This paper analyzes patterns in the earnings development of young labor market entrants over their life cycle. The authors identify four distinctly different types of transition patterns between discrete earnings states in a large administrative data set. Further, they investigate the effects of labor market conditions at the time of ...Download Now
Using the Dynamic Conditional Correlation (DCC) model due to Engle (2002), the authors estimate time varying correlations of quarterly real GDP growth among the G7 countries. In general, they find that rather heterogeneous patterns of international synchronization exist during U.S. recessions. During the 2007 - 2009 recession, however, international co-movement ...Download Now
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