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This paper investigates the relationship between bilateral FDI positions and cross-country business cycle correlations in the period 1982–2001. We find that countries that have comparatively intensive FDI relations also have more synchronized business cycles during 1995–2001. Before 1995, we...
Persistent link: https://www.econbiz.de/10009639461
institutions in the dynamics of job creation and destruction is examined. As expected, employment protection is found to reduce job …
Persistent link: https://www.econbiz.de/10009636541
The paper examines whether the pattern of growth in euro area employment seen in the period 1997-2001 differed from … that recorded in the past and what could be the reasons for that. First, a standard employment equation is estimated for … with a productivity trend and employment “inertia”, can account for most of the employment developments between 1970 and …
Persistent link: https://www.econbiz.de/10009639412
Persistent link: https://www.econbiz.de/10012116923
Does schooling generate social returns in excess of the private returns captured by the individual who makes the human capital investment? As a strategy to detect human capital externalities I use Dutch survey data to estimate the impact of the average human capital stock in a region on...
Persistent link: https://www.econbiz.de/10009640175
Analyzing data from the Structure of Earnings Surveys we find that wage dispersion in Austria increased marginally …
Persistent link: https://www.econbiz.de/10009640271
This paper analyses the relationship between openness to trade and wages at the industry level (15 manufacturing industries) in 25 EU countries over the period from 1995 to 2005. By applying a cross-country and industry-specific approach, it is possible to control for unobserved heterogeneity at...
Persistent link: https://www.econbiz.de/10009640296
Using the Albrecht et al. (2003) version of the Machado and Mata (2005) decomposition technique along the wage distribution, we find that immigrant workers do not affect changes in the Czech wage structure between 2002 and 2006 despite their substantial inflows. Instead, changes in the wage...
Persistent link: https://www.econbiz.de/10009640298
European firm to adverse shocks by reducing permanent and temporary employment. On the basis of a firm-level analysis, this … employment reaction of Belgian firms. On the contrary, employment is safeguarded by the presence of many small firms and a wage …
Persistent link: https://www.econbiz.de/10009640316
This paper presents estimates based on individual data of downward nominal and real wage rigidities for thirteen sectors in Belgium, Denmark, Spain and Portugal. Our methodology follows the approach recently developed for the International Wage Flexibility Project, whereby resistance to nominal...
Persistent link: https://www.econbiz.de/10009640327