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Do Wealthier Households Save More?: The Impact of the Demographic Factor

Belke, Ansgar; Dreger, Christian; Ochmann, Richard - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic …

Persistent link: https://www.econbiz.de/10010551077

Human Rights Violations After 9/11 and the Role of Constitutional Constraints

Goderis, Benedikt; Versteeg, Mila - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

Persistent link: https://www.econbiz.de/10008519459

Pension Reform Options for Russia and Ukraine: A Critical Analysis of Available Options and Their Expected Outcomes (with a Focus on Labour Market, Industrial Restructuring and Pub...

Góra, Marek; Rohozynsky, Oleksandr; Sinyavskaya, Oxana - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

those targets. In all cases there may be costs and/or savings problems (as well as liquidity problems, which are not a "cost …

Persistent link: https://www.econbiz.de/10008470334

Would a Legal Minimum Wage Reduce Poverty?: A Microsimulation Study for Germany

Müller, Kai-Uwe; Steiner, Viktor - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008

In view of rising wage inequality and increasing poverty, the introduction of a legal minimum wage has recently become an important policy issue in Germany. We analyze the distributional effects of the introduction of a nationwide legal minimum wage of € 7.5 per hour on the basis of a...

Persistent link: https://www.econbiz.de/10005068695

Too Rich to Do the Dirty Work?: Wealth Effects on the Demand for Good Jobs

Haywood, Luke - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

Jobs offer different wages and different non-monetary working conditions. This paper investigates how the demand for non-monetary aspects evolves over changing wealth levels. Wages do not perfectly compensate individuals for differential utility of jobs in a labour market with informational...

Persistent link: https://www.econbiz.de/10010734431

Labor Market and Income Effects of a Legal Minimum Wage in Germany

Müller, Kai-Uwe; Steiner, Viktor - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

In view of rising wage and income inequality, the introduction of a legal minimum wage has recently become an important policy issue in Germany. We analyze the distributional effects of a nationwide legal minimum wage of 7.50 € per hour on the basis of a microsimulation model which accounts...

Persistent link: https://www.econbiz.de/10008486882

Investor Protection and Share Prices: Evidence from Statutory Rules Governing Variations of Shareholders' Class Rights in Russia

Muravyev, Alexander - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

This paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their...

Persistent link: https://www.econbiz.de/10005068994

Are Private Equity Investors Good or Evil?

Badunenko, Oleg; Barasinska, Nataliya; Schäfer, Dorothea - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

The paper investigates the motives of activity (entry and exit) of Private Equity (PE) investors in European companies. Investment of a PE firm is not viewed unambiguously. First, it is claimed that PE investment is made for the sake of seeking short-term gains by taking control and utilizing...

Persistent link: https://www.econbiz.de/10004963859

Does the Tenure of Private Equity Investment Improve the Performance of European Firms?

Badunenko, Oleg; Baum, Christopher F.; Schäfer, Dorothea - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

The paper investigates whether the presence and tenure of Private Equity (PE) investment in European companies improves their performance. Previous studies documented the unambiguous merit of a buyout during the 1980s and 1990s for listed firms in the US and UK markets. This study analyzes such...

Persistent link: https://www.econbiz.de/10008541302

Dual Class Stock in Russia: What Explains the Price Differential between Common and Preferred Shares?

Muravyev, Alexander - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

This paper aims to explain the large premium paid on common (voting) shares relative to preferred (non-voting) shares in the Russian stock market. Empirical analysis focuses on two main explanations relating the premium either to the voting right attached to common shares or to differences in...

Persistent link: https://www.econbiz.de/10005068793