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In search of an appropriate lower bound. The zero lower bound vs. the positiv...
Using a standard New Keynesian model, we show that moderate side effects of zero lower bound (ZLB) policy suffice for positive lower bound (PLB) policy to pay off in terms of... -
Did the German minimum wage reform influence (un)employment growth in 2015? E...
Using the variation across space, age and sex and the variation across space and sectors, we analyze the relationship between the minimum wage and (un-)employment growth in... -
Optimal Social Insurance and Health Inequality
This paper integrates into public economics a biologically founded, stochastic process of individual ageing. The novel approach enables us to quantitatively characterize the... -
The Effects of Germany’s New Minimum Wage on Employment and Welfare Dependency
In January 2015, Germany introduced a federal, statutory minimum wage of 8.50 Euro per hour. This study evaluates the effects of this policy on regular and marginal employment... -
Take your time to grow: A field experiment on the hiring of youths
We investigate the effect of spells of no formal employment of young Germans on their chances of entering the labor market through an apprenticeship. We also study whether the... -
Worker Personality: Another Skill Bias beyond Education in the Digital Age
We present empirical evidence suggesting that technological progress in the digital age will be biased not only with respect to skills acquired through education but... -
Where Does the Good Shepherd Go? Civic Virtue and Sorting into Public Sector ...
Several studies have analyzed motives to work in the public versus private sector. However, research on prosocial motivation in the context of public sector employment has... -
Wage Performance of Immigrants in Germany
This paper updates and deepens our understanding of the wage performance of immigrants in Germany. Using the German Socio-Economic Panel, it documents that immigrant workers... -
Thoughts on a Fiscal Union in EMU
Using an estimated large-scale New-Keynesian model, we assess the consequences of introducing a fiscal union within EMU. We differentiate between three different scenarios:... -
Should forecasters use real-time data to evaluate leading indicator models fo...
In this paper we investigate whether differences exist among forecasts using real-time or latest-available data to predict gross domestic product (GDP). We employ... -
Interregional Migration of Human Capital and Unemployment Dynamics: Evidence ...
Since the mid-90s interregional migration flows in Italy have dramatically increased, especially from the South to the North. These flows are characterized by a strong component... -
Elementary index bias: evidence for the euro area from a large scanner dataset
We provide evidence on the effect of elementary index choice on inflation measurement in the euro area. Using scanner data for 15,844 individual items from 42 product categories... -
Conservative politicians and voting on same-sex marriage
We examine whether conservative politicians are less likely to support same‐sex marriage when they run for office in safe rather than in contested districts using new data based... -
A Synthetic Control Assessment of the Green Paradox The Role of Climate Actio...
This paper extends the green paradox literature by providing empirical insights into its existence. To check the green paradox theory, I analyse the production of coal in four... -
A Novel Housing Price Misalignment Indicator for Germany
From 2014 until present, housing prices in Germany have been rising faster than consumer prices in all quarters except one, raising concerns about an excessive overheating of... -
Regional impact of the German rent brake
New rental contracts have risen dramatically in many German places in recent years due to strong influxes and sluggish construction activity. The rent brake should put a stop to... -
Management Practices and Productivity in Germany
Based on a novel dataset, the “German Management and Organizational Practices” (GMOP) Survey, we calculate establishment specific management scores following Bloom and van... -
Coaching, Counseling, Case‐Working: Do They Help the Older Unemployed Out of ...
Intensified counseling, job search assistance and related policies have been found to be effective for labor market integration of the unemployed by a large number of studies,... -
Structural changes in the labor market and the rise of early retirement in Fr...
The rise of early retirement in Europe is typically attributed to the European system of taxes and transfers. A model with an imperfectly competitive labor market allows us to... -
Public Preferences for Government Spending Priorities: Survey Evidence from G...
Employing data from a representative survey conducted in Germany, this paper examines public preferences for the size and composition of government expenditure. We focus on...
