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Distortions in Cross-Sectional Convergence Analysis When the Aggregate Business Cycle is Incomplete

Magrini, Stefano - 2012

One of the most important drawbacks of the existing literature on convergence is that it largely ignores the effect of aggregate fluctuations on the evolution of income disparities. To the extent that regional income disparities follow a distinct cyclical pattern in the short-run, moving either...

Persistent link: https://www.econbiz.de/10013114538

Three Essays on Consumption & Geography

Lecznar, Jonathon - 2018

This document contains the first two chapters from my dissertation, titled Three Essays on Consumption and Geography, which use data provided by the Kilts Center for Marketing Data Center. Together they highlight the importance of accounting for geographic differences in new product entry to...

Persistent link: https://www.econbiz.de/10012921777

Firm heterogeneity and regional business cycles differentials

Basile, Roberto; De Nardis, Sergio; Pappalardo, Carmine - 2012

This study represents a first attempt to empirically analyze the role of firm heterogeneity in regional business cycle behaviour. Working with monthly Italy's firms data and estimating a random effects ordered probit model, we first document sizable asymmetries in Northern and Southern firms...

Persistent link: https://www.econbiz.de/10011522570

Inter-regional wage dispersion in Portugal

Vieira, José António Cabral (contributor); … - 2005

This paper examines the size o inter-regional wage dispersion in Portugal. For this purpose, we estimate a Mincer-type human capital wage equation, including controls for a large number of regions, and calculate a weighted and adjusted standard deviation (WASD) of inter-regional wage...

Persistent link: https://www.econbiz.de/10003121046

Inter-Regional Wage Dispersion in Portugal

Cabral Vieira, José António; Couto, João P.; Borges … - 2021

This paper examines the size of inter-regional wage dispersion in Portugal. For this purpose, we estimate a Mincer-type human capital wage equation, including controls for a large number of regions, and calculate a weighted and adjusted standard deviation (WASD) of inter-regional wage...

Persistent link: https://www.econbiz.de/10013318392

Identifying the role of labor markets for monetary policy in an estimated DSGE model

Christoffel, Kai Philipp; Küster, Keith; Linzert, Tobias - 2006

-euro heterogeneity in wage bargaining we take this as the first-best approximation at hand for modelling monetary policy in the presence …

Persistent link: https://www.econbiz.de/10010295805

Identifying the role of labor markets for monetary policy in an estimated DSGE model

Christoffel, Kai; Kuester, Keith; Linzert, Tobias - 2006

-euro heterogeneity in wage bargaining we take this as the first-best approximation at hand for modelling monetary policy in the presence …

Persistent link: https://www.econbiz.de/10011604681

The role of labor markets for euro area monetary policy

Christoffel, Kai; Kuester, Keith; Linzert, Tobias - 2009

posting process, shocks to the separation rate and variations in bargaining power are important determinants of business cycle … fluctuations. Our results point primarily towards disturbances in the bargaining process as a significant contributor to inflation …

Persistent link: https://www.econbiz.de/10011605081

The role of labor markets for euro area monetary policy

Christoffel, Kai; Kuester, Keith; Linzert, Tobias - 2009

Persistent link: https://www.econbiz.de/10010265230

Wage cyclicality under different regimes of industrial relations

Gartner, Hermann; Schank, Thorsten; Schnabel, Claus - 2010

Germany, we find that works councils affect wage growth only in combination with collective bargaining. Wage adjustments to … positive and negative economic shocks are not always symmetric. Only under sectoral bargaining there is a (nearly symmetric …) reaction to rising and falling unemployment. In contrast, wage growth in establishments without collective bargaining adjusts …

Persistent link: https://www.econbiz.de/10008664995

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