Summary Building on a Heckscher-Ohlin-Samuelson framework with factor price rigidities, this paper provides an empirical analysis of the relationship between trade, technical progress, and the labor market in West Germany for the period from 1970 until 1990. The analysis builds on relative...

Summary A reliable leading indicator should possess the following properties: (1) The movements in the indicator series should resemble those in the business cycle reference series. (2) The relation between the reference series and the indicator should be statistically significant and stable...

Abstract Seit Mitte der neunziger Jahre ist die Niedriglohnbeschäftigung in Deutschland stark gestiegen. Im europäischen Vergleich hat Deutschland mittlerweile einen der höchsten Werte unter den kontinentaleuropäischen Ländern. Gleichzeitig ist die Aufstiegsmobilität aus dem...

Zusammenfassung Die Existenz und die Entwicklung betriebsinterner Arbeitsmärkte ist von nicht zu unterschätzender Bedeutung für die Lohn- und Qualifikationsstruktur in einer Wirtschaft. Der vorliegende Beitrag betrachtet drei Aspekte betriebsinterner Arbeitsmärkte: Erstens ist - einhergehend...

Abstract This paper studies the business cycle dynamics of income and wealth distributions in the context of the neoclassical growth model where agents are heterogeneous in initial wealth and non-acquired skills. Our economy admits a representative consumer which enables us to characterize...

Abstract The relative demand for skills has increased considerably in many OECD countries during recent decades. This development is potentially explained by capital-skill complementarity and high growth rates of capital equipment. When production functions are characterized by capital-skill...

Summary This paper applies multivariate linear discriminant analysis to classify West German business cycles from 1955 to 1994 into a four phase scheme (upswing, downswing, and upper/lower turning point phases). It describes the scheme as well as the selection of the classifying variables, and...

Summary Using a binary reference series based on the dating procedure of Artis, Kontolemis and Osborn (1997) different procedures for predicting turning points of the German business cycles were tested. Specifically, a probit model as proposed by Estrella and Mishkin (1997) as well as...

Summary This paper examines changes of the (West) German business cycle from 1958 to 2004. It starts with a multivariate linear discriminant analysis (LDA) based decomposition of the cycle into 4 phases (upswing, upper turning point, downswing, lower turning point). After examining...