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Can Germany’s economy stage an unexpected recovery?Steffen MüllerThe Economist, January 30, 2025
We analyze the evolution of the wage and employment structure in East Germany over the past two decades and compare it to West Germany.
Using data on import tariffs and investment in U.S. manufacturing industries between 1974 and 2012, we show that upstream tariff reductions are followed by increased down-stream investment.
This paper examines the links between the internationalization mode of firms and market imperfections in product and labor markets.
We show that analyst valuations became less accurate and more pessimistic following a large drop in accounting earnings that did not reveal new information about firm value.
We pin down a new mechanism behind comparative advantage by pointing out that countries differ in their ability to adjust to technological change. We take stock of the pattern extensively documented in the labor literature whereby more efficient machines displace workers from codifiable (routine) tasks.
Despite their importance, the discussion of spillover effects in empirical research misses the rigor dedicated to endogeneity concerns.
The increasing rates of opioid abuse has had a significant impact on the United States. This paper shows that the opioid epidemic has implications for firms which must now contend with a lower pool of available and productive workers.
We identify the effects of exogenous credit constraints on firm ability to attract and retain skilled workers. To do so, we exploit a shock to the value of the pension obligations of Portuguese banks resulting from a change in accounting norms.
Anniversary 2017 25 years IWH. Highlights and turning points. A quarter of a century ago, our employees started to work for IWH. What has happened from then until now? Content 25…
