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Exchange rate uncertainty and labour market adjustment under fixed and flexible exchange rates
Chen, Yu-Fu; Funke, Michael - 2002
can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we follow the real … rate regimes obey common employment adjustment thresholds. …
Persistent link: https://www.econbiz.de/10011541121
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Working time and employment under uncertainty
Chen, Yu-Fu; Funke, Michael - 2002
can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we consider the … impact of uncertainty and real options on the decision of working time, i.e. we examines the determinants of employment and …
Persistent link: https://www.econbiz.de/10011409991
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Racing with or against the machine? : evidence from Europe
Gregory, Terry; Salomons, Anna; Zierahn, Ulrich - 2018
employment effects of routine-replacing technological change (RRTC), along with the underlying mechanisms. We show that while … new jobs through increased product demand, outweighing displacement effects and resulting in net employment growth …
Persistent link: https://www.econbiz.de/10011903802
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The rise of generative AI : modelling exposure, substitution, and inequality effects on the US labour market
Auer, Raphael A.; Köpfer, David; Švéda, Josef - 2024
How exposed is the labour market to ever-advancing AI capabilities, to what extent does this substitute human labour, and how will it affect inequality? We address these questions in a simulation of 711 US occupations classified by the importance and level of cognitive skills. We base our...
Persistent link: https://www.econbiz.de/10015077845
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Labor market institutions, wages, and investment : presented at CESifo Area Conference on Employment and Social Protection, June 2004
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 structure in Europe in the 1980s. These different trends are...
Persistent link: https://www.econbiz.de/10011450828
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Wage and employment cyclicalities at the establishment level
Merkl, Christian; Stüber, Heiko - 2021
wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …
Persistent link: https://www.econbiz.de/10012619265
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Monetary persistence and the labor market : a new perspective
Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - 2010
In this paper we propose a novel way to model the labor market in the context of a New-Keynesian general equilibrium model, incorporating labor market frictions in the form of hiring and firing costs. We show that such a model is able to replicate many important stylized facts of the business...
Persistent link: https://www.econbiz.de/10003937114
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Cyclical unemployment, structural unemployment
Diamond, Peter A. - 2013
Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge Curve pattern of unemployment and vacancy rates and the related matching...
Persistent link: https://www.econbiz.de/10009707552
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Worker churn and employment growth at the establishment level
Bachmann, Ruediger; Bayer, Christian; Merkl, Christian; … - 2017
We study the relationship between employment growth and worker flows in excess of job flows (churn) at the … establishment level using the new German AWFP dataset spanning from 1975-2014. Churn is above 5 percent of employment along the … entire employment growth distribution and most pronounced at rapidly-adjusting establishments. We find that the patterns of …
Persistent link: https://www.econbiz.de/10011741955
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What's across the border? : re-evaluating the cross-border evidence on minimum wage effects
Jha, Priyaranjan; Neumark, David; Rodríguez López, Antonio - 2022
, generating spurious evidence that higher minimum wages reduce employment. Using minimum wage variation within contiguous county … pairs that share a state border, they find no relationship between minimum wages and employment in the U.S. restaurant …−but within cross-border commuting zones−we find a robust negative relationship between minimum wages and employment. …
Persistent link: https://www.econbiz.de/10013201636