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Arbeitsmarktanspannung im Aufschwung der Jahre 2006/07 und 2010/11 deutlich an. Zum Jahresende 2012 ist die Arbeitsnachfrage im Zuge der … eastern European countries to Germany. In 2011 the net immigration of foreign citizens amounted to 279,000 persons; for 2012 a … net immigration of 340,000 to 380,000 persons is to be expected. This high level is surely due to the positive labour …
Persistent link: https://www.econbiz.de/10010229011
In this paper we conduct a counterfactual analysis and estimate the quantitative importance of demand and supply effects on wage inequality in Germany using a dynamic computable general equilibrium (CGE) model of the Auerbach-Kotlikoff (1987) type. Specifically, the methodological contribution...
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Employment rates in the United States fell dramatically between February 2020 and April 2020 as the initial repercussions of the COVID-19 pandemic reverberated through the labor market. This paper uses data from the CPS Basic Monthly Files to document that the employment decline was particularly...
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1976. I find that regional wages decline between 1962 and 1968, before returning to their pre-shock level 15 years after …. While regional wages recovered, this particular supply shock had persistent distributional effects. By increasing the …
Persistent link: https://www.econbiz.de/10011701511
We formulate nominal wage adjustment by incorporating various concepts of fairness. By applying it into a continuous-time money-in-utility model we examine macroeconomic dynamics with and without a liquidity trap and obtain the condition for persistent unemployment, and that for temporary...
Persistent link: https://www.econbiz.de/10003921842
A large share of workers receives bonus payments besides their base wage. The benefits of flexible wage components in remuneration are twofold: they can incentivize workers and make it easier to adjust wages downward in response to negative shocks. Using data on bonus payments of Hungarian...
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