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The German Manufacturing Sector is a Granular Economy
power law idiosyncratic shocks granular residual Germany
2012/10/22
Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German m...
Establishment Age and Wages: Evidence from German Linked Employer-Employee Data
establishment age wage linked employer-employee data Germany
2013/10/25
Research in wage differentials has a long tradition. Prominent reasons why people make more or less money in the labor market include personal characteristics of the employee (e.g., human capital or g...
Testing for Asymmetry in British, German and US Unemployment Data
Asymmetries unemployment dynamics matching model
2013/10/18
Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in macroeconomics and labor economics. Several models like e.g. matching models with endogen...