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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

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

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

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

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

Offshoring and Labour Market Inequalities

Schwörer, Tillmann - Institut für Weltwirtschaft (IfW) - 2013

This paper estimates the effects of offshoring on labour market inequalities between skill groups based on German industry level data from 1995 to 2007. Our main findings are the following: First, offshoring is on average biased in favour of high-skilled employees and in disfavour of low-skilled...

Persistent link: https://www.econbiz.de/10010886901

Wage Inequality and the Changing Organization of Work

Görlich, Dennis; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2010

This paper sheds light on how changes in the organization of work lead to wage inequality. We present a theoretical model in which workers with a wider span of competence (higher level of multitasking) earn a wage premium. Since abilities and opportunities to expand the span of competence are...

Persistent link: https://www.econbiz.de/10008543246

The Effect of Low-Wage Subsidies on Skills and Employment

Oskamp, Frank; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2006

We explore the far-reaching implications of low-wage subsidies on skill formation, aggregate employment and welfare. Low-wage subsidies have three important effects. First, they promote employment of low-skilled workers (who tend to be the ones who earn low wages). Second, by raising the payoff...

Persistent link: https://www.econbiz.de/10005103185

Wage Inequality and the Changing Organization of Work

Görlich, Dennis; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2010

Persistent link: https://www.econbiz.de/10010982753

Minimum Wages and Firm Training

Lechthaler, Wolfgang; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2006

train and (ii) reduce the profitability of employees, raise the firing rate and thereby reduce training. Our analysis shows … minimum wages give rise to skills inequality: a rise in the minimum wage leads to less training for low-ability workers and … more training for those of higher ability. In short, minimum wages create a "low-skill trap." …

Persistent link: https://www.econbiz.de/10005755173