Showing 1 - 10 of 30
This paper presents a revised version of the DIW Economic Barometer, the business cycle index of the German Institute for Economic Research (DIW Berlin). As in earlier versions, we put forward a factor model on a monthly frequency to filter the latent state of the aggregate economy. In the new...
Persistent link: https://www.econbiz.de/10010417490
In this study, we set up a DSGE model with upward looking consumption comparison and show that consumption externalities are an important driver of consumer credit dynamics. Our model economy is populated by two different household types. Investors, who hold the economy's capital stock, own the...
Persistent link: https://www.econbiz.de/10012041964
This paper examines the role of sovereign default beliefs for macroeconomic fluctuations and stabilization policy in a small open economy where fiscal solvency is a critical problem. We set up and estimate a DSGE model on Turkish data and show that accounting for sovereign risk significantly...
Persistent link: https://www.econbiz.de/10012607430
policies and higher wages than the periphery without inducing a relocation of firms. The scope to have higher wage is …
Persistent link: https://www.econbiz.de/10011438609
Paid parental leave schemes have been shown to increase women's employment rates but decrease their wages in case of …
Persistent link: https://www.econbiz.de/10012155784
. Ignoring these selection effects can lead to biased expectations about the consequences of working part-time on wages … differences between full-time and part-time workers also predict large changes in hourly wages when a given worker switches …
Persistent link: https://www.econbiz.de/10013493940
study the effects of labor supply shocks on labor market outcomes. Using quarterly information on wages and employment in … separately from the effects of political instability. The results suggest that low-skilled wages are adversely affected by an … increase in the supply of low- and high-skilled workers, while high- skilled wages are only weakly negatively related to an …
Persistent link: https://www.econbiz.de/10003974532
principal implications: First, the distribution of wages becomes more dispersed as a cohort of workers gains experience; second … growth in the variance of residual wages over the first ten years of the worker's career are also the occupations with high …
Persistent link: https://www.econbiz.de/10003974544
-employee data. Estimation results reveal a sizable positive average impact on wages in East Germany and no effect in West Germany … the distribution suggesting spillover effects to wages where the minimum is not binding. -- Minimum wage ; construction …
Persistent link: https://www.econbiz.de/10009347963
This paper provides a way of evaluating a player's contribution to her team and relates her effort to her salaries. We collect data from UEFA Euro 2008 Tournament and construct the passing network of each team. Then we determine the key player in the game while ranking all the other players too....
Persistent link: https://www.econbiz.de/10009262087