On April 9, the European Central Bank reduced interest rates by half a percentage point; this was the first interest rate cut since the launch of the euro. Several model simulations were carried out for the euro area and for Austria, under the assumption that short-term interest rates will...

In this paper we study the separate effects of unemployment and job displacement on fertility in a sample of white collar women in Austria. Using an instrumental variables approach we show that unemployment incidence as such has no negative effect on fertility decisions, but the very fact of...

In this paper we investigate how fertility decisions respond to unexpected career interruptions which occur as a consequence of job displacement. Using an event study approach we compare the birth rates of displaced women with those of women unaffected by job loss after establishing the...

A stronger international competitive position and brisk domestic demand will have a positive impact on the Austrian economy in the next years. Assuming that the international financial crisis will be temporary in its detrimental effect and that the public budget consolidation policy will...

Non-wage labour costs are relatively high in Austria. This is due, above all, to the level of employer contributions to social security, payroll-dependent charges, and the extent of non-productive times. If – in the interest of logical coherence – bonus payments (13th and 14th monthly...

In this paper we investigate how fertility decisions respond to unexpected career interruptions which occur as a consequence of job displacement. Using an event study approach we compare the birth rates of displaced women with those of women unaffected by job loss after establishing the...

In this paper we study the separate effects of unemployment and job displace- ment on fertility in a sample of white collar women in Austria. Using an instru- mental variables approach we show that unemployment incidence as such has no negative effect on fertility decisions, but the very fact of...