Wer ist eigentlich schuld an der Finanzmarktkrise? Teile der Politik und der Medien bieten ebenso einfache wie eingängige Erklärungen an: Schuld seien "die Gier der Banker" und allgemein ein "Versagen des Kapitalismus". Aus dieser Sicht konsequent werden für die Zukunft vor allem umfassendere...

In this paper we argue that future inflation in an economy depends on the way people perceive current inflation, their inflation sentiment. We construct some simple measures of inflation sentiment which capture whether price acceleration is shared by many components of the CPI basket. In a...

Recently, building on the highly polarizing Stiglitz report, a growing literature suggests that statistical offices and applied researchers explore other aspects of human welfare apart from material well-being, such as job security, crime, health, environmental factors and subjective...

Recently, building on the highly polarizing Stiglitz report, a growing literature suggests that statistical offices and applied researchers explore other aspects of human welfare apart from material well-being, such as job security, crime, health, environmental factors and subjective...

This paper addresses the question of whether the effect of parental drinking on children’s later consumption of alcohol – which is frequently found to be of positive sign – exhibits a certain pattern of heterogeneity. In particular, if this effect is more prominent in the upper tail than...

This paper examines the patterns of educational assortative mating in East and West Germany. In the literature it is well known that individuals do not mate randomly with respect to social and cultural traits, and that highly assortative mating can lead to polarization and exacerbate economic...