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This study examines the impact of unions on wages and employment using data from Uruguay in a period where unions were …-specific bargaining (1992-1997). The relationship between wages and employment shifted significantly across these periods as evidenced by … changes. - Wages are exogenous to employment before 1985, but not afterwards. - The wage elasticity and the employment …
Persistent link: https://www.econbiz.de/10012471275
We present an econometric method for estimating the parameters of a diffusion model from discretely sampled data. The estimator is transparent, adaptive, and inherits the asymptotic properties of the generally unattainable maximum likelihood estimator. We use this method to estimate a new...
Persistent link: https://www.econbiz.de/10012470313
We investigate how labor and investment demand at the firm level (gross as well as net and replacement investment separately) differs in French, German and U.S. manufacturing, and has changed since the 1974-75 crisis. We use three consistent panel data samples of large firms for1970-79, and rely...
Persistent link: https://www.econbiz.de/10012477531
and firm-level productivity in Germany. In our preferred TFP estimates only a small fraction of this correlation is …
Persistent link: https://www.econbiz.de/10012456573
Recovery of causal relationships in data is an essential part of scholarly inquiry in the social sciences. This chapter discusses strategies that have been successfully used in urban and regional economics for recovering such causal relationships. Essential to any successful empirical inquiry is...
Persistent link: https://www.econbiz.de/10012458130
credit, and reduce their employment and capital. However, when policy rates are constrained by the effective lower bound …, demand effects are stronger, leading firms to raise their prices more and no longer reduce their employment …
Persistent link: https://www.econbiz.de/10012481059
U.S. output has expanded only slowly since the recession trough in 2009, even though the unemployment rate has essentially returned to a pre-crisis, normal level. We use a growth-accounting decomposition to explore explanations for the output shortfall, giving full treatment to cyclical effects...
Persistent link: https://www.econbiz.de/10012455139
econometric methods based on the propensity score to estimate the causal effect of HIV status on employment outcomes in South …
Persistent link: https://www.econbiz.de/10012461756
The theoretical framework of urban and regional economics is built on transportation costs for manufactured goods. But over the twentieth century, the costs of moving these goods have declined by over 90% in real terms, and there is little reason to doubt that this decline will continue....
Persistent link: https://www.econbiz.de/10012468811
quantify the aggregate and distributional effects of spatial frictions that hinder worker mobility across regions in Germany … East and West Germany, especially due to the limited ability of workers to obtain job offers from more distant regions …. Despite the large real wage gap between East and West of Germany, removing the spatial frictions leads, in equilibrium, to …
Persistent link: https://www.econbiz.de/10012533341