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uncompensated interest rate elasticity for savings, in line with the literature, to around zero. Accordingly, any policy …. -- Consumption-savings decision ; interest rate elasticity of savings ; income uncertainty …
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This paper exploits discontinuities induced by earnings caps for social security contributions (SSC) in Germany to analyse the effect of SSC on gross labour earnings. Empirical evidence is based on two complementary approaches utilising two administrative data sets. First, employment responses...
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In this paper we investigate natural gas producer's reactions to changes in market prices. We estimate price … are not able to react to prices in the very short-run but respond inelastic in the long-run. These findings are not only …
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Labor supply in the market for low-paid jobs in Germany is strongly influenced by tax exemptions - even for individuals to whom these exemptions do not apply. We present compelling evidence that an individual's choice set depends on other workers' preferences because firms cater their job offers...
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provide a new estimate for the deduction elasticity. In sum, our results suggest that distinguishing between earnings and …
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