Based on findings of an extensive empirical literature that mainly stem from high- income countries, economists often hypothesize that having more children, especially young ones, unambiguously decreases the time mothers spend in the labor market. Re- search on middle- and low-income countries is scarce, despite of several interesting aspects that are common to these countries and that potentially...
This paper examines foreign exchange intervention based on novel daily data covering 33 countries from 1995 to 2011. We find that intervention is widely used and an effective policy tool, with a success rate in excess of 80 percent under somecriteria. The policy works well in terms of smoothing the path of exchange rates, and in stabilizing the exchange rate in countries with narrow band regimes. Moving ...
Der Gastbeitrag von Ferdinand Fichtner ist am 26.05.2018 in der Fuldaer Zeitung erschienen. Die US-Regierung hat entschieden, die EU zumindest bis Ende Mai von Schutzzöllen auf Aluminium und Stahl auszunehmen. Entspannung will sich aber trotzdem nicht einstellen, weil in der EU unterschiedliche Politikstile kollidieren: Die deutsche Regierung will ...
This study quantifies the short-term distributional effects of the new statutory minimum wage in Germany. Using detailed survey data (German Socio-Economic Panel), we assess changes in the distributions of hourly wages, contractual and actual working hours, and monthly earnings. Our descriptive results indicate growth at the bottom of the hourly wage distribution in the post-reform year, but also considerable ...
We assess the short-term employment effects of the introduction of a national statutoryminimum wage in Germany in 2015. For this purpose, we exploit variation in the regionaltreatment intensity, assuming that the stronger a minimum wage “bites” into the regionalwage distribution, the stronger the regional labour market will be affected. In contrastto previous studies, we draw upon detailed individual ...
