Narrow search
Showing 1 - 10 of 168
Cover Image
Skill-Biased Technological Change and the Business Cycle
Balleer, Almut; Rens, Thijs van - Institut für Weltwirtschaft (IfW) - 2012
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/10010886889
Cover Image
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
Cover Image
The Labor Market Effects of Outsourcing Parts and Components: Adverse Cournot Competition
Hübler, Michael - Institut für Weltwirtschaft (IfW) - 2009
This paper contributes to Hübler (2008) who analyses a partial equilibrium model of outsourcing with Cournot … manufactured by a Western (outsourcing) or Eastern European supplier (offshore outsourcing). The paper asks the question how …
Persistent link: https://www.econbiz.de/10008559253
Cover Image
A Simple Model of Outsourcing with Cournot Competition
Hübler, Michael - Institut für Weltwirtschaft (IfW) - 2007
The paper analyses a partial equilibrium outsourcing model with Cournot competition in intermediate good production …. Final production is located in western Europe, whereas the intermediate good can be manufactured by a western (outsourcing …) or eastern European supplier (offshore outsourcing). Interregional production (factor) allocation depending on factor …
Persistent link: https://www.econbiz.de/10005755219
Cover Image
Wage cyclicality under different regimes of industrial relations
Gartner, Hermann; Schenk, Thorsten; Schnabel, Claus - Institut für Weltwirtschaft (IfW) - 2010
Since there is scant evidence on the role of industrial relations in wage cyclicality, this paper analyzes the effect of collective wage contracts and of works councils on real wage growth. Using linked employer-employee data for western Germany, we find that works councils affect wage growth...
Persistent link: https://www.econbiz.de/10008694070
Cover Image
Evaluating the performance of the search and matching model with sticky wages
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2010
Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching models while preserving individual rationality. I evaluate the quantitative implications of such an approach. I feed through a series of estimated shocks from US data into a search...
Persistent link: https://www.econbiz.de/10009021626
Cover Image
Unemployment benefits and financial factors in an agent-based macroeconomic model
Riccetti, Luca; Russo, Alberto; Gallegati, Mauro - Institut für Weltwirtschaft (IfW) - 2013
This paper is aimed at investigating the effects of government intervention through unemployment benefits on macroeconomic dynamics in an agent-based decentralized matching framework. The major result is that the presence of such a public intervention in the economy stabilizes the aggregate...
Persistent link: https://www.econbiz.de/10010956079
Cover Image
The Dynamics of Business Investment Following Banking Crises and Normal Recessions
Jannsen, Nils - Institut für Weltwirtschaft (IfW) - 2015
I empirically analyze the dynamics of business investment following normal recessions (declines in business investment that are not associated with banking crises) and banking crises. Using a panel of 16 advanced economies, I find evidence for significant non-linear trend reversion or...
Persistent link: https://www.econbiz.de/10011272151
Cover Image
Sequential Methodology for Signaling Business Cycle Turning Points
Golosnoy, Vasyl; Hogrefe, Jens - Institut für Weltwirtschaft (IfW) - 2009
The dates of U.S. business cycle are reported by NBER with a considerable delay, so an early notion of turning points is of particular interest. This paper proposes a novel sequential approach designed for timely signaling these turning points. A directional cumulated sum decision rule is...
Persistent link: https://www.econbiz.de/10005079108
Cover Image
Leading indicators for Euroland's business cycle
Döpke, Jörg - Institut für Weltwirtschaft (IfW) - 1998
The paper investigates a set of possible leading indicators for Euroland's business cycle using aggregated quarterly data. The theoretical plausibility, the behavior at business cycle turning points and the mean leads are analyzed. Furthermore, evidence from cross-correlations and...
Persistent link: https://www.econbiz.de/10009276194