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We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in … increase in their prices and in German wages. This mechanism is magnified by the low price elasticity of the demand for German …
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-generational income development. It proves that the demographic distribution mass makes it possible for wages and pensions to grow … simultaneously in an ageing and stagnating economy. In a second step, the development of wages and pensions is simulated for the …
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