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In this paper, substitutional relationships between capital, labour, material, electricity, and fossil fuels in German producing and service sectors are estimated using a translog cost function. Estimates are based on a pooled time-series cross-sectional data sample for the period 1978-90 and...
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distribution; and a permanent positive effect on full-time employment. …
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unemployed. Heterogeneity analyses show that the demonstrated employment effects are strongest for women and in occupations with … increase in the working horizon on (un)employment behaviour for individuals with a long remaining statutory working life. Using … legal working horizon increases individuals' subjective expectations about the length of their work life, raises the …
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This paper studies the long-term consequences on firms and workers of the credit crunch triggered by the 2007-2008 global financial crisis. Relying on a unique matched bank-employer-employee administrative dataset, we construct a firm-specific credit supply shock and examine firms’ and...
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