When labor markets are imperfectly competitive, firms may be willing to finance general training if the wage structure is compressed, that is, if the increase of productivity after training is greater than the increase in pay. We propose a novel way of testing this proposition, which exploits...

Die Politik billigen Geldes in den USA hat - verbunden mit anderen Versäumnissen, insbesondere im Bereich der Bankenregulierung, sowie einer daraus resultierenden Intransparenz auf den internationalen Finanzmärkten - zur aktuellen Finanz- und Wirtschaftskrise geführt. Dem FED ist daher der...

In the context of Turkey's accession to the EU, the issue of potential migration from Turkey and its impact upon European labor markets became one of the concerns of the EU, considering Turkey's growing population and young labor force. In 2011, half a century after the bi-lateral agreement...

For many years women tended to vote more conservative than men (the 'old' gender vote gap), but since the 1980s this gap in many countries has shifted direction: now women in many countries are more likely to support left parties than men of the same age, in the same income bracket, and at the...

Based on the approach advanced by Elliott et al. (Rev. Ec. Studies. 72, 1197-1125), we found that the loss function of a sample of oil price forecasters is asymmetric in the forecast error. Our findings indicate that the loss oil price forecasters incurred when their forecasts exceeded the price...

The competition rules and policy framework of the European Union represents an important institutional restriction for doing sports business. Driven by the courts, the 2007 overhaul of the approach and methodology has increased the scope of competition policy towards sports associations and...

In this paper, we discuss the latest generational accounting results for 12 of the 15 EU member states, which were prepared on behalf of the European Commission by an international team of experts. We proceed as follows: Section 2 summarises the characteristic features of the standardised...

Seit April dieses Jahres hat sich das Infektionsgeschehen mit dem Coronavirus in Deutschland deutlich verlangsamt und der Fortschritt bei den Impfungen gegen Covid­19 an Tempo gewonnen. Damit dürften die bestehenden wirtschaftlichen Beschränkungen allmählich aufgehoben werden, so dass einer...