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Higher-order income risk over the business cycle

Busch, Christopher; Ludwig, Alexander - 2020

We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...

Persistent link: https://www.econbiz.de/10012216808

Skill wage premia, employment, and cohort effects: are workers in Germany all of the same type?

Fitzenberger, Bernd; Kohn, Karsten - 2006

This paper studies the relationship between employment and wage structures in West Germany based on the IAB employment … evolution of relative employment measures, we estimate elasticities of substitution between employees in three different skill … groups and between those of different age, taking account of the endogeneity of wages and employment. Compared to estimates …

Persistent link: https://www.econbiz.de/10010297815

The long-term earnings' effects of a credit market disruption

Adamopoulou, Effrosyni; De Philippis, Marta; Sette, Enrico - 2023

This paper studies the long-term consequences on firms and workers of the credit crunch triggered by the 2007-2008 global financial crisis. Relying on a unique matched bank-employer-employee administrative dataset, we construct a firm-specific credit supply shock and examine firms' and workers'...

Persistent link: https://www.econbiz.de/10014446339

Skill wage premia, employment, and cohort effects: are workers in Germany all of the same type?

Fitzenberger, Bernd; Kohn, Karsten - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006

Persistent link: https://www.econbiz.de/10005098021

Three Approaches to the Evaluation of Active Labour Market Policy in East Germany Using Regional Data

Hagen, Tobias - 2003

indicates a negative effect of JCS on regional matching efficiency (inflows into regular employment) and no significant effects … regional job seeker rates. A dynamic labour demand estimation indicates that PT has no effects on employment and JCS leads to … displacement of regular employment. …

Persistent link: https://www.econbiz.de/10010297275

A Test of the 'Krugman Hypothesis' for the United States, Britain, and Western Germany

Puhani, Patrick A. - 2003

Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment (with rather stable wage inequality) have led to a popular view in the economics profession that these two phenomena are related to negative relative demand shocks against the...

Persistent link: https://www.econbiz.de/10010297281

Will the (German) NAIRU Please Stand up?

Franz, Wolfgang - 2003

This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical instrument, suitable for economic policy: the...

Persistent link: https://www.econbiz.de/10010297287

Beschäftigung und Lohnstrukturen nach Qualifikationen und Altersgruppen: Eine empirische Analyse auf Basis der IAB-Beschäftigtenstichprobe

Garloff, Alfred; Fitzenberger, Bernd; Kohn, Karsten - 2003

Diese Arbeit untersucht empirisch den Zusammenhang von Beschäftigung und Lohnstrukturen zwischen sowie innerhalb von Qualifikations- und Altersgruppen. Zunächst werden Substitutionselastizitäten zwischen Qualifikations- und Altersgruppen geschätzt und die Lohnveränderungen bestimmt, die...

Persistent link: https://www.econbiz.de/10010297341

Unemployment, Labor Market Transitions, and Residual Wage Dispersion

Fitzenberger, Bernd; Garloff, Alfred - 2005

It is commonplace in the debate on Germany?s labor market problems to argue that high unemployment and low wage dispersion are related. This paper analyses the relationship between unemployment and residual wage dispersion for individuals with comparable attributes. In the conventional...

Persistent link: https://www.econbiz.de/10010297414

Skill Biased Technological Change and Endogenous Benefits: The Dynamics of Unemployment and Wage Inequality

Weiss, Matthias; Garloff, Alfred - 2005

In this paper, we study the effect of skill-biased technological change on unemployment when benefits are linked to the evolution of average income and when this is not the case. In the former case, an increase in the productivity of skilled workers and hence their wage leads to an increase in...

Persistent link: https://www.econbiz.de/10010297491

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