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Wage Flexibility and Labour Market Institutions: A Meta-Analysis

Evidence during the nineties about the response of real wages to shocks highlights that this response is substantially lower in European countries than in the United States and that there are important differences among European countries. Which are the reasons that explain these different reactions? In this paper, we apply meta-analytical techniques in order to provide a quantitative summary of the ...

Sustainability Impacts of Car Road Pricing: A Computable General Equilibrium Analysis for Austria

Nationwide car road pricing schemes are discussed across Europe. We analyse the impacts of such schemes with respect to environmental, economic and social indicators of sustainability, also quantifying the trade-offs among these three dimensions under different charging principles and revenue recycling options. In our analysis we employ a computable general equilibrium (CGE) approach, develop a modelling ...

Road Pricing in Britain

This paper outlines recent developments regarding road pricing in Britain. Given the widespread view that the London congestion pricing scheme has been a success, it was generally expected that road pricing would be more widely applied in Britain, and successive reports, including an official study for the Department for Transport, have examined the issue at a national level. However, implementation ...

Voting, Inequality and Redistribution

This paper surveys models of voting on redistribution. Under reasonable assumptions, the baseline model produces an equilibrium with the extent of redistributive taxation chosen by the median income earner. If the median is poorer than average, redistribution is from rich to poor, and increasing inequality increases redistribution. However, under different assumptions about the economic environment, ...

Dynamic Measures of Individual Deprivation

We introduce a one-parameter class of individual deprivation measures. Motivated by a suggestion of Runciman, we modify Yitzhaki's index by multiplying it by a function that is interpreted as measuring the part of deprivation generated byan agent's observation that others in his reference group move on to a higher level of income than himself. The parameter reflects the relative weight given to these ...

Sensitivity Analysis for Average Treatment Effects

Based on the conditional independence or unconfoundedness assumption,. - matching has become a popular approach to estimate average treatment. - effects. Checking the sensitivity of the estimated results with respect to deviations. - from this identifying assumption has become an increasingly important topic. - in the applied evaluation literature. If there are unobserved variables that affect. - assignment ...

The European Electricity and Climate Policy: Complement or Substitute?

Ein Zehn-Punkte-Plan für eine nachhaltige Energiepolitik in Deutschland

Apply with Caution: Introducing UK-Style In-Work Support in Germany

Estimates of the labour supply effects of recent UK reforms in the area of direct taxes and benefits show that policy can have significant influence on the level of employment. We confirm this in a simulation of an in-work support system introduced into the German tax and benefit system. Our simulation results suggest that introducing in-work tax credits in Germany would increase the employment of ...

Attitudes towards the Euro: An Empirical Study Based on the German Socio-Economic Panel (SOEP)

This paper investigates changing attitudes towards the euro over time in Germany using longitudinal micro-data from the German Socio Economic Panel Study. We observe that a large part of the German population was worried about the new currency both before and after its introduction. Social psychological theories provide insight into these attitudes. Concerns regarding the euro are apparently connected ...