Showing 1 - 10 of 11
Based on explicit present value calculations, the paper criticizes the view that the PAYGO system wastes economic resources. In present value terms, there is nothi ng to be gained from a transition to a funded system even though the latter offers a permanently higher rate of return. The sum of...
Persistent link: https://www.econbiz.de/10009781690
The analogy between the economic problems of the Mezzogiorno region and East Germany has been initially contested by …
Persistent link: https://www.econbiz.de/10009781655
The upcoming demographic crisis in Germany demands fundamentalreforms of the pension system. In a democracy, reforms …. After 2023, Germany will be characterizedby a gerontocratic system where the old decide over the young. Only the fearthat …
Persistent link: https://www.econbiz.de/10011400295
Germany is small by comparison, with purchases of German government bonds increasing substantially, in particular by Spanish … look at the components of this reversal of capital flows for the case of Germany. Its main finding is that most of the … and Irish investors. Some foreign capital even left Germany. In net terms, over the years 2008, 2009 and 2011 foreigners …
Persistent link: https://www.econbiz.de/10009689403
,000 pumped storage plants, which is 183 times Germany's current capacity, would nevertheless be huge. Taking the volatility of … difficult for Germany to pursue its energy revolution beyond merely replacing nuclear fuel towards a territory where it can also …
Persistent link: https://www.econbiz.de/10011488155
Persistent link: https://www.econbiz.de/10003363929
A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …
Persistent link: https://www.econbiz.de/10009781521
Germany is in a dilemma. Low wage competition via product and factor markets increases the demands on the welfare state …
Persistent link: https://www.econbiz.de/10009781597
wealth equivalents and anticipating the Greek participation, Germany will lose 30 billion (or 59 billion deutschmarks) and …
Persistent link: https://www.econbiz.de/10009781634
The paper studies the role of international implications after EU enlargement. Based on a formal model with migration costs for both capital and labor, it predicts a two-sided migration from the new to the old EU countries which is later reversed. As the migration pattern chosen by market forces...
Persistent link: https://www.econbiz.de/10009781677