“...In 2003-05 the German government implemented a number of far-reaching labor market reforms y the so-called Hartz reforms. At the heart of the reform package...”

“...This paper analyzes the optimal response of the social insurance system to a rise in labor market risk. To this end, we develop a tractable macroeconomic model...”

“...This paper provides a quantitative evaluation of the macroeconomic, distributional, and fiscal effects of three reform proposals for Germany: i) a reduction in...”

“...This paper develops a tractable incomplete-markets model of economic growth in which households invest in risk-free physical capital and risky human capital...”

“...This paper analyzes the existence of recursive equilibria in a class of convex growth models with incomplete markets. Households have identical...”

“...Tom Krebs und Martin Scheffel untersuchen die gesamtwirtschaftlichen und fiskalischen Effekte öffentlicher Investitionen auf Basis eines mikroökonomisch...”

“...Kreditfinanzierte staatliche Investitionsprogramme können zur Sicherung der Generationengerechtigkeit beitragen, wenn sie Wachstumspotenziale stärken und die...”

“...This paper studies costly information acquisition in one-good production economies when agents acquire private information and prices transmit information...”

“...This paper analyzes the welfare costs of business cycles when workers face uninsurable idiosyncratic labor income risk. In accordance with the previous...”