Real wages and the business cycle in Germany

Beißinger, Thomas; Marczak, Martyna

Real wages and the business cycle in Germany

dc.contributor.author	Beißinger, Thomas	de
dc.contributor.author	Marczak, Martyna	de
dc.date.accessioned	2024-04-08T08:44:26Z
dc.date.available	2024-04-08T08:44:26Z
dc.date.created	2010-10-22
dc.date.issued	2010
dc.description.abstract	This 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.identifier.swb	332407128
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/5389
dc.identifier.urn	urn:nbn:de:bsz:100-opus-5061
dc.language.iso	eng
dc.relation.ispartofseries	FZID discussion papers; 20
dc.rights.license	publ-ohne-pod	en
dc.rights.license	publ-ohne-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_ubh.php
dc.subject	Real wages	en
dc.subject	Business cycle	en
dc.subject	Frequency domain	en
dc.subject	Time domain	en
dc.subject	Trend-cycle decomposition	en
dc.subject	Structural time series model	en
dc.subject	Phase angle	en
dc.subject	Germany	en
dc.subject.ddc	330
dc.subject.gnd	Reallohn	de
dc.title	Real wages and the business cycle in Germany	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.faculty.number	3	de
local.faculty.number	7	de
local.institute.number	520alt	de
local.institute.number	795	de
local.opus.number	506
local.series.issueNumber	20
local.series.title	FZID discussion papers
local.university	Universität Hohenheim	de
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.faculty	Landesanstalten	de
local.university.institute	Institut für Volkswirtschaftslehre (bis 2010)	de
local.university.institute	Forschungszentrum Innovation und Dienstleistung	de

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