Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/73814 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
ifo Working Paper No. 100
Verlag: 
ifo Institute - Leibniz Institute for Economic Research at the University of Munich, Munich
Zusammenfassung: 
We examine the impact of lay-off risks on wages. Portfolio as well as search theoreticmodelling predicts higher exogenous lay-off risks to go along with higher wages. But,an impact of wages on lay-off risks (e.g., endogenous job destruction) is also plausible.Using the German BA Employment Panel (2008), we estimate a wage equation withexogenous lay-off risks for the most important industries in West Germany. We addressthe mutual causality by controlling for endogeneity via an instrumental variableapproach. Furthermore, we restrict our analysis to the high skilled to avoid a highimpact on tariff commitment. Our findings suggest the presence of risk premiums inthree of five industries. The level of impact and its significance depends on the industryand on the gender of the employee.
Schlagwörter: 
Lay-off risk
wages
JEL: 
I31
J63
Dokumentart: 
Working Paper

Datei(en):
Datei
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