The use of asymptotic critical values in stationarity tests against the alternative of a unit rot process is known to lead to overrejections in finite samples when the considered process is stationary but highly persistent. We claim that in recent parametric tests this is caused by estimation...

Healthcare expenditure has increased substantially in all western industrialized countries in the last decades. The necessity to contain the increase in health care expenditure has motivated the Analysis of its determinants to explain differences across countries and health systems. However,...

Der souveräne Bildungsstaat garantiert Bildung als Bürgerrecht und als attraktive persönliche Lebenschance. Er nutzt Bildung zur Förderung von Wirtschaftswachstum und Wohlstand in einer Welt mit internationalem Wettbewerb auf immer mehr Gebieten und als Mittel sozialer und kultureller...

In this paper, we abandon the stylized median voter and study (i) how distributional tensions can act in many different ways depending on social affinity and on the prospect of upward or downwardmobility of the different income classes, (ii) income distribution dynamics, intergenerational...