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In this paper the outlier robust GMM panel data estimator recently proposed by Lucas, van Dijk, and Kloek (1994) is applied to an Euler equation model of firm investment behaviour with imperfectly competitive product markets for a small panel of German nonfinancial stock companies. Plots for...
Persistent link: https://www.econbiz.de/10011440610
In this paper we empirically analyze the permanent price impact of trades by investigating the relation between unexpected net order flow and price changes. We use intraday data on German index futures. Our analysis based on a neural network model suggests that the assumption of a linear impact...
Persistent link: https://www.econbiz.de/10011441131
, Germany maintains an extensive bad weather allowance system. Since the mid 1990s, these regulations have been subject to …
Persistent link: https://www.econbiz.de/10003784704
Persistent link: https://www.econbiz.de/10003314698
In recent years, coinciding with the discussion led in many OECD countries, Germany has started to contract out … contracted out so far in Germany. In this paper a microeconometric evaluation of this system using propensity score matching is …
Persistent link: https://www.econbiz.de/10003314709
In a long-run social experiment, personal budgets have been tested as an alternative to the home care programs of the German long-term care insurance (LTCI). Due to extending the coverage beyond LTCI approved services and agencies, personal budgets may improve care outcomes compared to the...
Persistent link: https://www.econbiz.de/10003793896
This contribution empirically explores the drivers of labour market reform acceptance for the individual level in … Germany. For that purpose we make use of the representative German General Social Survey (ALLBUS). This survey offers data to … in the former German Democratic Republic drive individual reform preferences. Our empirical results support this notion …
Persistent link: https://www.econbiz.de/10003806186
Recent labor market reforms in Germany aim, among other things, at reducing unemployment by restricting passive …
Persistent link: https://www.econbiz.de/10003404769
In 1997, the German government enacted a reform of the unemployment insurance system which lead to a reduction of the … maximum entitlement length for unemployment benefits. The paper analyses the effects of this reform on the risk of … the unemployment benefits scheme. We show that the reform effectively reduced the amount of early retirement at the …
Persistent link: https://www.econbiz.de/10003671087
We estimate the effects of the reform of the German Unemployment Insurance that replaced the wage related Unemployment … impact of the reform. …
Persistent link: https://www.econbiz.de/10003618892