Employers who use temporary agency staff in contrast to regular staff are not affected by employment protection regulations when terminating a job. Therefore, services provided by temporary work agencies may be seen as a substitute for regular employment. In this paper, we analyze the effects of...

In theoretical literature, the effects of employment protection on unemployment are ambiguous. Higher employment protection decreases job creation as well as job destruction. However, in most models, wages are bargained individually between workers and firms. Using a conventional matching model...

In der öffentlichen Debatte werden vor dem Hintergrund von Studien zur Automatisierbarkeit von Berufen immer wieder Stimmen laut, dass Industrie 4.0 und Digitalisierung massive Jobverluste nach sich ziehen könnten. Der lange Weg von der Entwicklung neuer Technologien in die betriebliche Praxis...

We identify investor moral hazard in the German fiscal federation. Our identification strategy is based on a variable, which was used by the German Federal Constitutional Court as an indicator to determine eligibility of two German states (Länder) to a bail-out, the interest payments-to-revenue...