1. ZEW Discussion Paper Nr. 98-25 // 1998

    Advantage through Training? A Microeconometric Evaluation of the Employment Effects of Active Labour Market Programmes in Poland

    We estimate the employment effects of training, intervention works (subsidised employment), and public works programmes in Poland. The analysis is based on retrospective monthly calendar information on the…

  2. ZEW Discussion Paper Nr. 98-22 // 1998

    Industrial Change, Stability of Relative Earnings, and Substitution of Unskilled Labor in West-Germany

    The differential labor market developments in Germany and in the United States are often cited to support the hypothesis of a trade-off between more jobs for unskilled workers on the one hand, and a less equal…

  3. ZEW Discussion Paper Nr. 98-16 // 1998

    Socio-economic and demographic factors of crime in Germany: Evidence from panel data of the German States

    Our study is based on the traditional Becker-Ehrlich deterrence model, but we analyse the model in the face of currently discussed factors of crime like demographic changes, youth-unemployment and income…

  4. ZEW Discussion Paper Nr. 98-11 // 1998

    Wer ist noch Mitglied in Gewerkschaften? Eine Panelanalyse für Westdeutschland

    War mit der Vereinigung Deutschlands ein starker Anstieg in der Mitgliederzahl der Gewerkschaften in Deutschland einhergegangen, erleben sie seit 1992 einen umso stärkeren Einbruch. Die von den Verbänden…

  5. ZEW Discussion Paper Nr. 98-07 // 1998

    Do Public Works Programs Work? Some Unpleasant Results from the East German Experience

    We analyze the effectiveness of public works programs (PWP, Arbeitsbeschaffungs-maßnahmen) in east Germany as measured by their effects on individual future re-employment probabilities in regular jobs. These…

  6. ZEW-Wirtschaftsanalysen Bd. 25 // 1998

    Determinanten der Überlebenswahrscheinlichkeit von Unternehmen

    Die Unternehmensinsolvenzen haben in den letzten Jahren einen Nachkriegsrekord erreicht. Daran konnte auch die wieder anziehende Konjunktur nichts ändern. In den meisten Fällen folgt auf die Insolvenz eines…

  7. ZEW-Schriftenreihe Umwelt- und Ressourcenökonomie // 1998

    Handelbare SO2-Zertifikate für Europa

    Zur Bekämpfung des sauren Regens wurden bisher national wie international überwiegend ordnungsrechtliche Instrumente eingesetzt. Im Rahmen der Umsetzung des Osloer Protokolls von 1994 zur europaweiten Reduktion…

  8. ZEW Discussion Paper Nr. 98-30 // 1998

    EMU and Fiscal Discipline : The End of the Depreciation Threat

    Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central…

  9. ZEW Discussion Paper Nr. 98-20 // 1998

    Hedging Langfristiger Lieferverpflichtungen mit kurzfristigen Futures : Möglich oder Unmöglich ?

    Since the crisis of the Metallgesellschaft AG in 1993, their roll over hedging strategy with short-term oil futures has been a subject of controversal debate. Main issues of this controversy are whether a woll…

  10. ZEW Discussion Paper Nr. 98-18 // 1998

    Why Hedge ? - A Critical Review of Theory and Empirical Evidence

    Finance theory does not provide a comprehensive framework for explaining risk management within the imperfect financial environment in which firms operate. Corporate managers, however, rank risk management as…