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Cyclical Skill-Biased Technological Change
Balleer, Almut - 2009
Over the past two decades, technological progress has been biased towards making skilled labor more productive. What does skill-biased technological change imply for business cycles? To answer this question, we construct a quarterly series for the skill premium from the CPS and use it to...
Persistent link: https://www.econbiz.de/10013158513
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Aggregation in Large Dynamic Panels
Pesaran, M. Hashem - 2011
concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to …
Persistent link: https://www.econbiz.de/10013129942
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Real Wage Cyclicality in Italy
Peng, Fei - 2006
This paper analyzes the cyclical behaviour of male real wages in Italy using the European Community Household Panel …. Stayers are the large majority. We find stayers in Northern Italy to have high cyclicality of real wages, higher in fact than … the North of Italy operate much more competitively than in the Centre and South …
Persistent link: https://www.econbiz.de/10012778997
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China's Emergence in the World Economy and Business Cycles in Latin America
Pesaran, M. Hashem - 2011
The international business cycle is very important for Latin America's economic performance as the recent global crisis vividly illustrated. This paper investigates how changes in trade linkages between China, Latin America, and the rest of the world have altered the transmission mechanism of...
Persistent link: https://www.econbiz.de/10013121741
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Uncertainty Shocks and Unemployment Dynamics
2020
Recent events suggest that uncertainty changes play a major role in U.S. labor market fluctuations. This study analyzes the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that uncertainty shocks measured by stock market volatility have a...
Persistent link: https://www.econbiz.de/10012829214
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On the Exchange Rate and Economic Policy Uncertainty Nexus : A Panel VAR Approach for Emerging Markets
Abid, Abir - 2020
We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR perspective used for the first time in this context. Focusing on Emerging Market Economies (EME), our noteworthy findings postulate that (a) both home and foreign EPU shocks...
Persistent link: https://www.econbiz.de/10012831210
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Evolving Wage Cyclicality in Latin America
Gambetti, Luca - 2017
Examines the evolution of the cyclicality of real wages and employment in four Latin American economies: Brazil, Chile, Colombia and Mexico, during the period 1980-2010. Wages are highly pro-cyclical during the 1980s and early 1990s, a period characterized by high inflation. As inflation...
Persistent link: https://www.econbiz.de/10012959063
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The Impact of Syrian Refugees on the Labor Market in Neighboring Countries : Empirical Evidence from Jordan
Fakih, Ali - 2016
This paper analyzes time-sensitive data on a humanitarian crisis in the Middle East. It aims to assess the impact of the steep influx of Syrian refugees into Jordan on the country's labor market since the onset of the conflict in Syria (March 2011). As of August 2014, nearly 3 million registered...
Persistent link: https://www.econbiz.de/10013000084
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Identifying the Substitution Effect of Temporary Agency Employment
Jahn, Elke J. - 2012
This paper fills a gap in the literature by investigating whether temporary agency employment substitutes regular employment. To take into account the interaction between the two employment forms, we identify a SVAR model with correlated innovations by volatility regimes. We show that a positive...
Persistent link: https://www.econbiz.de/10013107696
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Identifying Regional Labor Demand Shocks Using Sign Restrictions
Juessen, Falko - 2012
We propose using sign restrictions to identify regional labor demand shocks in a panel VAR of US federal states. Observed migration responds significantly, but less persistently than the residual-based migration measure constructed by Blanchard and Katz (1992)
Persistent link: https://www.econbiz.de/10013099800