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In the time domain, the observed cyclical behavior of the real wage hides a range of economic influences that give rise to cycles of differing lengths and strengths. This may serve to produce a distorted picture of wage cyclicality. Here, we deploy frequency domain methods that allow us to asses...
Persistent link: https://www.econbiz.de/10009465957
This paper investigates the response of hours worked and real wages to fiscal policy shocks in the U.S. during the post World War II era. We identify these shocks with exogenous changes in military purchases and argue that they lead to a persistent increase in government purchases and tax rates...
Persistent link: https://www.econbiz.de/10009475552
Full-text of this article is not available in this e-prints service. This article was originally published [following peer-review] in Review of Political Economy, published by and copyright Routledge.
Persistent link: https://www.econbiz.de/10009454988
In makroökonomischen Theorien findet häufig eine separate Betrachtung von Wachstums- und Konjunkturphänomenen statt. Untersuchungen des Konjunkturverlaufs richten den Blick zumeist auf kurzfristige Anpassungsprozesse, wohingegen sich wachstumstheoretische Fragestellungen auf die langfristige...
Persistent link: https://www.econbiz.de/10009451189
The purpose of this thesis is twofold: First, it aims at detecting empirical regularities of the business cycle in Denmark, Germany and the U.S. Second, it tries to give a theoretical explanation for these stylized facts. The thesis is fully in line with the modern analysis of business cycles in...
Persistent link: https://www.econbiz.de/10009459126
This dissertation consists of two essays studying macroeconomics questions about labor markets. The research in this document is separated into chapters that study distinct features of aggregate labor market outcomes.The first essay documents the change in behavior of fertility rate at business...
Persistent link: https://www.econbiz.de/10009438698
This paper uses an unbalanced panel data set for exporting firms from manufacturing industries in one German federal state, Lower Saxony, to investigate the micro-structure of the recent export boom. Looking at data for 1995/96 to 2001/02 it is demonstrated that a considerable number of plants...
Persistent link: https://www.econbiz.de/10009442405
This paper investigates the relative cyclical behavior of the pay of piece workers and hourly paid workers. It uses a unique data set of blue-collar workers in British engineering between 1926 and 1966. The statistics are obtained from the payrolls of firms belonging to the Engineering Employers...
Persistent link: https://www.econbiz.de/10009466007
Diese Arbeit besteht aus theoretischen und empirischen Beiträgen zur Such- und Matchingliteratur, mit Schwerpunkt auf dem deutschen Arbeitsmarkt. Das erste Kapitel beschreibt das Such- und Matchingmodell des Arbeitsmarktes sowie sein empirisches Gegenstück, den Flussansatz. Das zweite Kapitel...
Persistent link: https://www.econbiz.de/10009467002