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Dispersion over the business cycle: Passthrough, productivity, and demand?

Carlsson, Mikael; Clymo, Alex; Joslin, Knut-Eric - 2023

We characterize the dispersion of firm-level productivity and demand shocks over the business cycle using Swedish microdata including prices and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than productivity dispersion in recessions....

Persistent link: https://www.econbiz.de/10014540949

Employer-sponsored training in stabilisation and growth policy perspectives

Håkanson, Christina; Johanson, Satu; Mellander, Erik - 2003

In Europe, accounting standards prevent larger expenditures on employer-sponsored training from being treated as investments. Using Sweden as example, we discuss two consequences for training. <p> First, the timing: training will be conducted when income is large enough for training costs to be...</p>

Persistent link: https://www.econbiz.de/10010321021

Sellers' inflation, profits and conflict: Why can large firms hike prices in an emergency?

Weber, Isabella; Wasner, Evan - 2023

The dominant view of inflation holds that it is macroeconomic in origin and must always be tackled with macroeconomic tightening. In contrast, we argue that the US COVID-19 inflation is predominantly a sellers' inflation that derives from microeconomic origins, namely the ability of firms with...

Persistent link: https://www.econbiz.de/10014480428

Intangible capital, markups and profits

Sandström, Maria - 2020

Can an increasing importance of intangible capital explain increases in markups and profits? I use a heterogeneous firm … model to show how intangible capital, characterized by fixed costs and uncertainty, is related to markups and profits at the … intangible capital investment can charge high markups relative to other firms whereas firms that fail will exit. However, these …

Persistent link: https://www.econbiz.de/10012806707

Wage Bargaining, Privatisation, Ability to Pay, andOutside Options – Evidence from Hungary

Köllő, Janos; Mickiewicz, Tomasz - Centre for the Study of Economic and Social Change in … - 2004

This paper examines the determinants of short-term wage dynamics, using asample of large Hungarian companies for the period of 1996-1999. We test thebasic implications of an efficient contract model of bargaining between theincumbent employees and the managers, which we are unable to reject....

Persistent link: https://www.econbiz.de/10005868175

Job Creation and Job Destruction in a Regulated Labor Market: The Case of Austria

Stahl, Florian; Stiglbauer, Alfred; Winter-Ebmer, Rudolf; … - 2002

We study Austrian job reallocation in the period of 1978 to 1998, using a large administrative dataset where we correct for "spurious" entries and exits of firms. We find that on average 9 out of 100 randomly selected jobs were created within the last year, and that about 9 out of randomly...

Persistent link: https://www.econbiz.de/10013369995

Managerial Behavior and Cost/Profit Efficiency in the Banking Sectors of Central and Eastern European Countries

Rossi, Stefania P.S.; Schwaiger, Markus; Winkler, Gerhard - 2005

This paper analyzes cost and profit efficiency level and the managerial behavior of banks in nine Central and Eastern European countries (the Czech Republic, Estonia, Hungary, Latvia, Lithuania Poland, Romania, Slovakia and Slovenia), providing cross-country and time series evidence on the...

Persistent link: https://www.econbiz.de/10013370013

How Frequently Do Consumer Prices Change in Austria? Evidence from Micro CPI Data

Baumgartner, Josef; Glatzer, Ernst; Rumler, Fabio; … - 2005

In this paper a data set with price records collected for the computation of the Austrian CPI is used to estimate the average frequency of price changes and the duration of price spells to provide empirical evidence on the degree and characteristics of price rigidity in Austria. Depending on the...

Persistent link: https://www.econbiz.de/10013370018

Imposing choice on the uninformed: The case of dynamic currency conversion

Ewerhart, Christian; Li, Sheng - 2023

technology known as dynamic currency conversion (DCC), seems to foster competition, we argue that the opposite is the case. In …

Persistent link: https://www.econbiz.de/10013531821

Informal incentives and labor markets

Fahn, Matthias; Murooka, Takeshi - 2022

This paper theoretically investigates how labor-market tightness affects market outcomes if firms use informal and self-enforcing agreements to motivate workers. We characterize profit-maximizing equilibria and derive the following results. First, an increase in the supply of homogenous workers...

Persistent link: https://www.econbiz.de/10014278184