75 research outputs found
Lohnpolitische Koordinierung in der Eurozone : ein belastbares Konzept für mehr makroökonomische Stabilität?
No full textToralf PuschElectronic ed.: Berlin ; Bonn : FES, 201
Wage policy coordination in the Eurozone : a robust concept for greater macroeconomic stability?
No full textToralf PuschElectronic ed.: Berlin ; Bonn : FES, 201
Short-time work in Germany. Employment bridge in the coronavirus crisis
No full textIn the coronavirus pandemic, short-time work has been one of the key instruments for stabilising employment in Germany. There has also been a considerable degree of policy experimentation, making the use of short-time work much more attractive. Changes include extension of the payment period, top-ups of the allowance after certain durations, easier access to the scheme and financial incentives for employers.
The aim of our contribution is to give an overview of how short-time work in Germany has shaped the degree of furlough and has helped to preserve employment during the current crisis.in the coronavirus pandemic, short-time work has been one of the key instruments for stabilising employment in germany. there has also been a considerable degree of policy experimentation, making the use of short-time work much more attractive. changes include extension of the payment period, top-ups of the allowance after certain durations, easier access to the scheme and financial incentives for employers.
the aim of our contribution is to give an overview of how short-time work in germany has shaped the degree of furlough and has helped to preserve employment during the current crisis. short-time work in germany. employment bridge in the coronavirus crisis toralf pusch hartmut seifer
Central banks, trade unions and reputation - is there room for an expansionist manoeuvre in the European Union?
No full textIt is now a few years since the introduction of the common currency, and Europe is still experiencing high unemployment. The conventional logic attributes this problem to strong trade unions and other flaws in the labour market. This article takes a different approach. Using a game theoretic model we look at the changes that occur if trade unions and the central bank have different options to choose from in a climate of uncertainty. In a singlestage game the most probable outcome is a high unemployment rate as high as the NAIRU. However, there is also a slight chance that a central bank might take the risk associated with employment expansion (if trade unions cooperate the risk pays off). Moreover, results change dramatically if the game is repeated. This allows for effects on the trade union's reputation. It can be shown that this, in turn, improves the likelihood of employment expansion. --Monetary Policy,labour unions,reputation building,employment,EMU
Central Banks, Trade Unions and Reputation – Is there Room for an Expansionist Manoeuvre in the European Union?
No full textIt is now a few years since the introduction of the common currency, and Europe is still experiencing high unemployment. The conventional logic attributes this problem to strong trade unions and other flaws in the labour market. This article takes a different approach. Using a game theoretic model we look at the changes that occur if trade unions and the central bank have different options to choose from in a climate of uncertainty. In a singlestage game the most probable outcome is a high unemployment rate as high as the NAIRU. However, there is also a slight chance that a central bank might take the risk associated with employment expansion (if trade unions cooperate the risk pays off). Moreover, results change dramatically if the game is repeated. This allows for effects on the trade union’s reputation. It can be shown that this, in turn, improves the likelihood of employment expansion.Central Bank, Reputation, Trade Unions
Bilanz des gesetzlichen Mindestlohns: deutliche Lohnerhöhungen, aber auch viele Umgehungen
No full textDrei Jahre nach der Einführung des Mindestlohns lässt sich zeigen, dass die Löhne im Niedriglohnsektor wieder gestiegen sind. Nichtsdestotrotz gibt es weiter zahlreiche Umgehungen des Mindestlohns in Deutschland. Eine Schätzung zeigt, dass es dadurch zu jährlichen Lohnausfällen und entgangenen Sozialbeiträgen in Milliardenhöhe kommt.Three years after the introduction of the minimum wage in 2015, the assessment of its labour market impact is positive. Contrary to early warnings, there has been no apparent decline in employment in most affected parts of the labour market. The share of the working poor who were eligible for drawing in-work benefits declined by 2.7 percentage points. Nevertheless, there still is a pressing problem of 2.2 million minimum wage violations. Those occur more often in establishments that do not have worker representation and are not covered by collective bargaining. Women and East Germans are also more often affected. Lost wages and social insurance contributions in 2016 were as high as €10 billion
