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Complementarity of labor market institutions, equilibrium unemployment and the persistence of business cycles

Burda, Michael C.; Weder, Mark - 1999

This paper evaluates complementarities of labor market institutions and the business cycle in the context of a stochastic dynamic general equililbriurn model econorny. Matching between workers and vacancies with endogenous search intensity, Nash-bargained wages, payroll taxation, and...

Persistent link: https://www.econbiz.de/10009580466

Estimating wage losses of displaced workers in Germany

Burda, Michael C.; Mertens, Antje - 1999

This paper investigates the effect of displacement on reemployment wages of socially insured West German workers who became unemployed in 1986. Because detailed information on the cause of job loss is unavailable, displacement status is imputed using a probit estimated on the German...

Persistent link: https://www.econbiz.de/10009580479

Complementarity of labor market institutions, equilibrium unemployment and the propagation of business cycles

Burda, Michael C.; Weder, Mark - 2001

This paper evaluates complementarities of labor market institutions and the business cycle in the context of a stochastic dynamic general equilibrium model economy. Matching between workers and vacancies with endogenous time spent in search, Nash{bargained wages, payroll taxation, and...

Persistent link: https://www.econbiz.de/10009614292

Semiparametric analysis of German East-West migration intentions : facts and theory

Burda, Michael C.; Härdle, Wolfgang; Müller, Marlene; … - 1997

East-West migration in Germany peaked at the beginning of the 90s although the average wage gap between Eastern and … Western Germany continues to average about 25%. We analyze the propensity to migrate using microdata from the German … compatible with classical Marshallian theory of migration and motivates the semiparametric analysis. We estimate a Generalized …

Persistent link: https://www.econbiz.de/10009574896

European labor markets and the Euro : how much flexibility do we really need?

Burda, Michael C. - 1999

Widespread concern over real effects of EMU is consistent with new Keynesian approaches to macroeconomic fluctuations, but more difficult to reconcile with a real business cycle (RBC) paradigm. Using a model with frictions as a point of departure, I argue that nominal price rigidity in Europe is...

Persistent link: https://www.econbiz.de/10009580474

Fragmentation, globalization and labor markets

Burda, Michael C.; Dluhosch, Barbara - 2001 - Rev.

Fragmentation of the value-added-chain is modeled as the reaction of monopolistically competitive firms to the removal of barriers to trade and factor mobility in an integrated trading environment. Since fragmentation requires high-skilled labor, this form of globalization can induce labor...

Persistent link: https://www.econbiz.de/10009614300

What Explains the German Labor Market Miracle in the Great Recession?

Burda, Michael C.; Hunt, Jennifer - Institute for the Study of Labor (IZA) - 2011

Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment …

Persistent link: https://www.econbiz.de/10009144850