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DIW Berlin - Politikberatung kompakt 86 / 2014

Eine Arbeitslosenversicherung für den Euroraum als automatischer Stabilisator: Grenzen und Möglichkeiten

2014| Sebastian Dullien, Ferdinand Fichtner, Peter Haan, Laslo Jaeger, Max Jansen, Richard Ochmann, Erik Tomasch
Monographien

Unemployment and Portfolio Choice: Does Persistence Matter?

Households can rely on private savings or on public unemployment insurance to hedge against the risk of becoming unemployed. These hedging mechanisms are used differently across countries. In this paper, we use a life cycle model to study the effects of unemployment on the portfolio choice of households in the US and in Germany. We distinguish short- and long-term unemployment and find that, in case ...

Tübingen: IAW, 2011, 53 S.
(IAW Discussion Papers ; 77)
| Franziska Bremus, Vladimir Kuzin
FINESS Working Papers 4.5 / 2010

Unemployment and Portfolio Choice: Does Persistence Matter?

We use a life-cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using Markov chains to model the transition between different employment states. In contrast to most models in the ...

2010| Vladimir Kuzin, Franziska Bremus
Diskussionspapiere 372 / 2003

Private Savings in Eastern European EU-Accession Countries: Evidence from a Dynamic Panel Data Model

After the collapse in early transition years, saving rates in Eastern European EUaccession countries have recovered strongly. Is private saving in these countries now driven by the same forces as in the EU? A GMM estimator is applied to analyze the determinants of private saving in both country groups. Main results are: saving rates are persistent; income growth increases saving, whereas public saving ...

2003| Mechthild Schrooten, Sabine Stephan
Externe referierte Aufsätze

Private Savings and Transition: Dynamic Panel Data Evidence from Accession Countries

After the collapse in the early transition years, saving rates in Eastern European EU-accession countries have recovered strongly. But is private saving in these countries now driven by the same forces as in the EU? A GMM estimator is applied to analyze the determinants of private saving in both country groups. The main results are: saving rates are rather persistent; income growth increases saving, ...

In: Economics of Transition 13 (2005), 2, S. 287-309 | Mechthild Schrooten, Sabine Stephan
Monographien

Bond Yield Compression in the Countries Converging to the Euro

Ann Arbor, MI: The William Davidson Institute, 2005, 29 S.
(William Davidson Institute Working Paper ; 799)
| Lucjan T. Orlowski, Kirsten Lommatzsch
Diskussionspapiere 306 / 2002

Back on Track? Savings Puzzles in EU-Accession Countries

After the collapse in the early years of transition, saving rates in many EU-accession countries have recovered and remained stable during recent years. This may indicate that the transformation process has come to an end with regard to savings. Is saving behaviour in EU-accession countries now driven by the same forces as it is in market economies? We use a panel data set covering the years 1990 to ...

2002| Mechthild Schrooten, Sabine Stephan
Monographien

Back on Track? Savings Puzzles in EU Accession Countries

Brussels [u.a.]: ENEPRI, 2003, 18 S.
(Working Papers / European Network of Economic Policy Research Institutes ; 23)
| Mechthild Schrooten, Sabine Stephan
Diskussionspapiere 431 / 2004

Does Macroeconomic Policy Affect Private Savings in Europe? Evidence from a Dynamic Panel Data Model

This note explores the relationship between the price elasticity of demand and the R&D intensity of the product. We introduce the concept of R&D intensity into a standard Dixit-Stiglitz/Krugman-type setting. R&D activity is treated as a fixed cost of production. Within this framework, sectors with a higher R&D intensity show a lower price elasticity of demand. This proposition is confirmed by an empirical ...

2004| Mechthild Schrooten, Sabine Stephan
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