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Unraveling the skill premium
McAdam, Peter; Willman, Alpo - 2015
For the US the supply and wages of skilled labor relative to those of unskilled labor have grown over the postwar period. The literature has tended to explain this through “skill-biased technical change”. Empirical work has concentrated around two variants: (1) Capital-skill complementarity,...
Persistent link: https://www.econbiz.de/10011605845
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Unraveling the Skill Premium
McAdam, Peter - 2015
For the US the supply and wages of skilled labor relative to those of unskilled labor have grown over the postwar period. The literature has tended to explain this through “skill-biased technical change”. Empirical work has concentrated around two variants: (1) Capital-skill complementarity,...
Persistent link: https://www.econbiz.de/10013020659
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Foreign direct investment and international business cycle comovement
Jansen, W. Jos; Stokman, Ad C.J. - 2004
This paper investigates the relationship between bilateral FDI positions and cross-country business cycle correlations in the period 1982–2001. We find that countries that have comparatively intensive FDI relations also have more synchronized business cycles during 1995–2001. Before 1995, we...
Persistent link: https://www.econbiz.de/10011604447
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Financing constraints, employment, and labor compensation: evidence from the subprime mortgage crisis
Popov, Alexander; Rocholl, Jörg - 2015
This paper identifies the effect of financing constraints on firms’ labor demand. We exploit exogenous funding shocks to German savings banks during the US mortgage crisis that are unrelated to local conditions. We find that firms with credit relationships with affected banks experienced a...
Persistent link: https://www.econbiz.de/10011605866
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Labour shortages and wage growth
Frohm, Erik - 2021
Tight labour markets are usually accompanied by mounting wage pressures. Yet, in the past decade, wage growth has remained subdued despite the appearance of widespread labour shortages. This paper re-examines labour market conditions since 2007 through the lens of a novel indicator, relative...
Persistent link: https://www.econbiz.de/10012605272
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Financing Constraints, Employment, and Labor Compensation : Evidence from the Subprime Mortgage Crisis
Popov, Alexander A. - 2015
This paper identifies the effect of financing constraints on firms' labor demand. We exploit exogenous funding shocks to German savings banks during the US mortgage crisis that are unrelated to local conditions. We find that firms with credit relationships with affected banks experienced a...
Persistent link: https://www.econbiz.de/10013019626
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New technologies and jobs in Europe
Albanesi, Stefania; da Silva, António Dias; Jimeno, Juan F. - 2023
pace of technology diffusion and education, but also to the level of product market regulation (competition) and employment …
Persistent link: https://www.econbiz.de/10014374775
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New Technologies and Jobs in Europe
Albanesi, Stefania; Dias da Silva, Antonio; Jimeno, Juan F. - 2023
pace of technology diffusion and education, but also to the level of product market regulation (competition) and employment …
Persistent link: https://www.econbiz.de/10014346583
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International trade, technological shocks and spillovers in the labour market: A GVAR analysis of the US manufacturing sector
Hiebert, Paul; Vansteenkiste, Isabel - 2007
openness and technology. The econometric approach involves an application of the recently developed global VAR (GVAR … factors (a sector-specific measure of trade openness, along with common technology and oil price shocks), specific measures of …, however, are relatively weaker those induced by technology shocks, with the latter positively and significantly affecting both …
Persistent link: https://www.econbiz.de/10011604777
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Wage setting in Hungary: evidence from a firm survey
Kézdi, Gábor; Kónya, István - 2011
This paper presents new evidence on the flexibility of the Hungarian labor market, with special emphasis on wages. The results are based on a new survey on wage setting among Hungarian firms. The survey is part of the Eurosystem Wage Dynamics Network (WDN), and it is a harmonized questionnaire...
Persistent link: https://www.econbiz.de/10011605424