The prospects for labour supply in Europe are considered. The analysis begins with a so-called labour market balance covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force participation are given in the second part of the...

This paper studies the reservation wages of unemployed persons and the wages offered them in Germany from 1987 to 1998, whereby special focus is placed on unemployment duration. The results of the study indicate that in contrast to reservation wages, offered wages decline considerably with...

Stylized facts suggest that output volatility in OECD countries has declined in recent years. However, the causes and the nature of this decline have so far been analyzed mainly for the United States. In this paper, we analyze whether structural breaks in the dynamics and the volatility of the...

Globalization has affected business cycle developments in OECD countries and has increased activities of firms across national borders. This paper analyzes whether these two developments are linked. We use a new firm-level dataset on the foreign activities of German firms to test whether foreign...

Spiegeln in Befragungen ermittelte Reservationslöhne valide das wider, was nach der Suchtheorie zu erwarten wäre? Um diese Frage beantworten zu können, werden auf Basis der stationären Suchtheorie unter zu Hilfenahme von empirisch ermittelten Beobachtungen über den Sucherfolg von...

The present paper uses German annual data covering the period 1969-2000 to present evidence on the link between aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm predictions of contributions to the theoretical...

Der vorliegende Beitrag untersucht den Einfluss erfragter Reservationslöhne zu Anfang der Arbeitslosigkeit auf die Gesamtdauer bis zu einem Übergang in eine Erwerbstätigkeit auf Basis des GSOEP (2000) für Westdeutschland. Dabei findet die Selektivität im Vorliegen von...