Die globale Wirtschaftskrise führt zu einem massiven Anstieg der Arbeitslosigkeit, und fast alle Regierungen haben die Sicherung der heimischen Beschäftigung zu einem zentralen Ziel ihrer Wirtschaftspolitik erklärt. In den USA wurde sofort nach dem Amtsantritt von Präsident Obama ein...

Of the world's 6.7 billion people (as of 2008), 1.3 billion lived on less than $1.25 Purchasing Power Parity dollars per person per day and another 1.7 billion lived on between $1.25 and $2.50 PPP dollars (Chen and Ravallion, 2012). The scourge of absolute economic misery among billions of the...

In the last few years, significant amount of research has produced evidence in support of the signaling, credential or "sheepskin" effects in rates of return to schooling for studies of the developed as well as developing countries. An example of the former is the seminal empirical work by...

Some countries fail to ensure that their citizens and businesses make an appropriate contribution to the financing of public tasks. But not all countries with a low tax ratio automatically fall into this category. This paper presents an approach to bridge the gap between probabilistic statements...

Die zunehmenden Handelsbilanzüberschüsse Chinas gegenüber den USA haben eine Diskussion darüber ausgelöst, ob der Yuan gegenüber dem US-Dollar fundamental unterbewertet sei. Der Forderung, die heimische Währung deutlich aufzuwerten, hat sich China bisher widersetzt. Das schafft gerade...

Western Europe has welcomed its new members by shutting the door in the face of the workers coming from the East and making their road to EMU more difficult. Two years down the road of enlargement, some countries are now liberalizing worker flows. Indeed, as shown in this paper, these...