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Title:Occupational upgrading and the business cycle in West Germany PDF Logo
Authors:Büttner, Thomas
Jacobebbinghaus, Peter
Ludsteck, Johannes
Issue Date:2010
Citation:[Journal:] Economics: The Open-Access, Open-Assessment E-Journal [Volume:] 4 [Issue:] 2010-10 [Pages:] 1-37 [DOI/URN:] doi:10.5018/economics-ejournal.ja.2010-10
Abstract:The occupational skill structure depends on the business cycle if employers respond to shortages of applicants during upturns by lowering their hiring standards. Devereux uses this implication to construct empirical tests for the notion of hiring standards adjustment (the so-called Reder hypothesis) and finds affirmative evidence for the U.S labour market. The authors replicate his analysis using German employment register data. Regarding the occupational skill composition they obtain somewhat lower but qualitatively similar responses to the business cycle despite of well known institutional differences between the U.S. and German labour market. The responsiveness of occupational composition wages to the business cycle is considerably lower in Germany.
Subjects:Hiring standards
business cycle adjustment
occupational upgrading
wage structure
wage setting
Persistent Identifier of the first edition:doi:10.5018/economics-ejournal.ja.2010-10
Creative Commons License:
Document Type:Article
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles

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