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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
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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
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Cyclical Earnings, Career and Employment Transitions
Carrillo-Tudela, Carlos; Visschers, Ludo; Wiczer, David - 2022
This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover their relative importance in driving cyclical...
Persistent link: https://www.econbiz.de/10014243686
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Labor market institutions, wages, and investment
Pischke, Jörn-Steffen - 2004
Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor … markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage …
Persistent link: https://www.econbiz.de/10010276167
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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
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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
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Macroeconomic Shocks and Racial Labour Market Differences in the U.S
De, Kuhelika - 2020
Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply - on the labour market outcomes of black...
Persistent link: https://www.econbiz.de/10012844419
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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
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Wage Risk and the Skill Premium
Slavík, Ctirad - 2020
, individual wage risk has also increased. This paper proposes a mechanism through which a rise in wage risk increases the skill … premium. Intuitively, a rise in uninsured wage risk increases precautionary savings, thereby boosting capital accumulation … that the rise in wage risk observed between 1967 and 2010 increases the skill premium significantly. This finding is robust …
Persistent link: https://www.econbiz.de/10012824576
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Distributional Effects of Macroeconomic Shocks in Real-Time : A Novel Method Applied to the COVID-19 Crisis in Germany
Bruckmeier, Kerstin; Peichl, Andreas; Popp, Martin; … - 2021
The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...
Persistent link: https://www.econbiz.de/10013250264