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Minimum wage: Many entitled employees in Germany still do not receive it

Fedorets, Alexandra; Grabka, Markus M.; Schröder, Carsten - In: DIW Weekly Report 9 (2019) 28/29, pp. 223-231

There has been a universal statutory minimum wage in Germany for a good four years, but many employees still do not receive it. This is the finding of new calculations based on the Socio-Economic Panel (SOEP), which have updated noncompliance with the minimum wage for 2017. Even conservative...

Persistent link: https://www.econbiz.de/10012042162

The low-wage sector in Germany is larger than previously assumed

Grabka, Markus M.; Schröder, Carsten - In: DIW Weekly Report 9 (2019) 14, pp. 117-124

The total number of dependent employees in Germany has increased by more than four million since the financial crisis. Part of this growth took place in the low-wage sector. Analyses based on data from the Socio-Economic Panel, which in 2017 for the first time include detailed information on...

Persistent link: https://www.econbiz.de/10011993702

Despite crises, the stability of the euro is rooted in the middle class

Bayer, Christian; Kriwoluzky, Alexander; Müller, Gernot J. - In: DIW Weekly Report 13 (2023) 29/31, pp. 217-222

In the 24 years since its introduction, the euro has experienced a financial crisis, a government debt crisis, a global pandemic, and an energy crisis-and survived. Using a model focusing on households, this Weekly Report shows that the monetary union's stability is rooted in the fact that the...

Persistent link: https://www.econbiz.de/10014367668

German economy currently scarcely making headway

Bönke, Timm; Dany-Knedlik, Geraldine; Baldi, Guido; … - In: DIW Weekly Report 13 (2023) 36/37, pp. 245-253

Following the winter recession and stagnation in the second quarter of 2023, the economic upswing is proceeding at a sluggish pace, contrary to expectations over the summer. Weak foreign demand and ongoing inflation have proven to be slowing economic growth. For the time being, private...

Persistent link: https://www.econbiz.de/10014367671

New DIW Berlin model can nowcast the current income distribution: Inequality likely to slightly increase in 2023

Bönke, Timm; Dany-Knedlik, Geraldine; Pagenhardt, Laura - In: DIW Weekly Report 13 (2023) 43/44, pp. 283-289

The unequal distribution of labor income in Germany is a hotly debated topic among policymakers and the general public … development of the income distribution as well as the effects of current economic policy measures remain oblique. That is where … in the monthly gross labor income of employees. To do so, a number of macroeconomic labor market variables, such as the …

Persistent link: https://www.econbiz.de/10014440498

DIW Berlin economic forecast: Forecast ranges from cloudy to bright

Bönke, Timm; Dany-Knedlik, Geraldine; Baldi, Guido; … - In: DIW Weekly Report 13 (2023) 50/52, pp. 305-313

The recovery of the German economy is becoming an exercise in patience. In the third quarter of 2023 the economy fared worse than expected, in particular because private households continued to spend their money conservatively despite climbing wages and falling inflation. Both private...

Persistent link: https://www.econbiz.de/10014469089

Differences in full-time work experience explain almost a quarter of the gender pay gap in management positions

Holst, Elke; Marquardt, Anne - In: DIW Weekly Report 8 (2018) 34/35, pp. 315-324

Women still earn less than men on average in Germany. This applies to management positions even more: between 2010 and 2016, there was an average gender pay gap of 30 percent in gross hourly earnings. If gender-specific differences in relevant wage determinants are excluded, a pay gap of 11...

Persistent link: https://www.econbiz.de/10011902162