Empirical investigations with enterprise level data from official statistics often use the averagewage as a proxy variable for the qualification of the workforce, mostly due to the lack ofdetailed information on the qualification of the employees. This paper uses unique newlyavailable data for...

This paper proposes a theoretical framework to analyze the impacts of credit and technologyshocks on business cycle dynamics, where firms rely on banks and households for capitalfinancing. Firms are identical ex ante but differ ex post due to different realizations of firmspecific technology...

This paper contributes to the literature on international firm activities and firm performance byproviding the first evidence on the link of productivity and both exports and foreign directinvestment (fdi) in services firms from a highly developed country. It uses unique new datafrom Germany -...

We analyse the role of educational choice on the degree of occupational segregation in Trinidad and Tobago during a period in which educational policies intent on equating gender opportunities in education were implemented. To this end we utilise waves of the Trinidad and Tobago labour force...

This paper extends the cross sectionally augmented panel unit root test proposed byPesaran (2007) to the case of a multifactor error structure. The basic idea is to exploitinformation regarding the unobserved factors that are shared by other time series in additionto the variable under...

While it is a stylized fact that exporting firms pay higher wages than non-exporting firms, the direction of the link between exporting and wages is less clear. Using a rich set of German linked employer-employee panel data we follow over time plants that start to export. We show that the...

This paper analyses the impact of government grants on labour demand using plant leveldata for manufacturing industry in Ireland. Our data consists of a large sample of plants andtheir complete grant history...

We estimate the wage penalty associated with working in the South African informal sector.To this end we use a rich data set on non-self employed males that allows one to accuratelydistinguish workers employed in the informal sector from those employed in the formal sectorand link individuals...

We show theoretically that when larger firms pay higher wages and are more likely to becaught defaulting on labour taxes, then large high-wage firms will be in the formal sector andsmall low-wage firms will be in the informal sector...

We investigate the effect of forecast uncertainty in a cointegrating vector error correctionmodel for Switzerland. Forecast uncertainty is evaluated in three different dimensions. First,we investigate the effect on forecasting performance of averaging over forecasts fromdifferent models...