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-13 on firm-level productivity in France, Italy and Spain. We show that relying on a single break date in 2008 misses both …-level productivity negatively, high-leverage firms suffer more from financial constraints only in Italy, when they are relatively small … productivity …
Persistent link: https://www.econbiz.de/10013246463
We focus on the housing market and examine why nonlocal home buyers (NLBs) pay 15 percent more for houses than local home buyers (LBs). We estimate a housing demand model that returns heterogeneous willingness to pay parameters for housing attributes. Our results show that NLBs are willing to...
Persistent link: https://www.econbiz.de/10012832077
By using a model of trade union behaviour Grüner (2010) argues that the introduction of the European Monetary Union (EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary centralization lets the central bank react less flexibly to...
Persistent link: https://www.econbiz.de/10010274904
identification. On the return to work after the birth, mothers' wages drop by 3 to 5.7 per cent per year of leave. We find negative …
Persistent link: https://www.econbiz.de/10010280803
We use the most recent wave of the German Qualifications and Career Survey and reveal a substantial wage premium in a Mincer regression for workers performing their job from home. The premium persists within narrowly defined jobs and after controlling for workplace activities and accounts to...
Persistent link: https://www.econbiz.de/10012836201
The process of matching between firms and workers is an important mechanism in determining the distribution of wages …. In a labor market characterised by large dispersion of workers' productivity and worker-firm complementarity, high …, and is associated with higher average productivity and firm profits, but also with higher wage dispersion. We also show …
Persistent link: https://www.econbiz.de/10012838239
differently in a host country's labor market, we examine employment and wages for these groups over time after arrival. There is … in employment rates than it is in wages. We also discuss how refugees are distinct in terms of other factors affecting …
Persistent link: https://www.econbiz.de/10012842968
Naturalization may be a relevant policy instrument affecting immigrant integration in host-country labor markets. We study the effect of naturalization on labor market outcomes of immigrants in Germany. We apply recent survey data and exploit a reform of naturalization rules in an instrumental...
Persistent link: https://www.econbiz.de/10012908608
establishment growth, vacancy filling and entry wages, we calibrate a model with directed search and ex-ante heterogeneous workers … response of vacancy filling to firm-level wages. We discuss the implications of this finding as well as potential resolutions …
Persistent link: https://www.econbiz.de/10012892235
. The value of this state is therefore a fundamental determinant of wages and, in turn, labor supply and job creation. We … measure the effect of changes in the value of nonemployment on wages in existing jobs and among job switchers. Our quasi … document that wages are insensitive to UI benefit levels: point estimates imply a wage response of less than $0.01 per $1.00 UI …
Persistent link: https://www.econbiz.de/10012892243