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for Germany and the United States, using cointegration analysis. In addition, private savings are modelled by a life …-cylce model nested in a model of overlapping generations. A counlry's private and government savings are idenlified as the major … factors driving the current accounl. Private savings are explained by the specified model. The concepi of a primary deßcit as …
Persistent link: https://www.econbiz.de/10010275237
Labour market flexibility is the key to sustainable economic development in advanced economies. The factor price frontier is used to analyse labour market adjustment in Ireland from the sixties to the present. The theoretical and empirical analysis lend support to the wideheld belief that...
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Based on a Cox Proportional Hazard analysis of German unemployment spells, structural change of the production process is identified as a major explanation for long-term unemployment. Other important covariates capture labor market institutions, macroeconomic stress factors, and individual...
Persistent link: https://www.econbiz.de/10010275405
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...
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