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The savings banks? decision to distribute profits among their public owners is strongly regulated by law in order to guarantee their adequate funding via retained profits. However, the legal scope is reluctantly exhausted. In this study we examine the determinants of the savings banks? payout...
Persistent link: https://www.econbiz.de/10010297471
In contrast to earlier field studies, we survey German public savings banks on their management of capital. We find that the most important determinants of the savings banks? target capital ratio are risk aversion, the desired credit growth and profitability. Savings banks prefer to manage the...
Persistent link: https://www.econbiz.de/10010297475
from tax competition. This paper further explores the conditions under which local grant systems enforced by the state … tax competition. This basic model is then extended in order to allow for variations in the government objectives at the … in Germany. The results suggest that attempts of state level governments to extract fiscal resources from the local …
Persistent link: https://www.econbiz.de/10010297521
In order to reduce unemployment, it is often recommended that industry-level wage bargaining in Germany should be …
Persistent link: https://www.econbiz.de/10010297632
This paper investigates whether and in what sense the west German wage structure has been ?rigid? in the 1990s. To test the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a methodology which makes less restrictive identifying...
Persistent link: https://www.econbiz.de/10010297774
We analyze four economic sentiment indicators for the German economy regarding their ability to forecast economic activity. Using cross correlations and Granger causality tests we find that the ifo business expectations (ifo), the Purchasing Managers Index (PMI) and the ZEW Indicator of Economic...
Persistent link: https://www.econbiz.de/10010297904
Less than half of the people with migration background living in Germany possess foreign citizenship. Hence, using … Germany lead to better earnings prospects compared to degrees obtained abroad for persons with migration background …. Independently of gender and skill level, the estimates affirm higher earnings to educational attainment in Germany. …
Persistent link: https://www.econbiz.de/10010297935
decision to cooperate with foreign partners. Some differences remain, however: In Germany, exporters are more likely to …
Persistent link: https://www.econbiz.de/10010297950
This paper uses a simple model of fiscal competition in taxes and public inputs among local jurisdictions to analyze …
Persistent link: https://www.econbiz.de/10010297981
We estimate the effects of the reform of the German Unemployment Insurance that replaced the wage related Unemployment Assistance with an income maintenance program and stronger means testing. We model the tax-benefit system and use the Socio-Economic Panel. We estimate a discrete labour supply...
Persistent link: https://www.econbiz.de/10010297991