Die Herausforderung: Steigender Anpassungsdruck durch die Globalisierung der Märkte Die Globalisierung der Märkte wird in Europa vor allem deswegen als schmerzhaft empfunden, weil sie mehr Flexibilität auf den besonders geschützten Arbeitsmärkten erfordert. Unter Druck geraten vor allem...

The international empirical evidence on the economics of education reveals one central insight and two puzzles, which are all relevant for the case of the Baltic States. The central insight is that social rates of return to education tend to be higher than the social opportunity costs of...

The strikingly different labor market performance of major industrial countries suggests that neither globalization nor skill-biased technological change necessarily result in rising unemployment or declining wages of low-skilled workers. Rather, globalization and technological change cause...

In der Diskussion um die hohe Arbeitslosigkeit geben in der Bundesrepublik die Pessimisten den Ton an. Niedrige Wachstumsraten und ein hohes Rationalisierungstempo, so lautet das Standardargument, würden den Mangel an Arbeitsplätzen weiter vergrößern. Dies muß nicht so sein. Am Beispiel des...

Globalization improves the prospects for developing countries (DCs) to catch up economically with industrialized countries. But not all DCs will automatically benefit from globalization. Some DCs even face the risk of being delinked from the international division of labor. Differences in DC...

We show that the specification of technology differences in recent empirical studies of trade is not supported by basic growth theory and may lead to biased estimates of the pattern of specialization and trade.

We find a U-shaped relation between happiness and religiosity in cross-country panel data after controlling for income levels. At a given level of income, the same level of happiness can be reached with high and low levels of religiosity, but not with intermediate levels. A rise in income causes...

We combine the augmented Solow model with the Mincer equation to derive a specification that identifies an education externality within a production function framework. The previous empirical literature has not reached a consensus about the size of the education externality, which is given by...