Makroökonomik

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Makroökonomik

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Term: 1. January 2023 - 31. December 2025
Funding source: DFG-Einzelförderung / Sachbeihilfe (EIN-SBH)
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Term: since 1. August 2014
Funding source: DFG / Schwerpunktprogramm (SPP)
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Search frictions generate long-term employment relationships and thus rents for matched workers and firms, which are shared in the wage determination process. An understanding for wage formation and wage cyclicality is central for a variety of issues (e.g. hiring and firing decisions, labor market dynamics, wage dispersion) and therefore ultimately for policy (e.g. labor market, business cycle or trade policies). Although empirical research on wage cyclicality has been spurred in light of the search…

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