Using panel data for West Germany and Great Britain, we show that there are striking differences in overtime work and overtime compensation in the two countries in the 1990s. Our estimates reveal that the observed overtime patterns affect both the evolution of the monthly labour earnings...

Dieses Papier untersucht die politisch-ökonomischen Gründe für die Ablehnung eines Versicherungspflicht für Elementarschäden in Deutschland. Nach einer Darlegung der ökonomischen Vorteilhaftigkeit und der Grundzüge eines praktikablen Modells einer Elementarschadenversicherungspflicht...

Typically, laboratory experiments suffer from homogeneous subject pools and selfselection biases. The usefulness of survey data is limited by measurement error and by the questionability of their behavioral relevance. Here we present a method integrating interactive experiments and...

This paper studies the politico-economic reasons for the refusal of a proposed compulsory flood insurance scheme in Germany. It provides the rationale for such scheme and outlines the basic features of a market-orientated design. The main reasons for the political down-turn of this proposal were...