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Which Program for Whom? Evidence on the Comparative Effectiveness of Public Sponsored Training Programs in Germany

Biewen, Martin - 2008

We use a new and exceptionally rich administrative data set for Germany to evaluate the employment effects of a variety … dynamic selection into programs. Our results suggest that in West Germany both short-term and medium-term programs show … exceptions, we find little evidence for significant positive treatment effects in East Germany. There is some evidence that the …

Persistent link: https://www.econbiz.de/10012773490

Deja Vu? Short-Term Training in Germany 1980-1992 and 2000-2003

Fitzenberger, Bernd - 2008

Short-term training has recently become the largest active labor market program in Germany regarding the number of … paper estimates the effects of short-term training programs in West Germany starting in the time period 1980 to 1992 and …

Persistent link: https://www.econbiz.de/10012771630

Get Training or Wait? Long-Run Employment Effects of Training Programs for the Unemployed in West Germany

Fitzenberger, Bernd; Osikominu, Aderonke; Voelter, Robert - 2021

estimates the long-run differential employment effects of three different types of training programs in West Germany. We use …

Persistent link: https://www.econbiz.de/10013317595

Evaluating the Dynamic Employment Effects of Training Programs in East Germany Using Conditional Difference-in-Differences

Bergemann, Annette; Fitzenberger, Bernd; Speckesser, Stefan - 2021

This paper evaluates the effects of Public Sponsored Training in East Germany in the context of reiterated treatments …

Persistent link: https://www.econbiz.de/10013319240

End-of-Year Spending and the Long-Run Employment Effects of Training Programs for the Unemployed

Fitzenberger, Bernd - 2017

participation caused by budget rules in Germany in the 1980s and early 1990s, resulting in the infamous "end-of-year spending". In …

Persistent link: https://www.econbiz.de/10012966067

Asset Pricing in the Frequency Domain : Theory and Empirics

Dew-Becker, Ian - 2013

In affine asset pricing models, the innovation to the pricing kernel is a function of innovations to current and expected future values of an economic state variable, for example consumption growth, aggregate market returns, or short-term interest rates. The impulse response of this priced...

Persistent link: https://www.econbiz.de/10013076563

Systemic Risk and the Macroeconomy : An Empirical Evaluation

Giglio, Stefano - 2015

This article evaluates a large collection of systemic risk measures based on their ability to predict macroeconomic downturns. We evaluate 19 measures of systemic risk in the US and Europe spanning several decades. We propose dimension reduction estimators for constructing systemic risk indexes...

Persistent link: https://www.econbiz.de/10013027685

Hedging Macroeconomic and Financial Uncertainty and Volatility

Dew-Becker, Ian; Giglio, Stefano; Kelly, Bryan T. - 2021

We study the pricing of uncertainty shocks using a wide-ranging set of options that reveal premia for macroeconomic risks. Portfolios hedging macro uncertainty have historically earned zero or even significantly positive returns, while those exposed to the realization of large shocks have earned...

Persistent link: https://www.econbiz.de/10013224964