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This paper presents estimates of the unification bonus for East Germans over the period 1991 to 1998. The unification bonus is defined as the discounted value of the difference between a person?s actual income and his or her counterfactual real income stream forecast for a hypothetical...
Persistent link: https://www.econbiz.de/10010297766
Does the information provided by mass media have the power to persistently affect individual beliefs about the drivers of success in life? To answer this question empirically, this contribution exploits a natural experiment on the reception of West German television in the former German...
Persistent link: https://www.econbiz.de/10010310891
The macroeconomic development in West Germany in the aftermath of unification was characterized by a boom period in … 1990/1991, a deep recession in 1992/1993 and a slow recovery since then. In East Germany, in contrast, unification induced … unification are reported. The estimates are based on a disequilibrium model formerly developed for West Germany and extended in …
Persistent link: https://www.econbiz.de/10010297654
Unification fundamentally changed the terms of quantitative macroeconomic analysis for Germany. Two main areas … concerned are data availability for the eastern part of Germany and structural changes within the behavioural equations after … Germany. The challenge is to handle the structural break in the time series and the economic model by applying a SUR estimator …
Persistent link: https://www.econbiz.de/10010297659
first few quarters. This combination resulted in a major increase of imports from the main trading partners of West Germany … in other countries leading to a feedback on Germany. The paper provides a short overview over the basic model. The …
Persistent link: https://www.econbiz.de/10010297698
throughout the years 1992{2001. Wage dispersion has generally been rising. The increase was more pronounced in East Germany and … Germany, but changes in the characteristics captured better parts of the observed wage changes over time. …
Persistent link: https://www.econbiz.de/10010297539
We analyze the effectiveness of publicly financed training and retraining programs in east Germany as measured by their …
Persistent link: https://www.econbiz.de/10010297569
This paper analyzes which factors are driving the ZEW Indicator of Economic Sentiment. Using the results of a poll among survey participants as well as Granger causality tests we identify three groups of influence factors: other sentiment indicators, financial variables and real economy data. In...
Persistent link: https://www.econbiz.de/10010297299
Die Untersuchung analysiert das Sparverhalten der über 30- bis unter 50jährigen Personen bzw. Haushalte mit Haushaltsvorständen in dieser Altersgruppe in Reaktion auf erhaltene Erbschaften bzw. Transfers zu Lebzeiten. Zugrunde liegen aktuelle Daten des Sozio-oekonomischen Panels. Mittels...
Persistent link: https://www.econbiz.de/10010297351
With the establishment of the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in May 2002 Germany followed the … authority in Germany. Moreover, BaFin?s tasks and structure are discussed. …
Persistent link: https://www.econbiz.de/10010297360