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History dependence in wages and cyclical selection : evidence from Germany
Bauer, Anja; Lochner, Benjamin - 2016
Using administrative data from Germany, this paper analyzes the relation between wages and past and current labor market conditions. Specifically, it explores whether the data is more consistent with implicit contract models (Beaudry/DiNardo, 1991) or a matching model with on-the-job search and...
Persistent link: https://www.econbiz.de/10011544266
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Wage and Employment Cyclicalities at the Establishment Level
Merkl, Christian; Stueber, Heiko - 2021
We document substantial cross-sectional heterogeneity of German establishments’ real wage cyclicality over the business … wages. We estimate a negative connection between establishments’ wage cyclicality and their employment cyclicality, thereby …
Persistent link: https://www.econbiz.de/10013212779
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Does downward nominal wage rigidity dampen wage increases?
Stüber, Heiko; Beissinger, Thomas - 2010
starkes Argument gegen die Zielsetzung niedriger Inflationsraten liefert. -- Downward Nominal Wage Rigidity ; Wage Stickiness … ; Wage Compression ; Unconditional Quantile Regression …Focusing on the compression of wage cuts, many empirical studies find a high degree of downward nominal wage rigidity …
Persistent link: https://www.econbiz.de/10008669641
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Detecting unemployment hysteresis : a simultaneous unobserved components model with Markov switching
Klinger, Sabine; Weber, Enzo - 2015
Wir konstruieren ein neues Modell unbeobachteter Komponenten mit Markov-Switching zur Analyse von Hysterese-Effekten, also der Verfestigung ursprünglich zyklischer Fluktuationen. Das Modell kombiniert die Bestandteile einer Trend-Zyklus Zerlegung, der Identifikation von gegenseitigen...
Persistent link: https://www.econbiz.de/10011372431
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Counteracting unemployment in crises : non-linear effects of short-time work policy
Gehrke, Britta; Hochmuth, Brigitte - 2017
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty in order to prevent layoffs and stabilize employment. Many OECD countries have used this policy in the Great Recession, for example. This paper shows that the effects of...
Persistent link: https://www.econbiz.de/10011718992
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Sectoral Okun's Law and Cross-Country Cyclical Differences
Goto, Eiji - 2020
We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the US, the UK, Japan, and Switzerland to test several hypotheses that may explain why the aggregate Okun's coeffcients are different across countries. Specifically, we show that...
Persistent link: https://www.econbiz.de/10012841145
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Short-Time Work Subsidies in a Matching Model
Meier, Volker - 2019
labor demand. Tightening eligibility to short-time work benefits tends to reduce the wage while the impact on unemployment …
Persistent link: https://www.econbiz.de/10012892292
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An Efficiency-Wage Model with Habit Concerns About Wages
Goerke, Laszlo - 2020
We analyse the implications of habit formation relating to wages in a multi-period efficiency-wage model. If employees …. Greater intensity does not necessarily have the same consequences, because wage adjustments counteract the initial level … impact. The firm's response additionally depends on the wage-dependency of dismissal costs since such costs make an …
Persistent link: https://www.econbiz.de/10012828115
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Minimum wages, wage dispersion and unemployment : a review on new search models
Garloff, Alfred - 2008
Die Studie analysiert die theoretischen Auswirkungen von Mindestlöhnen auf Beschäftigung und Lohnspreizung in einem fluktuationsbedingten Szenario. Es wird ein Überblick über neue theoretische Forschungsansätze gegeben und der Einfluss von Mindestlöhnen auf Einkommen und Beschäftigung in...
Persistent link: https://www.econbiz.de/10003874124
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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