Die Vorschläge zur Reform des deutschen Sozialstaats erscheinen unspektakulär. Doch sie sind richtig, wenn andere Reformen hinzukommen – etwa bei der Bildung. Die Ergebnisse der Sozialstaatskommission sind weder revolutionär noch radikal. Aber sie bedeuten einen wichtigen Schritt in der Reformdebatte über den deutschen Sozialstaat. Denn die Empfehlungen zeigen einen Weg auf, wie der Sozialstaat gerechter, ...
In structural vector autoregressive analysis it has become quite popular to identify some structural shocks of interest by external instruments or proxies. This study points out a range of areas where such proxies have been used and sketches the way the proxies have been constructed. It reviews identification and estimation methods that have been considered in this context. Moreover, it points out ...
This paper studies the labor market impact of structural change by distinguishing between industry- and occupation-based measures of manufacturing and service employment. Using German data from 1975–2019, we find that 67% of manufacturing jobs lost in manufacturing industries are offset by new manufacturing jobs in service industries. Linking these aggregate patterns to worker-level outcomes, we...
Following five years of crisis, construction output will grow in real terms again in 2026, increasing by 1.7 percent. Next year, growth could reach nearly 3.5 percent. Public construction is driving this recovery. Real public construction volume is expected to grow by 6.7 percent in both 2026 and 2027. The reason for this strong expansion is the gradual increase in spending from the Special Fund for ...
We study the implications of fiscal rules for macroeconomic stabilization when countries are hit by adverse exogenous shocks. Exploiting the unpredictability of natural disasters, we document that economies with a fiscal rule absorb these shocks better than those without: the responses of GDP and private demand are significantly higher. This difference is coupled with more expansionary fiscal policy ...
Bisherige Studien gehen davon aus, dass kognitive Fähigkeiten spätestens ab dem 30. Lebensjahr nachlassen. Einzigartige deutsche Längsschnittdaten zu Kompe¬tenzen zeigen ein anderes Bild: Kognitive Fähigkeiten nehmen im Durchschnitt bis in die Vierzigerjahre stark zu, bevor sie in den Bereichen Lesen und Schreiben leicht und beim Rechnen stärker abnehmen. Darüber hinaus gehen sie im höheren Alter nur ...
Research Question/Issue: The introduction of gender quotas on corporate boards can disrupt the status quo, resulting in externalities that affect women's advancement within the company. This study investigates whether boardroom quotas contribute to promoting women further up the corporate ladder and facilitate access to a broader spectrum of positions. Research Findings/Insights: Using legislative ...
