This paper analyses the effects of containment measures and monetary and fiscal responses on US financial markets during the Covid-19 pandemic. More specifically, it applies fractional integration methods to analyse their impact on the daily S&P500, the US Treasury Bond Index (USTB), the S&P...

Mitte April hat die Arbeitsgruppe „Arbeitslosenhilfe/Sozialhilfe“ der Kommission zur Reform der Gemeindefinanzen ihren Bericht zur Zusammenlegung von Arbeitslosenhilfe und Sozialhilfe vorgelegt. Kann die Beschäftigung durch die Zusammenlegung erhöht werden? Welche finanziellen Folgen...

Using data from the 2006 wave of the German Socio-Economic Panel (GSOEP), this paper analyzes how a minimum wage affects employment, wage inequality, public expenditures, and aggregate income in the low-wage sector. It is shown that a statutory minimum wage of EUR 7.50 per hour would cost...

Do minimum wages reduce in-work-poverty and wage inequality? Or can alternative policies do better? We evaluate theses issues for the exemplary case of Germany that suffers from high unemployment among low-skilled workers and rising wage dispersion at the bottom of the wage distribution. We...