical properties of churn are close to uniform along the entire employment growth distribution of establishments. Even shrinking...

We study the relationship between employment growth and worker flows in excess of job flows (churn) at the establishment level using the new German AWFP dataset spanning from 1975–2014. Churn is above 5 percent of employment along the entire employment growth distribution and most pronounced...

When employers face a trade-off between growing large and paying low wages—that is, when they have monopsony power—some productive employers will decide to acquire fewer customers, forgo sales, and remain small. These decisions have adverse consequences for aggregate labor productivity....

This article discusses the economic effects of a potential cut-off of the German economy from Russian energy imports. We show that the effects are likely to be substantial but manageable. In the short run, a stop of Russian energy imports would lead to a GDP decline in range between 0.5% and 3%...

In diesem Artikel werden die wirtschaftlichen Auswirkungen eines möglichen Stopps russischer Energieimporte auf die deutsche Wirtschaft diskutiert. Wir zeigen, dass die Auswirkungen wahrscheinlich substanziell, aber handhabbar sein werden. Kurzfristig würde ein Stopp der russischen...

Ein Ende der Gaslieferungen aus Russland ist in letzter Zeit deutlich wahrscheinlicher geworden. Die russischen Liefermengen wurden bereits substantiell reduziert, und die Unsicherheit über künftige Lieferungen und die Versorgungslage im Winter ist groß. In dieser Studie fragen wir, was die...