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Google Econometrics and Unemployment Forecasting
Askitas, Nikos - 2012
The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword...
Persistent link: https://www.econbiz.de/10013117001
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Real Wages and the Business Cycle in Germany
Marczak, Martyna - 2010
This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany. As detrending methods we apply the deterministic trend model, the Beveridge-Nelson decomposition, the Hodrick-Prescott filter, the Baxter-King filter and the structural time...
Persistent link: https://www.econbiz.de/10013137519
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Adapting to Climate Risk? Local Population Dynamics in the United States
Indaco, Agustín; Ortega, Francesc - 2023
Using a new composite climate-risk index, we show that population in high-risk counties has grown disproportionately … largely driven by increases in the (white) working-age population. In addition, we show that high-risk tracts have typically … grown more than low-risk tracts within the same county, suggesting the presence of highly localized amenities in high-risk …
Persistent link: https://www.econbiz.de/10014260268
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Do Firms Demand Temporary Workers When They Face Workload Fluctuation? Cross-Country Firm-Level Evidence on the Conditioning Effect of Employment Protection
Dräger, Vanessa - 2012
developed search-and-matching model. Our results are robust to subgroups, subsamples and alternative estimation strategies …
Persistent link: https://www.econbiz.de/10013099406
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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
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Cyclical Variation in Labor Hours and Productivity Using the ATUS
Burda, Michael C. - 2013
We examine monthly variation in weekly work hours using data for 2003-10 from the Current Population Survey (CPS) on hours/worker, from the Current Employment Survey (CES) on hours/job, and from the American Time Use Survey (ATUS) on both. The ATUS data minimize recall difficulties and constrain...
Persistent link: https://www.econbiz.de/10013089287
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Public Wages, Public Employment, and Business Cycle Volatility : Evidence from U.S. Metro Areas
A. Reicher, Claire - 2016
Based on data from a cross section of U.S. metro areas, we show that public employment correlates negatively with business cycle volatility, hinting at a stabilizing effect of public employment, while public wages correlate weakly and positively with business cycle volatility, hinting at a...
Persistent link: https://www.econbiz.de/10012989839
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Precious Metal Prices : A Tale of Four U.S. Recessions
Agnese, Pablo; Garcia-del-Barrio, Pedro; Gil-Alana, Luis A. - 2023
This paper empirically examines the degree of persistence in four precious metal prices (i.e., gold, palladium, platinum, and silver) during the last four U.S. recessions. Unit root tests and fractional integration techniques suggest that gold still is the most prominent safe haven asset within...
Persistent link: https://www.econbiz.de/10014351417
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Growth in the Shadows : Effect of the Shadow Economy on U.S. Economic Growth Over More than a Century
Goel, Rajeev K. - 2017
This paper provides a long-term view by studying the effect of the underground or shadow economy on economic growth in the Unites States over the period 1870 to 2014. Shadow activities might spur or retard economic growth depending on their interactions with the formal sector and impacts on the...
Persistent link: https://www.econbiz.de/10012957508
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Testing the Specification of the Mincer Wage Equation
Belzil, Christian - 2021
I perform the joint estimation of a reduced-form dynamic model of the transition from one grade level to the next, and …
Persistent link: https://www.econbiz.de/10013317194