With banking sectors worldwide still suffering from the effects of the financial crisis, public discussion of plans to place toxic assets in one or more bad banks has gained steam in recent weeks. The following paper presents a plan how governments can efficiently relieve ailing banks from toxic...

Vom Flüchtlingszustrom erhoffen sich viele vor allem eine Linderung des Fachkräftemangels und eine Entlastung der sozialen Systeme. Die Integration der Flüchtlinge sollte also nicht als "Belastung", sondern als Zukunftsinvestition verstanden werden. Langfristig gibt es gute Aussichten, dass...

This paper studies occupational mobility of ethnic German migrants who have entered Germany since 1984. The empirical analysis suggests significant differences in the probability of downward occupational mobility by gender, immigration status, and schooling levels. In general, migrants with...

The speed at which immigrants assimilate is the subject of debate. Human capital formation plays a major role in this discussion. This paper compares the educational attainment of second generation immigrants to those of natives in the same age cohort. Evidence using a large German data set...

As in the U.S. and Canada, migration is a controversial issue in Europe. This paper explores the possibility that immigration policy may affect the labor market assimilation of immigrants and hence natives' sentiments towards immigrants. It first reviews the assimilation literature in economics...

This study surveys the development of the East German labor market after the unification of Germany. We explain that in the last decade, East Germans were faced with very high levels of joblessness that considering labor market exits and active labor market policy, are only partly reported as...

Migration is an unavoidable aspect of globalization. While full flexibility is politically unfeasible, the paper argues for regulated openness. Migration in the age of globalization should be judged according to the labor market needs of the receiving countries. This would also serve best the...

Die große Zahl von Flüchtlingen und Asylbewerbern, die aktuell nach Deutschland einreisen, stellt eine erhebliche organisatorische, aber auch gesellschaftspolitische Herausforderung dar. Es ist notwendig, eine sachgerechte Debatte um die bestmögliche Integration der Flüchtlinge in unsere...