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Empiricism meets theory : is the Boone-Indicator applicable?

Schiersch, Alexander; Schmidt-Ehmcke, Jens - 2010

Boone (2008a) proposes a new competition measure based on Relative Profit Differences (RPD) with superior theoretical properties. However, the empirical applicability and robust-ness of the Boone-Indicator is still unknown. This paper aims to address that question. Using a rich, newly built,...

Persistent link: https://www.econbiz.de/10009129974

Social custom, free-riders, and trade union membership in Germany and Great Britain

Goerke, Laszlo; Pannenberg, Markus - 1998

In the absence of closed-shops and discriminatory wage policies, union membership can be explained by the existence of … Great Britain, we find evidence for social custom effects in the determination of trade union membership in both countries … which restrict free-riding on union services. The impact of social custom effects tends to be independent of union density …

Persistent link: https://www.econbiz.de/10009668119

Structural unemployment and the output gap in Germany : evidence from an SVAR analysis within a hysteresis framework

Fritsche, Ulrich; Logeay, Camille - 2002

The German unemployment rate shows strong signs if non-stationarity over the course of the previous decades. This is in line with an insider-outsider model under full hysteresis. We applied a "theory-guided view" to the data using the structural VAR model as developed by Balmaseda, Dolado and...

Persistent link: https://www.econbiz.de/10011437007

Identifying the role of labor markets for monetary policy in an estimated DSGE model

Christoffel, Kai (contributor); Küster, Keith (contributor) - 2006

We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we structurally model matching frictions and rigid wages...

Persistent link: https://www.econbiz.de/10003339179

Reforming the labor market and improving competitiveness : an analysis for Spain using FiMod

Schwarzmüller, Tim; Stähler, Nikolai - 2011

This paper uses an extended version of “FiMod – A DSGE Model for Fiscal Policy Simulations” (Stähler and Thomas, 2011) with endogenous job destruction decisions by private firms to analyze the effects of several currently discussed labor market reforms on the Spanish economy. The main...