Disability insurance - the insurance against the loss of the ability to work - is a substantial part of social security expenditures in many countries. The benefit recipiency rates in disability insurance vary strikingly across European countries and the US. This paper investigates the extent...

This paper considers the education of the labour force based on an analysis of trends in and the relationships between job polarization and skills mismatch. Both job polarization and skills mismatch have become topics of increasing interest, but relationships between the two have been relatively...

Population ageing combined with a shrinking potential workforce are main factors influencing future socio-economic development and the labour market. This paper has the objective to show the impact of population change on one important sector of the economy, the health care market. As the need...

This paper aims to show the impact of societal change on the demand and supply of long-term care workforce. As age is the major driver of the need for care the growth in the number of elderly and oldest old will increase the demand for long-term care workforce. Caregiving to the elderly is...

The process of European integration has gained considerable momentum during the past couple of years. This paper provides an assessment of the degree of integration of both the accession states of central and eastern Europe and of the pre-ins for monetary union with respect to Germany. Using...

This paper investigates the intraday effects of unannounced foreign exchange intervention on bid-ask exchange rate spreads using official intraday intervention data provided by the Danish central bank. Our starting point is a simple theoretical model of the bid-ask spread which we use to...

This paper is the first to analyze intergenerational economic mobility based on sibling correlations in permanent earnings in Germany and to provide a cross-country comparison of Germany, Denmark, and the US. The main findings are as follows: the importance of family and community background in...

Dänemark ist seit einem Jahrzehnt eines der wirtschaftlich erfolgreichsten Industrieländer in Europa. Bei vergleichsweise hohem Wirtschaftswachstum erreichte das Land in den letzten Jahren fast Vollbeschäftigung. Ausgesprochen positiv entwickelten sich die öffentlichen Finanzen. Die...

Um den Rückgang des Erwerbspersonenpotentials aufgrund unzureichender Geburtenraten in nahezu allen Ländern der Europäischen Union abzubremsen, sind Zuwanderungen unverzichtbar. Anfang dieses Jahres hat die EU-Kommission ein ,,Grünbuch" vorgelegt, das auf eine stärkere Vereinheitlichung der...