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The minimum wage from a two-sided perspective
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2014
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...
Persistent link: https://www.econbiz.de/10010332009
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They are even larger! More (on) puzzling labor market volatilities
Gartner, Hermann; Merkl, Christian; Rothe, Thomas - 2009
This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...
Persistent link: https://www.econbiz.de/10010277952
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The Determinants of Reservation Wages in Germany Does a Motivation Gap Exist?
Christensen, Björn - 2001
characteristics of the unemployed are the most important determinants of reservation wages. In contrast neither unemployment duration … nor different kinds of unemployment benefits influence reservation wages. Hence the findings corroborate the hypothesis …
Persistent link: https://www.econbiz.de/10010260475
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Real wages and monetary policy transmission in the euro area
McCallum, Andrew; Smets, Frank - 2007
We use the Factor-Augmented Vector Autoregression (FAVAR) approach of Bernanke, Boivin and Eliasz (2005) to estimate the effects of monetary policy shocks on wages and employment in the euro area. The use of a large data set comprising country, sectoral and euro area-wide data allows us to...
Persistent link: https://www.econbiz.de/10010260595
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Does migration raise agricultural investment? An empirical analysis for rural Mexico
Böhme, Marcus - 2013
The effect of remittances on capital accumulation remains a contested topic. This paper uses a panel data set from rural Mexico to investigate the impact of remittances on agriculture and livestock investments. After controlling for the endogeneity of migration through an instrumental variable...
Persistent link: https://www.econbiz.de/10010294943
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Structural unemployment in Europe: A bird's-eye view
Paqué, Karl-Heinz - 1996
This paper presents a synoptic interpretation of structural unemployment in Europe. The paper consists of three parts …. Part 1 summarises some major stilysed facts of the record and the state of unemployment in Europe. In part 2, these facts … are taken as the basis for a theoretical interpretation of the genesis and persistence of European unemployment. Part 3 …
Persistent link: https://www.econbiz.de/10010275385
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The threat of migration - can it be contained? Lesson for Korea from German unification?
Soltwedel, Rüdiger - 1998
This paper deals with the question of how the pressure of migration resulting from the unification of a rich and a poor country can be mitigated. The example of Germany is presented with a view toward potential lessons for a future Korean unification.
Persistent link: https://www.econbiz.de/10010283004
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Real Wages and Monetary Policy Transmission in the Euro Area
McCallum, Andrew H. - 2011
We use the Factor-Augmented Vector Autoregression (FAVAR) approach of Bernanke, Boivin and Eliasz (2005) to estimate the effects of monetary policy shocks on wages and employment in the euro area. The use of a large data set comprising country, sectoral and euro area-wide data allows us to...
Persistent link: https://www.econbiz.de/10013117851
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Reservation wages, offered wages, and unemployment duration: new empirical evidence
Christensen, Björn - 2002
, 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 duration of unemployment. This is the main reason that ratios of reserva …­tion wages to offered wages increase rapidly with duration of unemploy­ment; on average, reservation wages begin to exceed …
Persistent link: https://www.econbiz.de/10010260485
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Die Validität erfragter Reservationslöhne: ein Test auf Basis der stationären Suchtheorie
Christensen, Björn - 2003
short spells of unemployment calculated and reported reservation wages correspond very well, whereas reported reservation …
Persistent link: https://www.econbiz.de/10010260552