Showing 1 - 9 of 9
volatility of unemployment, while the efficiency wage mechanism fits better the cyclicality of the wage rate. …
Persistent link: https://www.econbiz.de/10012432746
While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firm's and from a macro perspective. Adjustment cost theories and arguments about option values of...
Persistent link: https://www.econbiz.de/10010293739
Stochastic shocks to aggregate labor supply elasticity are introduced into a real-business-cycle setup augmented with a detailed government sector. The model is calibrated to Bulgarian data for the period following the introduction of the currency board arrangement (1999-2018). The quantitative...
Persistent link: https://www.econbiz.de/10013193546
This paper evaluates the impact of economic and legal variables on wage differentials between men and women. Since … international data set on the gender wage gap, which is constructed via a meta-analysis of existing studies. The findings show that … both increased competition and the enactment of equal treatment laws reduce the gender wage gap. …
Persistent link: https://www.econbiz.de/10010292738
Since the early seventies, hundreds of authors have calculated gender wage differentials between women and men of equal … productivity. This meta-study provides a quantitative review of this vast amount of empirical literature on gender wage … data restrictions have the biggest impact on the resulting gender wage gap. Moreover, we are able to show what effect a …
Persistent link: https://www.econbiz.de/10010292752
Little is known about the payoffs to apprenticeship training in the German speaking countries for the participants. There is a lot of heterogeneity in the types of apprenticeships offered, and there might be an important element of selection in who obtains an apprenticeship, and what type. To...
Persistent link: https://www.econbiz.de/10010294032
Two very different approaches are used to explore the relation between market orientation and gender wage differentials … in international data. More market orientation might be related to gender wage gaps via its effects on competition in … calculating internationally consistent gender wage residuals in the first place. By comparing these two very different methods of …
Persistent link: https://www.econbiz.de/10010294049
We introduce government production of both output-augmenting and utility-enhancing public services into an exogenous growth model with a detailed government sector, and calibrate the model to Bulgarian data for the period following the introduction of the currency board arrangement (1999-2016)....
Persistent link: https://www.econbiz.de/10012113995
We introduce a military sector and external security considerations into a real-business-cycle setup with a public sector. We calibrate the model to Bulgarian data for the period following the introduction of the currency board arrangement (1999-2018). We investigate the quantitative importance...
Persistent link: https://www.econbiz.de/10012594339