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non-participation, as a distinct state from unemployment and employment, is determined by the welfare system in … such as education, skill degradation, age, labor market shocks, labor taxes, unemployment insurance benefits and social … assistance. We extend our framework by allowing for time-inconsistent choices and demonstrate the possibility of an unemployment …
Persistent link: https://www.econbiz.de/10010264931
We investigate official and implicit nominal anchors for six Central and Eastern European countries during 1994 to 2002. Most of these countries have moved from fixed to more flexible regimes and adopted a form of inflation targeting. Achieving their new official targets has had mixed success....
Persistent link: https://www.econbiz.de/10010317614
, was to reduce the lack of jobs and to increase welfare. Facing persistently increasing unemployment rates from then on … handle the problem of unemployment and of the main changes in the country?s laws of social contributions. Particular focus is … given to the newly established unemployment benefit II and to the ?reasonableness? of work, which reflects a new social …
Persistent link: https://www.econbiz.de/10010262933
In this article we provide evidence for a rational bubble in S\&P 500 stock prices by applying a test for changing persistence under fractional integration proposed by Sibbertsen and Kruse (2007). We find strong evidence for stationary long memory before the estimated change point in 1955 and a...
Persistent link: https://www.econbiz.de/10010265683
Der Europäische Gerichtshof wird in absehbarer Zeit darüber urteilen, ob das im deutschen Apothekengesetz festgeschriebene Fremdbesitzverbot einen Eingriff in die Niederlassungsfreiheit darstellt bzw. die Freiheit des Kapitalverkehrs beeinträchtigt. Nach europäischem Recht genießen...
Persistent link: https://www.econbiz.de/10010300227
Persistent link: https://www.econbiz.de/10010305112