Economic hardship is strongly reflected by the housing market. It is the concern of much research, but its analysis is often obstructed by insufficient lagged data. This paper evaluates search intensity for "hardship letter" from Google Insights to detect ensuing mortgage delinquencies. Such...

This paper analyzes the effect of Product Market Regulation (PMR) on unemployment in asearch model with heterogeneous multiple-worker firms. In our setup, PMR modifies thedistribution of firm productivities, thereby affecting the equilibrium rate of unemployment...

Using unique recently released nationally representative high-quality data at the plant level,this paper presents the first comprehensive evidence on the relationship between productivityand size of the export market for Germany, a leading actor on the world market formanufactured goods...<br<

We develop a structural multi-factor labour demand model which distinguishes between eightlabour categories including non-standard types of employment such as marginalemployment. The model is estimated for both the number of workers and total working hoursusing a new panel data set...

The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated interest among researchers, consumers and producer organizations, managers, regulators and policymakers, This research reviews the growing literature on models used to study...

Institutions, social norms and the nature of industrial relations vary greatly between Latin American and Western European countries. Such institutional and organizational differences might shape firms' operational environment in general and the type of competition in product and labor markets...

A recent debate raises the question whether market interaction erodes social responsibility. In an experiment, we disentangle three major characteristics of market interaction, diffusion of responsibility, social information, and market framing, and provide evidence for how these characteristics...