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  1. Labor market hardships and preferences for public sector employment and employers
    evidence from Russia
    Autor*in: Jin, Olivia; Pyle, William
    Erschienen: August 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    A growing literature connects labor market hardships to stronger preferences for government welfare and redistribution programs. Potential preference shifts with respect to other types of state involvement in the economy, however, have gone... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 63
    Fernleihe:
    keine Fernleihe

     

    A growing literature connects labor market hardships to stronger preferences for government welfare and redistribution programs. Potential preference shifts with respect to other types of state involvement in the economy, however, have gone unexplored. We draw on both longitudinal and pseudo-panel data from Russia to explore how labor market hardships relate to preferences for public sector employment and employers. In fixed effects specifications, we demonstrate that feelings of job insecurity, experiences with wage arrears, and spells of unemployment all increase the attractiveness of work in the public sector. Pseudo-panel data provide only mixed evidence as to whether such effects endure over the longer run.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/245410
    Schriftenreihe: CESifo working paper ; no. 9229 (2021)
    Schlagworte: economic shocks; personal experience; public employment; political preferences
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  2. Households' expectations and regional COVID-19 dynamics
    Autor*in: Cato, Misina; Schmidt, Tobias
    Erschienen: [2023]
    Verlag:  Deutsche Bundesbank, Frankfurt am Main

    In this paper we analyze how consumers in Germany updated expectations about inƒaflation in response to the COVID-19 outbreak. We use a fixed effects model to estimate the effect of regional exposure to COVID-19 cases, the stringency of restriction... mehr

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    Verlag (kostenfrei)
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    Standort:
    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
    Fernleihe:
    keine Fernleihe

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 12
    Fernleihe:
    keine Fernleihe

     

    In this paper we analyze how consumers in Germany updated expectations about inƒaflation in response to the COVID-19 outbreak. We use a fixed effects model to estimate the effect of regional exposure to COVID-19 cases, the stringency of restriction measures and local unemployment rates on inflation expectations. We find that consumers who were locally more exposed to COVID-19 cases report higher inflation expectations. ‘e relationship between the virus spread and inflation expectations is ampli€ed if respondents live in high unemployment regions. We explain our findings through an information and experience channel. Information about the pandemic and its effects played an important role during the €rst wave of the pandemic. However, when a‹ention to information diminishes, experience matters most. We document that negative personal (how severely the respondent was affected financially) and local experience (how severely the district was affected by COVID-19) are associated with higher inƒation expectations and more pessimistic views with regard to unemployment, interest rates, house prices and the intention to spend. Our €ndings show that it is important to consider regional disparities when examining individual belief formation.

     
    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9783957299338
    Weitere Identifier:
    hdl: 10419/269863
    Auflage/Ausgabe: 16.01.2023
    Schriftenreihe: Discussion paper / Deutsche Bundesbank ; no 2023, 02
    Schlagworte: COVID-19 pandemic; inflationexpectations; inflation disagreement; perceived severity of COVID-19; personal experience
    Umfang: 1 Online-Ressource (circa 58 Seiten), Illustrationen