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economic growth. The model is estimated using quarterly data for Germany, the UK and the US from 1960 to 1999. Our econometric …
Persistent link: https://www.econbiz.de/10001900202
Shortage of nurses is a problem in several countries. It is an unsettled question whether increasing wages constitute a viable policy for extracting more labour supply from nurses. In this paper we use a unique matched panel data set of Norwegian nurses covering the period 1993-1998 to estimate...
Persistent link: https://www.econbiz.de/10001712356
provides. We estimate the labor supply of physicians employed at hospitals in Norway, using personnel register data merged with … period 1993-97. The methods of estimation are GMM and system GMM. We reject the static model in favor of a dynamic model and …
Persistent link: https://www.econbiz.de/10001748392
In 1988, an early retirement program (AFP) was introduced in Norway for the 66-year-old. Since then, AFP has gradually …
Persistent link: https://www.econbiz.de/10014460991
To explain the rise in the college wage premium in developed economies in the past decades, the present paper examines the effects of technological progress on workers' effort incentives, which determine the effective labor supply. Five effort incentive effects of technological progress are...
Persistent link: https://www.econbiz.de/10001610600
and Germany to condition the relationship between real wages and business fluctuations on the phase of the cycle, it is … demonstrated that the inconclusive evidence is not only caused by measurement problems, estimation method and composition bias as … general, the evidence for countercyclical wages is stronger in Germany than for the US, but taken together there is no clear …
Persistent link: https://www.econbiz.de/10002104675
Persistent link: https://www.econbiz.de/10001652953
In this paper, an Unobserved Components Model is employed to decompose German real GDP into the trend, cycle and seasonal components and the working day effect. The most important findings are: 1) The growth rate of potential output declined from 4.2 per cent in the sixties to 1.4 per cent at...
Persistent link: https://www.econbiz.de/10001653716
This paper investigates the inter-temporal structure of implicit taxes arise in unfunded pension schemes. We demonstrate that these tax rates are declining over the life cycle. Using German micro-data for men and married women we estimate periodic wage elasticities of labour supply in order to...
Persistent link: https://www.econbiz.de/10001679873
This paper deals with the estimation of the output gap. We use uni- and bivariate unobserved components models in order … ifo business assessment variable as an indicator for the cycle the estimation of the output gap is much more precise and …
Persistent link: https://www.econbiz.de/10001452302