This paper analyses the effects of different model specifications.

This paper proposes validation using simulation based indirect estimation. It uses typical characteristic moments of financial market data to assess the similarity of simulation outcomes.

In this paper we empirically examine differences in search behavior between men andwomen. We assess hypotheses regarding duration of search, wages and tenure. Thehypotheses are derived from two models: the equilibrium search model with discriminatoryfirms by Black (1995) and an opportunity cost...

Our econometric research allows for a possible response of a person's hours worked tohours typically worked by members of a multidimensional labor market reference group thatconsiders demographics and geographic location...

This paper examines the effects of the Working Families´ Tax Credit (WFTC) on couples inBritain. We develop a simple model of household decisions which explicitly accounts for therole played by the tax and benefit system. Its main implications are then tested using paneldata from the British...

This paper extends previous research about the determinants of reservation wages byanalysing the effect of progressive income taxation on the ratio between reservation and netmarket wages...

We show that taxation of rents may yield an intergenerational Pareto-improvement in a smallopen economy provided tax revenues are earmarked to reduce wage taxes...

We study long-run trends in market hours of work and employment shifts across economicsectors driven by uneven TFP growth in market and home production. We focus on thesubstitutions between market and home production and on the structural transformationbetween agriculture, manufacturing and...

This paper analyses the effects of discretionary fiscal policy by presenting new empiricalevidence for Germany within a structural vector autoregression (SVAR) framework. FollowingBlanchard and Perotti (2002), the SVAR model is identified by applying institutionalinformation. We find no...

We investigate to what extent convergence in production levels per worker has beenachieved in Germany since unification. To this end, we model the distributionof GDP per employee across German districts using two-component normal mixtures.While in the first year after unification, the two...