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Fully-Funded Public Old Age Pension Programs - Stranger Than Paradise?

Hahn, Franz R. - 2003

This paper discusses two topics which are at the very center of the ongoing political debate on public pension reform. First, we deal with the puzzle that there is a public pension system at all from a purely neoclassical point of view. Second, we address the issue which is considered the...

Persistent link: https://www.econbiz.de/10011435133

The Impact of Inequality on Economic Growth

Leoni, Thomas; Pollan, Wolfgang - 2003

Persistent link: https://www.econbiz.de/10011435141

WTO Dispute Settlement: An Economic Analysis of four EU-US Mini Trade Wars

Breuss, Fritz - 2004

Since its inception in 1995, more than 312 disputes have been raised under the WTO Dispute Settlement System. Despite the obvious success of this system, several shortcomings call for a revision under the auspices of the Doha Development Round. With a computable general equilibrium model we...

Persistent link: https://www.econbiz.de/10011435167

Measuring Worker Flows

Huber, Peter; Smeral, Kristin - 2007

We explore differences between two measurement concepts of worker flows widely used in the literature referred to as the turnover and reallocation concepts. We find that measuring worker flows by the turnover concept leads to substantially (about 5 percent of total employment) higher worker flow...

Persistent link: https://www.econbiz.de/10011435207

Ach wie gut, dass niemand weiß ...? Anmerkungen zur Methodenwahl bei Institutsrankings

Huber, Peter; Keil, Angelina - 2007

Two recent studies published in "Perspektiven der Wirtschaftspolitik" are used to discuss methods to develop bibliometric analyses and rankings of economic research institutions. According to them, standardisation methods using the number of staff or university graduates may have a crucial...

Persistent link: https://www.econbiz.de/10011435211

A Decomposition of Austria's General Government Budget into Structural and Cyclical Components

Kaniovski, Serguei; Pitlik, Hans; Steindl, Sandra; Url, … - 2008

The paper describes a model for computing the trend output and the structural budget deficit in Austria. The calculation of trend output is based on a production function approach within a small macroeconomic model of the Austrian economy. A decomposition of public budgets into cyclical and...

Persistent link: https://www.econbiz.de/10011435231

Business Cycles and Growth: A Survey

Gaggl, Paul; Steindl, Sandra - 2007

The paper surveys the evolution of modern macroeconomic models with the focus on the interrelations between endogenous growth and cyclical fluctuations. After reviewing models of the business cycle and endogenous growth, the paper discusses literature combining elements of both of them.

Persistent link: https://www.econbiz.de/10011435244

The Financial Crisis as an Overshooting Phenomenon

Breuss, Fritz - 2009

Inspired by Dornbusch's model of exchange rate overshooting we develop a theory of stock market behaviour. The idea is …-plagued effects all over to the world economy. The model focuses primarily on the monetary interpretation of the present crisis … instruments which were sold all over the world, hoping to disperse the inherent risks. Nor does this model deal with the …

Persistent link: https://www.econbiz.de/10011435247

The Meaning of Entrepreneurship: A Modular Concept

Peneder, Michael - 2009

Entrepreneurship has been characterised as one of the most intriguing but equally elusive concepts in economics. This critical review first surveys its major intellectual roots and then proposes a modular concept of entrepreneurship that preserves its essentially distinctive behavioural,...

Persistent link: https://www.econbiz.de/10011435254

Shirking, Endogenous Lay-off Rates and the A-cyclicality of the Real Wage

Rünstler, Gerhard - 2009

The paper extends the Shapiro-Stiglitz (1987) efficiency wage model by endogenising the probability of worker displacement as a function of the change in the firm's employment. This creates counter-cyclical variation in the wage mark-up and thereby generates real wage persistence. A New...

Persistent link: https://www.econbiz.de/10011435271