In the past the first expenditure to be cut during an economic downturn was capital expenditure. However, the cuts in capital expenditure of the late 1980’s and 90’s had left Ireland with an infrastructure deficit. This note highlights a number of important issues, which should be considered...

This paper addresses the implications of transitory changes in labor market conditions for low versus high educated workers on the decision to acquire education. To identify this effect, I use the improvement in the labor market prospects of low educated workers motivated by the increases in...

Ende 2005 hat das ifo Institut seine neueste Bauvorausschätzung Deutschland, eine zehnjährige Prognose der Bautätigkeit nach Sparten, vorgelegt. Danach fängt vor allem der Wirtschaftsbau derzeit die lange Talfahrt der Bautätigkeit auf. Die mittelfristigen Aussichten sind im gewerblichen Bau...