The cost of state bankruptcy in the euro area is incalculable due to the repercussions for the financial system. As a result of contagion effects, there is a risk that the entire Monetary Union could be pushed into deep recession. This forces euro area member states to implement rescue packages during periods of crisis, at a high costto taxpayers. The bailout policy adopted during the most recent crisis ...
Depending on how it is structured, the introduction of a European unemployment insurance within the euro area could make a significant contribution to stabilizing economic developments. This even applies to a relatively small-scale system (based on the volume of transfers) with a maximum eligibility period of six months and transfers of 30 percent of last net salary. Higher payments would amplify the ...
Purpose: The purpose of this paper is to break down south-north migration along both the skill and the occupational dimension and thus to distinguish and compare several types of south-north migration and brain drain. Design/methodology/approach: This paper presents south-north migration rates by occupational category at two distinct levels of disaggregation according to International Standard Classification ...
by Kerstin Bernoth, Patrick Burauel and Philipp Engler in: DIW Economic Bulletin 10/2014 Member countries of the euro area, and the peripheral states in particular, face an especially difficult problem: on the one hand, they urgently need stronger economic growth to reduce high debt and unemployment levels. On the other hand, however, they have no scope to use fiscal policy to stimulate ...
by Christoph Große Steffen and Julian Schumacher in: DIW Economic Bulletin 10/2014 The International Monetary Fund (IMF) stated in spring of this year that a more timely restructuring of Greece’s sovereign debt would have been beneficial. But what are the available options for early debt restructuring? The report argues that current reforms in the Euro area, in particular, introducing ...
by Philipp Engler and Christoph Große Steffen in: DIW Economic Bulletin 10/2014 The cost of state bankruptcy in the euro area is incalculable due to the repercussions for the financial system. As a result of contagion effects, there is a risk that the entire Monetary Union could be pushed into deep recession. This forces euro area member states to implement rescue packages during ...
by Ferdinand Fichtner and Peter Haan in: DIW Economic Bulletin 10/2014 Depending on how it is structured, the introduction of a European unemployment insurance within the euro area could make a significant contribution to stabilizing economic developments. This even applies to a relatively small-scale system (based on the volume of transfers) with a maximum eligibility period of six months and ...
Abstract: We consider the impact of Tax credits and income support programs on female education choice, employment, hours and human capital accumulation over the life-cycle. We thus analyze both the short run incentive effects and the longer run implications of such programs. By allowing for risk aversion and savings we are also able to quantify the insurance value of alternative programs.
This study investigates the employment impact which emerges from a deregulation of shop opening in the German retail sector. Exploiting the gradual change in the opening times across states difference-in-differences estimates point to an average increase in the employment probability, driven by a rise in the likelihood of working marginal part-time hours. For individuals facing high family-related...
