Macroeconomics and Labor Markets Archive - Seite 3 von 5 - IAB - Institut für Arbeitsmarkt- und Berufsforschung

The European Unemployment Puzzle: Implications from Population Aging

We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks.

The Dark Shadow of Benefit Reforms in the Open Economy

Labor market beliefs and the gender wage gap

We study the role of labor market beliefs in the gender pay gap. We find that, on average, women expect to receive lower salaries than men and also expect to receive fewer offers when employed.

EU enlargement and (temporary) migration: Effects on labour market outcomes in Germany

Great Recession Babies: How Are Startups Shaped by Macro Conditions at Birth?

We combine novel micro data with quasi-random timing of patent decisions over the business cycle to estimate the effects of the Great Recession on innovative startups.

Marriage and Divorce under Labor Market Uncertainty

This paper analyzes these “labor market divorces” in a novel model of simultaneous search in labor and marriage markets.

Matching Workers’ Skills and Firms’ Technologies: From Bundling to Unbundling

Labor and Wealth Dynamics in Equilibrium

This paper develops a macroeconomic model that combines an incomplete-markets overlapping-generations economy with a job ladder featuring strategic wage bargaining and endogenous search effort of employed and non-employed workers. The model is able to capture the empirical relationships between search activity, labor market transition, earnings and wealth that we document in German data. We use the calibrated model to analyze the determinants of job mobility, earnings and wealth dynamics over the life cycle. We further examine the impact of unemployment insurance and progressive taxation for labor market dynamics, wage inequality and macroeconomic outcomes.

Technological Change, Firm Heterogeneity and Wage Inequality

We argue that skill-biased technological change not only affects wage gaps between skill groups, but also increases wage inequality within skill groups, across workers in different firms. Building on a heterogeneous firm framework with labor market frictions, we show that an industry-wide skill-biased technological change shock will increase between-firm wage inequality within the industry through four main channels: changes in the skill wage premium (as in traditional models of technological change); increased employment concentration in more productive firms; increased wage dispersion between firms for workers of the same skill type; and increased dispersion in the skill mix that firms employ, due to more sorting of skilled workers into more productive firms. Importantly, a simultaneous increase in the supply of skilled workers does not offset the technology- induced rise in inequality. Using rich administrative matched employer-employee data from Germany, we provide empirical evidence of establishment-level adjustments that are in line with the predictions of the model. We further document that industries with more technological adoption exhibit particularly pronounced adjustment patterns along the dimensions highlighted by the model.

Bargaining in the Labor Market

This paper examines the incidence and consequences of individual wage bargaining. We collected survey data on the bargaining policies of more than 700 German firms. Using these data, we validate a new survey measure of firm bargaining policies. We then examine what drives heterogeneity in firm policies. Using the link between these data, administrative Social Security records, and a survey we fielded to 135,000 German workers, we examine the dynamics of bargaining in the labor market. In the last part of the paper we examine the implications of individual-bargaining for wage inequality. We also draw a link between individual specific pay premia and bargaining behavior.