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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:... -
Is there a Glass Ceiling over Germany?
This paper analyzes the gender wage gap across the wage distribution using 2010 data from the German Statistical Agency. I investigate East and West Germany and the public... -
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... -
The Effect of Fiscal Decentralization on Corruption: A Non-linear Hypothesis
This study advances the literature on the effect of decentralization on corruption by proposing a theoretical motivation for the hypothesis that the corruption-minimizing... -
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... -
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... -
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...
