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No Deep Recession Despite Energy Crisis and Rise in Interest Rates The IWH forecasts that due to the recovery from the...
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People Job Market Candidates Doctoral...
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IWH Bankruptcy Research The Bankruptcy Research Unit of the Halle Institute for...
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Corona The pandemic has posed unprecedented challenges to society and the economy. What is...
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Selected Publications ...
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Innovation and Top Income Inequality
Philippe Aghion, Ufuk Akcigit, Antonin Bergeaud, Richard Blundell, David Hemous
The Review of Economic Studies,
No. 1,
2019
Abstract
In this article, we use cross-state panel and cross-U.S. commuting-zone data to look at the relationship between innovation, top income inequality and social mobility. We find positive correlations between measures of innovation and top income inequality. We also show that the correlations between innovation and broad measures of inequality are not significant. Next, using instrumental variable analysis, we argue that these correlations at least partly reflect a causality from innovation to top income shares. Finally, we show that innovation, particularly by new entrants, is positively associated with social mobility, but less so in local areas with more intense lobbying activities.
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Transferability of Skills across Sectors and Heterogeneous Displacement Costs
Moises Yi, Steffen Müller, Jens Stegmaier
American Economic Review: Papers and Proceedings,
No. 5,
2017
Abstract
We use rich German administrative data to estimate new measures of skill transferability between manufacturing and other sectors. These measures capture the value of workers' human capital when applied in different sectors and are directly related to workers' displacement costs. We estimate these transferability measures using a selection correction model, which addresses workers' endogenous mobility, and a novel selection instrument based on the social network of workers. Our results indicate substantial heterogeneity in how workers can transfer their skills when they move across sectors, which implies heterogeneous displacement costs that depend on the sector to which workers reallocate.
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Vererbung von Arbeitslosigkeit: Wie der Vater, so der Sohn?
Steffen Müller
Wirtschaft im Wandel,
No. 2,
2016
Abstract
Jugendarbeitslosigkeit und mangelnde Chancen sozialen Aufstiegs gehören zu den wichtigsten sozialpolitischen Herausforderungen in vielen Ländern. Die Probleme erweisen sich als so hartnäckig, dass die These naheliegt, sie würden innerhalb der Familien „vererbt“. Eine Studie des IWH und der Friedrich-Alexander-Universität Erlangen-Nürnberg hat jetzt erstmals für Deutschland untersucht, wie lange junge Männer, die als Kinder einen zeitweise arbeitslosen Vater hatten, später selbst arbeitslos gewesen sind. Zudem wurde geprüft, ob die Ursache für die Arbeitslosigkeit der Söhne in der Arbeitslosigkeit der Väter selbst oder in gemeinsamen familiären Faktoren zu suchen ist, die zu einer höheren Arbeitslosigkeit von Vätern und Söhnen führen.
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