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  1. Wages, compositional effects and the business cycle
    Autor*in: Christodoulopoulou, Styliani; Kouvavas, Omiros
    Erschienen: [2022]
    Verlag:  European Central Bank, Frankfurt am Main, Germany

    During the Great Recession, unemployment increased substantially across several euro area countries, with wages exhibiting a muted response. As low skilled workers lose their jobs first during a recession, the remaining employed workers result in a... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 534
    Fernleihe:
    keine Fernleihe

     

    During the Great Recession, unemployment increased substantially across several euro area countries, with wages exhibiting a muted response. As low skilled workers lose their jobs first during a recession, the remaining employed workers result in a relatively more skilled employment pool. This change in the composition of the employed workers in ates the aggregate wage mechanically, even in the case of no actual pay rises. This paper uses individual level data to control for the effect of changes in the composition of workers on wages and wage cyclicality. We find that compositional effects are highly correlated with the severity of the business cycle, being significant in countries where employment losses were larger. Thus, the results partially explain the muted response of the observed wages to the business cycle, as wages decreased more than what the aggregate numbers suggest during the downturn, a picture that is reversed somewhat during the recent recovery.

     
    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789289949866
    Weitere Identifier:
    hdl: 10419/261187
    Schriftenreihe: Working paper series / European Central Bank ; no 2653 (March 2022)
    Schlagworte: Wages; Compositional e ects; Wage cyclicality
    Umfang: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  2. Measuring the effectiveness of cost and price competitiveness in external rebalancing of Euro area countries
    what do alternative HCIs tell us?
    Autor*in: Christodoulopoulou, Styliani; Tkačevs, Ol̨egs
    Erschienen: 2014
    Verlag:  Latvijas Banka, Riga

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Fernleihe:
    keine Fernleihe
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    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working paper / Latvijas Banka ; 6/2014
    Schlagworte: Kaufkraftparität; Export; Import; Preiswettbewerb; Kosteneffizienz; Eurozone; EU-Staaten
    Umfang: Online-Ressource (40 S.), graph. Darst.
  3. The role of price and cost competitiveness for intra- and extra-euro area trade of euro area countries
    Autor*in: Bobeica, Elena; Christodoulopoulou, Styliani; Tkačevs, Olegs
    Erschienen: 15 Jul 2016
    Verlag:  European Central Bank, Frankfurt am Main, Germany

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 534 (1941)
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789289921893
    Weitere Identifier:
    hdl: 10419/154374
    Schriftenreihe: Working paper series / European Central Bank ; no 1941 (July 2016)
    Umfang: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  4. The role of price and cost competitiveness for intra- and extra-Euro area trade of Euro area countries
    Autor*in: Bobeica, Elena; Christodoulopoulou, Styliani; Tkačevs, Oļegs
    Erschienen: 2016
    Verlag:  Latvijas Banka, Riga

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789984888804
    Schriftenreihe: Working paper / Latvijas Banka ; 2016/4
    Schlagworte: Preiswettbewerb; Export; Import; Handelsbilanz; Eurozone
    Umfang: 1 Online-Ressource (circa 43 Seiten), Illustrationen