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Skill-biased technological change and the business cycle

Balleer, Almut; Rens, Thijs van - 2012

Over the past two decades, technological progress in the United States has been biased towards skilled labor. What does this imply for business cycles? We construct a quarterly skill premium from the CPS and use it to identify skill-biased technology shocks in a VAR with long-run restrictions....

Persistent link: https://www.econbiz.de/10009540790

Does short-time work save jobs? : a business cycle analysis

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013

This paper analyzes the effects of short-time work (i.e., government subsidized working time reductions) on unemployment and output fluctuations. The central question is whether the rule based component (i.e., the existence of the institution short-time work) and the discretionary component...

Persistent link: https://www.econbiz.de/10009722505

Biased Expectations and Labor Market Outcomes: Evidence from German Survey Data and Implications for the East-West Wage Gap

Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2023

income in East Germany. The bias difference in labor market expectations explains part of the East-West German wage gap. …

Persistent link: https://www.econbiz.de/10014290246

Biased Expectations and Labor Market Outcomes : Evidence from German Survey Data and Implications for the East-West Wage Gap

Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2023

income in East Germany. The bias difference in labor market expectations explains part of the East-West German wage gap …

Persistent link: https://www.econbiz.de/10014358858

Does Short-Time Work Save Jobs? A Business Cycle Analysis

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2014

In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important distinction to be made: While the rule-based component...

Persistent link: https://www.econbiz.de/10010333423

New evidence, old puzzles : technology shocks and labor market dynamics

Balleer, Almut - 2009

Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding rate and the unemployment rate? In the model, fluctuations are prominently driven by productivity shocks which are commonly interpreted as technology shocks. I estimate different...

Persistent link: https://www.econbiz.de/10003826953

Some surprising facts about working time accounts and the business cycle

Balleer, Almut; Gehrke, Britta; Merkl, Christian - 2014

This paper reveals that German firms with working time accounts (WTAs) show a similar separation and hiring behavior in response to revenue changes as firms without WTAs. This finding casts doubt on the popular hypothesis that WTAs were the key driver of the unusually small increase in German...

Persistent link: https://www.econbiz.de/10010402264

Wage Bargaining and Labor Market Policy with Biased Expectations

Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2023

of biased expectations for wage bargaining, vacancy creation, worker flows and labor market policies. Importantly, we … relationship between workers' job separation expectations and wages. Instead, a wage setting process with less frequent wage … the difference between firms' and workers' biases matters for the bargained wage but not the size of biases. …

Persistent link: https://www.econbiz.de/10014290251

Wage Bargaining and Labor Market Policy with Biased Expectations

Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2023

of biased expectations for wage bargaining, vacancy creation, worker flows and labor market policies. Importantly, we … relationship between workers’ job separation expectations and wages. Instead, a wage setting process with less frequent wage … the difference between firms’ and workers’ biases matters for the bargained wage but not the size of biases …

Persistent link: https://www.econbiz.de/10014358405

Demand or Supply? Price Adjustment during the Covid-19 Pandemic

Balleer, Almut; Link, Sebastian; Menkhoff, Manuel; … - 2020

We study price-setting behavior in German firm-level survey data to infer the relative importance of supply and demand during the Covid-19 pandemic. Supply and demand forces coexist, but demand shortages dominate in the short run. A reported negative impact of Covid-19 on current business is...

Persistent link: https://www.econbiz.de/10012269464