Die vorliegende Arbeit untersucht, welchen Beitrag die sogenannten Konvergenzregressionen einerseits und die Schätzungen von Markov-Ketten andererseits zur Klärung der Frage leisten können, ob die regionalen Pro-Kopf-Einkommen in Westdeutschland seit Mitte der siebziger Jahre konvergiert oder...

Bivariate SVAR models employing long-run identifying restrictions are often used to investigate the source of business cycle fluctuations. Their advantage is the simplicity in use and interpretation. However, their low dimension may also lead to a failure of the identification procedure, with...

This paper compares the aggregate effects of sectoral reallocation in the United States and Western Germany using a stochastic volatility model of sectoral employment growth. Reallocative shocks have no effect on the natural rate of unemployment in either country, and there is mild evidence that...

The paper measures income elasticities of demand for manufacturing imports in China since 1990 disaggregated by major trading partners such as the US, Japan, Germany and rest of the EU. German exporters seem to have benefited from the hightest demand elasticities. The paper proposes explanatory...

Processes of social opinion formation might be dominated by a set of highly influential agents acting as 'opinion leaders'. Here we explore whether such a perspective could shed light on the dynamics of a well known economic sentiment index. To this end, we hypothesize that the respondents of...

This paper studies the employment effects of the influx of millions of German expellees to West Germany after World War II. The expellees were forced to relocate to post-war Germany. They represented a complete cross-section of society, were close substitutes to the native West German...

This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...

This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the United States. The contribution is twofold. First, we provide an update of older U.S. studies and confirm the view that the extensive margin (i.e., the adjustment in the number...

Dieses Papier erläutert die praktische Umsetzung des Konzeptes der Einstellungsgutscheine (Kieler Arbeitspapier 1302 "Comparing the Effectiveness of Employment Subsidies" von Alessio Brown, Christian Merkl und Dennis Snower). Nach unserem Konzept werden den Arbeitgebern bei der Einstellung von...