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dc.contributor.authorMarczak, Martynaen
dc.contributor.authorBeissinger, Thomasen
dc.date.accessioned2010-10-25-
dc.date.accessioned2010-11-08T11:24:58Z-
dc.date.available2010-11-08T11:24:58Z-
dc.date.issued2010-
dc.identifier.piurn:nbn:de:bsz:100-opus-5061en
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
dc.language.isoengen
dc.publisher|aUniversität Hohenheim, Forschungszentrum Innovation und Dienstleistung (FZID) |cStuttgarten
dc.relation.ispartofseries|aFZID Discussion Paper |x20-2010en
dc.subject.jelE32en
dc.subject.jelC22en
dc.subject.jelC32en
dc.subject.jelJ30en
dc.subject.ddc330en
dc.subject.keywordreal wagesen
dc.subject.keywordbusiness cycleen
dc.subject.keywordfrequency domainen
dc.subject.keywordtime domainen
dc.subject.keywordtrend-cycle decompositionen
dc.subject.keywordstructural time series modelen
dc.subject.keywordphase angleen
dc.subject.keywordGermanyen
dc.subject.stwReallohnen
dc.subject.stwKonjunkturen
dc.subject.stwZeitreihenanalyseen
dc.subject.stwKonsumgüterindustrieen
dc.subject.stwVerarbeitendes Gewerbeen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleReal wages and the business cycle in Germany-
dc.typeWorking Paperen
dc.identifier.ppn637732898en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:fziddp:202010en

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