Der Einfluß verschiedener Variabler auf die Arbeitskosten wird untersucht. Branchendaten werden disaggregiert. So können Einfluß und Größenordnung klar definiert werden. Folgende Faktoren wurden untersucht: Ausbildungsgrad, Alter, Beschäftigungsdauer, Wirtschaftskonzentration, Anzahl der...

The Single Parent Law introduced in 1992 grants single parents special treatment, primarily under the Income Support Law. In 1994 and 1995 additional legislative changes eased the terms of eligibility of this segment of the population. These changes increased the size of welfare benefits and...

This paper presents an analysis of persistent growth episodes in Israel during the years 1961-2008. The analysis uses, in addition to the standard variables, a new index of the quality of macroeconomic management. The quality of macroeconomic management turns out to have a significant impact on...

Comparing the two significant recessions Israel experienced over the last decade, we highlight the importance of sustained fiscal discipline and credible monetary policy during normal times for expanding the set of policy options available at a time of need. In the first recession Israel was...

In this paper we describe and analyze the intervention by the Bank of Israel (BOI) in the foreign exchange market during 2008-11. The purchases started in March 2008 with a fixed daily amount of $25 million, and were increased in July to a daily amount of $100 million. In August 2009, the BOI...

This paper estimates the effects of equipment investment on relative wages and employment of skilled labor and explores their dynamics. The basic hypothesis is that they are positive, due to either equipment-skill complementarity or to skill advantage in technology adoption. Using a panel data...

The focus of this paper is the link between income volatility and the accumulation of human capital in the presence of credit constraints. Also, the effect of income inequality on the accumulation of human capital within the same framework is studied.