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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... -
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... -
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... -
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,... -
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... -
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... -
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... -
The productivity effects of worker mobility between heterogeneous firms
We analyze the effect of worker inflows on establishments’ productivity, using German data. Previous studies for other countries have found positive effects of hiring workers... -
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... -
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... -
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... -
Analyzing the Efficiency of County Road Production– Evidence from Eastern Ger...
This study analyzes the efficiency of the road production by local governments using data envelopment analysis. The production of roads is a costly public service, which makes... -
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... -
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... -
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... -
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...
