Similar Search Results

Higher-Order Income Risk over the Business Cycle

Busch, Christopher - 2020

We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...

Persistent link: https://www.econbiz.de/10012833986

Training, Mobility, and Wages : Specific Versus General Human Capital

Garloff, Alfred - 2008

ways. First, we examine the correlation between training and mobility. In a second step, we consider wage effects of …

Persistent link: https://www.econbiz.de/10012727241

Earnings Dynamics in Germany

Pessoa, Ana Sofia - 2021

transitions between labor status or jobs, whereas for those at the top, earnings changes are mainly induced by wage rate growth …

Persistent link: https://www.econbiz.de/10013224084

Cyclical Income Risk in Great Britain

Angelopoulos, Konstantinos - 2019

This paper establishes new evidence on the cyclical behaviour of household income risk in Great Britain and assesses the role of social insurance policy in mitigating against this risk. We address these issues using the British Household Panel Survey (1991-2008) by decomposing stochastic...

Persistent link: https://www.econbiz.de/10012872060

Sectoral Differences in Wage Freezes and Wage Cuts : Evidence from a New Firm Survey

Bonin, Holger; Radowski, Daniel - 2008

The paper provides evidence concerning incidence and sources of nominal wage rigidity in services and manufacturing …, using a new and large employer survey on wage and price setting behaviour for Germany. We observe that wage freezes are more … frequent in services than in manufacturing, whereas wage cuts are less frequent. The significant sector gaps do not vanish …

Persistent link: https://www.econbiz.de/10014212175

Descriptive Evidence on Labor Market Transitions and the Wage Structure in Germany

Fitzenberger, Bernd - 2008

Equilibrium search theory suggests that the wage distribution in a cross section of workers is closely related to labor … market transitions and associated wage changes. Accordingly, job-to-job transitions are central in explaining the wage … distribution. This paper uses the IAB employment subsample to describe the empirics of labor market transitions and the wage …

Persistent link: https://www.econbiz.de/10012727242

Inequality and Income Dynamics in Germany

Drechsel-Grau, Moritz; Peichl, Andreas; Schmieder, … - 2022

We provide a comprehensive analysis of income inequality and income dynamics for Germany over the last two decades. Combining personal income tax and social security data allows us — for the first time — to offer a complete picture of the distribution of annual earnings in Germany. We find...

Persistent link: https://www.econbiz.de/10013298363

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

Short-Time Work and Precautionary Savings

Gehrke, Britta; Dengler, Thomas - 2022

In the Covid-19 crisis, most OECD countries have used short-time work (subsidized working time reductions) to preserve employment relationships. This paper studies whether short-time work can save jobs through stabilizing aggregate demand in recessions. First, we show that the consumption risk...

Persistent link: https://www.econbiz.de/10014079142

Offshoring and Labor Income Risk

Hogrefe, Jan - 2012

This paper analyzes the impact increased offshoring has on labor income risk. It is therefore distinct from a large number of studies explaining the level effects of globalization on the labor market in that it takes a look at effects on second moments, i.e. the variance of incomes. It provides...

Persistent link: https://www.econbiz.de/10013107754

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