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replacement rate is lower than the current (post-reform) replacement rate in Germany. However, implementing the optimal …
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Efficient routines for multidimensional numerical integration are provided by quasi-Monte Carlo methods. These methods are based on evaluating the integrand at a set of representative points of the integration area. A set may be called representative if it shows a low discrepancy. However, in...
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In the paper, some empirical results from a macroeconometric disequilibrium model for the Federal Republic of Germany … of the slow adjustment of prices and quantities for the employment Situation in Germany. The slow adjustment of …
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This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step …
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The book offers an explanation of unemployment based on a model of wage bargaining between a trade union and an employers' association. The theoretical model emphasizes the importance of distributional fairness in wage negotiations, especially with regard to factor taxation. This is achieved by...
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