In dieser Studie werden auf der Basis einer Weiterentwicklung des ZEW Mikrosimulationsmodells des Abgaben- Steuer- und Transfersystems fiskalische und individuelle Nettoerträge und Renditen von Bildungsinvestitionen für junge Erwachsene bezogen auf das Jahr 2016 untersucht und mit früheren Schätzungen bezogen auf das Jahr 2012 verglichen. Nach den Ergebnissen liegt die fiskalische Bildungsrendite pro ...
Neither market income nor consumption expenditure provides an adequate picture of individual standard of living. It is time which enables and restricts individual activities and is a further brick to a more comprehensive picture of individual well-being. In our study we focus on a prominent part of time use in non-market services: it is parental child care which contributes not only to individual but ...
This paper investigates the role of works councils in job satisfaction. Using the recently developed Linked Personnel Panel, we consider both the direct and indirect impact via further training. Basic estimates on an individual level do not reveal clearly direct effects, but on an establishment level, the existence of a works council increases the average job satisfaction in a company. In more extended ...
Part-time work has vastly expanded in most OECD labor markets during the last decades. At the same time, full- and part-time wages have grown increasingly apart, leading to a substantial raw part-time wage penalty. Using quantile regression methods, this paper analyses the female part-time wage gap across the wage distribution and over time (1990-2009), while controlling for sample selection into full- ...
We quantify the causal link between exchange rate movements and sovereign risk of 16 major emerging market economies (EMEs) by means of structural vector autoregressive models (SVARs) using data from 10/2004 through 12/2016. We apply a novel data based identification approach of the structural shocks that allows to account for the complex interrelations within the triad of exchange rates, sovereign ...
