In some countries including Germany unemployed workers can increase their income during job search by taking up "marginal employment" up to a threshold without any deduction from their benefits. Marginal employment can be considered as a wage subsidy as it lowers labour costs for firms owing to reduced social security contributions, and increases work incentives due to higher net earnings. Additional ...
Abstract: Are parents' attitudes towards extreme parties and immigration decisive for their children's attitudes later in life? This paper studies the magnitude of an intergenerational transmission in right-wing extremist attitudes and concerns about immigration to Germany. Using longitudinal data from the German Socio-Economic Panel, the estimates suggest that the strongest and most important...
From June 28 to 30, the first Graduate Center Summer Workshop took place in the avendi Hotel at Griebnitz Lake in Potsdam and turned out to be a big success. During the three-day workshop, GC09 and GC10 doctoral students presented their current research and received feedback from their supervisors and peers. The workshop was well attended by more than 50 professors, doctoral students and external guests. ...
Income Distribution : An Important Factor for Economic ForecastsBy: Ferdinand Fichtner, Simon Junker, Carsten Schwäbe in: DIW Economic Bulletin 7/2012.The development of private consumption is a crucial factor in compiling macroeconomic projections as part of national accounts. Household savings also play an important role as an explanatory variable for consumer development, since private households ...
"We Have Hidden Underemployment" Seven Questions to Karl Brenke
This study utilizes the dynamic factor model of Giannone et al. (2008) in order to make now-/ forecasts of GDP quarter-on-quarter growth rate in Switzerland. It also assesses the informational content of macroeconomic data releases for forecasting of the Swiss GDP. We find that the factor model offers a substantial improvement in forecast accuracy of GDP growth rate compared to a benchmark naive constant-growth ...
This study aims to explore the relationship between sibling number, birth order and maternal time investments in preschool children. Using the GSOEP and "Familien in Deutschland", we investigate maternal time investments in children aged 2-3 and 5-6. The dependent variables consist of two dimensions extracted from the mother's self-reported frequencies in various activities with...
In this paper we examine the role of mortgage equity withdrawal in explaining the decline of the US saving rate, since when house prices rise and mortgage rates are low, homeowners have an incentive to withdraw housing equity and this may affect the saving rate. We estimate a Vector Error Correction (VEC) model including the saving rate, asset prices, equity withdrawal and interest rates and find that ...
Capital Levies : A Step Towards Improving Public Finances in EuropeBy: Stefan Bach in: DIW Economic Bulletin 8/2012.Ever since the financial and economic crisis of 2008/2009, public debt in almost all OECD countries has increased significantly. The European debt crisis has further intensified over the past few weeks. Private households with high levels of wealth and income could be enlisted to help ...
"Private Wealth Could Be Used to Stabilize Public Finances" Six Questions to Stefan Bach
