This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis that sectoral shocks are at the root of merger waves....

The flight and expulsion of Germans from Eastern Europe during and after World War II constitutes one of the largest forced population movements in history. We analyze the economic integration of these forced migrants and their offspring in West Germany. The empirical results suggest that even a...

We merge German balance-of-payments and foreign-affiliate-trade statistics to obtain data about trade in commercial services at the firm level. We use these data to study export market participation and the choice of export mode: cross-border versus foreign affiliate sales. We find that for...

Trade in intermediate goods as one possible link between rising trade and foreign direct investment is examined. To explain growing intermediate goods trade, three hypotheses are brought forward: outsourcing, global sourcing and the increasing importance of MNE networks. These hypotheses are...

Globalization has affected the integration of markets through many different channels, including movements of factors and trade in goods. From a theoretical point of view, the interaction between the different channels of integration can take different forms. The aim of this paper is to analyze...

Die vorliegende Arbeit befaßt sich mit den Effekten beruflicher Weiterbildung auf die Entlassungswahrscheinlichkeit und die Wahrscheinlichkeit eigenmotivierter Kündigungen westdeutscher Arbeitnehmer. Als Datengrundlage dient das Sozio-oekonomische Panel (SOEP) 1984?1999. Zur Berücksichtigung...

This paper investigates the reservation wages of unemployed persons on the basis of a job-search model with non-static reservation wages using panel data from Germany from 1987 to 1998. The results suggest that reservation wages are relatively high in Germany compared to other countries....

This paper studies the reservation wages of unemployed persons and the wages offered them in Germany from 1987 to 1998, whereby special focus is placed on unemployment duration. The results of the study indicate that in contrast to reservation wages, offered wages decline considerably with...

Spiegeln in Befragungen ermittelte Reservationslöhne valide das wider, was nach der Suchtheorie zu erwarten wäre? Um diese Frage beantworten zu können, werden auf Basis der stationären Suchtheorie unter zu Hilfenahme von empirisch ermittelten Beobachtungen über den Sucherfolg von...

Der vorliegende Beitrag untersucht den Einfluss erfragter Reservationslöhne zu Anfang der Arbeitslosigkeit auf die Gesamtdauer bis zu einem Übergang in eine Erwerbstätigkeit auf Basis des GSOEP (2000) für Westdeutschland. Dabei findet die Selektivität im Vorliegen von...