We study the relationship between cyclical job and worker flows at the plant level using a new data set spanning from 1976-2006. We find that procyclical labor demand explains relatively little of procyclical worker flows. Instead, all plants in the employment growth distribution increase their...

This article discusses the economic effects of a potential cut-off of the German economy from Russian energy imports. We show that the effects are likely to be substantial but manageable. In the short run, a stop of Russian energy imports would lead to a GDP decline in range between 0.5% and 3%...

Wir dokumentieren, basierend auf administrativen Daten, dass in ostdeutschen Betrieben - im Vergleich zu westdeutschen - die Löhne mit der Größe der Betriebe stärker steigen, dass ostdeutsche Betriebe weniger in Marketing investieren, kleiner bleiben und im Durchschnitt niedrigere Löhne...

When employers face a trade-off between being large and paying low wages - and in this sense have monopsony power - some productive employers decide to acquire few customers, forgo sales, and remain small. These decisions have adverse consequences for aggregate labor productivity. Using...