IWH Research Seminar

The Market for SME Bonds - The German Experiment

IWH Research Seminar

Credit Supply and Human Capital: Evidence from Bank Pension Liabilities

We identify the effects of exogenous credit constraints on firm ability to attract and retain skilled workers. To do so, we exploit a shock to the value of the pension obligations of Portuguese banks resulting from a change in accounting norms.

IWH Research Seminar

A Time to Print, a Time to Reform

The public mechanical clock and the movable type printing press were two of the most important and complex general purpose technologies of the late medieval period.

IWH Research Seminar

Is Cash Still King: Why Firms Offer Non-Wage Compensation and the Implications for Shareholder Value

Over the past 40 years, the share of non-wage benefits in employee compensation grew from 5% to 30%. Using disaggregated data from Glassdoor, we first document a series of stylized facts about the availability of non-wage benefits and how these benefits are correlated with firm characteristics.

IWH Research Seminar

The Effects of Increasing the Early Retirement Age on Employment of Older Workers

This paper studies the effects of a series of reforms of the public pension system in Austria in 2000 and 2004.

IWH Research Seminar

The Effects of Training Incidence and Duration on Labor Market Transitions

This paper develops a dynamic evaluation approach in discrete time to estimate the impact of training programs for the unemployed on employment transitions.

IWH Research Seminar

Cross-country Income Levels Over Time: Did the Developing World Suddenly Become Much Richer?

The latest global survey on relative prices and income levels, for the year 2011, showed changes to relative income levels that were larger in lower-income countries, thereby narrowing the world income distribution compared to estimates based on the 2005 survey.

IWH Research Seminar

Bank Lending In A Small Open Economy: Does Monetary Policy Matter?

Existing empirical studies on the effect of monetary policy on bank lending almost exclusively focus on a closed economy setting and ignore the interactions between domestic monetary policy and international financial markets.

IWH Research Seminar

The Dynamics of Solo Self-Employment: Persistence and Transition to Employership

This study examines dynamics of solo self-employment. In particular, we investigate the extent of true state dependence and cross state dependence, i.e., whether experiencing solo self-employment causally affects the probability of becoming an employer in the future.