We show that in a New Keynesian model with household heterogeneity, fiscal policy can be a perfect substitute for monetary policy: three simple conditions for consumption taxes, labor taxes, and the government debt level are sufficient to induce the same consumption and labor supply of each household and, thus, the same allocation as interest rate policies. When monetary policy is constrained by a ...
After an economically tough start into the new millennium, Germany experienced an unprecedented employment boom after 2005 only stopped by the COVID-19 pandemic. Persistently high levels of inequality despite a booming labour market and drastically falling unemployment rates constituted a puzzle, suggesting either that the German job miracle mainly benefitted individuals in the mid- or high-income range ...
We investigate how the economic consequences of the pandemic and the government-mandated measures to contain its spread affect the self-employed — particularly women — in Germany. For our analysis, we use representative, real-time survey data in which respondents were asked about their situation during the COVID-19 pandemic. Our findings indicate that among the self-employed, who generally face a higher ...
2015 wurde nach jahrelangen und zum Teil heftigen politischen Diskussionender gesetzliche Mindestlohn in Deutschland eingeführt. Seitens der Gegner undSkeptiker dieser Reform wurden vielfältige negative Folgen eines gesetzlichenMindestlohns antizipiert. So wurde unter anderem argumentiert, dass einMindestlohn und dessen geplante regelmäßige Anpassung zu einer gesteigertenArbeitsintensität in den Mindestlohnbereichen ...
This study analyzes the causal effect of an increase in the retirement age on health. We exploit a sizable cohort-specific pension reform for women using two complementary empirical approaches - a Regression Discontinuity Design and a Difference-in- Differences approach. The analysis is based on official records covering all individuals insured by the public health system in Germany and including all ...
Der Begriff der Künstlichen Intelligenz (KI) bleibt im Arbeitsalltag für Erwerbstätige oftmals undurchschaubar. Das zeigt eine Auswertung der Verbreitung von KI in der Arbeitswelt in Deutschland mithilfe des neuen Datenmoduls des SOEP-IS zum Thema Digitalisierung. Fragt man die Erwerbstätigen direkt nach der Nutzung von digitalen Systemen mit „Künstlicher Intelligenz“, geben rund 20 Prozent an, solche ...
Using a new SOEP-IS data module on digitalization including information on the prevalence of AI use in the workplace, this report shows that the term “artificial intelligence” often remains inscrutable in the day-to-day work of many employees. When asked directly about the use of digital systems with the term “artificial intelligence,” around 20 percent of the working respondents in the sample indicate ...
