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. Even at the intensive margin, we find that the elasticity for women exceeds that for men. For men and women in the … Netherlands, we predict an uncompensated labour supply elasticity of 0.1 and 0.5, respectively. These values are robust for …
Persistent link: https://www.econbiz.de/10010275861
This paper investigates the credit channel in Germany and the United Kingdom. The financial systems of these two … competition among credit intermediaries, resulting in a declining dependence on banks in Germany. …
Persistent link: https://www.econbiz.de/10010301764
-of-moments estimators, affiliate wage levels are estimated to respond to both affiliate and parent profitability. The elasticity of … affiliate wages to parent profits per worker is approximately 0.03, which can explain over 20 percent of the observed variation … in affiliate wages. These results reveal a previously ignored aspect of labor-market rent sharing. They also reveal an …
Persistent link: https://www.econbiz.de/10010262687
We apply the accelerator principle to measure the functional efficiency of capital markets. We estimate the elasticity …
Persistent link: https://www.econbiz.de/10010263887
This paper proposes a new framework for studying the effects of monetary policy on business investment. Important ambiguities with the modeling of investment dynamics and interactions between real and financial decisions suggest modeling investment spending as a VAR. Based on a panel of...
Persistent link: https://www.econbiz.de/10010295752
Surges and reversals of short-term foreign liabilities are often held responsible for instabilities in international financial markets. Yet, empirical evidence on the factors determining the maturity of capital flows is scant. This paper analyzes the determinants of foreign assets of German...
Persistent link: https://www.econbiz.de/10010260632
productivity, wages and exports spillovers in developing, developed and transitional economies. Although theory can identify a …
Persistent link: https://www.econbiz.de/10010265405
countries, the wage curve in the United States has a long-run elasticity of approximately -0.1. In line with the paper …'s theoretical framework: (i) wages are higher in states with more generous unemployment benefits, (ii) the perceived probability of …
Persistent link: https://www.econbiz.de/10010267487
By using a model of trade union behaviour Grüner (2010) argues that the introduction of the European Monetary Union (EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary centralization lets the central bank react less flexibly to...
Persistent link: https://www.econbiz.de/10010274904
In this paper, we develop an allocation model of workers differentiated by their field of study to test whether international differences in the wage structure can be explained by differences in labor demand and supply in each country. The model explicitly takes into account the effects of...
Persistent link: https://www.econbiz.de/10010261618