Research Articles
Research Articles Explore cutting-edge research based on CompNet’s micro-aggregated firm-level data and related analytical tools. These articles cover empirical and theoretical…
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Advisory Board
Advisory Board The CompNet Advisory Board is composed of distinguished scholars and leading experts in the fields of productivity, competitiveness, and economic policy, and also…
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Halle Institute for Economic Research
IWH President Reint Gropp joins EU expert group on research and innovation policy Reint Gropp was appointed to the European Commission’s ESIR expert group. ESIR provides…
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Economic Outlook
IWH Economic Outlook 2026 Slight Upturn on the Horizon, Structural Problems Remain December 11, 2025 As the year draws to a close, it remains uncertain whether the German economy…
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Alumni
IWH Alumni The IWH maintains contact with its former employees worldwide. We involve our alumni in our work and keep them informed, for example, with a newsletter. We also plan…
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Reservation Raises: The Aggregate Labour Supply Curve at the Extensive Margin
Preston Mui, Benjamin Schoefer
Review of Economic Studies,
No. 1,
2025
Abstract
We measure desired labour supply at the extensive (employment) margin in two representative surveys of the U.S. and German populations. We elicit reservation raises: the percent wage change that renders a given individual indifferent between employment and nonemployment. It is equal to her reservation wage divided by her actual, or potential, wage. The reservation raise distribution is the nonparametric aggregate labour supply curve. Locally, the curve exhibits large short-run elasticities above 3, consistent with business cycle evidence. For larger upward shifts, arc elasticities shrink towards 0.5, consistent with quasi-experimental evidence from tax holidays. Existing models fail to match this nonconstant, asymmetric curve.
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Konjunktur aktuell: Frostige Aussichten für die deutsche Wirtschaft
Konjunktur aktuell,
No. 4,
2024
Abstract
Zur Jahreswende dürfte die weltweite Produktion weiterhin in etwa so schnell wie in der Dekade vor der Pandemie expandieren. Die Konjunktur im Euroraum ist nur verhalten, und die Stagnation der deutschen Wirtschaft setzt sich fort. Die Industrie verliert an internationaler Wettbewerbsfähigkeit. Unternehmen und Verbraucher halten sich aufgrund unklarer wirtschaftspolitischer Aussichten mit ihren Ausgaben zurück. Das Bruttoinlandsprodukt dürfte im Jahr 2024 um 0,2% sinken und im Jahr 2025 um 0,4% expandieren.
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East Germany
The Nasty Gap 30 years after unification: Why East Germany is still 20% poorer than the West Dossier In a nutshell The East German economic convergence process is hardly…
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Box 3.6.: Place-based industrial policies and credit markets: Evidence from the former East and West
Aleksandr Kazakov, Michael Koetter
EBRD Transition Report 2024-25,
December
2024
Abstract
The Transition Report 2024-25 focuses on industrial policies in the EBRD regions and beyond. Such policies have seen a resurgence, seeking to address market failures such as environmental degradation. However, their track record is mixed. Their growing popularity is shaped primarily by domestic political economy considerations and rising geopolitical tensions. While industrial policies are typically employed by higher-income economies, they are also now used more frequently in economies with less administrative and fiscal capacity to implement them.
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Open Calls for PhD Intake
Open Calls for PhD Intake We encourage outstanding students with a Master's degree in economics or related subjects such as mathematics, statistics, business administration,…
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