On April 9, the European Central Bank reduced interest rates by half a percentage point; this was the first interest rate cut since the launch of the euro. Several model simulations were carried out for the euro area and for Austria, under the assumption that short-term interest rates will...

The year-2000 tax reform – together with the "family package" – will reduce the tax burden on private households and enterprises by ATS 32.5 billion on a medium-term basis. ATS 17 billion result from the loss of wage and income tax revenues due to the reform of the income tax-rate table, ATS...

In this paper we investigate how fertility decisions respond to unexpected career interruptions which occur as a consequence of job displacement. Using an event study approach we compare the birth rates of displaced women with those of women unaffected by job loss after establishing the...

In this paper we study the separate effects of unemployment and job displace- ment on fertility in a sample of white collar women in Austria. Using an instru- mental variables approach we show that unemployment incidence as such has no negative effect on fertility decisions, but the very fact of...

The importance of active labor market policy (ALMP) has been rising over the last 10 years in Austria, with public expenditures now amounting to about 0.6% of GDP. This paper provides a comprehensive overview of active labor market policies in Austria. We study the development of policy...

The importance of active labor market policy (ALMP) has been rising over the last 10 years in Austria, with public expenditures now amounting to about 0.6% of GDP. This paper provides a comprehensive overview of active labor market policies in Austria. We study the development of policy...

In this paper we study the separate effects of unemployment and job displacement on fertility in a sample of white collar women in Austria. Using an instrumental variables approach we show that unemployment incidence as such has no negative effect on fertility decisions, but the very fact of...