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Cyclicality of real wages in the USA and Germany: New insights from wavelet analysis

Marczak, Martyna; Gómez, Víctor - 2012

This article provides new insights into the cyclical behavior of consumer and producer real wages in the USA and … Germany. We apply two methods for the estimation of the cyclical components from the data: the approach based on the … lead-lag relationship of real wages and the business cycle. In the USA, both real wages are leading the business cycle in …

Persistent link: https://www.econbiz.de/10010309235

Concrete shoes for competition: The effect of the German cement cartel on market price

Hüschelrath, Kai; Müller, Kathrin; Veith, Tobias - 2012

We use publicly available price data from the German cement industry to estimate the cartelinduced price increase. We apply two different comparator-based approaches - the 'before and-after' approach and the 'difference-in-differences' approach - and especially study the impact of various...

Persistent link: https://www.econbiz.de/10010309238

The competitive effects of firm exit: Evidence from the US airline industry

Hüschelrath, Kai; Müller, Kathrin - 2012

We study the competitive effects of five liquidations and six mergers in the domestic U.S. airline industry between 1995 and 2010. Applying fixed effects regression models we find that route exits due to liquidation lead to substantially larger price increases than mergerrelated exits. Within...

Persistent link: https://www.econbiz.de/10010309239

The behavioralist goes to school: Leveraging behavioral economics to improve educational performance

Levitt, Steven D.; List, John A.; Neckermann, Susanne; … - 2012

Decades of research on behavioral economics have established the importance of factors that are typically absent from the standard economic framework: reference dependent preferences, hyperbolic preferences, and the value placed on non-financial rewards. To date, these insights have had little...

Persistent link: https://www.econbiz.de/10010309241

Estimating damages from price-fixing: The value of transaction data

Hüschelrath, Kai; Müller, Kathrin; Veith, Tobias - 2012

cement producers to study the value of such transaction data for an estimation of cartel damages. In particular, we …

Persistent link: https://www.econbiz.de/10010309242

House price forecasts in times of crisis: Do forecasters herd?

Pierdzioch, Christian; Rülke, Jan Christoph; … - 2012

We used Wall Street Journal survey data for the period 2006 - 2010 to analyze whether forecasts of house prices and housing starts provide evidence of (anti-)herding of forecasters. Forecasts are consistent with herding (anti-herding) of forecasters if forecasts are biased towards (away from)...

Persistent link: https://www.econbiz.de/10010309243

Wages, rents, unemployment, and the quality of life

Wrede, Matthias - 2012

pay for regional amenities and the regional quality of life when wages, rents, and unemployment risk compensate for local …

Persistent link: https://www.econbiz.de/10010309283

The impact of corporate taxes on investment: An explanatory empirical analysis for interested practitioners

Dreßler, Daniel - 2012

The scientific literature provides evidence for an impact of company taxes on investments. Practitioners, however, have a skeptical view on the meaning of this effect. This paper builds the bridge between research and the interested practice by providing detailed descriptives and clearly showing...

Persistent link: https://www.econbiz.de/10010309286

Disaggregate energy consumption and industrial output in Pakistan: An empirical analysis

Qazi, Ahmer Qasim; Ahmed, Khalid; Mudassar, Muhammad - 2012

The study concentrates on the relationship between disaggregate energy consumption and industrial output in Pakistan by utilizing the Johansen Method of Cointegration. The results confirm the positive effect of disaggregate energy consumption on industrial output. Furthermore, bidirectional...

Persistent link: https://www.econbiz.de/10010309300

Country inequality rankings and conversion schemes

Schröder, Carsten; Bönke, Timm - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-28, pp. 1-43

Two conversion schemes may be employed for assessing income inequality from household equivalent incomes: to weight … household units by size or by needs. Using data from the Luxembourg Income Study, we show the sensitivity of country inequality …

Persistent link: https://www.econbiz.de/10010309600