In the traditional model of international trade, labour market reforms in one country are often viewed as beggar-thy-neighbour policies, because they negatively affect the competitiveness and employment levels of the country's trading partners. Empirical evidence, however, suggests that this is...

Recent theoretical literature studies how labor market reforms in one country can affect labor market outcomes in other countries, thereby rationalizing widely-held policy beliefs and empirical evidence. But what is the quantitative relevance of such spillover effects? This paper combines two...

This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for postunification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...

Fears of rising wage inequality and job loss loom large in current debates on free trade. Surprisingly, however, there exists little academic research on how to compensate those who lose from free trade. This policy paper reviews the existing theoretical literature on trade and compensation, and...

In the traditional model of international trade, labour market reforms in one country are often viewed as beggar-thy-neighbour policies, because they negatively affect the competitiveness and employment levels of the country’s trading partners. Empirical evidence, however, suggests that this...

Der Ansatz favorisiert befristete Lohnkostenzuschüsse für neu eingestellte Langzeitarbeitslose bzw. für gering qualifizierte Arbeitslose. Diese sollen Arbeitgebern in Form von Einstellungsgutscheinen gewährt werden. Von der gezielten Reduzierung der Arbeitskosten versprechen sich die Autoren...

Der Ansatz favorisiert befristete Lohnkostenzuschüsse für neu eingestellte Langzeitarbeitslose bzw. für gering qualifizierte Arbeitslose. Diese sollen Arbeitgebern in Form von Einstellungsgutscheinen gewährt werden. Von der gezielten Reduzierung der Arbeitskosten versprechen sich die Autoren...