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microdata level. We show the performance and relevance of our extension by introducing a pure labor supply side reform, the … workfare concept, in Germany and simulating the labor market outcome of the reform. We find that demand effects offset about 25 … percent of the positive labor supply effect of the policy reform. -- labor supply ; labor demand ; policy reform ; workfare …
Persistent link: https://www.econbiz.de/10009312937
microdata level. We show the performance and relevance of our extension by introducing a pure labor supply side reform, the … workfare concept, in Germany and simulating the labor market outcome of the reform. We find that demand effects offset about 25 … percent of the positive labor supply effect of the policy reform …
Persistent link: https://www.econbiz.de/10013135390
It is widely believed that globalization increases the volatility of employment and decreases the bargaining power of workers. One mechanism explaining this relationship is given by the long-standing Hicks-Marshall laws of derived demand: with international trade increasing competition and...
Persistent link: https://www.econbiz.de/10009771744
Germany plays a pioneering role in replacing conventional power plants with renewable energy sources. While this is beneficial with respect to environmental quality, the energy turnaround implies increasing electricity prices for private households and firms. The extent to which this is...
Persistent link: https://www.econbiz.de/10010227783
It is widely believed that globalization affects the extent of employment and wage responses to economic shocks. To provide evidence for this, we analyze the effect of firms' exporting behavior on the elasticity of labor demand. Using rich, German administrative linked employer-employee panel...
Persistent link: https://www.econbiz.de/10010238353
It is widely believed that globalization affects the extent of employment and wage responses to economic shocks. To provide evidence for this, we analyze the effect of firms' exporting behavior on the elasticity of labor demand. Using rich, German administrative linked employer-employee panel...
Persistent link: https://www.econbiz.de/10010250050
Following the report of the Stiglitz Commission, measuring and comparing well-being across countries has gained renewed interest. Yet, analyses that go beyond income and incorporate non-market dimensions of welfare most often rely on the assumption of identical preferences to avoid the...
Persistent link: https://www.econbiz.de/10009426404
There is still considerable dispute about the magnitude of labor supply elasticities. While differences in micro and macro estimates are recently attributed to frictions and adjustment costs, we show that relatively low labor supply elasticities derived from microeconometric models can also be...
Persistent link: https://www.econbiz.de/10010379275
There is still considerable dispute about the magnitude of labor supply elasticities. While differences in micro and macro estimates are recently attributed to frictions and adjustment costs, we show that relatively low labor supply elasticities derived from microeconometric models can also be...
Persistent link: https://www.econbiz.de/10010380515
Although discrete hours choice models have become the workhorse in labor supply analyses. Yet, they are often criticized for being a black box due to their numerous underlying modeling assumptions, with respect to, e.g., the functional form, unobserved error components or several exogeneity...
Persistent link: https://www.econbiz.de/10010340999