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Labor adjustment and productivity in the OECD

Dossche, Maarten; Gazzani, Andrea; Lewis, Vivien - 2021

Labor productivity is more procyclical in OECD countries with lower employment volatility. To capture this new stylized fact, we propose a business cycle model with employment adjustment costs, variable hours and labor effort. We show that, in our model with variable effort, greater labor market...

Persistent link: https://www.econbiz.de/10012589397

The big sell : privatizing East Germany's economy

Hennicke, Moritz; Lubczyk, Moritz; Mergele, Lukas - 2020 - This version: September 11, 2020

The end of communism in the 1990s probably is the most fundamental restructuring of institutions witnessed in recent history. At its core was the large-scale redistribution of previously state-owned companies. We construct a unique firm-level dataset to study this redistribution in East Germany...

Persistent link: https://www.econbiz.de/10012287966

Labor productivity, effort and the euro area business cycle

Lewis, Vivien; Villa, Stefania; Wolters, Maik H. - 2019

The Euro Area is characterized by little variation in unemployment and strongly procyclical labor productivity. We capture both characteristics in a New Keynesian business cycle model with labor search frictions, where labor can vary along three margins: employment, hours, and eﬀort. We...

Persistent link: https://www.econbiz.de/10012134398

Automation and productivity : evidence from Thai manufacturing firms

Kanit Sangsubhan; Kumpon Pornpattanapaisankul; Pisacha … - 2023

Persistent link: https://www.econbiz.de/10014320212

The rise of agribusiness and the distributional consequences of policies on intermediated trade

Dhingra, Swati; Tenreyro, Silvana - 2020

Persistent link: https://www.econbiz.de/10012196865

Offshoring, Relocation and the Speed of Convergence: Convergence in the Enlarged European Union

Alho, Kari E. O.; Kaitila, Ville; Widgrén, Mika - 2008

Economic convergence of the new member states (NMS) of the EU towards the old EU countries (EU-15), not only in terms … indebtedness. At the same time we evaluate the impact of convergence on the EU-15 countries also, by endogenising offshoring and … process of convergence. We find that in a general equilibrium setting fears of large adverse effects of a relocation of EU-15 …

Persistent link: https://www.econbiz.de/10012502995