Six years after the start of the Great Recession, the economic and socialsituation in the euro area is still depressed and fragile as shown by key macroeco-nomic indicators. Growth will not exceed 0.8% in 2014 after two consecutiveyears of recession. The risk of deflation is increasing as...

Rising inequality is the elephant in the European room: everybody knows it is there and that it is an obvious problem, but no one wants to either discuss the problem or address it. Macroeconomic issues have taken the front seat, andinequality might be dropped in the conversation when it has...

Following recent empirical evidence which indicates the importance of rank for the determination of workers’ wellbeing, this paper introduces status seeking preferences in the form of rank-dependent utility functions into a moral hazard framework with one firm and multiple workers, but no...

In der Studie werden unterschiedliche nichtmonetäre Investitionshemmnisse der öffentlichen Hand, die schon seit Längerem in der politischen und wissenschaftlichen Diskussion problematisiert werden, näher untersucht. Betrachtet werden die Kapazitätsauslastung im Baugewerbe, die...