Evidence on the interdependency between monetary policy and the state of thebanking system is scarce. We suggest an integrated micro-macro approach with twocore virtues. First, we measure the probability of bank distress directly at the banklevel. Second, we integrate a microeconomic hazard...

The Hartz IV labour market reform in 2005 triggered a substantial reduction in unemployment in Germany. At the same time, it reduced social welfare for the long-term unemployed and increased uncertainty for the employed. The proposed reform by the new government ("Bürgergeld") will adjust the...

Frauen verdienen im Durchschnitt weniger als Männer. Dies wird in der Wissenschaft intensiv analysiert und in der Politik oft debattiert. Dabei findet das geschlechtsspezifische Bewerbungsverhalten bisher kaum Beachtung. Die Analyse detaillierter Betriebsdaten zeigt aber, dass sich Männer und...