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Kohlbrecher, Britta; Merkl, Christian; Nordmeier, Daniela - 2014

model match formation. We use German administrative labor market data to show that the matching function correlation solely … based on idiosyncratic productivity and free entry is very close to the empirical matching function. Consequently, we argue … that standard matching function estimations are seriously biased if idiosyncratic productivity plays a role for match …

Persistent link: https://www.econbiz.de/10010248216

Extensive vs. intensive margin in Germany and the United States : any differences?

Merkl, Christian; Wesselbaum, Dennis - 2009

This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the United States. The contribution is twofold. First, we provide an update of older U.S. studies and confirm the view that the extensive margin (i.e., the adjustment in the number...

Persistent link: https://www.econbiz.de/10003929206

Centralized vs. decentralized wage formation : the role of firms’ production technology

Hirsch, Boris; Merkl, Christian; Müller, Steffen; … - 2014

This paper is the first to show theoretically and empirically how firms' production technology affects the choice of their preferred wage formation regime. Our theoretical framework predicts, first, that the larger the total factor productivity of a firm, the more likely it is to opt for...

Persistent link: https://www.econbiz.de/10010360962

Escaping the unemployment trap : the case of East Germany

Merkl, Christian (contributor); … - 2008 - Rev. version

This paper addresses the question of why prolonged regional unemployment differentials tend to persist even after their proximate causes have been reversed (e.g., after wages in the highunemployment regions have fallen relative to those in the low-unemployment regions). We suggest that the...

Persistent link: https://www.econbiz.de/10003775079

Escaping the unemployment trap : the case of East Germany

Merkl, Christian (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003414301

Banks' regulatory buffers, liquidity networks and monetary policy transmission

Merkl, Christian (contributor); … - 2006

Based on a quarterly regulatory dataset for German banks from 1999 to 2004, this paper analyzes the effects of banks' regulatory capital on the transmission of monetary policy in a system of liquidity networks. The dynamic panel regression results provide evidence in favor of the bank capital...

Persistent link: https://www.econbiz.de/10003387463

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/10003825019

Comparing the effectiveness of employment subsidies

Brown, Alessio J. G. (contributor); … - 2006

This paper provides a theoretical and quantitative analysis of various types of wellknown employment subsidies. Two important questions are addressed: (i) How should employment subsidies be targeted? (ii) How large should the subsidies be? We consider measures involving targeting workers with...

Persistent link: https://www.econbiz.de/10003384689

Comparing the effectiveness of employment subsidies

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2010 - October 2010 (this final and revised version)

Persistent link: https://www.econbiz.de/10011451838