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How Rigid are Nominal Wages? Evidence and Implications for Germany

Knoppik, Christoph; Beissinger, Thomas - 2001

Many of the recent attempts to find evidence of downward nominal wage rigidity in micro data have suffered from a number of problems, including composition bias and the effects of measurement error. In order to avoid these problems we explicitly model the determinants of wage changes and the...

Persistent link: https://www.econbiz.de/10010262566

Real wages and the business cycles in Germany

Marczak, Martyna; Beissinger, Thomas - 2010

This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany …

Persistent link: https://www.econbiz.de/10010274586

Potential, prizes and performance : testing tournament theory with professional tennis data

Sunde, Uwe - 2003

This paper tests two hypotheses from the theory of elimination tournaments: (i) that uneven tournaments, where the … contestants are ex ante heterogeneous, entail lower effort exertion; this is a prediction from agency theory that has not been … underlies any agency theory about elimination tournaments, and has been empirically tested in other contexts. The evidence …

Persistent link: https://www.econbiz.de/10010261647

Life expectancy and economic growth: the role of the demographic transition

Cervellati, Matteo; Sunde, Uwe - 2009

the role of the econometric specification. We present a simple theory of the economic and demographic transition where … individuals' education and fertility decisions depend on their life expectancy. The theory predicts that before the demographic …

Persistent link: https://www.econbiz.de/10010269079

Sind Nominallöhne starr? Neuere Evidenz und wirtschaftspolitische Implikationen

Beissinger, Thomas; Knoppik, Christoph - 2003

Bei Vorliegen nach unten starrer Nominallöhne erschwert niedrige Inflation Reallohnanpassungen und führt so möglicherweise zu erhöhter gleichgewichtiger Arbeitslosigkeit. Dieser Aufsatz analysiert die wachsende Evidenz zu nach unten starren Nominallöhnen. Es werden nicht nur die...

Persistent link: https://www.econbiz.de/10010261537

Unobserved Bilateral Search on the Labor Market: A Theory-Based Correction for a Common Flaw in Empirical Matching Studies

Sunde, Uwe - 2002

This paper develops a model of equilibrium unemployment with (unobservable) endogenous on-the-job search and (partly unobservable) endogenous search behavior by firms. The model allows to analyze crowding-out of unemployed job seekers by endogenous on-the job search of employees, and the...

Persistent link: https://www.econbiz.de/10010262710

Cross-sectional earnings risk and occupational sorting: the role of risk attitudes

Bonin, Holger; Dohmen, Thomas; Falk, Armin; Huffman, David - 2006

This paper investigates whether risk preferences explain how individuals are sorted into occupations with different earnings variability. We exploit data from the German Socio-Economic Panel, which contains a subjective assessment of willingness to take risks whose behavioral relevance has been...

Persistent link: https://www.econbiz.de/10010267608

Are all democracies equally good? The role of interactions between political environment and inequality for rule of law

Sunde, Uwe; Cervellati, Matteo; Fortunato, Piergiuseppe - 2007

Using cross-country data, we find evidence for a significant negative interaction effect between democracy and inequality in determining the quality of growth-promoting institutions like rule of law. Democracy is associated with institutions of higher quality when inequality is lower.

Persistent link: https://www.econbiz.de/10010268341

Democratization and civil liberties: The role of violence during the transition

Cervellati, Matteo; Fortunato, Piergiuseppe; Sunde, Uwe - 2011

emerging democracies, and in particular, the protection of civil (political and economic) liberties. A simple theory in which …

Persistent link: https://www.econbiz.de/10010274710

Democratization, violent social conflicts, and growth

Cervellati, Matteo; Sunde, Uwe - 2011

This paper investigates the empirical role of violent conflicts for the causal effect of democracy on economic growth. Exploiting within-country variation to identify the effect of democratization during the Third Wave, we find evidence that the effect of democratization is weaker than reported...

Persistent link: https://www.econbiz.de/10010278790