The paper simulates the labor market impact of a fixed allowance for social insurance contributions. Based on a discrete choice labor supply model estimated using data from the German Socio-Economic Panel, we…
Wage (and price) rigidities are often blamed for sluggish adjustment of labour markets and low employment dynamics. In this note we study the role of contractual wage arrangements on firms support for…
This paper analyses whether Taylor-type policy rules can be used to describe monetary policy in the U.S., Germany, and the euro area between 1992-2004, and if the interest rate setting in one currency area…
