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Do structural policies affect macroeconomic stability?
Ziemann, Volker - 2013
Using a panel of OECD countries, this study assesses the linkages between structural policies and macroeconomic stability. Business cycle and time-series characteristics of GDP and its components are employed to define various measures for economic instability and for the persistence of adverse...
Persistent link: https://www.econbiz.de/10009769653
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Labor Market Tightness and Union Activity
Pezold, Chantal; Jäger, Simon; Nüß, Patrick - National Bureau of Economic Research - 2023
We study how labor market conditions affect unionization decisions. Tight labor markets might spur unionization, e.g., by reducing the threat of unemployment after management opposition or employer retaliation in response to a unionization attempt. Tightness might also weaken unionization by...
Persistent link: https://www.econbiz.de/10014447309
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Skill-Biased Technological Change and the Business Cycle
Balleer, Almut; Rens, Thijs van - In: The Review of Economics and Statistics 95 (2013) 4, pp. 1222-1237
Over the past two decades, technological progress in the United States has been biased toward skilled labor. What does this imply for business cycles? We construct a quarterly skill premium from the CPS and use it to identify skill-biased technology shocks in a VAR with long-run zero and sign...
Persistent link: https://www.econbiz.de/10011009899
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Skill-Biased Technological Change and the Business Cycle
Balleer, Almut; van Rens, Thijs - C.E.P.R. Discussion Papers - 2011
Over the past two decades, technological progress in the United States has been biased towards skilled labor. What does this imply for business cycles? We construct a quarterly skill premium from the CPS and use it to identify skill-biased technology shocks in a VAR with long-run restrictions....
Persistent link: https://www.econbiz.de/10009643505
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Non-linear dynamics of real wages over the business cycle
Altavilla, Carlo; Vinci, Concetto Paolo - In: Journal of Applied Economics XIV (2011) May, pp. 81-99
This paper aims at analysing the dynamic properties of real wages over the business cycle. We apply a Bayesian vector autoregressive (BVAR) model and analyse the possible asymmetric behaviour of real wages in response to different macroeconomic shocks. Finally, we use the NBER business cycle...
Persistent link: https://www.econbiz.de/10009132761
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Wage Rigidity and Job Creation
Haefke, Christian; Sonntag, Marcus; van Rens, Thijs - C.E.P.R. Discussion Papers - 2012
Recent research in macroeconomics emphasizes the role of wage rigidity in accounting for the volatility of unemployment fluctuations. We use worker-level data from the CPS to measure the sensitivity of wages of newly hired workers to changes in aggregate labor market conditions. The wage of new...
Persistent link: https://www.econbiz.de/10011084442
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International Production Networks in the Nordic/Baltic Region
Ekholm, Karolina; Hakkala, Katarina - Trade and Agriculture Directorate, Organisation de … - 2008
The Nordic countries are characterized by relatively compressed wage structures, implying that the incentives to offshore activities intensive in low-skilled labour might be particularly strong in these countries. In this paper, we document the recent changes in measures of offshoring and find...
Persistent link: https://www.econbiz.de/10004962815
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Outsourcing in East Asia and its impact on the Japanese and Korean Labour Markets
Ahn, Sanghoon; Fukao, Kyoji; Ito, Keiko - Trade and Agriculture Directorate, Organisation de … - 2008
and investigates the impacts of international outsourcing on the Japanese and the Korean labour markets. The main findings … outsourcing and the international fragmentation of production. Third, reflecting the fact that outsourcing to Asia (particularly … manufacturing as a result of outsourcing. For Korea, although the overall effects of outsourcing have been insignificant in Korea …
Persistent link: https://www.econbiz.de/10004962869
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Import competition from and outsourcing to China: a curse or blessing for firms?
Mion, Giordano; Zhu, Linke - C.E.P.R. Discussion Papers - 2011
country of origin and distinguish between firm-level outsourcing of final versus intermediate goods. Results indicate that … China is different from both other low-wage and OECD countries. Industry-level import competition and firm-level outsourcing … Belgian firm survival, while firm-level outsourcing of finished goods to China even increased firm's probability of survival …
Persistent link: https://www.econbiz.de/10008854491
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Assortative outsourcing with exit
Bakhtiari, Sasan - In: The B.E. journal of theoretical economics 16 (2016) 1, pp. 119-142
Persistent link: https://www.econbiz.de/10011431328