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Are Bunds special? This paper estimates the 'Bund premium' as the difference in convenience yields between other sovereign safe assets and German government bonds adjusted for sovereign credit risk, liquidity and swap market frictions. A higher premium suggests less substitutability of sovereign...
Persistent link: https://www.econbiz.de/10012858387
Over the last decade, German multinationals created about two million jobs abroad with increasing foreign direct investment (FDI). While there are many reasons for firms to go multinational and probably just as many for Germany's high unemployment, this paper aims to investigate the relationship...
Persistent link: https://www.econbiz.de/10010296822
In theoretical trade models with variable markups and collective wage bargaining, export exposure may reduce the …
Persistent link: https://www.econbiz.de/10010323825
Our paper investigates the link between outsourcing and wages utilising a large household panel and combining it with industry level information on industries? outsourcing activities from input-output tables. By doing so we can arguably overcome the potential endogeneity bias as well as other...
Persistent link: https://www.econbiz.de/10010277444
In theoretical trade models with variable markups and collective wage bargaining, exportexposure may reduce the …
Persistent link: https://www.econbiz.de/10010312121
Aufgrund der Tatsache, dass die Arbeitslosenquote Hochqualifizierter in Deutschland in den vergangenen 30 Jahren durchschnittlich 3% betrug, beschäftigt sich dieser Beitrag mit Theorien, die die Heterogenität von Arbeit berücksichtigen. Im Ergebnis kann eine Reduktion der Arbeitskosten die...
Persistent link: https://www.econbiz.de/10010319344
I investigated whether migration is interrelated with trade, aid and remittances so that any policies that consider … trade, aid and remittances also affect the decision to migrate. We developed and estimated an empirical model of Turkish … and Turkey, the unemployment rates in Germany and Turkey, aid, the trade intensity variable and the ratio of manufacturing …
Persistent link: https://www.econbiz.de/10010285808
international trade increasing competition and therefore the price elasticity of product demand, exporters are predicted to have …
Persistent link: https://www.econbiz.de/10009771744
The EU and the US have started negotiations on a Transatlantic Trade and Investment Partnership Agreement (TTIP) which …
Persistent link: https://www.econbiz.de/10010354546
It is widely believed that globalization affects the extent of employment and wage responses to economic shocks. To provide evidence for this, we analyze the effect of firms' exporting behavior on the elasticity of labor demand. Using rich, German administrative linked employer-employee panel...
Persistent link: https://www.econbiz.de/10010238353