Similar Search Results

Wage Cyclicalities and Labor Market Dynamics at the Establishment Level : Theory and Evidence

Merkl, Christian - 2017

Using the new AWFP dataset that covers all German establishments, we document a substantial cross-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are procyclical, there is a large fraction of establishments with...

Persistent link: https://www.econbiz.de/10012946571

Revisiting the Matching Function

Kohlbrecher, Britta - 2014

negative time trend in estimated matching functions. In addition, the full nonlinear combined model generates highly asymmetric …

Persistent link: https://www.econbiz.de/10013046221

Public Employment Agency Reform, Matching Efficiency, and German Unemployment

Merkl, Christian; Sauerbier, Timo - 2022

Our paper analyzes the role of public employment agencies in job matching, in particular the effects of the … restructuring of the Federal Employment Agency in Germany (Hartz III labor market reform) for aggregate matching and unemployment … workers reduced unemployed by 0.8 percentage points. Through the lens of an aggregate matching function, more activation is …

Persistent link: https://www.econbiz.de/10014241882

Business Cycle Asymmetries and the Labor Market

Kohlbrecher, Britta - 2016

This paper shows that the matching function and the Beveridge curve in the United States exhibit strong nonlinearities … over the business cycle. These patterns can be replicated by enhancing a search and matching model with idiosyncratic …

Persistent link: https://www.econbiz.de/10012996526

Macroeconomic Volatilities and the Labor Market : First Results from the Euro Experiment

Merkl, Christian - 2010

This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone offers an unprecedented experiment for this exercise: since 1999, no national monetary policies have been implemented that could account for volatility differences across...

Persistent link: https://www.econbiz.de/10013143682

Extensive vs. Intensive Margin in Germany and the United States : Any Differences?

Merkl, Christian - 2010

This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the United States. The contribution is twofold. First, we provide an update of older U.S. studies and confirm the view that the extensive margin (i.e., the adjustment in the number...

Persistent link: https://www.econbiz.de/10013139060

Hartz IV and the Decline of German Unemployment : A Macroeconomic Evaluation

Hochmuth, Brigitte - 2019

This paper proposes a new approach to evaluate the macroeconomic effects of the Hartz IV reform in Germany, which reduced the generosity of long-term unemployment benefits. We use a model with different unemployment durations, where the reform initiates both a partial effect and an equilibrium...

Persistent link: https://www.econbiz.de/10012870220

Escaping the Unemployment Trap : The Case of East Germany

Merkl, Christian; Snower, Dennis J. - 2021

This paper addresses the question of why high unemployment rates tend to persist even after their proximate causes have been reversed (e.g., after wages relative to productivity have fallen). We suggest that the longer people are unemployed, the greater is their cumulative likelihood of falling...

Persistent link: https://www.econbiz.de/10013324988