Public sector sponsored training was implemented at a large scale during the transition process in East Germany. Based on new administrative data, we estimate the differential effects of three different programs for East Germany during the transition process. We apply a dynamic multiple...

Public sector sponsored training was implemented at a large scale during the transition process in East Germany. Based on new administrative data, we estimate the differential effects of three different programs for East Germany during the transition process. We apply a dynamic multiple...

New administrative data have recently permitted a differentiated and dynamic evaluation of the employment effects of measures of further vocational training in Germany which have been conducted in the context of active labour market policy. The data available for this purpose include firstly...

"New administrative data have recently permitted a differentiated and dynamic evaluation of the employment effects of measures of further vocational training in Germany which have been conducted in the context of active labour market policy. The data available for this purpose include firstly...

With representative agents maximizing their expected Xife time Utility, it can be shown under certain functional form assumptions that consumption follows a random walk and should be cointegrated across countries, because in an optimal risk pooling arrangement agents smooth consumptions with...