Labor market tightness and individual wage growth: evidence from Germany

Brunow, Stephan; Lösch, Stefanie; Okhrin, Ostap

doi:10.1186/s12651-022-00322-7

Cited by 7 publications

(2 citation statements)

References 36 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Welfare and Wage Growth [15][16][17][18][19][20][21][22][23][24][25][26][27] Enterprise Development [3][4][5][28][29][30] Investment Efficiency [6,[31][32][33][34][35][36][37][38][39][40][41][42][43][44] Goods Safety [45][46][47][48][49][50][51][52][53][54][55] Cash Flow Management [56][57][58][59][60][61][62]…”

Section: Direction Of Research Scientists and Experts Contributed To ...mentioning

confidence: 99%

Economic and Mathematical Modeling for the Process Management of the Company's Financial Flows

Kostyrin

Rozanov

2023

Emerg Sci J

View full text Add to dashboard Cite

This paper presents an analysis of existing methods and models designed to solve the problem of planning the distribution of financial flows in the operational management cycle of the enterprise; it also offers tools for process management of enterprise financial flows based on the method of dynamic programming, which allows for determining the optimal combination of factors affecting the financial flow of the enterprise, taking into account existing restrictions on changes in the influencing parameters of the model. The current study develops an innovative model that maximizes the economic efficiency of investment in the sale of food products through retail chains and the practical implementation of the developed model based on the data from the financial reports of LLC "Kraft Heinz Vostok". The theoretical and methodological basis of the research includes the works of Russian and foreign experts in the fields of methodology of economic and mathematical modeling and decision-making, dynamic programming, system analysis, information approach to the analysis of systems, process management of enterprise financial flows, and human resource management. The author's methodology makes it possible to increase the company's profitability in key clients and categories in the range of 4 to 6 million dollars and to increase the return on investment by 10–17%. The scientifically innovative aim is to develop a toolkit for process management of enterprise financial flows, characterized by a systematic combination of methods of dynamic programming, social financial technologies, and economic evaluation of investments, which allows for the creation of mechanisms for managing the development of enterprises of all organizational and legal forms and the development of model projects of decision support systems with the prospects of their incorporation into existing information and analytical systems. Doi: 10.28991/ESJ-2023-07-03-017 Full Text: PDF

show abstract

Section: Direction Of Research Scientists and Experts Contributed To ...mentioning

confidence: 99%

Economic and Mathematical Modeling for the Process Management of the Company's Financial Flows

Kostyrin

Rozanov

2023

Emerg Sci J

View full text Add to dashboard Cite

show abstract

“…Holding the number of unemployed workers constant, labor market tightness increases if the number of vacancies increases. In a tight labor market, workers can bargain for higher wages, putting upward pressure on wage growth (Domash and Summers, 2022;Brunow et al, 2022;and Jordà et al, 2022) and on inflation (Jordà et al, 2022).…”

mentioning

confidence: 99%

The Effect of Higher Financing Costs on Job Openings and Online Job Postings

Bailey,

Hernandez Martinez

2023

EC (FRB Cleveland)

View full text Add to dashboard Cite

In this Economic Commentary, we consider whether the declines in vacancies seen in the second half of 2022 could have been driven by monetary policy tightening. We look at whether the variation in this decline across industries and states was consistent with increases in the federal funds rate. Our first strategy focuses on variation at the industry level in exposure to higher borrowing costs. Our second leverages geographic differences in the effect of monetary policy tightening on financing costs. Both strategies suggest that monetary policy is, at least in part, responsible for the recent decline in vacancies.

show abstract

Do firms submit fewer tender bids with high inflation? An analysis of firms’ participation in public procurement in the EU

Klimavičiūtė,

Schito,

Barcevičius

2024

JOPP

View full text Add to dashboard Cite

Purpose This paper aims to explore the effect of sustained high inflation on public procurement participation in the European Union, both in terms of the average number of bids submitted and in the proportion of bids by small- and medium-sized enterprises (SMEs) out of all submitted bids. Design/methodology/approach Regression modelling, using contract award notices in the Tender Electronics Daily database between 2018 and 2022, at quarterly intervals. Findings Each inflation point increase is associated with a decline in the average number of offers received per tender by 0.43%. A more marked reduction of 8.6% in the average number of offers and a decrease in 3.4 percentage points in the SME participation rate are observed for firms operating in sectors that experienced very high levels of inflation (>20% year-on-year rate of change), compared with a situation of low inflation (0–5%). Social implications Claims about difficulties in delivering public contracts for the set price should be taken with a grain of salt, unless businesses operate in sectors experiencing very high inflation levels. Measures to foster competition could also reduce price pressures. Originality/value To the best of the authors’ knowledge, this is the first study to quantitatively assess the association between high inflation and public procurement participation. Two methodological novelties are introduced: the operationalisation of sectoral-level inflation down to two-digit NACE codes, based mainly on producer prices; and a matching between two-digit NACE codes for inflation and the common procurement vocabulary codes to classify calls to bid for public contracts by economic activity.

show abstract

Labor market tightness and individual wage growth: evidence from Germany

Cited by 7 publications

References 36 publications

Economic and Mathematical Modeling for the Process Management of the Company's Financial Flows

Economic and Mathematical Modeling for the Process Management of the Company's Financial Flows

The Effect of Higher Financing Costs on Job Openings and Online Job Postings

Do firms submit fewer tender bids with high inflation? An analysis of firms’ participation in public procurement in the EU

Contact Info

Product

Resources

About