Abstract: Building upon concepts of the task and trade-in-tasks literature, we analyze the relationship between the initial routine task intensity of local labor markets and (i) subsequent regional occupational employment trends, (ii) regional employment in temporary help services (THS) and (iii) regional wage inequality. We argue that due to the specific nature of routine tasks, i.e. by being...
This paper analyses two well-known features of interest rates, namely their time dependence and their cyclical structure. Specifically, it focuses on the monthly Euribor rate, using monthly data from January 1994 to May 2011. Models based on fractional integration at the long run or zero frequency, although adequately describing the persistent behaviour of the series, do not take into account its cyclical ...
Sorry, this seminar is cancelled!
This paper analyses the dynamic effects of fiscal imbalances in a given EMU member state on the borrowing costs of other countries in the euro area. The estimation of a multivariate, multi-country time series model (specifically a Global VAR, or GVAR) using quarterly data for the EMU period suggests that euro-denominated government yields are strongly linked with each other. However, financial markets ...
Wolf-Peter Schill, a researcher in the department Energy, Transportation, Environment since September 2008, has successfully defended his doctoral thesis “Modeling Market Failures and Regulation in the Changing German Power Market“ at Technische Universität Berlin (summa cum laude). The thesis deals with selected instances of market failure and regulation in the German power market. ...
This paper explores the relationship between the self-declared risk aversion of private investors and their propensity to hold incomplete portfolios of financial assets. The analysis is based on household survey data from the German Socioeconomic Panel (SOEP) that provides a reliable measure of individual attitudes toward financial risk. Our findings suggest that more risk averse households tend to ...
