increase uncertainty through a higher volatility of employment. We use regional data from Germany to test whether openness for … trade has an impact on volatility. We find a downward trend in the unconditional volatility of employment, which has been … evidence for the US, we do not find evidence for a significant link between employment volatility and trade openness. …

address the role of housing markets for quantitative analyses. Germany is an exciting laboratory because commuting across … local labor markets is pervasive, unique data are available, and because Germany’s high degree of trade openness poses a … thrilling counterpoint to the United States. Our key findings for German counties are that the employment and resident …

that the payroll tax cut generates long-lasting growth in female employment, reduces the time spent on welfare, and spurs … business growth, without crowding out male employment. By contrast, the tax cut does not raise net wages, suggesting that tax … labor and tackle the gender employment gap, but they are not sufficient for reducing the gender pay gap …

provide evidence on the causal effect of the export performance of the firm on the volatility of employment of different …’ export activity and job stability across employment skills. Relying on detailed firm-level data from France for the period … 1996-2007, we show that firms with higher export intensity exhibit a lower volatility of skilled labor demand relative to …

This paper compares volatility forecasts for the RTS Index (the main index for the Russian stock market) generated by … alternative models, specifically option-implied volatility forecasts based on the Black-Scholes model, ARCH/GARCH-type model … information content). Various forecasting performance tests are carried out which suggest that both implied volatility and …

, and (iii) employment protection – shape fiscal multipliers and output volatility. Our theoretical model highlights that … more stringent labor market institutions attenuate both fiscal spending multipliers and macroeconomic volatility. This is … emanate from employment protection, followed by union density. While some labor market institutions mitigate the …

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 variable estimation. In our sample of recent immigrants, linear …

implications of countercyclical fiscal policy for France, Germany and the UK. The model incorporates real wage rigidity which is … policy is purely to stabilize output or debt volatility, then our results suggest substantial reductions can be obtained …, especially with respect to output. In stark contrast, however, a formal general equilibrium welfare assessment of the volatility …