Showing 1 - 10 of 109
This paper studies wage effects and job mobility as a result of skill mismatch in worker- occupation pairs. I develop a Roy model in which learning on the job induces workers to shift more time towards job-specific activities. Using a short task panel containing data on worker’s time...
Persistent link: https://www.econbiz.de/10014304206
In this paper a simultaneous-equations model of firm closing and wage determination is specified in order to analyse how wages adjust to unfavorable product demand shocks that raise the risk of displacement through firm closing, and to what extent an exogenous wage change affects the exit...
Persistent link: https://www.econbiz.de/10009640400
This paper employs an aggregate representation of an overlapping generation (OLG) model quantifying a decrease of the natural real interest rate in the range of -1.7 and -0.4 percentage points in the euro area between 1990 and 2030 due to demographics alone. Two channels contribute to this...
Persistent link: https://www.econbiz.de/10011994650
This paper analyzes the effect of educational mismatch on wages in Germany, using data from the German Socio-Economic Panel. Educational mismatch has been discussed extensively, mostly by applying OLS wage regressions which are prone to an unobserved heterogeneity bias. This problem is...
Persistent link: https://www.econbiz.de/10009763249
This study investigates whether foreign origin teachers causally affect their students language skills in secondary school. Exploring within-student variation in assignment to teachers, I find that teachers who are immigrants or descendants of immigrants significantly increase the reading...
Persistent link: https://www.econbiz.de/10012257161
With increasing educational attainment in Germany, the issue of inefficient human capital allocation gains importance. Especially overeducation seems to be a problem, since more and more highly educated individuals are required to take jobs that do not match their educational level, settling for...
Persistent link: https://www.econbiz.de/10011988619
Persistent link: https://www.econbiz.de/10011618280
Using a semi-structural approach based on a dynamic monopsony model, we examine to what extent workers performing different job tasks are exposed to different degrees of monopsony power, and whether these differences in monopsony power have changed over the last 30 years. We find that workers...
Persistent link: https://www.econbiz.de/10012405643
Increased investment in clean electricity generation or the introduction of a carbon tax will most likely lead to higher electricity prices. We examine the effect from changing electricity prices on manufacturing employment. Analyzing firm-level data, we find that rising electricity prices lead...
Persistent link: https://www.econbiz.de/10012499645
We consider the effects of quantitative easing on liquidity and prices of bonds in a search- and matching model. The …
Persistent link: https://www.econbiz.de/10012212850