We study the welfare effects of disability insurance (DI) and derive social-optimality conditions for the two main DI policy parameters: (i) DI eligibility rules and (ii) DI benefits. Causal evidence from two DI reforms in Austria generate fiscal multipliers (total over mechanical cost...

We design a statistical model for measuring the homogeneity of a financial network that evolves over time. Our model focuses on the level of diversification of financial institutions; that is, whether they are more inclined to distribute their assets equally among partners, or if they rather...

What determines whether or not multinational firms transplant the mode of organisation to other countries? We embed the theory of knowledge hierarchies in an industry equilibrium model of monopolistic competition to examine how the economic environment may affect the decision of multinational...

This bibliometric analysis of the global presence of Austrian political science (104 senior political scientists) is based on Scopus and OCLC Worldcat. Our global market presence indicators are:• The number of articles indexed in Scopus• The total number of quotations documented in Scopus•...

We consider the essential features of an Austrian macroeconomic model and then ask whether these features are unique. We argue that the temporal aspect of the structure of production is not an essential feature. Malinvestments in any dimension (e.g., time, geography, type, etc.) can generate the...

Investment is a function of expected profit, which involves calculation of the cost of trust. Blockchain technology is a new institutional technology (Davidson et al 2018) that industrialises trust (Berg et al 2018). We therefore expect that the adoption of blockchain technology into the economy...

Nonemployment is often posited as a worker's outside option in wage setting models such as bargaining and wage posting. The value of nonemployment is therefore a key determinant of wages. We measure the wage effect of changes in the value of nonemployment among initially employed workers. Our...

Der Kfz-Bereich ist für den Bezirk Steyr und die angrenzenden Regionen von besonderer Bedeutung. Ebendiese Bedeutung für Standortraum und Regionalwirtschaft soll durch das vorliegende Projekt dargestellt werden, wobei sowohl die direkten als auch die indirekten Verflechtungen - also die...

Der drastische Einbruch der Wirtschaftsleistung im Frühjahr 2020 hat den Arbeitsmarkt stark unter Druck gesetzt. Als unmittelbare Reaktion auf die Krise setzten zahlreiche Länder auf Kurzarbeitsmodelle, um durch eine Stabilisierung der Beschäftigung die sozialen Kosten der Krise zu begrenzen....

Viele europäische Länder stehen vor der wichtigen Herausforderung, geringqualifizierte beschäftigungslose Jugendliche in den Arbeitsmarkt zu integrieren. Das Arbeitsmarktservice (AMS) Wien testete in den Jahren 2018 bis 2020 mittels eines kontrollierten Zufallsexperiments ein neues Modell...