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Rising government debt levels around the world are raising the specter that authorities might seek to inflate away the debt. In theoretical settings where fiscal policy "dominates" monetary policy, higher debt without offsetting changes in primary surpluses should lead households to anticipate...
Persistent link: https://www.econbiz.de/10013246033
Debt-to-GDP ratios have grown to unprecedented levels in many industrialized economies. This requires disciplined consolidation efforts which are, however, supposed to come now at the wrong time with the economic recovery being fragile. Against this background, we call for a global debt brake...
Persistent link: https://www.econbiz.de/10013067052
Unites States of America (USA). We confirm the heterogeneity of Okun's coefficient across country, and its time … and USA in between. Policy wise, we claim that austerity policies may have unexpected adverse effects on job creation if …
Persistent link: https://www.econbiz.de/10012864881
We analyze potential effects of demographic change and political constellations on higher education spending. In our panel analysis of west German states (Laender) for the period 1985 to 2002 we find empirical evidence for the hypothesis of a negative relationship between demographic aging and...
Persistent link: https://www.econbiz.de/10012779062
Against the background of the current discussion on the introduction of statutory minimum wages in Germany, this paper … from a structural labor demand model, the empirical results imply that the introduction of minimum wages in Germany will be …
Persistent link: https://www.econbiz.de/10013324742
Based on a sample of 467 asset managers from four countries we robustly find that women manage smaller funds than men, despite tough competition in this industry. Interestingly, the gender gap exists only for managers of smaller funds, i.e. at the lower end of the hierarchy, as quantile...
Persistent link: https://www.econbiz.de/10013147545
, Ireland, Netherlands, Norway, Spain, Sweden, Switzerland, UK; 3) a neutral role - Denmark and Italy; and 4) a negative impact … - Germany and Greece. We thus find that in most countries dispersion in earnings increases with educational levels and that …
Persistent link: https://www.econbiz.de/10013321313
the first evaluation of the impact of global terror on human welfare. We combine panel datasets for Australia, Germany …, Russia, Switzerland, the UK and the US. Individual well-being information for 750,000 individual x year observations …
Persistent link: https://www.econbiz.de/10012915718
net costs of training apprentices are substantial in Germany, whereas apprenticeship training is on average profitable … during the training period for firms in Switzerland, even though the two training systems are rather similar. This paper … between the two countries can be explained by a higher share of productive tasks allocated to apprentices in Switzerland and …
Persistent link: https://www.econbiz.de/10013324823
This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the …
Persistent link: https://www.econbiz.de/10013139060