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Monopsonistic competition, low-wage labour markets, and minimum wages : an empirical analysis

Bachmann, Ronald; Frings, Hanna - 2015

This paper investigates the degree of monopsony power of employers in different industries against the background of a statutory minimum wage introduction in Germany in January 2015. A semi-structural estimation approach is employed based on a dynamic model of monopsonistic competition. The...

Persistent link: https://www.econbiz.de/10011408479

Labour market polarisation, job tasks and monopsony power

Bachmann, Ronald; Demir, Gökay; Frings, Hanna - 2020

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

Aging and real estate prices in Germany

Breidenbach, Philipp; Jäger, Philipp; Taruttis, Lisa - 2022

robust empirical evidence that population aging depresses real estate prices and rents. Using millions of individual real … have been up to 12% higher, if the population age distribution had been the same as in 2008. We show that population aging … demand for living space and live-cycle dissaving are driving our results. We predict that population aging will continue to …

Persistent link: https://www.econbiz.de/10013415857

The intensive and extensive margin of European labour supply

Frings, Hanna; Schaffner, Sandra - 2011

Das Arbeitsangebot wird grundsätzlich durch zwei Faktoren bestimmt: Die Partizipation am Arbeitsmarkt (extensives … Arbeitsangebot) und die Anzahl der gearbeiteten Stunden der Beschäftigten (intensives Arbeitsangebot). Auf Basis der … gesamte Arbeitsangebot ist. Die Ergebnisse deuten auf signifikante Unterschiede im Arbeitsangebot zwischen den Ländern hin …

Persistent link: https://www.econbiz.de/10009581047

On marginal and interaction effects : the case of Heckit and Two-Part Models

Frondel, Manuel; Vance, Colin - 2009

Interaction effects capture the impact of one explanatory variable x1 on the marginal effect of another explanatory variable x2. To explore interaction effects, so-called interaction terms x1x2 are typically included in estimation specifications. While in linear models the effect of a marginal...

Persistent link: https://www.econbiz.de/10003884965

Being focused : when the purpose of inference matters for model selection

Behl, Peter; Dette, Holger; Frondel, Manuel; Tauchmann, … - 2011

In contrast to conventional model selection criteria, the Focused Information Criterion (FIC) allows for purpose-specific choice of models. This accommodates the idea that one kind of model might be highly appropriate for inferences on a particular parameter, but not for another. Ever since its...

Persistent link: https://www.econbiz.de/10009579634

On interaction effects : the case of heckit and two-part models

Frondel, Manuel; Vance, Colin - 2012

Interaction effects capture the impact of one explanatory variable x1 on the marginal effect of another explanatory variable x2. To explore interaction effects, socalled interaction terms x1x2 are typically included in estimation specifications. While in linear models the effect of a marginal...

Persistent link: https://www.econbiz.de/10009580057

Future pain at the diesel pump? : potential effects of the European Commission's energy taxation proposal

Frondel, Manuel; Vance, Colin - 2011

The Energy Tax Directive recently proposed by the European Commission envisages to tax fuels based on their energy content. By raising prices for diesel to a level higher than that of petrol, this proposal would eliminate the price advantage currently enjoyed by diesel in most EU Member States....

Persistent link: https://www.econbiz.de/10009580273

Re-identifying the rebound : what about asymmetry?

Frondel, Manuel; Vance, Colin - 2011

Rebound effects measure the behaviorally induced offset in the reduction of energy consumption following efficiency improvements. Using panel estimation methods and household travel diary data collected in Germany between 1997 and 2009, this study identifies the rebound effect in private...

Persistent link: https://www.econbiz.de/10009580292

High-impact minimum wages and heterogeneous regions

Vom Berge, Philipp; Frings, Hanna; Paloyo, Alfredo R. - 2013

We estimate the effects on wage and employment growth rates of the introduction and subsequent increases of a substantial minimum wage in the main construction industry of Germany. Using a regional dataset constructed from individual employment histories, we exploit the spatial dimension and...

Persistent link: https://www.econbiz.de/10009722416