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Referierte Aufsätze Web of Science
Severance pay is a vital part of employment protection legislation (EPL). We investigate the incidence and level of severance pay for dismissed employees. Our theoretical model predicts that not only the law and its interpretation by labour courts but also the costs of a suit have an impact. Using West German panel data for 1991-2006, we find that theemployees' costs resulting from a suit and the legal ...
In:
International Review of Law and Economics
30 (2010), 1, S. 71-85
| Laszlo Goerke, Markus Pannenberg
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Referierte Aufsätze Web of Science
We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the markets for their spare parts. We show that monopolized markets for spare parts lead to inefficiently high prices for spare parts. Furthermore, monopolization induces the manufacturers to choose inefficiently high qualities. The key for these results is the observation that high prices ...
In:
The B.E. Journal of Economic Analysis & Policy
10 (2010), 1, Article 36
| Pio Baake
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Referierte Aufsätze Web of Science
Set-point theory is the main research paradigm in the field of subjective well-being (SWB). It has been extended and refined for 30 years to take in new results. The central plank of the theory is that adult set-points do not change, except temporarily in the face of major life events. There was always some "discordant data", including evidence that some events are so tragic (e.g. the death of one's ...
In:
Social Indicators Research
97 (2010), 1, S. 7-21
| Bruce Headey
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Referierte Aufsätze Web of Science
Tropical cyclones that make landfall on the coast of the USA are causing increasing economic losses. It is assumed that the increase in losses is largely due to socio-economic developments, i.e. growing wealth and greater settlement of exposed areas. However, it is also thought that the rise in losses is caused by increasing frequency of severe cyclones resulting from climate change, whether due to ...
In:
Regional Environmental Change
10 (2010), 1, S. 13-26
| Silvio Schmidt, Claudia Kemfert, Peter Höppe
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Referierte Aufsätze Web of Science
This study uses longitudinal panel data and short-term retest data from the same respondents in the German Socio-economic Panel to estimate the contribution of state and trait variance to the reliable variance in judgments of life satisfaction and domain satisfaction. The key finding is that state and trait variance contribute approximately equally to the reliable variance in well being measures. Most ...
In:
Social Indicators Research
95 (2010), 1, S. 19-31
| Ulrich Schimmack, Peter Krause, Gert G. Wagner, Jürgen Schupp
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Referierte Aufsätze Web of Science
Fostering and supporting start-up businesses by unemployed persons has become an increasingly important issue in many European countries. These new ventures are being subsidized by various governmental programs. Empirical evidence on skill-composition, direct job creation and other key variables is rather scarce, largely because of inadequate data availability. We base our analysis on unique survey ...
In:
Small Business Economics
35 (2010), 1, S. 71-92
| Marco Caliendo, Alexander S. Kritikos
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Referierte Aufsätze Web of Science
This paper empirically analyzes the labor supply effects of two "making work pay" reforms in Germany. We provide evidence in favor of policies that distinguish between low effort and low productivity by targeting individuals with low wages rather than those with low earnings. We discuss our results more generally and with comparisons to the family-based tax credits in force in the US and the UK. For ...
In:
Journal of Population Economics
23 (2010), 1, S. 323-351
| Olivier Bargain, Marco Caliendo, Peter Haan, Kristian Orsini
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Referierte Aufsätze Web of Science
This study estimates the reform effects of a reduction in statutory sick pay levels on sickness absence behavior and labor costs. German federal law reduced the legal obligation of German employers to provide 100% continued wage pay for up to six weeks per sickness episode. In 1996 statutory sick pay was decreased to 80% of foregone gross wages. Within the reform's target group - private sector employees ...
In:
Journal of Public Economics
94 (2010), 11/12, S. 1108-1122
| Nicolas R. Ziebarth, Martin Karlsson
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Referierte Aufsätze Web of Science
Recent empirical studies have found evidence of unstable long run money demand functions if recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in the ECB strategy has to be doubted. In contrast we present a "stable" long run money demand relationship for M3 for the period 1983-2006. To obtain the result, the short run homogeneity ...
In:
Public Choice
144 (2010), 3-4, S. 459-472
| Christian Dreger, Jürgen Wolters
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Referierte Aufsätze Web of Science
In a wage bargaining model, a stronger earnings relationship of unemployment benefits may reduce wages. Therefore, the benefit structure significantly influences profits and trade union utility, raising the question as to how the benefit structure is determined in the political process. We consider a government that chooses the earnings relationship in order to maximize its political support. Our model ...
In:
Public Choice
145 (2010), 1-2, S. 137-163
| Laszlo Goerke, Markus Pannenberg, Heinrich W. Ursprung