New jobs at the Chair in Macroeconomics

Research topics at the chair

The research group on macroeconomics works on a large variety of research topics. Most activities focus on innovative analyses of the labour market on the one hand and on the widely discussed and highly promising interaction between economics and psychology on the other. We also have some interest in international trade theory.

Labour market analyses are undertaken in the spirit of trying to understand reasons for inequality and what can be done to reduce it. A current major question asks “how to reduce unemployment without creating poverty”. Analyses of unemployment also interact with analyses of wealth distributions. One project analyses the determinants of the evolution of the wealth distributions of the NLSY 79 cohort of the US. The analysis is based on Fokker-Planck equations.

The field of economics and psychology is huge, not yet much researched (at least comparatively speaking) but growing in importance. Our research group tries to understand how to handle stress and how stress affects communication patterns. We also study to which extent individual behaviour is driven both by external stimuli (such as advertisements) in some automatic and subconscious fashion and by reason in a more controlled way. A broad theme in this area would consist in the claim that self-knowledge is the way forward to happiness of mankind (‘Selbsterkenntnis ist der Weg zum Glück der Menschheit’).

Our analyses in trade theory look at the adjustment process once countries open up to trade and the effect this has on imperfect competition, markups, output and welfare. The novel feature lies in the analysis of how distributions of markups evolve over time. This analysis is also based on Fokker-Planck equations.

Some references to these analyses undertaken by our research group include Donado and Wälde (2012) and Launov and Wälde (2013, 2014) on labour markets and Bayer and Wälde (2013) on precautionary saving and wealth distributions. The project on ‘stress and coping’ is by Wälde (2014). The interaction between automatic and controlled behaviour is analysed jointly with Dennis Krieger and psychologists from the University of Würzburg (David Dignath and Andreas Eder from the group of Fritz Strack).

A general background to modelling of emotions and related concepts in economics is available at the Center for Emotional Economics. More information on the labour market (in German) is available and publications by Klaus Wälde are here.

The comparative advantage of the research group lies in theoretical modelling. The background of many analyses is provided by the highly downloaded textbook “Applied Intertemporal Optimization”. PhD students will be introduced to these methods. We strongly cooperate with econometricians when undertaking structural estimation or with psychologists when running experiments. We also hold close links to mathematicians (Matthias Birkner in stochastics and others in numerical analysis) at our University and beyond.

Members of the chair regularly present their work and are invited to workshops in Germany, Europe, Asia and North America. We provide funds for PhD students who want to present their work at national and international conferences. At the same time we are strongly committed to work-life balances and support the compatibility of family and professional life.

PhD positions in our group

We currently offer PhD positions at our chair. Interested students can work in any of the above fields. We strongly value intrinsic motivation. We look for someone who shares our research interests and offer constructive and publication-focused supervision.

Research on labour markets can cover anything from the dynamics of wage distributions to wealth distributions and alternatives to minimum wages. While the latter make sure that net wages are high, they also entail the risk of causing unemployment. One could therefore ask “how to reduce poverty without creating unemployment”. Students that are interested in analyses of international trade and the effect on labour markets are also encouraged to apply.

Positions are available as soon as an appropriate candidate has been identified. We look forward to receiving your applications (by email to: macroeconomics(at) by 12 April.

The positions are paid according to the standard German pay scheme (EG 13). PhD students would hold 50% of a position. Some knowledge of German is an advantage and the willingness to learn German is a plus. Teaching can be undertaken in English. The duration of the positions is two times 2 years. The latest starting point is the beginning of the winter term 2015/16.

Dynamic Aspects of Stress at work

4 PhD scholarships and 1 Post-Doc Position available for a newly founded graduate programme - see

Lehrstuhlvertretung für das Wintersemester 2015/16

Die wirtschaftswissenschaftliche Abteilung der Johannes Gutenberg-Universität Mainz sucht eine Lehrstuhlvertretung für den Lehrstuhl für Makroökonomik vom 1. Oktober 2015 bis 31. März 2016. Der Lehrstuhlinhaber geht für diesen Zeitraum in Elternzeit. Der Lehrstuhlvertreter bzw. die Vertreterin führt den Lehrstuhl, erhält ein übliches Budget und die Unterstützung der Mitarbeiter und des Sekretariats des Lehrstuhls.

Das Lehrdeputat in Rheinland-Pfalz beläuft sich auf 9 SWS. Die im Wintersemester zu haltenden Lehrveranstaltungen sind Makroökonomie I (Pflichtveranstaltung 3. Semester Bachelor, 4 SWS), Advanced Macroeconomics (auf Englisch, Pflichtveranstaltung im 1. Semester Master, 2 SWS, siehe und Mathematical Methods (auf Englisch, Pflichtveranstaltung im 1. Semester im Doktorandenprogramm, 2 SWS, siehe Die Fähigkeit, in englischer Sprache in unseren englischsprachigen Master- und Promotionsprogrammen zu unterrichten ist essentiell.

Komplette Vorlesungsunterlagen mit Tutorien sind für Makro I und weitere Veranstaltungen vorhanden. Mitarbeiter des Lehrstuhls haben die dazugehörigen Übungen und Tutorien bereits gehalten und würden dies im Wintersemester wieder tun. Mehr Informationen zum Lehrstuhl sind erhältlich unter

Die Vertretung wird vergeben, sobald ein(e) geeignete(r) Kandidat(in) gefunden wurde. Alle Bewerbungen an werden in pdf-Format per Email bis spätestens 12. April erbeten. Informelle vorherige Anfragen sind willkommen und direkt an Klaus Wälde (siehe zu richten.