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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
This paper analyzes the implications of bilateral bargaining over wages and employment between a producer and a union …. Wages and aggregate employment levels are set according to an efficient (Nash) bargaining agreement while the commodity … evolution of money balances, prices, and wages is analyzed being driven primarily by government budget deficits and expectations …
Persistent link: https://www.econbiz.de/10010340560
Persistent link: https://www.econbiz.de/10013531546
- and high-skilled services, the wages in these two sectors have to grow at a faster pace than in the middle. …
Persistent link: https://www.econbiz.de/10010482521
random search with ex post competition in wages leads to the maximum number of matches and is socially efficient in terms of …
Persistent link: https://www.econbiz.de/10010343782
In light of the remarkable number of young people who pass through a period of temp work at the beginning of their career the question arises whether labor market entry via temporary work agency (TWA) employment has any (persistent) effects on labor market outcomes. We investigate this issue...
Persistent link: https://www.econbiz.de/10010340997
In 2009, Germany invested 15.4 Billion Euro in infrastructure to avert the looming recession. In this study, we evaluate whether the German stimulus program was successful in limiting the impact of the crisis on the job market. We exploit exogenous cross-sectional variation to identify the...
Persistent link: https://www.econbiz.de/10010341046
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
In this paper I analyze the relationship between unemployment and criminal activity. Using a unique panel data set on German counties covering the years 2003 to 2009, I estimate the effect of unemployment on crime rates for different kind of offenses. I extensively control for potential...
Persistent link: https://www.econbiz.de/10010339304
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