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The Minimum Wage from a Two-Sided Perspective

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 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/10010887014

Does Migration Raise Agricultural Investment? An Empirical Analysis for Rural Mexico

Böhme, Marcus - Institut für Weltwirtschaft (IfW) - 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/10010886841

Structural unemployment in Europe: A bird's-eye view

Paqué, Karl-Heinz - Institut für Weltwirtschaft (IfW) - 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...

Persistent link: https://www.econbiz.de/10009276307

They Are Even Larger! More (on) Puzzling Labor Market Volatilities

Gartner, Hermann; Merkl, Christian; Rothe, Thomas - Institut für Weltwirtschaft (IfW) - 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/10004987458

Real wages and monetary policy transmission in the euro area

McCallum, Andrew; Smets, Frank - Institut für Weltwirtschaft (IfW) - 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/10005818845

Multinationals as Stabilizers? Economic Crisis, Access to Finance, and Employment Growth

Alvarez, Roberto; Görg, Holger - Institut für Weltwirtschaft (IfW) - 2011

This paper examines the comparative response of multinationals and domestic firms to an economic crisis, using the empirical setting of a well defined case of economic slowdown in Chile. We find that employment in manufacturing plants has been drastically reduced during the economic crisis. Our...

Persistent link: https://www.econbiz.de/10009021628

The New Economy ; What Is Really New?

Siebert, Horst - Institut für Weltwirtschaft (IfW) - 2000

This paper analyzes some of the elements of the new economy. What is really new is first of all the technological innovation. In economic terms what is new is a new product. The new IT product brought about by the new technology means two different things: a new device to handle data and to...

Persistent link: https://www.econbiz.de/10005818826

Implementing quotas in university admissions: An experimental analysis

Braun, Sebastian; Dwenger, Nadja; Kübler, Dorothea; … - Institut für Weltwirtschaft (IfW) - 2012

students often fail to grasp the strategic issues involved. The modified SDA algorithm significantly improves the matching for …

Persistent link: https://www.econbiz.de/10010886875

Sector-Specific Productivity Shocks in a Matching Model

Wesselbaum, Dennis - Institut für Weltwirtschaft (IfW) - 2010

the effects of temporary and permanent sector-specific shocks in a New Keynesian matching model. We show that temporary …

Persistent link: https://www.econbiz.de/10008496992

An Incentive Theory of Matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2009

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …

Persistent link: https://www.econbiz.de/10004992848