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Expansionary and contractionary technology improvements : conference paper
Balleer, Almut; Enders, Zeno - 2013 - Preliminary and incomplete
This paper examines the effects of expansionary technology shocks (shocks that increase labor productivity and factor inputs) as opposed to contractionary technology shocks (shocks that increase labor productivity, but decrease factor inputs). We estimate these two shocks jointly based on a...
Persistent link: https://www.econbiz.de/10010336790
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Does short-time work save jobs? : a business cycle analysis ; conference paper
Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013
This paper analyzes the effects of short-time work (i.e., government subsidized working time reductions) on unemployment and output fluctuations. The central question is whether short-time work saves jobs in recessions. In our baseline scenario the rule based component of short-time work (i.e.,...
Persistent link: https://www.econbiz.de/10010344643
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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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Aging, the great moderation and business-cycle volatility in a life-cycle model : conference paper
Heer, Burkhard; Rohrbacher, Stefan; Scharrer, Christian - 2014
According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to … the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model … that replicates the empirically observed pattern and study the impact of demographic transition on output volatility. We …
Persistent link: https://www.econbiz.de/10010489277
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Conditional patterns of unemployment dynamics in Germany : conference paper
Nordmeier, Daniela; Weber, Enzo - 2013
This paper studies the conditional patterns of unemployment dynamics in Germany. We employ a structural VAR model and identify a technology shock and two policy shocks by using standard restrictions. Interestingly, the worker reallocation process varies substantially with the identified shocks....
Persistent link: https://www.econbiz.de/10010336262
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The aggregate effects of the Hartz reforms in Germany : conference paper
Hertweck, Matthias Sebastian; Sigrist, Oliver - 2013
This paper quantifies the impact of the Hartz reforms on matching efficiency, using monthly SOEP gross worker flows (1983-2009). We show that, until the early 2000s, close to 60% of changes in the unemployment rate are due to changes in the inflow rate (job separation). On the contrary, since...
Persistent link: https://www.econbiz.de/10010339386
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Decomposing Beveridge curve dynamics by correlated unobserved components : the impact of labour market reforms in Germany ; conference paper
Klinger, Sabine; Weber, Enzo - 2014
and separation rate as well as unemployment and vacancies. Cointegration and identification are addressed. We find that …
Persistent link: https://www.econbiz.de/10010487258
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Wage posting or wage bargaining? : evidence from the employers' side ; conference paper
Brenzel, Hanna; Gartner, Hermann; Schnabel, Claus - 2013
Using a representative establishment dataset, this paper analyzes the incidence of wage posting and wage bargaining in the matching process. We show that both modes of wage determination coexist in the German labor market, with about two-thirds of hirings being characterized by wage posting....
Persistent link: https://www.econbiz.de/10010339948
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News about aggregate demand and the business cycle : conference paper
Guo, Jang-ting; Sirbu, Anca-Ioana; Weder, Mark - 2014
We show that an otherwise standard one-sector real business cycle model with variable capital utilization and mild increasing returns-to-scale is able to generate qualitatively as well as quantitatively realistic aggregate fluctuations driven by news shocks to two formulations of future...
Persistent link: https://www.econbiz.de/10010480670
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The macroeconomic effects of monetary policy : a new measure for the United Kingdom ; conference paper
Cloyne, James; Hürtgen, Patrick - 2014
This paper estimates the effects of monetary policy on the UK economy based on a new, extensive real-time forecast data set. Employing the Romer Romer identification approach we first construct a new measure of monetary policy innovations for the UK economy. We find that a one percentage point...
Persistent link: https://www.econbiz.de/10010481311