Die neue Bundesregierung steht in der kommenden Legislaturperiode vor großen wirtschaftspolitischen Herausforderungen. Zwar war die deutsche Wirtschaftsentwicklung in den letzten Jahren überraschend positiv. Hervorzuheben sind vor allem die starke Zunahme der Beschäftigung und die schnelle...

This paper examines some recent techniques designed to draw inferences about the credibility of changes in macroeconomic policy regimes. An alternative two-step approach, based on the decomposition between permanent and transitory components of a "credibility variable" is proposed. The...

We examine the role of ill-health in retirement decisions in Britain, using the first eight waves of the British Household Panel Survey (1991-98). As self-reported health status is likely to be endogenous to the retirement decision, we instrument self-reported health by a constructed Ѩealth...

Established theories in international business come to different conclusions when specifically applied to the analysis of the international activities of start-up companies in high-technology industries. Using a new dataset of 495 British and German start-ups operating in high-technology...