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This paper investigates a unique policy designed to maintain employment during the privatization of East German firms …
Persistent link: https://www.econbiz.de/10014384451
within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …
Persistent link: https://www.econbiz.de/10012287966
In recent years, "public interest law" (PIL) has become a frequent component in conversations about law and policy around the globe. While this worldwide manifestation of a professional and political script that thus far seemed to be typically so American suggests a remarkable process of...
Persistent link: https://www.econbiz.de/10012060042
Public disability insurance (DI) programs in many countries face pressure to reduce their generosity in order to remain sustainable. In this paper, we investigate the welfare effects of giving a larger role to private insurance markets in the face of public DI cuts. Exploiting a unique reform...
Persistent link: https://www.econbiz.de/10013175106
Persistent link: https://www.econbiz.de/10000587064
investment. This paper shows how the combination of early privatization of the banking system plus financial restructuring of … Privatisierung des Bankensystems und der Wiederaufbau einer finanziellen Basis in den Unternehmen durch die Treuhand ein "Faule …-Kredite-Problem" in Ostdeutschland verhinderten. Die Verdienste der Banken als große Anteilseigner in privatisierten Unternehmen sind in …
Persistent link: https://www.econbiz.de/10011417544
More than 25 years after German reunification, key economic indicators for households living in eastern German regions are still below the western German levels. This particularly holds for private net wealth, which reaches only about 40% of the western German level. However, a more granular...
Persistent link: https://www.econbiz.de/10012101276
We investigate the long-run effects of government surveillance on civic capital and economic performance, studying the case of the Stasi in East Germany. Exploiting regional variation in the number of spies and administrative features of the system, we combine a border discontinuity design with...
Persistent link: https://www.econbiz.de/10012120010
Using data from the longitudinal Labor Market Monitor for the New German States we provide a portrait of East-West commuters in the first year after unification and evaluate various hypotheses to explain the phenomenon. Commuters may be driven by the search for higher wages in the west or by...
Persistent link: https://www.econbiz.de/10011619236