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productivity technology embodied in new plants. As existing low productivity plants decrease production, the capital share varies … due to the non-convex production technology: plants require a minimum amount of labor to produce output. Two policies …
Persistent link: https://www.econbiz.de/10011938863
This paper investigates the deindustrialization process in Germany and Spain from 1995 to 2018. It is argued that the … deindustrialization trajectories of each country are partially related to their growth models. An analysis in two steps is conducted … the manufacturing value-added share is decomposed into five deindustrialization drivers: income, investment, relative …
Persistent link: https://www.econbiz.de/10014481170
The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is largely neglected. Job-creation is often thought to be a matter of encouraging more employment on a given capital stock. In contrast, this paper explicitly deals with the long-run...
Persistent link: https://www.econbiz.de/10010495336
Among all European countries, Germany absorbs by far the largest number of immigrants. But to date, the German government has yet to adopt a system that will effectively control the influx of foreigners. The immigration of Ethnic Germans from Eastern Europe, which is due to historical events and...
Persistent link: https://www.econbiz.de/10011295410
This study analyzes gender differences in the intergenerational earnings mobility of second-generation migrants in Germany. Thereby it takes into account the influence of assortative mating and the parental integration. First, intergenerational earnings elasticities are estimated at the mean and...
Persistent link: https://www.econbiz.de/10011638397
Many people in the European Union fear that Eastern Enlargement leads to major job losses. More recently, these fears about job losses have extended to high skill labor and IT jobs. The paper examines with unique firm level data whether these fears are justified for the two neighboring countries...
Persistent link: https://www.econbiz.de/10003952106
In many economic models a central variable of interest is lifetime or permanent income which is not observed in survey data sets and typically proxied by annual income information. To assess the quality of such approximations, we use a unique source of lifetime earnings - the German pension...
Persistent link: https://www.econbiz.de/10003824741
The numbers of migrants from the accessions countries have clearly increased since the enlargement of the EU in 2004. Following enlargement, the net inflow of EU8 immigrants has become 2.5 times larger than the four-year period before enlargement. Poles constitute the largest immigrant group...
Persistent link: https://www.econbiz.de/10003824777
This paper examines how immigrants' migration duration and saving decisions in the host country respond to the purchasing power parity (ppp) and the wage ratio between the host and source countries. It is shown that in theory immigrants may stay longer in the host country as a result of an...
Persistent link: https://www.econbiz.de/10008669966
Migration is often viewed as an investment decision. Temporary migrants can be expected to invest less in accumulating human capital specific to the host country. Instead, they work more hours in order to accumulate savings and invest in financial capital that can be transferred back to their...
Persistent link: https://www.econbiz.de/10003938982