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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. 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/10010274586
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Real Wages and the Business Cycle in Germany
Marczak, Martyna; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 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/10008678691
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Counteracting Unemployment in Crises: Non-Linear Effects of Short-Time Work Policy
Gehrke, Britta; Hochmuth, Brigitte - 2018
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...
Persistent link: https://www.econbiz.de/10011873476
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The dynamics of entrepreneurship: hysteresis, business cycles and government policy
Congregado, Emilio; Golpe, Antonio A.; Parker, Simon C. - 2009
This paper estimates an unobserved components model to explore the macro dynamics of entrepreneurship in Spain and the US. We ask whether entrepreneurship exhibits hysteresis, defined as a macro dynamic structure in which cyclical fluctuations have persistent effects on the natural rate of...
Persistent link: https://www.econbiz.de/10010276150
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How Does the Economic Uncertainty Affect Asset Prices under Normal and Financial Distress Times?
Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2022
shocks depends on financial conditions. Our model allows us to change the response of the US financial markets to volatility …
Persistent link: https://www.econbiz.de/10013351835
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Exchange Rate Volatility Effects on the German Labour Market: A Survey of Recent Results and Extensions
Buscher, Herbert S.; Mueller, Claudia - 1999
In this paper, a survey on theoretically expected and empirically proved impacts of exchange rate volatility is given …. With regard to the West German unemployment, the effects of volatility are empirically analysed using three different … volatility measures and four country groups. In autoregressive models, a significant disturbing impact of volatility can be found …
Persistent link: https://www.econbiz.de/10010262270
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When and how to create a job: the survival of new jobs in Austrian firms
Böheim, René; Stiglbauer, Alfred M.; Winter-Ebmer, Rudolf - 2005
While the volatility of job creations has been studied extensively, the survival chances of new jobs are less …
Persistent link: https://www.econbiz.de/10010267397
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Piece work pay and hourly pay over the cycle
Hart, Robert A. - 2006
This paper investigates the relative cyclical behavior of the pay of piece workers and hourly paid workers. It uses a unique data set of blue-collar workers in British engineering between 1926 and 1966. The statistics are obtained from the payrolls of firms belonging to the Engineering Employers...
Persistent link: https://www.econbiz.de/10010267830
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Re-employment probabilities over the business cycle
Imbens, Guido W.; Lynch, Lisa M. - 2006
Using a Cox proportional hazard model that allows for a flexible time dependence in order to incorporate business cycle effects, we analyze the determinants of reemployment probabilities of young workers in the U.S. from 1978-1989. We find considerable changes in the chances of young workers...
Persistent link: https://www.econbiz.de/10010268048
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Self-Employment Dynamics Across the Business Cycle : Migrants Versus Natives
Constant, Amelie F.; Zimmermann, Klaus F. - 2004
Economically active people are either in gainful employment, are unemployed or selfemployed. We are interested in the dynamics of the transitions between these states across the business cycle. It is generally perceived that employment or self-employment are absorbing states. However,...
Persistent link: https://www.econbiz.de/10010272297