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Does labor force participation rates of youth vary within the business cycle? : evidence from Germany and Poland
Dunsch, Sophie - 2016
Unemployment rates, especially among youth, have increased in various countries of Europe over the last years. As labor force participation rate is one key influence on unemployment, I estimate country specific coefficients for the responsiveness of the labor force participation rates to the...
Persistent link: https://www.econbiz.de/10011528912
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Downward real wage rigidity and equal treatment wage contracts : evidence from Germany ; conference paper
Snell, Andy; Stüber, Heiko - 2014
Theoretical models of downward real wage rigidity generate asymmetric wage cyclicality with real wages being rigid in "bad" times but upwardly flexible during "good". In this paper we use an administrative panel dataset from Germany to establish that such asymmetries are very salient in Germany....
Persistent link: https://www.econbiz.de/10010490623
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Time Discounting and Economic Decision-Making Among the Elderly
Huffman, David - 2020
This research project evaluates the extent of heterogeneity in time discounting among elderly Americans, as well as its role in explaining older peoples' key behaviors. We first show how older Americans evaluate simple (hypothetical) intertemporal choices in which payments now are compared with...
Persistent link: https://www.econbiz.de/10012854861
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Ambiguous business cycles, recessions and uncertainty : a quantitative analysis
Piccillo, Giulia; Poonpakdee, Poramapa - 2023
This paper investigates the effects of uncertainty on the macro economy by replicating its micro effects on individual … the two scenarios through the empirical macroeconomic uncertainty index. The higher the macroeconomic uncertainty is, the … appropriate level of ambiguity aversion outperforms the benchmark model with no uncertainty in fitting the US output growth rate …
Persistent link: https://www.econbiz.de/10014364652
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The Japanese economy in crises: A time series segmentation study
Cheong, Siew Ann; Fornia, Robert Paulo; Lee, Gladys Hui Ting - 2011
We performed a comprehensive time series segmentation study on the 36 Nikkei Japanese industry indices from 1 January 1996 to 11 June 2010. From the temporal distributions of the clustered segments, we found that the Japanese economy never fully recovered from the extended 1997-2003 crisis, and...
Persistent link: https://www.econbiz.de/10010305849
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The Japanese economy in crises : a time series segmentation study
Cheong, Siew Ann; Fornia, Robert Paulo; Lee, Gladys Hui Ting - 2012
The authors performed a comprehensive time series segmentation study on the 36 Nikkei Japanese industry indices from 1 January 1996 to 11 June 2010. From the temporal distributions of the clustered segments, we found that the Japanese economy never fully recovered from the extended 1997-2003...
Persistent link: https://www.econbiz.de/10009515953
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The Japanese economy in crises : a time series segmentation study
Cheong, Siew Ann; Fornia, Robert Paulo; Lee, Gladys Hui Ting - 2011
We performed a comprehensive time series segmentation study on the 36 Nikkei Japanese industry indices from 1 January 1996 to 11 June 2010. From the temporal distributions of the clustered segments, we found that the Japanese economy never fully recovered from the extended 1997-2003 crisis, and...
Persistent link: https://www.econbiz.de/10009231301
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Business Cycle during Structural Change : Arthur Lewis' Theory from a Neoclassical Perspective
Storesletten, Kjetil - 2019
We document that the nature of business cycles evolves over the process of development and structural change. In countries with large declining agricultural sectors, aggregate employment is uncorrelated with GDP.During booms, employment in agriculture declines while labor productivity increases...
Persistent link: https://www.econbiz.de/10012863612
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Is Indonesia's growth rate balance-of-payments-constrained? : a time-varying estimation approach
Felipe, Jesus; Lanzafame, Matteo; Estrada, Gemma - In: Thirlwall's law at 40, (pp. 111-127). 2021
Persistent link: https://www.econbiz.de/10013369345
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Can the Philippines attain 6.5-8 percent growth during 2023-28? : an assessment based on the estimation of the balance-of-payments-constrained growth rate
Felipe, Jesus; Albis, Manuel Leonard - 2024
We expand the standard balance-of-payments-constrained (BOPC) growth rate model in three directions. First, we take into account the separate contributions of exports in goods, exports in services, overseas remittances, and foreign direct investment (FDI) inflows. Second, we use state-space...
Persistent link: https://www.econbiz.de/10014480233