In a Keynesian mode of thinking wages become the nominal anchor for the price level because unit-labour costs in a closed economy represent the most important factor in determining the price level. The second most important driver of price level changes is the exchange rate. A positive economic...

As a bottom-up approach, a Job Guarantee policy can tackle the issue of unemployment on the macroeconomic, socioeconomic, and individual level in a unique way and promote the social inclusion of the unemployed. This paper aims at analysing the potential obstacles - namely inflationary pressure...

This paper analyses (age-adjusted) employment rates by gender and education. We find that malefemale gender gaps and high-low education gaps in employment vary markedly across European Union (EU) countries and regions, with larger gaps existing in Eastern and Southern Europe than in Nordic and...

In 2009, Germany invested 15.4 Billion Euro in infrastructure to avert the looming recession. In this study, we evaluate whether the German stimulus program was successful in limiting the impact of the crisis on the job market. We exploit exogenous cross-sectional variation to identify the...

More than just a few politicians and scientists see an imbalance in policy's primary orientation toward economic goals, especially the Gross Domestic Product (GDP). In view of scientific and public discourses on prosperity, this report analyzes how voting-eligible Germans, the electorate, rated...

Nicht wenige PolitikerInnen und WissenschaftlerInnen sehen in einer primären Ausrichtung der Politik an ökonomischen Wohlstandsindikatoren eine Schieflage. Angesichts wissenschaftlicher und öffentlicher Diskurse zum Thema Wohlstand analysiert dieser Bericht, wie die Wahlberechtigten in...

Zahlreiche Menschen, Politiker und Wissenschaftler in Deutschland glauben, dass das Bruttoinlandsprodukt, kurz BIP, als Maßzahl für gesellschaftlichen Wohlstand überholt sei. Deshalb hat der Deutsche Bundestag Ende 2010 eine Studien-Kommission (Enquete- Kommission) eingerichtet, die den...

Numerous people in Germany, including politicians and researchers, believe that the gross domestic product (GDP) is an outdated indicator of a society's prosperity. Therefore, at the end of 2010, the German Bundestag, the federal parliament, established a study commission (Enquete-Kommission)...

Plenty of people in Germany, including politicians and researchers, believe that gross domestic product (GDP) is an outdated indicator of a society's prosperity. Therefore, at the end of 2010, the German Bundestag, the federal parliament, established a study commission (Enquete Kommission)...