1. Discussion and Working Paper // 2005

    Pricing and Risk Analysis of Maturity Guarantees Embedded in the Retirement Investment Products

    Numerous insurance and investment products offered by the private financial industry contain embedded investment guarantees. In these products the contributions are invested on the capital market, which involves…

  2. Contributions to Edited Volumes and Conference Proceedings // 2005

    Pricing and Risk Analysis of Maturity Guarantees Embedded in the Retirement Investment Products - Markov Switching Approach

    Numerous insurance and investment products offered by the private financial industry contain embedded investment guarantees. In these products the contributions are invested on the capital market, which involves…

  3. Refereed Journal // 2005

    Tarifpolitik, Entgeltflexibilität und Beschäftigung in Ostdeutschland

    The paper explores wage setting practice in eastern Germany since unification. It gathers evidence to support the claim that economically non-viable collective agreements have fostered decentralized wage…

  4. Discussion and Working Paper // 2005

    Wage and employment effects of immigration to Germany: evidence from a skill group approach

    The paper analyzes the labor market impact of migration by exploiting variation in the labor supply of foreigners across groups of workers with the same level of education but different work experience.…

  5. Refereed Journal // 2005

    Why are Labor Force Participation Rates of East German Women so High?

    As an example of the adjustment of behavior formed in a centrally planned economy and exposed to a free market economy, the paper studies the development of labor force participation by East German women after…

  6. Refereed Journal // 2005

    Wohlfahrts- und Verteilungseffekte eines allgemeinen Freibetrags bei den Sozialabgaben

    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…