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Fixed-term labour contracts were liberalised in Germany in order to raise the flexibility of the labour market. However, empirical studies using industry-level data find no significant effect of FTCs on employment adjustment. This paper investigates the impact of FTC employment on firms'...
Persistent link: https://www.econbiz.de/10013428438
market institutions and macroeconomic outcomes. Portugal occupies an unenviable rank order in such measures of the stringency …' institutional detail on the nature of employment protection in Portugal; and, second, and more substantively, by offering a detailed … analysis of the process of labor djustment in Portugal, benchmarked to other-country experience. The latter exercise based on a …
Persistent link: https://www.econbiz.de/10013428254
Persistent link: https://www.econbiz.de/10012317251
This paper reconsiders the labor market consequences of structural change over the past 43 years. Taking two different ways of defining manufacturing and service employment as point of departure - according to the industry classification of firms or establishments and according to the occupation...
Persistent link: https://www.econbiz.de/10012651531
We analyze the dramatic decline of the employment share of unskilled labor in the West German economy, in particular its relation to the relatively rigid earnings structure. We find that the substitution elasticity between unskilled and skilled labor is rather low in most sectors of the economy....
Persistent link: https://www.econbiz.de/10013428158
In the paper we analyze the convergence process of the West German Laender from 1970 to 1995 using descriptive tools as well as panel estimation methods. Although there have been some winners in this process, the main finding is that convergence was insufficient in the sense that no gains have...
Persistent link: https://www.econbiz.de/10013428207
Persistent link: https://www.econbiz.de/10003504265
Adaptation is omnipresent but people systematically fail to correctly anticipate the degree to which they adapt. This leads individuals to make inefficient intertemporal decisions. This paper concerns optimal income taxation to correct for such anticipation-biases in a framework where consumers...
Persistent link: https://www.econbiz.de/10009559801
Persistent link: https://www.econbiz.de/10010464969
Lending and borrowing interest rates are often slow to adjust to changing capital market conditions. This paper argues that national differences of the pass-through speed in the EU can be regarded as a retail-oriented indicator of financial integration. Based on an ECB database the speed of...
Persistent link: https://www.econbiz.de/10013428476