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investment. Idiosyncratic shock shifts the skilled labor share and changes tightness in both skilled and unskilled markets. Given … labor markets. Upon a neutral shock, total unemployment decrease is two-staged: firstly with a reduction in unskilled …-specific unemployment ; human capital investment ; idiosyncratic shock ; skill substitution ; search and matching …
Persistent link: https://www.econbiz.de/10008906031
This paper discusses the paper "The Source of Historical Economic Fluctuations: An Analysis using Long-Run Restrictions" by Neville Francis and Valerie A. Ramey. It argues that these authors have made great progress both in the precise measurement of labor input as well as determining the effect...
Persistent link: https://www.econbiz.de/10003324494
Using an administrative data set containing daily information on individual workers' employment histories, we investigate how workers' labour market transitions are affected by international outsourcing. In order to do so, we estimate hazard rate models for match separations, as well as for...
Persistent link: https://www.econbiz.de/10003641609
This paper investigates the short- and medium-term effects of the deregulation of shopopening hours legislation on … a gradual deregulation of shop opening restrictions in most of Germany's sixteen federal states. The paper exploits … regional variation in the legislation in order to identify the effect product market deregulation has on retail employment. We …
Persistent link: https://www.econbiz.de/10010238361
force participation is also consistent with a positive labor supply shock at a given working-age population. We also show …
Persistent link: https://www.econbiz.de/10011437993
We decompose by origin the sources of the variation in real aggregate output and aggregate price level in the Czech Republic, Hungary and Poland. We find that a sizable fraction of the variation is attributable to external shocks, especially so for aggregate price level. We show that euroarea...
Persistent link: https://www.econbiz.de/10003324162
Using structural VARs, I find that external shocks are an important source of macroeconomic fluctuations in emerging markets. Furthermore, U.S. monetary policy shocks affect quickly and strongly interest rates and the exchange rate in a typical emerging market. The price level and real output in...
Persistent link: https://www.econbiz.de/10003324420
This paper embarks to analyse the role of exports and investment supposed to be major sources of economic growth in Asia Pacific. Therefore at first, the cointegration properties of exports, capital formation and GDP are examined in vector error correction models (VECMs). The results confirm the...
Persistent link: https://www.econbiz.de/10003375991
To evaluate how occurring critical incidents change customer perceptions of brand personality, this study measures the impact on the basis of an online experiment. For this purpose, 1,132 usable responses are gathered considering the smartphone brands of Apple and Nokia as well as different...
Persistent link: https://www.econbiz.de/10009634305
In this paper, we provide a comprehensive overview of labour market dynamics in Western Ger- many by looking at gross worker flows. To do so, we use a subsample of the registry data collected by the German social security system, the IAB employment sample, for the time period 1975-2001. The...
Persistent link: https://www.econbiz.de/10003323028