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Doves for the rich, hawks for the poor? : distributional consequences of systematic monetary policy

Gornemann, Nils; Küster, Keith; Nakajima, Makoto - 2021

, instead, favors unemployment-centric policy. One- and two-agent alternatives can show unanimous disapproval of inflation …

Persistent link: https://www.econbiz.de/10012511775

Federal unemployment reinsurance and local labor-market policies

Ignaszak, Marek; Jung, Philip; Küster, Keith - 2020 - This version: November 15, 2020

-border risk-sharing is limited, giving a role to a federal unemployment-based transfer scheme. Member states control local labor … Monetary Union, we find notable welfare gains if the federal scheme's payouts take the member states' past unemployment level … as a reference point. Member states' control over policies other than unemployment benefits can limit generosity during …

Persistent link: https://www.econbiz.de/10012319935

The geography of job creation and job destruction

Kuhn, Moritz; Manovskii, Iourii; Qiu, Xincheng - 2021

, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job … quantitatively rationalizes why differences in job-separation rates have primary importance in inducing differences in unemployment … across space while changes in the job-finding rate are the main driver in unemployment fluctuations over the business cycle. …

Persistent link: https://www.econbiz.de/10012663064

Drivers of working hours and household income dynamics during the COVID-19 pandemic: the case of the Netherlands

Zimpelmann, Christian; Gaudecker, Hans-Martin von; … - 2021

Using customized panel data spanning the entire year of 2020, we analyze the dynamics of working hours and household income across different stages of the CoVid-19 pandemic. Similar to many other countries, during this period the Netherlands experienced a quick spread of the SARS-CoV-2 virus,...

Persistent link: https://www.econbiz.de/10012517018

Occupation growth, skill prices, and wage inequality

Böhm, Michael; Gaudecker, Hans-Martin von; Schran, Felix - 2022

This paper studies the relationship between occupational employment, occupational wages, and rising wage inequality. We document that in all occupations, entrants and leavers earn less than stayers. This suggests selection effects that are negative for growing occupations and positive for...

Persistent link: https://www.econbiz.de/10013257695

Spillover, efficiency and equity effects of regional firm subsidies

Siegloch, Sebastian; Wehrhöfer, Nils; Etzel, Tobias - 2022

We analyze the effects of a large place-based policy, subsidizing up to 50% of the investment costs of manufacturing firms in East Germany. We show that a one-percentage-point decrease in the subsidy rate leads to a 1% decrease in manufacturing employment. We document important local spillovers...

Persistent link: https://www.econbiz.de/10013468293

Credit supply, firms, and earnings inequality

Moser, Christian; Saidi, Farzad; Wirth, Benjamin; … - 2021

We study the distributional consequences of monetary policy-induced credit supply in the labor market. To this end, we construct a novel dataset that links worker employment histories to firm financials and banking relationships in Germany. Firms in relationships with banks that are more exposed...

Persistent link: https://www.econbiz.de/10012511768

Job levels and wages

Bayer, Christian; Kuhn, Moritz - 2023

Job levels summarize the complexity, autonomy, and responsibility of task execution. Conceptually, job levels are related to the organization of production, are distinct from occupations, and can be constructed from data on task execution. We highlight their empirical role in matched...

Persistent link: https://www.econbiz.de/10014284588

Coordinated firm-level work processes and macroeconomic resilience

Kuhn, Moritz; Luo, Jinfeng; Manovskii, Iourii; Qiu, Xincheng - 2022

document. While the standard unemployment insurance policy pays benefits to workers who lose their jobs, the short-time work …

Persistent link: https://www.econbiz.de/10013468248

Monopsony makes firms not only small but also unproductive : why East Germany has not converged

Bachmann, Ruediger; Bayer, Christian; Stüber, Heiko; … - 2024

When employers face a trade-off between being large and paying low wages - and in this sense have monopsony power - some productive employers decide to acquire few customers, forgo sales, and remain small. These decisions have adverse consequences for aggregate labor productivity. Using...

Persistent link: https://www.econbiz.de/10014578387