In den drei großen europäischen Ländern Deutschland, Frankreich und Großbritannien sowie in den USA stellen Einwanderer einen beträchtlichen Teil der Bevölkerung. Die Lage von Einwanderern am Arbeitsmarkt ist in all diesen Ländern im Schnitt deutlich schlechter als die Lage von...

The prospects for labour supply in Europe are considered. The analysis begins with a so-called labour market balance covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force participation are given in the second part of the...

If the technological revolution which has taken place over the past decades has lowered information costs and if information costs increase in distance, distance should – ceteris paribus – become less important in determining international bank lending. We are using a dataset on assets and...

A contingent claims valuation model which allows to highlight the implications of program trading in spot markets for the pricing of European-style foreign currency options and for the volatility strike structure implicit in these contracts is devoloped. The curvature of the volatility strike...

We propose a framework for comparing the relationship between poverty and personal characteristics across countries (or across years), and use it to compare levels and patterns of relative poverty in the USA, Great Britain and Germany during the 1990s. The higher aggregate poverty rates in the...

This paper compares child poverty dynamics cross-nationally using panel data from seven nations: the USA, Britain, Germany, Ireland, Spain, Hungary and Russia. As well as using standard relative poverty definitions the paper examines flows into and out of the poorest fifth of the children?s...

Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment (with rather stable wage inequality) have led to a popular view in the economics profession that these two phenomena are related to negative relative demand shocks against the...