1. Refereed Journal // 2001

    Loosening Hours Constraints on the Supply of Labor. What if Germans Had a Dutch Labor Market?

    Total employment in Germany is supposed to increase if people are able to realize their desired working hours. However, this back-of-the-envelope calculation overestimates the effect of loosening hours…

  2. Refereed Journal // 2001

    A Note on Decisions under Uncertainty - The Impact of the Choice of the Welfare Measure

    The paper addresses the question how policy decisions under uncertainty depend on the underlying welfare concept. We study three different welfare measures: The first is directly based on the ex ante (expected)…