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Titel
Value added, wages, and labor market flows at the establishment level / Christian Merkl (Friedrich-Alexander-University Erlangen-Nuremberg (FAU) and IZA), Heiko Stüber (Friedrich-Alexander-University Erlangen-Nuremberg (FAU), IZA and IAB). IZA Institute of Labor Economics
VerfasserMerkl, Christian ; Stüber, Heiko
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, February 2018
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (15 Seiten) : Diagramme
SerieDiscussion paper ; no. 11314
URNurn:nbn:de:hbz:5:2-150053 
Zugriffsbeschränkung
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
Value added, wages, and labor market flows at the establishment level [0.31 mb]
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Zusammenfassung

In this paper, we analyze the connection between value added, wages, and labor market flows at the establishment level. We develop a simple model to illustrate the expected comovement of these variables. For the empirical analysis, we link the new German Administrative Wage and Labor Market Flow Panel (AWFP) dataset to the IAB Establishment Panel. We show that establishments hires rates have a positive and separations rates a negative comovement with establishment-specific value added, whereby hires react by more than separations. In addition, we provide evidence that establishments partial equilibrium reaction is an important driver for aggregate labor market dynamics.