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This paper addresses the questions of what is an economically efficient pension system, what are the externalities and what are the risks of the four alternative pension systems: financial defined contribution (FDC), notional or non-financial defined contribution (NDC), financial defined benefit...
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there is a tradeoff as to efficiency and inequality with respect to services that are contracted to private companies in a …
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reevaluation of Germany's training programs of 1993 and 1994, we find that the programs considerably improve the long-run earnings …
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legal differences. This paper uses cross-state variation in Germany, whose sixteen states share the same language and legal … system, but pursue different education policies. The same results found previously across countries hold within Germany …
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. We illustrate our methodology by examining the cost efficiency of research programs in Economics and Business Management … cost efficiency differences between universities within specific specialization areas, even when using shadow prices to …
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