In diesem Beitrag weist Bernd Fitzenberger, Universität Freiburg, auf einige wirtschaftstheoretische Aspekte hin, die seiner Meinung nach in der aktuellen Debatte in Deutschland bisher nicht hinreichend beachtet wurden, und diskutiert relevante empirischen Ansätze. Er kommt zu dem Ergebnis,...

With representative agents maximizing their expected Xife time Utility, it can be shown under certain functional form assumptions that consumption follows a random walk and should be cointegrated across countries, because in an optimal risk pooling arrangement agents smooth consumptions with...

The recent economic policy debate in Germany emphasizes the impact of globalization of the world economy on the German labor market. This paper provides an empirical analysis of the relationship between trade and the labor market in West Germany for the period from 1970 until German...