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Wage Posting or Wage Bargaining? Evidence from the Employers' Side
Brenzel, Hanna; Gartner, Hermann; Schnabel, Claus - Institute for the Study of Labor (IZA) - 2013
bargaining in the matching process from the employer's side. We show that both modes of wage determination coexist in the German …
Persistent link: https://www.econbiz.de/10010959640
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When Institutions Interact : How the Effects of Unemployment Insurance are Shaped by Retirement Policies
Gudgeon, Matthew; Guzman, Pablo; Schmieder, Johannes; … - National Bureau of Economic Research - 2023
This paper shows empirically that the non-employment effects of unemployment insurance (UI) for older workers depend in a first-order way on the structure of retirement policies. Using German data, we first present reduced-form evidence of these interactions, documenting large bunching in UI...
Persistent link: https://www.econbiz.de/10014421233
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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 loss. Employers' reticence to hire in the preceding expansion, associated in part with a lack of confidence it would last, contributed to an employment shortfall equivalent to 40...
Persistent link: https://www.econbiz.de/10009144850
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Global Trends in Income Inequality and Income Dynamics : New Insights from GRID
Guvenen, Fatih; Pistaferri, Luigi; Violante, Giovanni L. - National Bureau of Economic Research - 2022
The Global Repository of Income Dynamics (GRID) is a new open-access, cross- country database that contains a wide range of micro statistics on income inequality, dynamics, and mobility. It has four key characteristics: it is built on micro panel data drawn from administrative records; it fully...
Persistent link: https://www.econbiz.de/10013388880
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Living Up to Expectations : Central Bank Credibility, the Effectiveness of Forward Guidance, and Inflation Dynamics Post-Global Financial Crisis
Cole, Stephen J.; Martínez-García, Enrique; Sims, Eric R. - National Bureau of Economic Research - 2023
This paper studies the effectiveness of forward guidance when central banks have imperfect credibility. Exploiting unique survey-based measures of expected inflation, output growth, and interest rates, we estimate a small-scale New Keynesian model for the United States and other G7 countries...
Persistent link: https://www.econbiz.de/10014421202
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Structural and Cyclical Forces in the Labor Market During the Great Recession : Cross-Country Evidence
Sala, Luca - 2012
We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal … movements in GDP, unemployment, vacancies, and wages in the period from 2007 until 2011. We show that contractionary financial … factors and reduced efficiency in labor market matching were largely responsible for the experience in the U.S. Financial …
Persistent link: https://www.econbiz.de/10012460226
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The German Labor Market: Still Adjusting Badly?
Eichhorst, Werner; Kaiser, Lutz C. - Institute for the Study of Labor (IZA) - 2006
In the late nineties, Germany was often seen as a laggard with respect to labor market and welfare state reforms with institutional inertia being reflected in notoriously sluggish employment growth and rising unemployment. Recent years, however, saw a complex sequence of reforms with regard to...
Persistent link: https://www.econbiz.de/10005566509
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Works Councils and Separations: Voice, Monopoly, and Insurance Effects
Hirsch, Boris; Schank, Thorsten; Schnabel, Claus - Institute for the Study of Labor (IZA) - 2009
Using a large linked employer-employee data set for Germany, we find that the existence of a works council is associated with a lower separation rate to employment, in particular for men and workers with low tenure. While works council monopoly effects show up in all specifications, clear voice...
Persistent link: https://www.econbiz.de/10005822979
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Women Move Differently: Job Separations and Gender
Hirsch, Boris; Schnabel, Claus - Institute for the Study of Labor (IZA) - 2010
Using a large German linked employer-employee data set and methods of competing risks analysis, this paper investigates gender differences in job separation rates to employment and nonemployment. In line with descriptive evidence, we find lower job-to-job and higher job-to-nonemployment...
Persistent link: https://www.econbiz.de/10008611318
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Employment Stability of Entrants in Newly Founded Firms: A Matching Approach Using Linked Employer-Employee Data from Germany
Schnabel, Claus; Kohaut, Susanne; Brixy, Udo - Institute for the Study of Labor (IZA) - 2008
we use a matching approach to compare a group of employees joining new firms in 1995/96 with a control group entering …
Persistent link: https://www.econbiz.de/10005763862