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The Crisis, Policy Reactions and Attitudes to Globalization and Jobs
Bell, David N.F. - 2011
We consider the effects of the financial crisis and subsequent recession on world labour markets. It begins by … to be called the Great Recession. Next we look at the labour market and how employment and unemployment have been … lessons might be learned from the marked differences in labour market outcomes following the recession …
Persistent link: https://www.econbiz.de/10013125468
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Growing Up in a Recession : Beliefs and the Macroeconomy
Giuliano, Paola - 2009
Do generations growing up during recessions have different socio-economic beliefs than generations growing up in good times? We study the relationship between recessions and beliefs by matching macroeconomic shocks during early adulthood with self-reported answers from the General Social Survey....
Persistent link: https://www.econbiz.de/10013157021
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Understanding Instrumental Variables in Models with Essential Heterogeneity
Heckman, James J. - 2008
This paper examines the properties of instrumental variables (IV) applied to models with essential heterogeneity, that is, models where responses to interventions are heterogeneous and agents adopt treatments (participate in programs) with at least partial knowledge of their idiosyncratic...
Persistent link: https://www.econbiz.de/10012773742
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Trust in Public Institutions Over the Business Cycle
Stevenson, Betsey - 2011
institutions. Cross-country comparisons reveal a clear legacy of the Great Recession, and those countries whose unemployment grew …
Persistent link: https://www.econbiz.de/10013128218
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Nowcasting Business Cycles Using Toll Data
Askitas, Nikos - 2011
Nowcasting has been a challenge in the recent economic crisis. We introduce the Toll Index, a new monthly indicator for business cycle forecasting and demonstrate its relevance using German data. The index measures the monthly transportation activity performed by heavy transport vehicles across...
Persistent link: https://www.econbiz.de/10013129098
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The Cyclicality of Effective Wages within Employer-Employee Matches in a Rigid Labor Market
Anger, Silke - 2011
This study analyzes real wage cyclicality for male full-time workers within employer-employee matches in Germany over the period 1984-2004. Five different wage measures are compared: the standard hourly wage rate; hourly wage earnings including overtime and bonus pay; the effective wage, which...
Persistent link: https://www.econbiz.de/10013129932
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The Importance of Two-Sided Heterogeneity for the Cyclicality of Labour Market Dynamics
Bachmann, Ronald - 2010
Using administrative data on individual workers' employment history and firms, we investigate the cyclicality of worker flows on the German labour market. Focusing on heterogeneities on both sides of the labour market, we find that small firms hire mainly unemployed workers, and that they do so...
Persistent link: https://www.econbiz.de/10013135186
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Immigrants' Employment Outcomes Over the Business Cycle
Orrenius, Pia M. - 2010
Immigrants have figured prominently in U.S. economic growth for decades, but the recent recession hit them hard …. Immigrantsﾒ labor market outcomes began deteriorating even before the recession was officially underway, largely as a result of …
Persistent link: https://www.econbiz.de/10013135189
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Two-Tier Labor Markets in the Great Recession : France vs. Spain
Bentolila, Samuel - 2010
This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their …
Persistent link: https://www.econbiz.de/10013135650
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Wage Cyclicality Under Different Regimes of Industrial Relations
Gartner, Hermann - 2010
Since there is scant evidence on the role of industrial relations in wage cyclicality, this paper analyzes the effect of collective wage contracts and of works councils on real wage growth. Using linked employer-employee data for western Germany, we find that works councils affect wage growth...
Persistent link: https://www.econbiz.de/10013137244