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Special Issue On The Economic Effects Of Minimum Wages In Germany: Editorial, Alfredo Paloyo, Sandra Schaffner, Christoph Schmidt
Special Issue On The Economic Effects Of Minimum Wages In Germany: Editorial, Alfredo Paloyo, Sandra Schaffner, Christoph Schmidt
Alfredo R Paloyo
This special issue of the German Economic Review addresses one of the most contentious areas of modern labor economics: the economic effects of statutory minimum wages. This topic is as challenging intellectually as the publication of these studies is timely. With respect to the analytical challenge to be mastered, the history of labor economic thought on this issue demonstrates the vicissitudes of empirical research in all the social sciences, not the least in Economics, which operate in an ever-changing environment, with new preferences, new institu- tions and new data emerging all the time. In fact, within the realm of econom- …
The Regional Economic Effects Of Military Base Realignments And Closures In Germany, Alfredo Paloyo, Colin Vance, Matthias Vorell
The Regional Economic Effects Of Military Base Realignments And Closures In Germany, Alfredo Paloyo, Colin Vance, Matthias Vorell
Alfredo R Paloyo
We identify the causal effect of a reduction in military personnel on a number of socioeconomic indicators within the peripheries of military bases. The base realignments and closures in Germany are used as an exogenous source of variation that allows us to identify the effect of a demand shock on household income, output, unemployment, and tax revenue within a specified buffer zone around each base. The analysis covers 298 communities for the period 2003-2007. Consistent with evidence found elsewhere, we find that these base adjustments have only a marginal impact on the local community in which the bases are located.