The behaviour of individual movements in the wage distribution over time can be described by a Markov process. To investigate wage mobility in terms of transitions between quintiles in the wage distribution we apply a fixed effects panel estimation method suggested by Honorè and Kyriazidou...

Austria's EU accession 25 years ago, alongside Finland and Sweden, was preceded by an extended period of convergence toward the EU: via the free trade agreement concluded with the EC in 1973, and the participation in the European Economic Area (EEA) in 1994. Although the COVID-19 crisis in 2020...

A new macroeconomic evaluation of EU enlargement is undertaken with a world macroeconomic model taking into account all possible integration effects: trade effects, Single Market effects, factor movements (FDI, migration) and the costs of enlargement. Due to the differences in size of the...

Die EU hat sich mit der Lissabon-Strategie bis 2010 ehrgeizige Ziele gesetzt. Die Union soll zum wettbewerbsfähigsten Wirtschaftsraum der Welt, der am schnellsten wächst und auch die hohen Sozialstandards beibehält, werden. Zusätzlich sollte die Wirtschaftsentwicklung auch umweltschonend,...