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rates. Improving on previous investigations on the topic, it combines a dynamic panel analysis of the effects of different …
Persistent link: https://www.econbiz.de/10011554086
This paper re-examines Lilien's sectoral shifts hypothesis for U.S. unemployment. We employ a monthly panel that spans … from 1990:01 to 2011:12 for 48 U.S. states. Panel unit root tests that allow for cross-sectional dependence reveal the …-sectional dependence in the panel, we show that sectoral reallocation is significant not only at the aggregate level but also at the state …
Persistent link: https://www.econbiz.de/10013076600
How much did shocks to household credit supply reduce employment in the Great Recession? To answer this question, I provide a general foundation for shift-share credit supply shocks, which shows that they are useful for accounting, but direct estimates may be biased. Combining the shift-share...
Persistent link: https://www.econbiz.de/10012937678
To predict the effects of the 2020 U.S. CARES act on consumption, we extend a model that matches responses of households to past consumption stimulus packages. The extension allows us to account for two novel features of the coronavirus crisis. First, during the lockdown, many types of spending...
Persistent link: https://www.econbiz.de/10012389446
We provide evidence of the stock market wealth effect on consumption by using a local labor market analysis and regional heterogeneity in stock market wealth. An increase in local stock wealth driven by aggregate stock prices increases local employment and payroll in nontradable industries and...
Persistent link: https://www.econbiz.de/10012848885
full set of policy instruments of the CAP, which is estimated on a panel dataset of 69 East German regions. We present …
Persistent link: https://www.econbiz.de/10011609675
Using 21 waves of German high-frequency establishment panel data collected during the COVID-19 crisis, we investigate … descriptive, we conduct panel data analyses. We apply data and methods that allow for the dynamic pattern of STW and WFH during …
Persistent link: https://www.econbiz.de/10013542846
This paper introduces a new argument into the theoretical literature on labor market effects of changes in working hours and labor force participation. We advance a general equilibrium model in which increased labor supply reduces unskilled unemployment via consumer demand: longer work hours and...
Persistent link: https://www.econbiz.de/10014210825
Based on unique administrative data, which has only recently become available, this paper estimates the employment effects of the most important type of public sector sponsored training in Germany, namely the provision of specific professional skills and techniques (SPST). Using the inflows into...
Persistent link: https://www.econbiz.de/10003299995
Am 1. Januar 2015 wurde in Deutschland der allgemeine gesetzliche Mindestlohn eingeführt. Wir identifizieren Beschäftigungseffekte des Mindestlohns durch Variation in der Betroffenheit von Betrieben. Das IAB-Betriebspanel ermöglicht uns dabei, antizipierende Lohnanpassungen und...
Persistent link: https://www.econbiz.de/10011441962