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Changes in the Czech Wage Structure : Does Immigration Matter?
Dybczak, Kamil; Galuscak, Kamil - 2021
Using the Albrecht et al. (2003) version of the Machado and Mata (2005) decomposition technique along the wage distribution, we find that immigrant workers do not affect changes in the Czech wage structure between 2002 and 2006 despite their substantial inflows. Instead, changes in the wage...
Persistent link: https://www.econbiz.de/10013316167
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Labour Market Adjustments in Europe and the US : How Different?
Beyer, Robert - 2015
We compare the labour market response to region-specific shocks in Europe and the US and to national shocks in Europe …-specific variables and the country factors. We find that both in Europe and the US labour mobility accounts for about 50% of the long run … adjustment to region-specific labour demand shocks and only a little more in the US than in Europe, where adjustment takes twice …
Persistent link: https://www.econbiz.de/10013025742
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Wealth Differences across Borders and the Effect of Real Estate Price Dynamics : Evidence from Two Household Surveys
Mathae, Thomas - 2014
Crossing borders, be it international or regional, often go together with price, wage or indeed wealth discontinuities. This paper identifies substantial wealth differences between Luxembourg resident households and cross-border commuter households despite their similar incomes. The average...
Persistent link: https://www.econbiz.de/10013055306
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Changes in the Czech wage structure: Does immigration matter?
Dybczak, Kamil; Galuščák, Kamil - 2010
Using the Albrecht et al. (2003) version of the Machado and Mata (2005) decomposition technique along the wage distribution, we find that immigrant workers do not affect changes in the Czech wage structure between 2002 and 2006 despite their substantial inflows. Instead, changes in the wage...
Persistent link: https://www.econbiz.de/10011605288
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Risk Retention in the European Securitization Market : Skimmed by the Skin-in-The-Game Methods?
van Breemen, Vivian M.; Schwarz, Claudia; Vink, Dennis - 2023
We empirically investigated the impact of regulatory risk retention methods on credit ratings and pricing at issuance using a sample of European securitization tranches issued in the period 2011-2021. European regulation is based on the assumption that all risk retention methods homogenously...
Persistent link: https://www.econbiz.de/10014349343
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The Effect of Macroprudential Policies on Credit Developments in Europe 1995-2017
Budnik, Katarzyna Barbara - 2020
The paper inspects the credit impact of policy instruments that are commonly applied to contain systemic risk. It employs detailed information on the use of capital-based, borrower-based and liquidity-based instruments in 28 European Union countries in 1995—2017 and a macroeconomic panel...
Persistent link: https://www.econbiz.de/10012824519
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Drivers of European Public Debt Management
2020
This study analyses the choice of government debt managers in the euro area between issuing short‐term or long‐term debt over the period 1992‐2017. Debt managers increased short‐term debt issuance in response to higher interest rate spreads and to rising government debt, notably in...
Persistent link: https://www.econbiz.de/10012829297
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Breaking the Shackles : Zombie Firms, Weak Banks and Depressed Restructuring in Europe
Andrews, Dan - 2019
results show that zombie firms are more likely to be connected to weak banks, suggesting that the zombie firm problem in … Europe may at least partly stem from bank forbearance. The increasing survival of zombie firms congests markets and … strengthening efforts and insolvency regime reform would contribute to breaking the shackles on potential growth in Europe …
Persistent link: https://www.econbiz.de/10012892781
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Risky Assets in Europe and the US : Risk Vulnerability, Risk Aversion and Economic Environment
Bekhtiar, Karim - 2019
We use cross-country microdata to analyse the risk taking of households in Europe and the US. Concerning the extensive … inside Europe we document substantial differences. Furthermore, average risk aversion is strongly correlated with the share …
Persistent link: https://www.econbiz.de/10012871885
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Lobbying in Europe : New Firm-Level Evidence
Dellis, Konstantinos - 2017
Lobbying can provide policy makers with important sector-specific information and thereby facilitating informed decisions. If going far beyond this, in particular if successfully influencing policy makers to unnecessarily tighten regulation or not opening already excessively regulated markets,...
Persistent link: https://www.econbiz.de/10012954407