Gemeinschaftsdiagnose
Gemeinschaftsdiagnose Die Gemeinschaftsdiagnose ist ein Instrument zur Beurteilung...
Zur Seite
IWH-Insolvenzforschung
IWH-Insolvenzforschung Die IWH-Insolvenzforschungsstelle bündelt die...
Zur Seite
Marginal Jobs and Job Surplus: A Test of the Efficiency of Separations
Simon Jäger, Benjamin Schoefer, Josef Zweimüller
Review of Economic Studies,
Nr. 3,
2023
Abstract
We present a test of Coasean theories of efficient separations. We study a cohort of jobs from the introduction through the repeal of a large age- and region-specific unemployment benefit extension in Austria. In the treatment group, 18.5% fewer jobs survive the program period. According to the Coasean view, the destroyed marginal jobs had low joint surplus. Hence, after the repeal, the treatment survivors should be more resilient than the ineligible control group survivors. Strikingly, the two groups instead exhibit identical post-repeal separation behavior. We provide, and find suggestive evidence consistent with, an alternative model in which wage rigidity drives the inefficient separation dynamics.
Artikel Lesen
Minimum Wages, Productivity, and Reallocation
Mirja Hälbig, Matthias Mertens, Steffen Müller
IZA Discussion Paper,
Nr. 16160,
2023
Abstract
We study the productivity effect of the German national minimum wage by applying administrative firm data. At the firm level, we confirm positive effects on wages and negative employment effects and document higher productivity even net of output price increases. We find higher wages but no employment effects at the level of aggregate industry × region cells. The minimum wage increased aggregate productivity in manufacturing. We do not find that employment reallocation across firms contributed to these aggregate productivity gains, nor do we find improvements in allocative efficiency. Instead, the productivity gains from the minimum wage result from within-firm productivity improvements only.
Artikel Lesen
Minimum Wages, Productivity, and Reallocation
Mirja Hälbig, Matthias Mertens, Steffen Müller
IWH Discussion Papers,
Nr. 8,
2023
Abstract
We study the productivity effect of the German national minimum wage combining administrative firm datasets. We analyze firm- and market-level effects, considering output price changes, factor substitution, firm entry and exit, labor reallocation, and short- versus long-run effects. We document higher firm productivity even net of output price increases. Productivity gains are persistent in manufacturing and service sectors. The minimum wage also increased manufacturing productivity at the aggregate level. Neither firm entry and exit nor other forms of employment reallocation between firms contributed to these gains. Instead, aggregate productivity gains from the minimum wage solely stem from within-firm productivity improvements.
Artikel Lesen
Department Profiles
Research Profiles of the IWH Departments All doctoral students are allocated to one...
Zur Seite
People
People Job Market Candidates Doctoral...
Zur Seite
People
People Job Market Candidates Doctoral...
Zur Seite
Department Profiles
Research Profiles of the IWH Departments All doctoral students are allocated to one...
Zur Seite
LRF Research Profile
Research Profile of the Department of Laws, Regulations and Factor Markets The ...
Zur Seite