Showing 1 - 10 of 125
It has been well established that the wages of individual workers react little, especially downwards, to shocks that hit their employer. This paper presents new evidence from a unique survey of firms across Europe on the prevalence of downward wage rigidity in both real and nominal terms. We...
Persistent link: https://www.econbiz.de/10011605151
It has been well established that the wages of individual workers react little, especially downwards, to shocks that hit their employer. This paper presents new evidence from a unique survey of firms across Europe on the prevalence of downward wage rigidity in both real and nominal terms. We...
Persistent link: https://www.econbiz.de/10013155111
The elasticity of substitution between domestic and imported goods is a central parameter in macroeconomic models, but after decades of empirical studies there is no consensus on its magnitude. Earlier literature using time series arrives at low values, while more recent studies using...
Persistent link: https://www.econbiz.de/10013100338
bias. In order to evaluate the regional bias hypothesis, we augment individual Taylor rules for the Federal Reserve Bank … rules reveal that the preferences of some Federal Reserve Bank Presidents were not free of a regional bias. Augmented Taylor …
Persistent link: https://www.econbiz.de/10013047995
This paper studies the causal effect of gender bias on access to bank credit. We extract an exogenous measure of gender … bias from survey responses by descendants of US immigrants on questions about the role of women in society. We then use … data on 6,000 small business firms from 17 countries and find that in countries with higher gender bias, female-owned firms …
Persistent link: https://www.econbiz.de/10013019627
compared with the Fisher Ideal index to quantify elementary index bias. Across product categories, mean levels of annual … elementary index bias vary between -0.53 percentage points and 0.55 percentage points depending on the index, while the standard … average effect of elementary index bias on national inflation ranges from -0.45 to 0.45 percentage points depending on the …
Persistent link: https://www.econbiz.de/10013040610
Using data from the ECB's Survey of Professional Forecasters, we investigate the reporting practices of survey participants by comparing their point predictions and the mean/median/mode of their probability forecasts. We find that the individual point predictions, on average, tend to be biased...
Persistent link: https://www.econbiz.de/10013316742
IFC as the debt bias would fall. However, when other considerations eclipse competence and give the incumbent a strong … electoral advantage or disadvantage, setting up an IFC may be counterproductive as the debt bias would increase. If the … bias if voters care sufficiently about policymakers' competence; (ii) not all political environments are conducive to the …
Persistent link: https://www.econbiz.de/10012949941
, income and welfare state policies in explaining differences in household net wealth within and between euro area countries … wealth percentiles. At the same time, each additional percentile in the income distribution is associated with about 0.4 net …
Persistent link: https://www.econbiz.de/10013014961
This article aims at linking the household wealth and income distributions for 15 European countries using the … Household Finance and Consumption Survey. We study the role played by the household's location in the income distributions in … the position in the income distribution and by intergenerational transfers on the probability to be in a given wealth …
Persistent link: https://www.econbiz.de/10013053420