Using data from the German Socio-Economic Panel (GSOEP), this paper analyzes the dynamics of equivalent income in Germany in the eighties and nineties. Special emphasis is given to the separation of permanent and transitory components, the persistence of transitory shocks and their implications...

A quarter-century after reunification, labor productivity in eastern Germany continues to lag systematically behind the West. Denison-Hall-Jones point-in-time estimates point to large gaps in total factor productivity as the proximate cause, and auxiliary measurements which do not rely on...

Für den wirtschaftlichen Aufholprozeß der neuen Bundesländer nach der Vereinigung Deutschlands spielt die Finanzierung kleiner und mittelständischer Unternehmen (KMU) eine Schlüsselrolle. Die deutschen Banken sehen sich oft dem Vorwurf ausgesetzt, bei der Kreditvergabe an diese Unternehmen...

We estimate a linear and a piecewise linear Phillips curve model with regional labor market data for West German and Neue Länder. Employing regional observations allows us to country difference the data. This eliminates, under the assumption of homogeneous Länder, supply shocks and changes in...

Survey data from the United States, West Germany and East Germany are analyzed to compare individual attitudes towards political redistribution in each country. In West Germany the homo oeconomicus effect , the social rivalry effect and the public values effect simultaneously retain an...

A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real incomes in the east have now reached the western level, and investment per capita has been much higher than in the w est. However, every third deutschmark spent in the east has been...

Die Finanzhilfen der Bundesländer und ihrer Gemeinden sind beträchtlich. Für das Jahr 2001 wurde ein Betrag von insgesamt 70,6 Mrd. Euro ermittelt. Er entspricht mehr als der Hälfte des gesamten Lohnsteueraufkommens, das freilich um das Kindergeld reduziert ist, oder 3,4 Prozent des...

Until the mid-1980s, labour markets in Germany were characterized by a high level of employment stability. Employment biographies of men were dominated by full-time employment in both East and West Germany and were hence quite similar in this respect, despite the two regions' enormously...

This paper analyses whether and since when East and West German business cycles are synchronised. We investigate real GDP, unemployment rates and survey data as business cycle indicators and employ several empirical methods. Overall, we find that the regional business cycles have synchronised...