29.09.2022 • 23/2022
Joint Economic Forecast 2/2022: Energy crisis: inflation, recession, welfare loss
The crisis on the gas markets is having a severe impact on the German economy. Soaring gas prices are drastically increasing energy costs, leading to a massive reduction of the purchasing power. Despite a decline in the second half of the year, gross domestic product is expected to expand by 1.4% this year. For the coming year, the institutes expect a contraction by 0.4%, followed by an increase of 1.9% in 2024.
Read press release
Stricter rules for banks can relieve real estate markets Exuberant price levels in the German real estate market could...
Worker Participation in Decision-making, Worker Sorting, and Firm Performance
Worker participation in decision-making is often associated with high-wage and high-productivity firm strategies. Using linked employer–employee data for Germany and worker fixed effects from a two-way fixed-effects model of wages capturing observed and unobserved worker quality, we find that plants with formal worker participation via works councils indeed employ higher quality workers. We show that worker quality is already higher in plants before council introduction and further increases after the introduction. Importantly, we corroborate previous studies by showing positive productivity and profitability effects even after taking into account worker sorting.
IWH FDI Micro Database
IWH FDI Micro Database The IWH FDI Micro Database (FDI = Foreign Direct...
The CompNet Competitiveness Database The Competitiveness Research Network (CompNet)...
IWH-CompNet Discussion Papers
IWH-CompNet Discussion Papers The IWH-CompNet Discussion Paper series presents research...
The Impact of Active Aggregate Demand on Utilisation-adjusted TFP ...
Info Graphs Sometimes pictures say more than a thousand words. Therefore, we selected...