With banking sectors worldwide still suffering from the effects of the financial crisis, public discussion of plans to place toxic assets in one or more bad banks has gained steam in recent weeks. The following paper presents a plan how governments can efficiently relieve ailing banks from toxic...

Labor market programs may affect unemployed individuals' behavior before they enroll. Such ex ante effects may differ according to ethnic origin. We apply a novel method that relates self-reported perceived treatment rates and job search behavioral outcomes, such as the reservation wage or...

With the Hartz reforms active labor market policies in Germany were overhauled considerably. The paper reviews the recent evaluation findings and draws some conclusion for the future setup of active labor market policies in Germany. It argues in favor of a streamlined repertoire of active labor...