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" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical … is made to estimate a NAIRU for Germany based on conventional Phillips curves as well as on new approaches such as using …
Persistent link: https://www.econbiz.de/10011448601
We analyze different alternatives how a common unemployment insurance system for the euro area (EA) could be designed and assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the...
Persistent link: https://www.econbiz.de/10010425498
We present evidence for a highly significant interaction between state dependence in individual unemployment risk and the business cycle. The disadvantage from having been unemployed in the previous period is smaller in times of relatively high unemployment and larger in times of low...
Persistent link: https://www.econbiz.de/10003745095
On the basis of a theoretical model, we argue that higher aggregate unemployment affects individual returns to education. We therefore include aggregate unemployment and an interaction term between unemployment and the individual education level in a standard Mincer equation. Our results show...
Persistent link: https://www.econbiz.de/10003328091
Persistent link: https://www.econbiz.de/10003283507
Persistent link: https://www.econbiz.de/10003314698
The paper analyses the potential impact of stock market developments on lending behaviour from different perspectives. First we scrutinize the impact of stock market movements on the banks’ and on the borrowers’ balance sheets. Subsequently we estimate aggregate credit supply and demand...
Persistent link: https://www.econbiz.de/10003342766
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/10003338016
In this paper, we analyze oil price impacts on unemployment for Germany. Firstly, we survey theoretical and empirical … framework of a vector autoregression (VAR) approach for Germany. For this purpose, we use three different specifications in … restricted sample period for post-unification Germany, we oppose claims that the oil to macroeconomy relationship has weakened …
Persistent link: https://www.econbiz.de/10003806166
periods and the size of unemployment benefits on unemployment durations and post{unemployment earnings in West Germany. For …
Persistent link: https://www.econbiz.de/10003435417