We find significant differences in the mean age at death by month of birth on the basis of 15 million US death certificates for the years 1989 to 1997: Those born in fall live about 0.44 of a year longer than those born in spring. The difference depends on race, region of birth, marital status,...

This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by Clarida and Gali (1994) is used. Within this model, three structural shocks drive the dynamics of the endogenous variables: aggregate supply shocks, aggregate spending shocks, and...

"Im Jahr 1984 trat der von Präsident Ronald Reagan erlassene "Job Sharing Partnership Act" (JTPA) - das amerikanische Gegenstück zum bundesdeutschen Arbeitsförderungsgesetz - in Kraft. Das Kernstück dieser gesetzlichen Neuregelung bilden die sog. "Private Industry Councils" (PICs). Diese...

"This paper summarises, explains and evaluates the most important findings on the scale and causes of structural unemployment in Europe against the background of a standardised theoretical frame of reference. In literature, structural unemployment is usually interpreted as the unemployment that...

"Education is the 'raw material' of the knowledge-based society which is at the centre of the new neo-classical growth theory, and most of all at the heart of the evolutionary growth theory, as the innovation capabilities of economies depend on human capital. According to the more recent...

The postwar Soviet-American relations, circumscribed to the so-called period of the Cold War, represent one of the most interesting and complex chapters of the contemporary universal history. This study aims at capturing some significant snapshots that marked the two world superpowers manner of...