Details about Klaus Wälde

E-mail:
Homepage:	http://www.waelde.com
Phone:	+49.6131.39-20143
Postal address:	Mainz School of Management and Economics, University of Mainz, 55128 Mainz, Germany
Workplace:	Institut de Recherche Économique et Sociale (IRES) (Institute for Economic and Social Research), Louvain Institute of Data Analysis and Modelling in Economics and Statistics (LIDAM), Université Catholique de Louvain (Catholic University of Louvain-la-Neuve), (more information at EDIRC) Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz (University of Mainz), (more information at EDIRC) CESifo, (more information at EDIRC) Institute of Labor Economics (IZA), (more information at EDIRC)

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Working Papers

2023

The Covid‐19 containment effects of public health measures: A spatial difference‐in‐differences approach
Publications of Darmstadt Technical University, Institute for Business Studies (BWL), Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL)
Also in Publications of Darmstadt Technical University, Institute for Business Studies (BWL), Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL) (2021) View citations (10)
See also Journal Article The Covid‐19 containment effects of public health measures: A spatial difference‐in‐differences approach, Journal of Regional Science, Wiley Blackwell (2021) View citations (4) (2021)

2022

The Dynamics of Pareto Distributed Wealth in a Small Open Economy
VfS Annual Conference 2022 (Basel): Big Data in Economics, Verein für Socialpolitik / German Economic Association
Also in CESifo Working Paper Series, CESifo (2021) View citations (2)
See also Journal Article The dynamics of Pareto distributed wealth in a small open economy, Economic Theory, Springer (2023) View citations (2) (2023)

2013

Hartz IV ist tot – Es leben die Hartz-Reformen!
Working Papers, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz
Thumbscrews for Agencies or for Individuals? How to Reduce Unemployment
Working Papers, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz View citations (13)
Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2013) View citations (11)

2011

Describing the Dynamics of Distribution in Search and Matching Models by Fokker-Planck Equations
VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis, Verein für Socialpolitik / German Economic Association View citations (3)
Also in Working Papers, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz (2011) View citations (3)
Existence, Uniqueness and Stability of Invariant Distributions in Continuous-Time Stochastic Models
Working Papers, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz
How Trade Unions Increase Welfare
CESifo Working Paper Series, CESifo
Also in Working Papers, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz (2010) View citations (1)
W.E.P. - Würzburg Economic Papers, University of Würzburg, Department of Economics (2010) View citations (4)
LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) (2010)
See also Journal Article How trade unions increase welfare, Economic Journal, Royal Economic Society (2012) View citations (31) (2012)

2010

Estimating Incentive and Welfare Effects of Non-Stationary Unemployment Benefits
IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (20)
Also in Working Papers, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz (2010) View citations (9)
SOEPpapers on Multidisciplinary Panel Data Research, DIW Berlin, The German Socio-Economic Panel (SOEP) (2010) View citations (10)
LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) (2010) View citations (6)
CESifo Working Paper Series, CESifo (2010) View citations (6)
See also Journal Article ESTIMATING INCENTIVE AND WELFARE EFFECTS OF NONSTATIONARY UNEMPLOYMENT BENEFITS, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2013) View citations (21) (2013)
How Bad is Globalization for Labour Standards in the North?
LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) View citations (1)
Also in W.E.P. - Würzburg Economic Papers, University of Würzburg, Department of Economics (2010)
Working Papers, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz (2010) View citations (2)
Matching and Saving in Continuous Time: Proofs
Working Papers, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz View citations (8)
Also in LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) (2010) View citations (8)
CESifo Working Paper Series, CESifo (2010) View citations (9)
Matching and Saving in Continuous Time: Theory
LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) View citations (7)
Also in CESifo Working Paper Series, CESifo (2010) View citations (7)
Working Papers, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz (2010) View citations (7)
On the Non-Causal Link between Volatility and Growth
Working Papers, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz View citations (1)
Also in LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) (2009) View citations (4)
Economics Working Papers, Department of Economics and Business Economics, Aarhus University (2009) View citations (4)

