This paper investigates the evolution of wages and the recent tendency to rising wage inequality in Germany, based on the German Socio-Economic Panel (GSOEP) for 1984 to 2004. Between 1984 and 1994 the wage distribution was fairly stable. Wage inequality started to increase around 1994 in...

In a two-period model with agent heterogeneity we analyze a pension reform toward a stronger link between contributions and benefits (as recently observed in several countries) in a pension system with a Bismarckian and a Beveridgian component. We show that such a policy change reduces the...

We analyse the impact of different immigration policies on human capital investment in a search-theoretic model. This class of model features unemployment and underinvestment in human capital. We show that an immigration policy aiming at well educated immigrants leads to rising educational...

In der öffentlichen Debatte werden vor dem Hintergrund von Studien zur Automatisierbarkeit von Berufen immer wieder Stimmen laut, dass Industrie 4.0 und Digitalisierung massive Jobverluste nach sich ziehen könnten. Der lange Weg von der Entwicklung neuer Technologien in die betriebliche Praxis...