There has been a universal statutory minimum wage in Germany for a good four years, but many employees still do not receive it. This is the finding of new calculations based on the Socio-Economic Panel (SOEP), which have updated noncompliance with the minimum wage for 2017. Even conservative...

Seit gut vier Jahren gilt in Deutschland ein allgemeiner Mindestlohn - doch nach wie vor erhalten ihn viele ArbeitnehmerInnen nicht. Das zeigen neue Berechnungen auf Basis des Sozio-oekonomischen Panels (SOEP), die die Nichteinhaltung des Mindestlohns für das Jahr 2017 fortschreiben. Demnach...

Calculations based on data from the Socio-Economic Panel (SOEP) show that after the introduction of a statutory minimum wage in Germany in January 2015, the wage growth of eligible employees with low wages accelerated significantly. Before the reform, the nominal growth in contractual hourly...

Berechnungen auf Basis des Sozio-oekonomischen Panels (SOEP) zeigen, dass sich nach der Einführung des Mindestlohns im Januar 2015 das Lohnwachstum der anspruchsberechtigten Beschäftigten mit niedrigen Löhnen deutlich beschleunigt hat: So lag das nominale Wachstum bei den vertraglichen...

Berechnungen auf Basis des Sozio-oekonomischen Panels (SOEP) zeigen, dass sich nach der Einführung des Mindestlohns in Deutschland im Jahr 2015 das Wachstum der Stundenlöhne für die anspruchsberechtigten Beschäftigten gerade im unteren Bereich der Stundenlohnverteilung beschleunigt hat. So...

The recent increase in the breath of computational methodologies has been matched with a corresponding increase in the difficulty of comparing the relative explanatory power of models from different methodological lineages. In order to help address this problem a universal information criterion...

Artificial Economics is one of the fastest growing approaches to analyse complex socio-economic systems. In this paper we present our views on the distinguishing features of Artificial Economics and on its relation with Theoretical Economics - the field that in our opinion lies closest to...

Comparison of macroeconomic simulation models, particularly agent-based models (ABMs), with more traditional approaches such as VAR and DSGE models has long been identified as an important yet problematic issue in the literature. This is due to the fact that many such simulations have been...

The objective of this paper is to study the dynamics of the wealth distribution over the path of economic development. More specifically, we are interested in distinguishing between changes which seem to be country specific and characteristics shared by all countries. A historical account of the...