2009

Production Technologies in Stochastic Continuous Time Models
CESifo Working Paper Series, CESifo
See also Journal Article Production technologies in stochastic continuous time models, Journal of Economic Dynamics and Control, Elsevier (2011) View citations (21) (2011)
Trade unions go global!
IAB-Discussion Paper, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany] View citations (1)
Also in Working Papers, Business School - Economics, University of Glasgow (2008) View citations (6)
CESifo Working Paper Series, CESifo (2008) View citations (5)

2008

Estimating insurance and incentive effects of labour market reforms
CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis

2007

How to Get Tenured (in Germany, in Economics)
Working Papers, Business School - Economics, University of Glasgow View citations (1)
Also in W.E.P. - Würzburg Economic Papers, University of Würzburg, Department of Economics (2007) View citations (1)
How to get tenured
Working Papers, Bavarian Graduate Program in Economics (BGPE) View citations (1)
Pareto-Improving Unemployment Policies
Working Papers, Business School - Economics, University of Glasgow
Also in CESifo Working Paper Series, CESifo (2006) View citations (3)
W.E.P. - Würzburg Economic Papers, University of Würzburg, Department of Economics (2005) View citations (1)
Discussion Papers (ECON - Département des Sciences Economiques), Université catholique de Louvain, Département des Sciences Economiques (2005) View citations (1)
See also Journal Article Pareto-Improving Unemployment Policies, FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen (2009) View citations (1) (2009)

2006

Bequests, Taxation and the Distribution of Wealth in a General Equilibrium Model
CESifo Working Paper Series, CESifo View citations (6)
Also in W.E.P. - Würzburg Economic Papers, University of Würzburg, Department of Economics (2005) View citations (1)
See also Journal Article Bequests, taxation and the distribution of wealth in a general equilibrium model, Journal of Public Economics, Elsevier (2007) View citations (39) (2007)
International Trade, Hedging and the Demand for Forward Contracts
W.E.P. - Würzburg Economic Papers, University of Würzburg, Department of Economics
Also in LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) (2003)
Dresden Discussion Paper Series in Economics, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics (2003)
See also Journal Article International Trade, Hedging, and the Demand for Forward Contracts*, Review of International Economics, Wiley Blackwell (2007) View citations (1) (2007)
Natural Volatility, Welfare and Taxation
CESifo Working Paper Series, CESifo View citations (1)
Also in W.E.P. - Würzburg Economic Papers, University of Würzburg, Department of Economics (2005) View citations (1)
Discussion Papers (ECON - Département des Sciences Economiques), Université catholique de Louvain, Département des Sciences Economiques (2005) View citations (2)
Computing in Economics and Finance 2006, Society for Computational Economics (2006) View citations (1)
Working Papers, Business School - Economics, University of Glasgow (2006)
“Itô’s Lemma“ and the Bellman Equation for Poisson Processes: An Applied View
CESifo Working Paper Series, CESifo View citations (10)
Also in W.E.P. - Würzburg Economic Papers, University of Würzburg, Department of Economics (2005)
See also Journal Article “Itô's Lemma” and the Bellman Equation for Poisson Processes: An Applied View, Journal of Economics, Springer (2006) View citations (14) (2006)

2005

"Itô's Lemma" and the Bellman equation: An applied view
Dresden Discussion Paper Series in Economics, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics

2004

Endogenous business cycles and growth
Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group
Also in CESifo Working Paper Series, CESifo (2003)
Dresden Discussion Paper Series in Economics, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics (2003)
Endogenous growth cycles
LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) View citations (5)
See also Journal Article ENDOGENOUS GROWTH CYCLES, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2005) View citations (47) (2005)
International Competition, Slim Firms and Wage Inequality
CESifo Working Paper Series, CESifo View citations (8)
The Empirics of Trade and Growth: Where are the Policy Recommendations ?
LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) View citations (13)
Also in Dresden Discussion Paper Series in Economics, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics (2000)
European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2004) View citations (8)
See also Journal Article The empirics of trade and growth: where are the policy recommendations?, International Economics and Economic Policy, Springer (2004) View citations (9) (2004)

