We adapt the models of Menzio and Moen (2010) and Snell and Thomas (2010) to consider a labour market in which firms can commit to wage contracts but cannot commit not to replace incumbent workers. Workers are risk averse, so that there exists an incentive for firms to smooth wages. Real wages...

Befristung als Form der Arbeitsmarktflexibilisierung - Arbeitsmarkttheoretische Überlegungen zur befristeten Beschäftigung - Befristete Beschäftigung und der Einfluss institutioneller Rahmenbedingungen - Hypothesen - Daten, Variablen und Methoden - Verbreitungsgrad und Charakteristika...

We provide a framework for the estimation of the impact of fertility timing on female long-term labor supply, measured as labor market work duration. We show that the genuine treatment is waiting time to birth rather than birth per se. In the application we control for the joint decision of...

This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run relationships, interpreted as a labor demand and a wage...