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Women born later experience greater earnings growth volatility at given ages than the next older cohort. This alone would imply a welfare loss due to increased earnings risk. However, using German registry data for the years 2001-2016, we document a moderation in higher-order earnings risk: Both...
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Women born later experience greater earnings growth volatility at given ages than older cohorts. This implies a welfare loss due to increased earnings risk. However, German registry data for the years 2001-2016 reveal a moderation in higher-order earnings risk: Men and women born later face...
Persistent link: https://www.econbiz.de/10015162770
what extent business cycles or unemployment levels influence entries into entrepreneurship. Our analysis for Germany …
Persistent link: https://www.econbiz.de/10010229512
We present a descriptive analysis of stylized facts for the German business cycle. We demonstrate that simple ad-hoc instructions for identifying univariate rules characterizing the German business cycle 1955-1994 lead to an error rate comparable to standard multivariate methods.
Persistent link: https://www.econbiz.de/10009770530
The article examines the macroeconomic effects of the recent labour market reforms in Germany. The reforms increased … positive effects of enhanced competitiveness as could be observed in Germany in recent years. A comparison of the most recent …
Persistent link: https://www.econbiz.de/10009779486
This paper reveals that German firms with working time accounts (WTAs) show a similar separation and hiring behavior in response to revenue changes as firms without WTAs. This finding casts doubt on the popular hypothesis that WTAs were the key driver of the unusually small increase in German...
Persistent link: https://www.econbiz.de/10010402264
Persistent link: https://www.econbiz.de/10010371001
Persistent link: https://www.econbiz.de/10010493686
structural breaks in the dynamics and the volatility of the real output process in Germany can be detected. We report evidence … that output volatility has declined in Germany. Yet, this decline in output volatility is not as clear-cut as it is in the … in Germany reflects good economic and monetary policy or merely "good luck". …
Persistent link: https://www.econbiz.de/10011475861
and Germany to condition the relationship between real wages and business fluctuations on the phase of the cycle, it is … general, the evidence for countercyclical wages is stronger in Germany than for the US, but taken together there is no clear …
Persistent link: https://www.econbiz.de/10011449261