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We survey samples of German firms and households to document novel stylized facts about the extent of information frictions among the two groups. First, firms' expectations about macroeconomic variables are closer to expert forecasts and less dispersed than households', consistent with higher...
Persistent link: https://www.econbiz.de/10012818403
We leverage survey data from Germany, Italy, and the US to document several novel stylized facts about the extent of …
Persistent link: https://www.econbiz.de/10012491615
We survey samples of German firms and households to document novel stylized facts about the extent of information frictions among the two groups. First, firms' expectations about macroeconomic variables are closer to expert forecasts and less dispersed than households', consistent with higher...
Persistent link: https://www.econbiz.de/10012886985
We use surveys of German households and firms to study the extent of information frictions among different groups of economic agents. Firms' expectations about the central bank policy rate, inflation, and aggregate unemployment are more aligned with expert forecasts and less dispersed than...
Persistent link: https://www.econbiz.de/10013335954
illustrate our approach by comparing Germany and the US based on harmonized micro data. We find significant, sizeable and robust …
Persistent link: https://www.econbiz.de/10009535094
integration. however, little is known about the development of equality of opportunity (EOp) in East and West Germany after 1990 … in East and West Germany. Our results suggest that equal opportunities in Germany have grown since reunification …. Interestingly, EOp is larger in East than in West Germany. …
Persistent link: https://www.econbiz.de/10011391647
exporting on firms' labor demand. Using rich, administrative linked employer-employee panel data from Germany, we explicitly …
Persistent link: https://www.econbiz.de/10009771744
Germany plays a pioneering role in replacing conventional power plants with renewable energy sources. While 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
increases labor supply elasticities by up to 100 percent. As a consequence, we propose a new estimation strategy which overcomes …
Persistent link: https://www.econbiz.de/10010340999