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Weekly Report 15 / 2010
Partnerships between immigrants and native-born citizens are commonly viewed as the product of successful social integration, as well as a possible driving force of economic success. Thus, immigrants living in inter-ethnic partnerships have on average a higher level of education, better occupational status, and higher income than those living in intra-ethnic relationships. Data from the German Socio-Economic ...
2010| Olga Nottmeyer
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Weekly Report 12 / 2010
Great expectations were connected with the so-called Hartz IV reform which came into effect five years ago. In fact the number of unemployed recipients of Hartz IV benefits drastically went down during the last economic rebound. In earlier economic cycles the number of unemployed recipients of social benefits had stagnated in phases of recovery. But this alone is only a weak sign for success: Firstly, ...
2010| Karl Brenke
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Weekly Report 30 / 2009
The free movement of workers within the European Union does not place a burden on labor markets or social services. This is the conclusion of a recent study on the development and effects of east-to-west migration in the wake of EU enlargement in 2004 and 2007. In this light, Germany's restrictive immigration policy received poor marks. Recent measures-such as Germany's labor migration regulation law, ...
2009| Ulf Rinne, Klaus F. Zimmermann
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Weekly Report 28 / 2009
Net real wages in Germany have hardly risen since the beginning of the 1990s. Between 2004 and 2008 they even declined. This is a unique development in Germany-never before has a period of rather strong economic growth been accompanied by a decline in net real wages over a period of several years. The key reason for this decline is not higher taxes and social-insurance contributions, as many would ...
2009| Karl Brenke
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Weekly Report 25 / 2009
To date, the Great Recession has only had a mild impact on the German labor market. In view of the uncertainties surrounding future economic growth, the low utilization of the workforce in firms, and the prevalence of working hour reductions, many observers are anticipating a dramatic rise in unemployment in the fall, with the total number of unemployed rapidly surpassing the four-million mark. Yet ...
2009| Nikos Askitas, Klaus F. Zimmermann
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Weekly Report 13 / 2009
With Germany's banking sector still suffering from the effects of the financial crisis, public discussion of plans to place toxic assets in one or more bad banks has gained steam in recent weeks. The following paper presents a bad bank plan from the German Institute for Economic Research. The key element of the plan is the valuation of troubled assets at their current market value - assets with no ...
2009| Dorothea Schäfer, Klaus F. Zimmermann
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Weekly Report 16 / 2008
Much work awaits the new U.S. president. The U.S. has been financially depletedby the Iraq war, economic programs and necessary financial system restructuringcosts. The current financial crisis requires a government that takes an active hand ineconomic matters; at the same time, however, the state cannot deny the role that itplayed in bringing about the current problem: the housing market bubble was ...
2008| Amelie Constant, Klaus F. Zimmermann
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Weekly Report 7 / 2008
In the midst of the international financial crisis, the German federal government passed the Risk Limitation Act in autumn 2007. In spring 2008 the Bundestag has finally decided on the law. The domestic private equity/buyout providers, which have not previously been subject to banking supervision, are among the main addressees of the act. Among others, "objectionable macroeconomic activities of financial ...
2008| Dorothea Schäfer, Alexander Fisher
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Weekly Report 3 / 2006
The upcoming World Cup has raised high expectations in Germany, not just for the national team, but for the economy as well. As the cyclical upswing has mainly been supported by exports so far, hopes have been growing recently that this sporting event will have a positive and stimulating effect on domestic demand - partly by increasing consumer confidence - and so enable the upswing to gain breadth.1 ...
2006| Karl Brenke, Gert G. Wagner
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Weekly Report 17 / 2005
Even though the share of workers retiring prematurely is growing, the average age of the labor force is rising because the younger age groups are contracting and the length of time they spend in education is increasing. And yet the German higher education system is relatively unproductive. While the propensity to study at the college level has increased, for demographic reasons the number of German ...
2005| Karl Brenke, Klaus F. Zimmermann