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Industrial relations are in flux in many nations, perhaps most notably in Germany and Britain. That said, comparatively … in Germany and still less in both countries about firm transitions between these institutions over time. The present … and the erosion of sectoral bargaining in Germany, and identify the respective roles of behavioral and compositional …
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This paper investigates under which conditions firms use fixed-term contracts, subcontracted and freelance work. Using a probit model which accounts for unobserved heterogeneity, we find that positive changes in expected or actual turnover are associated with a higher probability of employing...
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We develop a macroeconomic portfolio stress test that is specifically geared towards small and medium-sized banks. We combine a credit risk stress test which simulates credit impairments via a CreditMetrics type multi-factor portfolio model with an income stress test in the form of dynamic panel...
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