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East-West migration in Germany peaked at the beginning of the 90s although the average wage gap between Eastern and … Western Germany continues to average about 25%. We analyze the propensity to migrate using microdata from the German … compatible with classical Marshallian theory of migration and motivates the semiparametric analysis. We estimate a Generalized …
Persistent link: https://www.econbiz.de/10009574896
This paper evaluates complementarities of labor market institutions and the business cycle in the context of a stochastic dynamic general equililbriurn model econorny. Matching between workers and vacancies with endogenous search intensity, Nash-bargained wages, payroll taxation, and...
Persistent link: https://www.econbiz.de/10009580466
This paper investigates the effect of displacement on reemployment wages of socially insured West German workers who became unemployed in 1986. Because detailed information on the cause of job loss is unavailable, displacement status is imputed using a probit estimated on the German...
Persistent link: https://www.econbiz.de/10009580479
This paper evaluates complementarities of labor market institutions and the business cycle in the context of a stochastic dynamic general equilibrium model economy. Matching between workers and vacancies with endogenous time spent in search, Nash{bargained wages, payroll taxation, and...
Persistent link: https://www.econbiz.de/10009614292
Widespread concern over real effects of EMU is consistent with new Keynesian approaches to macroeconomic fluctuations, but more difficult to reconcile with a real business cycle (RBC) paradigm. Using a model with frictions as a point of departure, I argue that nominal price rigidity in Europe is...
Persistent link: https://www.econbiz.de/10009580474
Fragmentation of the value-added-chain is modeled as the reaction of monopolistically competitive firms to the removal of barriers to trade and factor mobility in an integrated trading environment. Since fragmentation requires high-skilled labor, this form of globalization can induce labor...
Persistent link: https://www.econbiz.de/10009614300
Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment …
Persistent link: https://www.econbiz.de/10009144850