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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
Income and Consumption Survey (EVS) carried out in Germany. In this model the equivalence scales are identified by virtue of …
Persistent link: https://www.econbiz.de/10003670977
migration of unemployed workers in Germany. Our findings weakly indicate that reducing the entitlement length for unemployment …
Persistent link: https://www.econbiz.de/10003517267
In many econometric applications it is unclear from the very beginning whether a parametric functional of a continuous regressor should be specified as a linear, as a higher order polynomial or as a piecewise linear. Nonparametric estimators can provide relevant information as they are a...
Persistent link: https://www.econbiz.de/10003527620
We present a new method for imposing and testing concavity of a cost function using asymptotic least squares, which can easily be implemented even for cost functions which are nonlinear in parameters. We provide an illustration on the basis of a (generalized) Box-Cox cost function with six...
Persistent link: https://www.econbiz.de/10011445626
Persistent link: https://www.econbiz.de/10002137168
This paper investigates the functioning of regional labour markets in Italy and Germany for different employee groups … the West and East of Germany, we first derive theoretical hypotheses on group specific correlations between regional … Italy. In the case of Germany, results are quite sensitive to the model specification and the employee group considered. In …
Persistent link: https://www.econbiz.de/10003435419
Less than half of the people with migration background living in Germany possess foreign citizenship. Hence, using … Germany lead to better earnings prospects compared to degrees obtained abroad for persons with migration background …. Independently of gender and skill level, the estimates affirm higher earnings to educational attainment in Germany. …
Persistent link: https://www.econbiz.de/10003527626
This paper compares trends in wage inequality in the U.S. and Germany using an approach developed by MaCurdy and Mroz ….S. and Germany but there were various country specific aspects of this increase. For the U.S., we find faster wage growth … Germany. Moreover, we see a large role played by cohort effects in Germany, while we find only small cohort effects in the U …
Persistent link: https://www.econbiz.de/10003946254
distribution of income in Germany. We simulate stepwise increases in the value-added tax (VAT) rate, which are compensated by …
Persistent link: https://www.econbiz.de/10011286036