2003

Capital accumulation in a model of growth and creative destruction
Royal Economic Society Annual Conference 2003, Royal Economic Society
Also in LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) (2002)
Dresden Discussion Paper Series in Economics, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics (2001)
Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (2001)
R&D expenditure in G7 countries and implications for endogenous fluctuations and growth
Dresden Discussion Paper Series in Economics, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics View citations (6)
See also Journal Article R&D expenditure in G7 countries and the implications for endogenous fluctuations and growth, Economics Letters, Elsevier (2004) View citations (95) (2004)

2002

Egalitarian and elitist education systems as the basis for international differences in wage inequality
Public Economics, University Library of Munich, Germany
See also Journal Article Egalitarian and elitist education systems as the basis for international differences in wage inequality, European Journal of Political Economy, Elsevier (2000) View citations (12) (2000)
Warum ist Deutschland Exportweltmeister? Der Einfluss laufender internationaler Transfers
Dresden Discussion Paper Series in Economics, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics

2001

Globalisation is good for you: Distributional effects of mergers caused by globalisation
Dresden Discussion Paper Series in Economics, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics View citations (1)

2000

Does trade cause growth? A policy perspective
Dresden Discussion Paper Series in Economics, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics

1999

A Poisson-Ramsey growth model: Creative destruction, endogenous cycles and growth
Technical Reports, Technische Universität Dortmund, Sonderforschungsbereich 475: Komplexitätsreduktion in multivariaten Datenstrukturen

1996

International competition, growth and welfare
Discussion Papers, Series II, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy"
See also Journal Article International competition, growth and welfare, European Economic Review, Elsevier (2001) View citations (14) (2001)
Lifetime learning, biased technological change and the evolution of wages in the U.S. 1960 - 1990
Labor and Demography, University Library of Munich, Germany
Transitional dynamics, convergence and international capital flows in two-country models of innovation and growth
International Trade, University Library of Munich, Germany View citations (2)

1994

Factor endowment, impatience and trade patterns in a small open economy of endogenous growth
International Trade, University Library of Munich, Germany
Trade pattern reversal: The role of technological change, factor accumulation and government intervention
International Trade, University Library of Munich, Germany

Journal Articles

2023

Capital income risk and the dynamics of the wealth distribution
Economic Modelling, 2023, 122, (C) View citations (2)
See also Working Paper Capital Income Risk and the Dynamics of the Wealth Distribution, CESifo Working Paper Series (2019) View citations (1) (2019)
The dynamics of Pareto distributed wealth in a small open economy
Economic Theory, 2023, 76, (2), 607-644 View citations (2)
See also Working Paper The Dynamics of Pareto Distributed Wealth in a Small Open Economy, VfS Annual Conference 2022 (Basel): Big Data in Economics (2022) (2022)

2021

The Covid‐19 containment effects of public health measures: A spatial difference‐in‐differences approach
Journal of Regional Science, 2021, 61, (4), 799-825 View citations (4)
See also Working Paper The Covid‐19 containment effects of public health measures: A spatial difference‐in‐differences approach, Publications of Darmstadt Technical University, Institute for Business Studies (BWL) (2023) (2023)

