"Disability insurance - the insurance against the loss of the ability to work - is a substantial part of social security expenditures in many countries. The benefit recipiency rates in disability insurance vary strikingly across European countries and the US. This paper investigates the extent...

"Disability insurance - the insurance against the loss of the ability to work - is a substantial part of social security expenditures in many countries. The benefit recipiency rates in disability insurance vary strikingly across European countries and the US. This paper investigates the extent...

"Die Arbeitsmarktpolitik der meisten OECD-Länder reagiert auf die Weltwirtschaftskrise von 1974/75 zunächst mit kurzfristig beschäftigungserhaltenden Maßnahmen. Als sich die Wachstumsraten der Vorrezessionsperiode nicht wieder einstellen, werden diese ursprünglich nur auf eine...

This paper examines the impact of downward wage rigidity (nominal and real) on optimal steady-state inflation. For this purpose, we extend the workhorse model of Erceg, Henderson and Levin (2000) by introducing asymmetric menu costs for wage setting. We estimate the key parameters by simulated...

Disability insurance - the insurance against the loss of the ability to work - is a substantial part of social security expenditures in many countries. The benefit recipiency rates in disability insurance vary strikingly across European countries and the US. This paper investigates the extent...

The aim of this paper is twofold. First, to analyze the relationship between the distribution of household income and the distribution of working time in six European countries and in the United States. The second objective is to assess how the tax and transfer systems affect the gender...