Studies of firm-level data have shown that there is a huge dispersion of productivity across firms even when industries are narrowly defined. So there is a significant opportunity for the least productive firms to catch up to the most productive. The formers’ convergence could therefore...

Erwerbsunterbrechungen führen langfristig zu geringeren Einkommen. Eine einjährige Erwerbspause vermindert das durch die Berufserfahrung erworbene Humankapital um 33 %. Die daraus resultierenden Lohneinbußen hängen jedoch nicht nur von der Dauer, sondern auch vom Timing der Unterbrechung ab.

Different stochastic simulation methods are used in order to check the robustness of the outcome of policy simulations with a macroeconometric model. A macroeconometric disequilibriummodel of the West German economy is used to analyze a reform proposal for the tax system. The model was estimated...