Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/30329
Authors: 
Büttner, Thomas
Jacobebbinghaus, Peter
Ludsteck, Johannes
Year of Publication: 
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
overqualification
JEL: 
J62
J31
J41
C24
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
Document Type: 
Article

Files in This Item:
File
Size
315.77 kB





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