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Stringent labor laws can provide firms a commitment device to not punish short-run failures and thereby spur their employees to pursue value-enhancing innovative activities. Using patents and citations as proxies for innovation, we identify this effect by exploiting the time-series variation...
Persistent link: https://www.econbiz.de/10012462173
West Germany's Employment Promotion Act of 1985 facilitated the use of fixed term contracts and increased the number of …
Persistent link: https://www.econbiz.de/10012474090
This paper studies household financial choices in four euro area countries. The goal of the analysis is to understand … household income and asset market returns, has a differential impact on individuals within and across countries. Generally, poor … policy-induced variations in stock returns. Finally, monetary contractions have a larger impact on consumption in Germany and …
Persistent link: https://www.econbiz.de/10012480733
-durable goods and services in subsequent months as well as to engage in fewer purchases of larger items such as package holidays or … luxury goods. Moreover, uncertainty reduces household propensity to invest in mutual funds. These results support the notion … that macroeconomic uncertainty can impact household decisions and have large negative effects on economic outcomes …
Persistent link: https://www.econbiz.de/10012496179
A brief historical overview of the household equipment revolution and the women who transformed the home in Germany and …
Persistent link: https://www.econbiz.de/10014512107
This paper studies green investing in a quantitative asset pricing model with heterogeneous investors calibrated using high-quality, representative survey data of German households. We find substantial heterogeneity in green taste for both safe and risky green assets throughout the wealth...
Persistent link: https://www.econbiz.de/10014576644
This paper examines how labor income volatility and social security benefits can influence lifecycle household …
Persistent link: https://www.econbiz.de/10012462970
We develop a dynamic politico-economic theory of welfare state and immigration policies, featuring three groups of voters: skilled workers, unskilled workers, and old retirees. The welfare-state is modeled by a proportional tax on labor income to finance a demogrant in a balanced-budget manner...
Persistent link: https://www.econbiz.de/10012463052
We develop a dynamic politico-economic theory of welfare state, featuring three groups of voters: skilled workers, unskilled workers, and old retirees. The welfare-state is modeled by a proportional tax on labor income to finance a demogrant in a balanced-budget manner to capture the essence of...
Persistent link: https://www.econbiz.de/10012463863
of an intervention to reduce mistreatment of Filipino women working as domestic workers (DWs) by their household …
Persistent link: https://www.econbiz.de/10013477296