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Real Wages and the Business Cycle in Germany
Marczak, Martyna; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2010
This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany. As detrending methods we apply the deterministic trend model, the Beveridge-Nelson decomposition, the Hodrick-Prescott filter, the Baxter-King filter and the structural time...
Persistent link: https://www.econbiz.de/10008678691
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China's Emergence in the World Economy and Business Cycles in Latin America
Cesa-Bianchi, Ambrogio; Pesaran, Hashem; Rebucci, Alessandro - Institute for the Study of Labor (IZA) - 2011
world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global … world shows that the long-term impact of a China GDP shock on the typical Latin American economy has increased by three … associated with a deceleration in China’s economic growth in the future for both Latin America and the rest of the world economy …
Persistent link: https://www.econbiz.de/10009225765
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Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective
Sahin, Afsin; Tansel, Aysit; Berument, Hakan - Institute for the Study of Labor (IZA) - 2013
This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the period 1988-2008. Even if we fail to find a long-run relationship between aggregate output and total employment, there are long-run relationships for the aggregate output with...
Persistent link: https://www.econbiz.de/10010884236
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Global Business Cycles: Convergence or Decoupling?
Kose, M. Ayhan; Otrok, Christopher; Prasad, Eswar - Institute for the Study of Labor (IZA) - 2008
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups – industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then...
Persistent link: https://www.econbiz.de/10005566406
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The Dynamics of Entrepreneurship: Hysteresis, Business Cycles and Government Policy
Congregado, Emilio; Golpe, Antonio A.; Parker, Simon C. - Institute for the Study of Labor (IZA) - 2009
This paper estimates an unobserved components model to explore the macro dynamics of entrepreneurship in Spain and the US. We ask whether entrepreneurship exhibits hysteresis, defined as a macro dynamic structure in which cyclical fluctuations have persistent effects on the natural rate of...
Persistent link: https://www.econbiz.de/10005233799
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On the Stability of the German Beveridge Curve: A Spatial Econometric Perspective
Kosfeld, Reinhold; Dreger, Christian; Eckey, Hans-Friedrich - Institute for the Study of Labor (IZA) - 2006
In this paper, the framework of the aggregated Beveridge curve is used to investigate the effectiveness of the job matching process using German regional labour market data. For a fixed matching technology, the Beveridge curve postulates a negative relationship between the unemployment rate and...
Persistent link: https://www.econbiz.de/10005822642
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When and How to Create a Job: The Survival of New Jobs in Austrian Firms
Böheim, René; Stiglbauer, Alfred; Winter-Ebmer, Rudolf - Institute for the Study of Labor (IZA) - 2005
While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firms and from a macro perspective. Adjustment cost theories and arguments about option values of...
Persistent link: https://www.econbiz.de/10005822952
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Immigrants' Employment Outcomes over the Business Cycle
Orrenius, Pia M.; Zavodny, Madeline - Institute for the Study of Labor (IZA) - 2010
Immigrants have figured prominently in U.S. economic growth for decades, but the recent recession hit them hard. Immigrants’ labor market outcomes began deteriorating even before the recession was officially underway, largely as a result of the housing bust. An analysis of employment and...
Persistent link: https://www.econbiz.de/10008765238
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Economic Conditions at Birth, Birth Weight, Ability, and the Causal Path to Cardiovascular Mortality
den Berg, Gerard J. van; Modin, Bitte - Institute for the Study of Labor (IZA) - 2013
We analyze interaction effects of birth weight and the business cycle at birth on individual cardiovascular (CV) mortality later in life. In addition, we examine to what extent these long-run effects run by way of cognitive ability and education and to what extent those mitigate the long-run...
Persistent link: https://www.econbiz.de/10010695870
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Health and Health Behaviors during the Worst of Times: Evidence from the Great Recession
Tekin, Erdal; McClellan, Chandler; Minyard, Karen Jean - Institute for the Study of Labor (IZA) - 2013
While previous studies have shown that recessions are associated with better health outcomes and behaviors, the focus of these studies has been on the relatively milder recessions of the late 20th century. In this paper, we examine if the previously established counter-cyclical pattern in health...
Persistent link: https://www.econbiz.de/10010814470