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Green serves the dirtiest : on the interaction between Black and Green Quotas
Böhringer, Christoph; Rosendahl, Knut Einar - 2009
Tradable black (CO2) and green (renewables) quotas gain in popularity and stringency within climate policies of many OECD countries. The overlapping regulation through both instruments, however, may have important adverse economic implications. Based on stylized theoretical analysis and...
Persistent link: https://www.econbiz.de/10010271859
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Boon or bane?: others' unemployment, well-being and job insecurity
Clark, Andrew E.; Knabe, Andreas; Rätzel, Steffen - 2008
The social norm of unemployment suggests that aggregate unemployment reduces the well-being of the employed, but has a far smaller effect on the unemployed. We use German panel data to reproduce this standard result, but then suggest that the appropriate distinction may not be between employment...
Persistent link: https://www.econbiz.de/10010271953
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Top incomes and top taxes in Germany
Bach, Stefan; Corneo, Giacomo; Steiner, Viktor - 2006
We analyze the distribution and taxation of top incomes in Germany during the 1990s on the basis of individual tax … findings are as follows: (i) incomes are highly concentrated in Germany, more than commonly thought; (ii) the German economic … concentrated in Germany, more than commonly thought; (iv) although effective tax rates are significantly lower than statutory ones …
Persistent link: https://www.econbiz.de/10010272718
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Effective taxation of top incomes in Germany, 1992 - 2002
Bach, Stefan; Corneo, Giacomo; Steiner, Viktor - 2008
We analyze the taxation of top personal incomes in Germany on the basis of an integrated data file of individual tax …
Persistent link: https://www.econbiz.de/10010272742
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Non-linear exchange rate dynamics in target zones : a bumpy road towards a honeymoon ; some evidence from the ERM, ERM2 and selected new EU member states
Crespo-Cuaresma, Jesús; Égert, Balázs; MacDonald, Ronald - 2005
This study investigates exchange rate movements in the Exchange Rate Mechanism (ERM) of the European Monetary System (EMS) and in the Exchange Rate Mechanism II (ERM-II). On the basis of the variant of the target zone model proposed by Bartolini and Prati (1999) and Bessec (2003), we set up a...
Persistent link: https://www.econbiz.de/10010273730
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Implicit vs. explicit incentives : theory and a case study
Demougin, Dominique M.; Fabel, Oliver; Thomann, Christian - 2009
We derive the optimal contract between a principal and a liquidity-constrained agent in a stochastically repeated environment. The contract comprises a court-enforceable explicit bonus rule and an implicit fixed salary promise that must be self-enforcing. Since the agent's rent increases with...
Persistent link: https://www.econbiz.de/10010273806
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Assessment drives learning : the effect of central exit exams on curricular knowledge and mathematical literacy
Jürges, Hendrik; Schneider, Kerstin; Senkbeil, Martin; … - 2009
In this paper, we use data from the German PISA 2003 sample to study the effects of central exit examinations on student performance, student attitudes, and teacher behavior. Unlike earlier studies we use (i) a value-added measure to pin down the effect of central exit exams on learning in the...
Persistent link: https://www.econbiz.de/10010274330
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The bazaar effect, unbundling of comparative advantage, and migration
Kohler, Wilhelm K. - 2007
Germany exhibits a strong reduction in domestic manufacturing production depth (bazaar effect). I argue that this …
Persistent link: https://www.econbiz.de/10010274459
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Restrictive immigration policy in Germany: pains and gains foregone?
Felbermayr, Gabriel; Geis, Wido; Kohler, Wilhelm K. - 2008
employment effects. We quantify these effects for Germany. Following Borjas (2003), we estimate a structural model of labor …
Persistent link: https://www.econbiz.de/10010274461
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Target balances and the German financial account in light of the European balance-of-payments crisis
Sinn, Hans-Werner; Wollmershäuser, Timo - 2012
look at the components of this reversal of capital flows for the case of Germany. Its main finding is that most of the … Germany is small by comparison, with purchases of German government bonds increasing substantially, in particular by Spanish … and Irish investors. Some foreign capital even left Germany. In net terms, over the years 2008, 2009 and 2011 foreigners …
Persistent link: https://www.econbiz.de/10010291492