2020

Covid-19 in Deutschland – Erklärung, Prognose und Einfluss gesundheitspolitischer Maßnahmen
Perspektiven der Wirtschaftspolitik, 2020, 21, (3), 250-262 View citations (1)
See also Working Paper Covid-19 in Deutschland – Erklärung, Prognose und Einfluss gesundheitspolitischer Maßnahmen, Working Papers (2020) View citations (1) (2020)
Projecting the spread of COVID-19 for Germany
German Economic Review, 2020, 21, (2), 181-216
See also Working Paper Projecting the Spread of COVID-19 for Germany, IZA Discussion Papers (2020) View citations (6) (2020)
Projektion der COVID-19-Epidemie in Deutschland
(Projecting the Spread of COVID-19 for Germany)
Wirtschaftsdienst, 2020, 100, (4), 272-276 View citations (4)
See also Working Paper Projektion der COVID19 -Epidemie in Deutschland, Working Papers (2020) (2020)
Should Contact Bans Have Been Lifted More in Germany?
CESifo Economic Studies, 2020, 66, (2), 115-133 View citations (4)

2019

The invariant distribution of wealth and employment status in a small open economy with precautionary savings
Journal of Mathematical Economics, 2019, 85, (C), 17-37 View citations (14)
See also Working Paper The Invariant Distribution of Wealth and Employment Status in a Small Open Economy with Precautionary Savings, Working Papers (2018) (2018)

2018

Unemployment and vacancy dynamics with imperfect financial markets
Labour Economics, 2018, 50, (C), 128-143 View citations (2)
See also Working Paper Unemployment and Vacancy Dynamics with Imperfect Financial Markets, IZA Discussion Papers (2015) View citations (1) (2015)

2016

Beachtlicher Erfolg der Hartz-III-Reform
(Outstanding Success of the Hartz III Labour Market Reform in Germany)
Wirtschaftsdienst, 2016, 96, (7), 510-514
The employment effect of reforming a public employment agency
European Economic Review, 2016, 84, (C), 140-164 View citations (55)
See also Working Paper The Employment Effect of Reforming a Public Employment Agency, CESifo Working Paper Series (2015) View citations (3) (2015)

2014

Folgen der Hartz-Reformen für die Beschäftigung
Wirtschaftsdienst, 2014, 94, (2), 112-117 View citations (3)
Kurz kommentiert
Wirtschaftsdienst, 2014, 94, (5), 308-310

2013

ESTIMATING INCENTIVE AND WELFARE EFFECTS OF NONSTATIONARY UNEMPLOYMENT BENEFITS
International Economic Review, 2013, 54, (4), 1159-1198 View citations (21)
See also Working Paper Estimating Incentive and Welfare Effects of Non-Stationary Unemployment Benefits, IZA Discussion Papers (2010) View citations (20) (2010)

2012

How trade unions increase welfare
Economic Journal, 2012, 122, (563), 990-1009 View citations (31)
See also Working Paper How Trade Unions Increase Welfare, CESifo Working Paper Series (2011) (2011)

2011

On the link between volatility and growth
Journal of Economic Growth, 2011, 16, (4), 285-308 View citations (30)
Production technologies in stochastic continuous time models
Journal of Economic Dynamics and Control, 2011, 35, (4), 616-622 View citations (21)
See also Working Paper Production Technologies in Stochastic Continuous Time Models, CESifo Working Paper Series (2009) (2009)

2009

Pareto-Improving Unemployment Policies
FinanzArchiv: Public Finance Analysis, 2009, 65, (2), 220-245 View citations (1)
See also Working Paper Pareto-Improving Unemployment Policies, Working Papers (2007) (2007)

2008

Corrigendum to "Optimal saving under Poisson uncertainty" [J. Econ. Theory 87 (1999) 194-217]
Journal of Economic Theory, 2008, 140, (1), e5-e9
Publish or Perish? The Increasing Importance of Publications for Prospective Economics Professors in Austria, Germany and Switzerland
German Economic Review, 2008, 9, (4), 457-472 View citations (47)
Also in German Economic Review, 2008, 9, (4), 457-472 (2008) View citations (43)

