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We analyze the relationship between unemployment rate changes and government bond yields during and after the most … unemployment rate changes. The impact of an idiosyncratic rise in unemployment on bond yields turns out to be positive for European …, bond yields do not have an impact on unemployment. Our findings have interesting implications for the way shocks are …
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Derivative financial instruments play a major role in financial markets. However, there are rather contradictory views …
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explain the increase in the unemployment rates of unskilled and elder workers in western Germany. To answer this question we …
Persistent link: https://www.econbiz.de/10010261909
This paper investigates whether and in what sense the west German wage structure has been ?rigid? in the 1990s. To test the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a methodology which makes less restrictive identifying...
Persistent link: https://www.econbiz.de/10010262540
Many of the recent attempts to find evidence of downward nominal wage rigidity in micro data have suffered from a number of problems, including composition bias and the effects of measurement error. In order to avoid these problems we explicitly model the determinants of wage changes and the...
Persistent link: https://www.econbiz.de/10010262566
The focus of this paper is on the choice of the unemployed between becoming an entrepreneur or not. It contributes to the literature by empirically investigating two hitherto neglected issues: What is the impact of risk aversion and personal contact with a role model in shaping the decision to...
Persistent link: https://www.econbiz.de/10010262783
The so-called Hartz reform has introduced fundamental changes for publicly sponsored training in Germany. This concerns …
Persistent link: https://www.econbiz.de/10010267757