External refereed essays

The Economic Consequences of Terror: Guest Editor's Introduction

This introduction notes the importance of the economic evaluation of the consequences of terror and summarizes the contributions in this special issue.

Games of Climate Change with International Trade

We analyse games of greenhouse gas emission reduction in which the emissions and the emission reduction costs of one country depend on other countries' emission abatement. In an analytically tractable model, we show that international trade effects on costs and emissions can either increase or decrease incentives to reduce emissions and to cooperate on emission abatement; in some specifications, optimal ...

Beeinflusst das Lohngefälle zwischen Ost- und Westdeutschland das Migrationsverhalten der Ostdeutschen? Eine mikroökonomische Untersuchung mit Daten des Sozio-oekonomischen Panels 1991 bis 1994

Arbeitslosigkeit, Langzeitarbeitslosigkeit und das regionale Lohnniveau

Regionale Löhne und staatliche Qualifizierungsmaßnahmen: Eine erweiterte Lohnkurve für Ostdeutschland

Schätzungen von Lohnkurven für Westdeutschland mit einem verallgemeinerten Varianz-Komponenten-Modell

How Income Inequality Changed in Germany Following Reunification: An Empirical Analysis Using Decomposable Inequality Measures

This paper analyzes how inequality in Before and After Government income has changed in Germany since reunification using the 1990 through 1992 waves of the German Socio-Economic Panel. A Theil decomposable inequality index is used to measure inequality in Germany and in its eastern and western states. Massive public transfers from west to east have narrowed the east-west income gap, substantially ...

Development of East German Firms and Results of Public Promotion of Innovation

Global Competitiveness: Industrial Policy in the Performance of Asia and Europe

Labor Market Slack and the Wage Curve

The unemployment rate might not serve as an accurate measure of labor market slack when analysing countries with large scale labor market programs. We replicate and extend the wage curve for East Germany. The results are in favor of the incorporation of such policy measures.

Financing On-The-Job Training: Shared Investment or Promotion Based System? Evidence from Germany

Orthodox Money-Based Stabilization (OMBS) versus Heterodox Exchange Rate-Based Stabilization (HERBS): The Case of Russia, the Ukraine and Kazakhstan

Complexity and Progressivity in Income Tax Design: Deductions for Work-Related Expenses

We analyze optimal income taxes with deductions for work-related or consumptive goods. We consider two cases. In the first case (called a complex tax system) the tax authorities can exactly distinguish between consumptive and work-related expenditures. In the second case (called a simple tax system) this distinction is not exact. Assuming additively separable utility functions, we show that work-related ...

Vertical Foreclosure versus Downstream Competition with Capital Precommitment

The recent literature on vertical foreclosure suggests that vertical integration can have the anticompetitive effect of enabling an upstream firm to commit to restricting output to downstream firms at the monopoly level. We allow the upstream firm to make an ex-ante capital precommitment. We show that, if integration is outlawed, the upstream firm will distort capital downward as an alternative device ...

Interindustry and Interregion Differentials: Mechanics and Interpretation

In their seminal study on interindustry wage differentials, Krueger and Summers (1988) expressed estimated industry differences as deviations from a hypothetical employment-share weighted mean. Virtually the whole labor literature has followed their approach, yet most studies avoid calculating the exact standard errors of these differences. This note relates this problem to the general literature on ...

Climate Coalitions and International Trade: Assessment of Cooperation Incentives by Issue Linkage

This paper investigates climate control coalition games. It studies whether incentives exist for non-cooperating nations like the USA to join a coalition based upon issue linkage. Issue linkage is considered through increased R&D expenditures triggering improved technological innovations that advance energy efficiencies. Model calculations demonstrate that incentives exist for non-cooperating countries ...

In the Aftermath of Dresden: New Directions in German Flood Insurance

The German flood disaster of summer 2002 highlighted a dilemma concerning insurance against damages caused by natural forces. On the one hand, mindful of the rising incidence of natural disasters, private insurance companies are increasingly withdrawing coverage against natural catastrophes such as wind storms and floods. On the other, the availability of emergency relief and private donations is systematically ...

Diskussionsbeiträge zu "Mehr Wirtschaftsstatistik in der Statistikausbildung für Volks- und Betriebswirte"

Unionisation Structures and Innovation Incentives

This paper examines how different unionisation structures affect firms' innovation incentives and industry employment. We distinguish three modes of unionisation with increasing degree of centralisation: (1) 'decentralisation' where wages are determined independently at the firm-level, (2) 'coordination' where one industry union sets individual wages for all firms and (3) 'centralisation' where an ...

Assessing Leading Indicators for the EMU Area from a Practitioner's Perspective

In this paper, the empirical relevance of the credit channel for the explanation of monetary policy transmission in Germany during the period from 1985 to 1998 is analyzed. While existing studies of the credit channel rely mostly on the analysis of monetary policy effects on balance sheet items, both quantities and financing costs are considered here. Using vector autoregressive models, impulse response ...