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We use futures instead of forward rates to study the complete maturity spectrum of the forward premium puzzle from two days to six months. At short maturities the slope coefficient is positive, but these turn negative as the maturity increases to the monthly level. Futures data allow us to...
Persistent link: https://www.econbiz.de/10013141467
We use futures instead of forward rates to study the complete maturity spectrum of the forward premium puzzle from two days to six months. At short maturities the slope coefficient is positive, but these turn negative as the maturity increases to the monthly level. Futures data allow us to...
Persistent link: https://www.econbiz.de/10010274182
Persistent link: https://www.econbiz.de/10010283773
across years), and use it to compare levels and patterns of relative poverty in the USA, Great Britain and Germany during the … 1990s. The higher aggregate poverty rates in the USA and in Britain relative to Germany were mostly accounted for by higher …
Persistent link: https://www.econbiz.de/10010260639
In the 1990s overtime incidence in Great Britain and West Germany is quite similar, while the average amount of hours … of overtime for full-time male workers with overtime in Great Britain is roughly twice those in Germany for all years. We … time. In Germany, we observe a remarkable decrease in the share of workers who work paid overtime and a significant …
Persistent link: https://www.econbiz.de/10010260756
novel data set of unemployed individuals in Germany containing extensive information on job search behavior and direct …
Persistent link: https://www.econbiz.de/10013138001
contributions (SSC) in Germany. Following Alvaredo et al. (2016) we exploit kinks in the budget set generated by a drop in the … reforms. Applying the approach to administrative data for West Germany facilitates a comprehensive incidence analysis between …
Persistent link: https://www.econbiz.de/10012977422
unemployment benefits in Germany, which increases from 12 months to 18 months at the age of 45, to identify the effect of extended …
Persistent link: https://www.econbiz.de/10013144461
Germany. Although the reductionof income inequality and poverty were emphasized as policy goals of the of minimumwage … introduction, the distributional literature for Germany has focusedon hourly wages and earnings or relied on ex-ante simulations …
Persistent link: https://www.econbiz.de/10012848958
minimum wage in Germany. We disentangle various factors that explain the variation in previous simulation results. Based on …
Persistent link: https://www.econbiz.de/10014204432