Even though the 2008/09 economic crisis had only minor employment effects on the German labor market, it might have affected firms’ further training and apprenticeship training behavior. From a theoretical point of view, the impact of the business cycle on firms’ training behaviour is...

This paper investigates the development of skill shortages during the period 2007-2012. Using the German Establishment Panel of the Institute for Employment Research (IAB), we find differences across the years before, during and after the Great Recession. Furthermore, we analyze the importance...

Die Studie untersucht die Entwicklung und Determinanten des Churnings als Mass fuer den Grad der ‚Offenheit‘' von Beschaeftigungssystemen. Churning misst den Teil der Personalfluktuation, der nicht zu einer Beschaeftigungsaenderung im Betrieb fuehrt. Anhand der Entwicklung der Churningrate...

To sustain growth in an aging economy, it is important to ease the financing of small firms by bank loans. Using bank internal data of small business loans in Germany, we examine the determinants of loan rates in the period 1995-2010. Beyond characteristics of the firm, the loan contract, and...

We extend the single-sector endogenous growth model to allow for a general demographic structure. The model shows that due to the “generational turnover term,” the equilibrium growth rate is less than that of a representative agent model. We find the local dynamics about the balanced growth...

Demographic change in Germany, as one of the megatrends of the 21st century, is a well-known fact which will, without a doubt, profoundly change the country’s social and economic situation and challenge our whole economic system. Spurred by statements by press and political representatives,...

Many economic decisions implicitly or explicitly rely on a projection of the medium- or long-term economic development of a country or region. In this paper, we provide a federal long-run projection model for Germany and the German states. The model fea-tures a top-down approach and, as major...