EconStor >
Universität Hohenheim >
Forschungszentrum Innovation und Dienstleistung (FZID), Universität Hohenheim >
FZID Discussion Papers, Universität Hohenheim >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/41468
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorMarczak, Martynaen_US
dc.contributor.authorBeissinger, Thomasen_US
dc.date.accessioned2010-10-25en_US
dc.date.accessioned2010-11-08T11:24:58Z-
dc.date.available2010-11-08T11:24:58Z-
dc.date.issued2010en_US
dc.identifier.piurn:nbn:de:bsz:100-opus-5061en_US
dc.identifier.urihttp://hdl.handle.net/10419/41468-
dc.description.abstractThis paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany. As detrending methods we apply the deterministic trend model, the Beveridge-Nelson decomposition, the Hodrick-Prescott filter, the Baxter-King filter and the structural time series model. The detrended data are analyzed both in the time domain and in the frequency domain. The great advantage of an analysis in the frequency domain is that it allows to assess the relative importance of particular frequencies for the behavior of real wages. In the time domain we find that both real wages display a procyclical pattern and lag behind the business cycle. In the frequency domain the consumer real wage lags behind the business cycle and shows an anticyclical behavior for shorter time periods, whereas for longer time spans a procyclical behavior can be observed. However, for the producer real wage the results in the frequency domain remain inconclusive.en_US
dc.language.isoengen_US
dc.publisherUniv. Hohenheim, Forschungszentrum Innovation und Dienstleistung Stuttgarten_US
dc.relation.ispartofseriesFZID discussion papers 20-2010en_US
dc.subject.jelE32en_US
dc.subject.jelC22en_US
dc.subject.jelC32en_US
dc.subject.jelJ30en_US
dc.subject.ddc330en_US
dc.subject.keywordreal wagesen_US
dc.subject.keywordbusiness cycleen_US
dc.subject.keywordfrequency domainen_US
dc.subject.keywordtime domainen_US
dc.subject.keywordtrend-cycle decompositionen_US
dc.subject.keywordstructural time series modelen_US
dc.subject.keywordphase angleen_US
dc.subject.keywordGermanyen_US
dc.subject.stwReallohnen_US
dc.subject.stwKonjunkturen_US
dc.subject.stwZeitreihenanalyseen_US
dc.subject.stwKonsumgüterindustrieen_US
dc.subject.stwVerarbeitendes Gewerbeen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleReal wages and the business cycle in Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn637732898en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:fziddp:202010-
Appears in Collections:FZID Discussion Papers, Universität Hohenheim

Files in This Item:
File Description SizeFormat
637732898.pdf402.75 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.