Deutschland ist in den Bemühungen, die hohe Arbeitslosigkeit deutlich zu verringern, in den letzten Jahren nicht sehr erfolgreich gewesen. Um das weitgehende Scheitern der bisherigen Arbeitsmarkt- und Beschäftigungspolitik zu beschönigen, wird häufig behauptet, Arbeit sei grundsätzlich...

We study the effect of entrepreneurship on economic growth. First, we illustrate that entrepreneurship affects the investment decision in horizontal and vertical innovations within endogenous growth models. As a direct consequence, the level of entrepreneurship exerts significant growth stimuli....

Germany has experienced tremendous growth rates in the aftermath of World War II. Since the early 1970s, growth rates declined and settled down at a more or less constant rate of 2 percent per year, only to experience a renewed negative trend around the early 2000s. We investigate the evolution...

Throughout the world, strong dispersions of both regional and national unemployment rates can be observed. The economic theory has developed various explanations on how this differences occur. Corresponding models mainly aim at institutional and political framework, insider effects, efficiency...

This paper explores the determinants of stagflation. Three measures are proposed that gauge both the occurrence and the strength of stagflation. We investigate the empirical determinants of these measures, accounting for a range of theoretical hypotheses that have been discussed since the...

Der Beitrag diskutiert die Ursachen von Stagflation. Hierfür werden zunächst drei Kennzahlen abgeleitet, welche das Auftreten und die Stärke der Stagflation in der Weltwirtschaft und auf Länderebene abbilden. Im Anschluss wird anhand einer Reihe empirischer Schätzungen überprüft, welche...

What are the causes of social mobility in a society? Whereas this question is of great interest for both researchers and policymakers, empirical studies concerning cross-country evidence usually suffer from small sample biases as intergenerational income elasticities are only available for a...