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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

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

Is euro area money demand (still) stable? : cointegrated VAR versus single equation techniques

Belke, Ansgar; Czudaj, Robert - 2010

In this paper we present an empirically stable euro area money demand model. Using a sample period until 2009:2 shows that the current financial and economic crisis that started in 2007 does not appear to have any noticeable impact on the stability of the euro area money demand function. We also...

Persistent link: https://www.econbiz.de/10003941679

Gold as an inflation hedge in a time-varying coefficient framework

Beckmann, Joscha; Czudaj, Robert - 2012

This study analyzes the question whether gold provides the ability of hedging against inflation from a new perspective. Using data for four major economies, namely the USA, the UK, the Euro Area, and Japan, we allow for nonlinearity and discriminate between long-run and time-varying short-run...

Persistent link: https://www.econbiz.de/10009580064

Is there a homogeneous causality pattern between oil prices and currencies of oil importers and exporters?

Beckmann, Joscha; Czudaj, Robert - 2013

Although the link between oil prices and dollar exchange rates has been frequently analyzed, a clear distinction between prices and nominal exchange rate dynamics and a clarification of the issue of causality has not been provided. In addition, previous studies have mostly neglected...

Persistent link: https://www.econbiz.de/10009771139

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

Effective exchange rates, current accounts and global imbalances

Beckmann, Joscha; Czudaj, Robert - 2016

This study analyzes the dynamics between real effective exchange rates and current accounts from a novel perspective. We start by dissecting long-run and time-varying short-run dynamics as well as causalities between both variables. Following this, we extend our framework by including short-term...

Persistent link: https://www.econbiz.de/10011440876

Does gold act as a hedge or a safe haven for stocks? : a smooth transition approach

Beckmann, Joscha; Berger, Theo; Czudaj, Robert - 2014

This study deals with the issue whether gold actually exhibits the function of a hedge or a safe haven as often referred to in the media and academia. In order to test the Baur and Lucey (2010) hypotheses, we contribute to the existing literature by the augmentation of their model to a smooth...

Persistent link: https://www.econbiz.de/10010399913

Nonstationary-volatility robust panel unit root tests and the great moderation

Hanck, Christoph; Czudaj, Robert - 2013

This paper argues that typical applications of panel unit root tests should take possible nonstationarity in the volatility process of the innovations of the panel time series into account. Nonstationarity volatility arises for instance when there are structural breaks in the innovation...

Persistent link: https://www.econbiz.de/10009779045