Arbeitsmarktbilanz Ostdeutschland: Beschäftigung im Osten rückläufig
Hans-Ulrich Brautzsch
Wirtschaft im Wandel,
No. 6,
2015
Abstract
Der seit dem vierten Quartal 2014 zu beobachtende Beschäftigungsrückgang hat sich fortgesetzt. Im zweiten Quartal 2015 nahm die Zahl der Erwerbstätigen saisonbereinigt mit 0,2% sogar noch etwas stärker ab als in den beiden Quartalen zuvor. Dabei lag im ersten Halbjahr 2015 das Bruttoinlandsprodukt um 1,1% über dem Vorjahresstand. In Westdeutschland, wo das Bruttoinlandsprodukt um 1,5% zunahm, legte die Beschäftigung weiter zu.
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Refugee Migration – A Global Humanitarian Crisis Reaches Germany
Policy Brief Nr.,
No. 1,
2015
Abstract
Die gegenwärtige Situation der Flüchtlingsmigration nach Europa trägt krisenhafte Züge, zum einen aufgrund der großen Zahl der Flüchtenden, zum anderen, weil das bestehende Asylsystem in Europa grundsätzliche Probleme aufweist und daher der Lage nicht gewachsen ist – und das, obwohl die Problematik an sich nicht neu ist. Die Integration der ankommenden Menschen in Gesellschaft und Arbeitsmarkt hat sprachliche, qualifikatorische, kulturelle und politische Dimensionen.
Im Leibniz-Forschungsverbund “Krisen einer globalisierten Welt“ arbeiten 23 Leibniz-Institute zusammen, um inter- und transdisziplinär die Mechanismen und Dynamiken von Krisen und deren wechselseitige Interdependenzen besser zu verstehen. Im vorliegenden Policy Brief wird die aktuelle Flüchtlingsmigration nach Europa aus verschiedenen Perspektiven betrachtet und Literatur aus den beteiligten Instituten zu diesem Thema in einen Kontext gesetzt.
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16.12.2015 • 45/2015
German Economy: Strong domestic demand compensates for weak exports
The upturn of the German economy is expected to gain further momentum as a consequence of strong domestic demand. Real gross domestic product is expected to increase by 1.6% in 2016. Consumer prices are expected to rise by 0.9%. Unemployment is expected to rise slightly because it will take time to integrate refugees into the labour market.
Oliver Holtemöller
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03.12.2015 • 44/2015
Migration Affects Labour Market in Eastern Germany
Migration increasingly affects the labour market in Eastern Germany, having effects on employment and unemployment figures as well as the number of recipients of social assistance benefits under the SGB II regulations. Particularly with countries in Middle and Eastern Europe, countries affected by the European debt and confidence crisis and with people seeking asylum, there are large increases meeting the dimensions in Western Germany. However, migrants overall still form a significantly smaller percentage of the population and other labour market parameters in Eastern Germany, since migration was a lot stronger in Western Germany during the last decades. While on the short run negative effects on unemployment have to be expected, there are also chances, in the medium- and long-term, to soften the expectable demographic problems, if integration and qualification are supported.
Oliver Holtemöller
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How Selective Are Real Wage Cuts? A Micro-analysis Using Linked Employer–Employee Data
Boris Hirsch, Thomas Zwick
LABOUR: Review of Labour Economics and Industrial Relations,
No. 4,
2015
Abstract
Using linked employer–employee panel data for Germany, we investigate whether firms implement real wage reductions in a selective manner. In line with insider–outsider and several strands of efficiency wage theory, we find strong evidence for selective wage cuts with high-productivity workers being spared even when controlling for permanent differences in firms' wage policies. In contrast to some recent contributions stressing fairness considerations, we also find that wage cuts increase wage dispersion among peers rather than narrowing it. Notably, the same selectivity pattern shows up when restricting our analysis to firms covered by collective agreements or having a works council.
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Electoral Credit Supply Cycles Among German Savings Banks
Reint E. Gropp, Vahid Saadi
IWH Online,
No. 11,
2015
Abstract
In this note we document political lending cycles for German savings banks. We find that savings banks on average increase supply of commercial loans by €7.6 million in the year of a local election in their respective county or municipality (Kommunalwahl). For all savings banks combined this amounts to €3.4 billion (0.4% of total credit supply in Germany in a complete electoral cycle) more credit in election years. Credit growth at savings banks increases by 0.7 percentage points, which corresponds to a 40% increase relative to non-election years. Consistent with this result, we also find that the performance of the savings banks follows the same electoral cycle. The loans that the savings banks generate during election years perform worse in the first three years of maturity and loan losses tend to be realized in the middle of the election cycle.
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Exit Expectations and Debt Crises in Currency Unions
Alexander Kriwoluzky, G. J. Müller, M. Wolf
IWH Discussion Papers,
No. 18,
2015
Abstract
Membership in a currency union is not irreversible. Exit expectations may emerge during sovereign debt crises, because exit allows countries to reduce their liabilities through a currency redenomination. As market participants anticipate this possibility, sovereign debt crises intensify. We establish this formally within a small open economy model of changing policy regimes. The model permits explosive dynamics of debt and sovereign yields inside currency unions and allows us to distinguish between exit expectations and those of an outright default. By estimating the model on Greek data, we quantify the contribution of exit expectations to the crisis dynamics during 2009 to 2012.
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1st IWH-FIN-FIRE Workshop on Challenges to Financial Stability
Annika Bacher, Lena Tonzer
Wirtschaft im Wandel,
No. 5,
2015
Abstract
Im Rahmen des Workshops tauschten sich internationale Teilnehmerinnen und Teilnehmer über aktuelle Forschungspapiere rund um das Thema „Challenges to Financial Stability“ aus. Im Wesentlichen diente der Workshop als Plattform, um Änderungen in den regulatorischen Rahmenbedingungen des Finanzsektors und die daraus resultierenden Einflüsse auf die Finanzstabilität bzw. die Konsequenzen für die Realwirtschaft zu diskutieren.
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Passungsprobleme am Arbeitsmarkt: Zwischen Fachkräftemangel und unterwertiger Beschäftigung – Bericht vom 12. IWH/IAB-Workshop zur Arbeitsmarktpolitik
B. Christoph, N. Kracke, Ute Leber, Birgit Schultz
Wirtschaft im Wandel,
No. 5,
2015
Abstract
Beim zwölften gemeinsamen Workshop des Leibniz-Instituts für Wirtschaftsforschung Halle (IWH) und des Instituts für Arbeitsmarkt- und Berufsforschung (IAB) trafen sich am 12. und 13. Oktober 2015 Vertreterinnen und Vertreter aus Wissenschaft, Politik, Verwaltung und Wirtschaft, um über die fehlende Passung zwischen Arbeitsplatzerfordernissen und verfügbaren Qualifikationen der Arbeitnehmer zu diskutieren.
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International Banking and Liquidity Risk Transmission: Evidence from Canada
James Chapman, H. Evren Damar
IMF Economic Review,
No. 3,
2015
Abstract
This paper investigates how liquidity conditions in Canada may affect domestic and/or foreign lending of globally active Canadian banks, and whether this transmission is influenced by individual bank characteristics. It finds that Canadian banks expanded their foreign lending during the recent financial crisis, often through acquisitions of foreign banks. It also finds evidence that internal capital markets play a role in the lending activities of globally active Canadian banks during times of heightened liquidity risk.
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