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Lechthaler, Wolfgang - Institut für Weltwirtschaft (IfW) - 2008

firm training have thus far not been considered. This paper is trying to bridge this gap by using a simple two period model … to previous work this is not sufficient to increase firms' training investments. The reason lies in the endogeneity of …

Persistent link: https://www.econbiz.de/10005818855

Sector-Specific Productivity Shocks in a Matching Model

Wesselbaum, Dennis - Institut für Weltwirtschaft (IfW) - 2010

Shocks driving the business cycle have different effects on low-skilled and high-skilled workers. This paper studies the effects of temporary and permanent sector-specific shocks in a New Keynesian matching model. We show that temporary sector-specific shocks have reallaction and aggregate...

Persistent link: https://www.econbiz.de/10008496992

Berufliche Weiterbildung und Arbeitsplatzrisiko: Ein Matching-Ansatz

Christensen, Björn - Institut für Weltwirtschaft (IfW) - 2001

>This paper deals with the effects of on-the-job-training on the probability of lay-offs and the probability of self … estimation of a hazardrate model with competing risks. The results of the estimations of the training effect show that the risk … of a lay-off can be significantly lowered by on-the-job-training. The effect on self-motivated quitting oneÂ’s job is …

Persistent link: https://www.econbiz.de/10005818924

Active Labor Market Programs - Employment Gain or Fiscal Drain?

Brown, Alessio J. G.; Koettl, Johannes - Institut für Weltwirtschaft (IfW) - 2012

This paper provides a new perspective in classifying ALMPs depending on their main objective, also in light of their relevance and cost-effectiveness during normal times, during a crisis, and during recovery. We distinguish ALMPs that provide incentives for retaining employment, incentives for...

Persistent link: https://www.econbiz.de/10010887030

Centralized vs. Decentralized Wage Formation: The Role of Firms’ Production Technology

Hirsch, Boris; Merkl, Christian; Müller, Steffen; … - Institut für Weltwirtschaft (IfW) - 2014

This paper is the first to show theoretically and empirically how firms' production technology affects the choice of their preferred wage formation regime. Our theoretical framework predicts, first, that the larger the total factor productivity of a firm, the more likely it is to opt for...

Persistent link: https://www.econbiz.de/10010886974

Occupational upgrading and the business cycle in West Germany

Büttner, Thomas; Jacobebbinghaus, Peter; Ludsteck, Johannes - Institut für Weltwirtschaft (IfW) - 2009

The occupational skill structure depends on the business cycle if employers respond to shortages of applicants during upturns by lowering their hiring standards. The notion and relevance of hiring standards adjustment was advanced by Reder and investigated formally in a search-theoretic...

Persistent link: https://www.econbiz.de/10005083369

Reciprocity and Matching Frictions

Wesselbaum, Dennis - Institut für Weltwirtschaft (IfW) - 2010

We build a RBC endogenous separation matching model and introduce efficiency wages along the lines of Akerlof (1982). While the standard endogenous separation matching model reveals shortcomings in explaining correlations and volatilities jointly, this approach performs reasonably well along...

Persistent link: https://www.econbiz.de/10008635827

Multinational Firms and Heterogeneous Workers

Larch, Mario; Lechthaler, Wolfgang - Institut für Weltwirtschaft (IfW) - 2008

In the presence of increasing specialization of workers it becomes more and more difficult for firms to find the most suitable workers. In such an environment a multinational corporation has an advantage because it can exchange workers between plants in different countries. In this way it can...

Persistent link: https://www.econbiz.de/10004987459

Wage Rigidity and Job Creation

Haefke, Christian; Sonntag, Marcus; Rens, Thijs van - Institut für Weltwirtschaft (IfW) - 2009

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...

Persistent link: https://www.econbiz.de/10005700599

The Intensive Margin Puzzle and Labor Market Adjustment Costs

Wesselbaum, Dennis - Institut für Weltwirtschaft (IfW) - 2011

This paper documents a puzzling fact, namely that there is a significant negative relation between employment protection legislation and the usage of the intensive margin of labor market adjustments. We then make use of a Real Business Cycle model and introduce search and matching frictions as...

Persistent link: https://www.econbiz.de/10009025168