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Which Ladder to Climb? Wages of Workers by Job, Plant, and Education
Bayer, Christian; Kuhn, Moritz - 2018
independence. In short, they climb the career ladder. Climbing the career ladder explains 50% of wage growth and virtually all of … rising wage dispersion. The increasing gender wage gap by age parallels a rising hierarchy gap. Our findings suggest that … wage dynamics are shaped by the organization of production, which itself likely depends on technology, the skill set of the …
Persistent link: https://www.econbiz.de/10011931986
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Which Ladder to Climb? Decomposing Life Cycle Wage Dynamics
Bayer, Christian - 2019
, search for employers, and residual wage shocks to account for these life cycle wage dynamics. We highlight the importance of … largest part of life cycle wage dynamics. It accounts for 50% of average wage growth, 50% of rising differences between gender …
Persistent link: https://www.econbiz.de/10012897647
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Worker Churn and Employment Growth at the Establishment Level
Bachmann, Ruediger; Bayer, Christian; Merkl, Christian; … - 2017
We study the relationship between employment growth and worker flows in excess of job flows (churn) at the establishment level using the new German AWFP dataset spanning from 1975–2014. Churn is above 5 percent of employment along the entire employment growth distribution and most pronounced...
Persistent link: https://www.econbiz.de/10011777567
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Time-varying business volatility, price setting, and the real effects of monetary policy
Bachmann, Ruediger; Born, Benjamin; Elstner, Steffen; … - 2013
Does time-varying business volatility affect the price setting of firms and thus the transmission of monetary policy into the real economy? To address this question, we estimate from the firm-level micro data of the German IFO Business Climate Survey the impact of idiosyncratic volatility on the...
Persistent link: https://www.econbiz.de/10009767295
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Shocks, Frictions, and Inequality in US Business Cycles
Bayer, Christian - 2020
How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we estimate a heterogeneous-agent New-Keynesian (HANK) model with incomplete markets and portfolio choice between liquid and illiquid assets. The model enlarges the set of shocks and...
Persistent link: https://www.econbiz.de/10012841741
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The Impact of Aggregate Uncertainty on Firm-Level Uncertainty
Easaw, Joshy; Grimme, Christian - 2021
We analyse the extent to which firm-level uncertainty is affected by aggregate uncertainty. Firm-level uncertainty is constructed from a large and monthly panel dataset of manufacturing firms. We find that aggregate uncertainty has a positive and robust impact on firm-level uncertainty. This...
Persistent link: https://www.econbiz.de/10013239562
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The Diffusion of Technological Progress in ICT
Elstner, Steffen; Grimme, Christian; Kecht, Valentin; … - 2020
We study whether technology gains in sectors related to Information and Communications Technology (ICT) increase productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative price of ICT goods and services in a structural VAR...
Persistent link: https://www.econbiz.de/10012425696
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Monopsony Makes Firms Not Only Small but Also Unproductive: Why East-Germany Has Not Converged
Bachmann, Ruediger; Bayer, Christian; Stüber, Heiko; … - 2022
plants (compared to West German ones) face a steeper size-wage curve, invest less into marketing, and remain smaller. A model …
Persistent link: https://www.econbiz.de/10013353363
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The Diffusion of Technological Progress in ICT
Elstner, Steffen; Grimme, Christian; Kecht, Valentin; … - 2021
We study whether technology gains in sectors related to Information and Communications Technology (ICT) increase productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative price of ICT goods and services in a structural VAR...
Persistent link: https://www.econbiz.de/10013314751
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Monopsony Makes Firms Not Only Small But Also Unproductive : Why East-Germany Has Not Converged
Bachmann, Ruediger; Bayer, Christian; Stueber, Heiko; … - 2022
plants (compared to West German ones) face a steeper size-wage curve, invest less into marketing, and remain smaller. A model …
Persistent link: https://www.econbiz.de/10014083475