Scope of Minimum Wage Bypasses Remains Challenge for Control Authorities and Policymakers
No full textSeit der Einführung des gesetzlichen Mindestlohns erhalten Berichte zu dessen Umsetzung und Einhaltung eine hohe Aufmerksamkeit. Bisher erschienene Studien zeigten dabei kein eindeutiges Bild über den Umfang der Mindestlohn-Umgehungen. Im vorliegenden Beitrag werden die Gründe für die teilweise sehr unterschiedlichen Ergebnisse herausgearbeitet. Neue Daten der Verdiensterhebung und zusätzliche Auswertungen mit dem SOEP-Datensatz zeigen, dass die Umgehungen nach der ersten Erhöhung des gesetzlichen Mindestlohns Anfang 2017 wieder zugenommen haben. Das Beispiel Großbritannien macht deutlich, dass es Möglichkeiten gibt, den Mindestlohn besser einzuhalten
Fiscal spending multiplier calculations based on input-output tables – an application to EU member states
No full textFiscal spending multiplier calculations have attracted considerable attention in the aftermath of the global financial crisis. Much of the current literature is based on VAR estimation methods and DSGE models. In line with the Keynesian literature we argue that many of these models probably underestimate the fiscal spending multiplier in recessions. The income-expenditure model of the fiscal spending multiplier can be seen as a good approximation under these circumstances. In its conventional form this model suffers from an underestimation of the multiplier due to an overestimation of the import intake of domestic absorption. In this article we apply input-output calculus to solve this problem. Multipliers thus derived are comparably high, ranging between 1.4 and 1.8 for many member states of the European Union. GDP drops due to budget consolidation might therefore be substantial in times of crisis
12 Euro Mindestlohn: Millionen Beschäftigte bekommen mehr Geld
No full textFür viele Beschäftigte steigen im Zuge der Anhebung des Mindestlohns auf 12 Euro nicht nur die Stundenlöhne. Neueste Befragungsdaten zeigen, dass es auch zu deutlichen Gehaltsanhebungen gekommen ist, die für sozialversicherungspfl ichtig Beschäftigte im Schnitt eine Größenordnung von über 100 Euro erreichen. Verschiedentlich wurde zwar kritisiert, dass Arbeitszeitverkürzungen und Mindestlohnumgehungen die Wirkung des Mindestlohns auf die Gehälter vermindert bzw. verhindert haben. Insgesamt kann der Umfang von Arbeitszeitverkürzungen und Mindestlohnumgehungen allerdings nicht groß gewesen sein, denn schon bei der Mindestlohneinführung waren die Gehaltssteigerungen deutlich. So stiegen die Bruttoverdienste im Mindestlohnbereich zwischen 2013 und 2018 preisbereinigt um gut 18 %.According to recent data from the WSI employee survey, the increase in the German minimum wage to 12 euros has led to signifi cant salary increases, reaching over 100 euros on average for employees receiving social insurance. After its introduction in 2015, the German minimum wage has been criticised for having little eff ect on workers' earnings due to wide-spread working hour reductions and minimum wage violations. However, the latter could not have been that large as gross earnings in the minimum wage sector increased by a good 18% in price-adjusted terms between 2013 and 2018
The struggle over distribution and monetary sanction
No full textZur makroökonomischen Interaktion von Zentralbank und Gewerkschaften hat es in den letzten Jahren vermehrt spieltheoretische Beiträge gegeben. Der Vorzug der spieltheoretischen Methode ist, dass sie den Blick auf die Handlungslogiken der makroökonomischen Akteure erweitert. Zielkonflikte zwischen den Akteuren können somit deutlich herausgearbeitet werden. Die Konsequenz kann beispielsweise eine deutliche Verfehlung der von den Akteuren als optimal erachteten Niveaus von Preisstabilität und Beschäftigung sein. Dass dies nicht so sein muss, wird in diesem Beitrag am Beispiel einer alternativen Modellierung der gewerkschaftlichen Lohnpolitik gezeigt. Damit wären aber noch nicht die Voraussetzungen für eine Beschäftigungsexpansion bei stabilen Preisen erfüllt. Im keynesianischen Fall einer geldpolitischen Führung wäre vielmehr die Zentralbank gefragt, einen geldpolitischen Vertrauensvorschuss zu erbringen.Geldpolitik, Lohnpolitik, Stackelberg-Führung
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