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This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...
Persistent link: https://www.econbiz.de/10011444593
This paper follows up recent work on the relationship between (un-)employment and wage effects of social security …
Persistent link: https://www.econbiz.de/10011439693
This paper analyzes the impact increased offshoring has on labor income risk. It is therefore distinct from a large number of studies explaining the level effects of globalization on the labor market in that it takes a look at effects on second moments, i.e. the variance of incomes. It provides...
Persistent link: https://www.econbiz.de/10009521124
relative wage and unemployment differentials for various labour market defining characteristics. A simultaneous increase in the … relative wage and the unemployment likelihood is defined as a relative wage rigidity dynamic for a labour market characteristic …
Persistent link: https://www.econbiz.de/10011445051
workers in service occupations are identified to exhibit rising unemployment due to wage rigidities and are therefore not …
Persistent link: https://www.econbiz.de/10011447106
We present evidence for a highly significant interaction between state dependence in individual unemployment risk and … high unemployment and larger in times of low unemployment. This is consistent with the existence of stigma effects in the … sense that unemployed individuals face difficulties finding a new job because employers interpret unemployment as a negative …
Persistent link: https://www.econbiz.de/10003745095
The paper analyses the potential impact of stock market developments on lending behaviour from different perspectives. First we scrutinize the impact of stock market movements on the banks’ and on the borrowers’ balance sheets. Subsequently we estimate aggregate credit supply and demand...
Persistent link: https://www.econbiz.de/10003342766
individuals. The programme effects are estimated considering the timing of treatment in the individual unemployment spell …. Applying propensity score matching in a dynamic setting where the time until treatment in the unemployment spell is stratified … quarter of the unemployment spell. For East Germany, none of the groups experiences an improvement of the labour market …
Persistent link: https://www.econbiz.de/10003337998
periods and the size of unemployment benefits on unemployment durations and post{unemployment earnings in West Germany. For … the unemployment duration, we estimate censored Box{Cox quantile regression, which is robust with respect to the … the length of benefit entitlement is only of minor importance for the duration of search unemployment and for post …
Persistent link: https://www.econbiz.de/10003435417
Recent labor market reforms in Germany aim, among other things, at reducing unemployment by restricting passive … unemployment measures, emphasizing local labor market policies and re-structuring public employment services. This paper uses … contribute to the shortening of unemployment duration. For this purpose, we estimate a semi-parametric duration model with three …
Persistent link: https://www.econbiz.de/10003404769