-skilled labor increases. This suppresses wages of low-skilled workers and/or increases their unemployment rates. On the other hand … for the years 1970 - 2004, we document how the volatility of hours worked and of wages of workers at different skill …

We report results on the ex ante predictability of monthly excess stock returns in Germany using real-time and revised …

used a new dataset on monthly real-time macroeconomic variables for Germany. The dataset covers the period 1994-2005. We …