2007

Bequests, taxation and the distribution of wealth in a general equilibrium model
Journal of Public Economics, 2007, 91, (7-8), 1247-1271 View citations (39)
See also Working Paper Bequests, Taxation and the Distribution of Wealth in a General Equilibrium Model, CESifo Working Paper Series (2006) View citations (6) (2006)
International Trade, Hedging, and the Demand for Forward Contracts*
Review of International Economics, 2007, 15, (2), 414-429 View citations (1)
See also Working Paper International Trade, Hedging and the Demand for Forward Contracts, W.E.P. - Würzburg Economic Papers (2006) (2006)
International competition, downsizing and wage inequality
Journal of International Economics, 2007, 73, (2), 396-406 View citations (12)

2006

Relative Price Changes, Wages and Unemployment in a Specific Factors Model with Search Frictions
Review of Development Economics, 2006, 10, (3), 400-410 View citations (10)
“Itô's Lemma” and the Bellman Equation for Poisson Processes: An Applied View
Journal of Economics, 2006, 89, (1), 1-36 View citations (14)
See also Working Paper “Itô’s Lemma“ and the Bellman Equation for Poisson Processes: An Applied View, CESifo Working Paper Series (2006) View citations (10) (2006)

2005

ENDOGENOUS GROWTH CYCLES
International Economic Review, 2005, 46, (3), 867-894 View citations (47)
See also Working Paper Endogenous growth cycles, LIDAM Discussion Papers IRES (2004) View citations (5) (2004)

2004

R&D expenditure in G7 countries and the implications for endogenous fluctuations and growth
Economics Letters, 2004, 82, (1), 91-97 View citations (95)
See also Working Paper R&D expenditure in G7 countries and implications for endogenous fluctuations and growth, Dresden Discussion Paper Series in Economics (2003) View citations (6) (2003)
The empirics of trade and growth: where are the policy recommendations?
International Economics and Economic Policy, 2004, 1, (2), 275-292 View citations (9)
See also Working Paper The Empirics of Trade and Growth: Where are the Policy Recommendations ?, LIDAM Discussion Papers IRES (2004) View citations (13) (2004)

2002

The economic determinants of technology shocks in a real business cycle model
Journal of Economic Dynamics and Control, 2002, 27, (1), 1-28 View citations (41)

2001

Efficiency and Equity Effects of Subsidies to Higher Education: Erratum
Oxford Economic Papers, 2001, 53, (1), 187
International competition, growth and welfare
European Economic Review, 2001, 45, (8), 1439-1459 View citations (14)
See also Working Paper International competition, growth and welfare, Discussion Papers, Series II (1996) (1996)

2000

Efficiency and Equity Effects of Subsidies to Higher Education
Oxford Economic Papers, 2000, 52, (4), 702-22 View citations (47)
Egalitarian and elitist education systems as the basis for international differences in wage inequality
European Journal of Political Economy, 2000, 16, (3), 445-468 View citations (12)
See also Working Paper Egalitarian and elitist education systems as the basis for international differences in wage inequality, Public Economics (2002) (2002)

1999

A Model of Creative Destruction with Undiversifiable Risk and Optimising Households
Economic Journal, 1999, 109, (454), C156-71 View citations (21)
Book reviews
Journal of Economics, 1999, 69, (2), 189-216
Optimal Saving under Poisson Uncertainty
Journal of Economic Theory, 1999, 87, (1), 194-217 View citations (40)

1996

Proof of global stability, transitional dynamics, and international capital flows in a two-country model of innovation and growth
Journal of Economics, 1996, 64, (1), 53-84 View citations (8)

1994

On an additional condition for factor-price equalisation in intertemporal Heckscher-Ohlin models
Economics Letters, 1994, 44, (4), 411-414 View citations (1)
Unequal factor prices and incomplete specialization in a Heckscher-Ohlin model of endogenous growth
Journal of Economics, 1994, 59, (3), 311-323 View citations (3)

Books

2008

Applied Intertemporal Optimization
Books, Business School - Economics, University of Glasgow View citations (6)

Details about Klaus Wälde

Working Papers

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