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The role of asset markets for private consumption: evidence from paneleconometric models

Dreger, Christian; Reimers, Hans-Eggert - 2009

We explore the long and short run relationship between private consumption, disposable income and housing and financial wealth approximated by price indices for a panel of industrialized countries. Consumption, income and wealth are cointegrated in their common, but not in their idiosyncratic...

Persistent link: https://www.econbiz.de/10010271108

On the Stability of the German Beveridge Curve: A Spatial Econometric Perspective

Kosfeld, Reinhold; Dreger, Christian; Eckey, Hans-Friedrich - 2006

In this paper, the framework of the aggregated Beveridge curve is used to investigate the effectiveness of the job matching process using German regional labour market data. For a fixed matching technology, the Beveridge curve postulates a negative relationship between the unemployment rate and...

Persistent link: https://www.econbiz.de/10010260953

European Regional Convergence in a Human Capital Augmented Solow Model

Eckey, Hans-Friedrich; Dreger, Christian; Türck, Matthias - 2006

In this paper, the process of productivity convergence is investigated for the enlarged European Union using regional (NUTS-2) data. The Solow model extended by human capital is employed as a workhorse. Alternative strategies are proposed to control for spatial effects. All specifications...

Persistent link: https://www.econbiz.de/10010260988

Probleme einer steigenden Lebenserwartung in der privaten Rentenversicherung : Theorie und Empirie für Deutschland

Leinert, Johannes; Wagner, Gert G. - 2001

An unexpected increase in life expectancy has implications for private pensions (annuities). These can be offset by … pensions increases in the future. …

Persistent link: https://www.econbiz.de/10010260774

The Political Economy of Natural Disaster Insurance: Lessons from the Failure of a Proposed Compulsory Insurance Scheme in Germany

Schwarze, Reimund; Wagner, Gert G. - 2006

Dieses Papier untersucht die politisch-ökonomischen Gründe für die Ablehnung einer Versicherungspflicht für …

Persistent link: https://www.econbiz.de/10010277057

Eigenständige soziale Sicherung in der modernen Erwerbsgesellschaft

Wagner, Gert G. - 1991

Persistent link: https://www.econbiz.de/10010335753

Zur Logik der Rentenanpassung - ein konstitutionenökonomischer Vorschlag

Voigt, Stefan; Wagner, Gert G. - 2000

Staatlich organisierte Altersvorsorgesysteme, die in Umlage finanziert werden (in Deutschland ist dies die gesetzliche Rentenversicherung [GRV]), bedürfen einer expliziten Regelung, wie hoch die Renten sein sollen bzw. wie die laufenden Renten den veränderten ökonomischen Rahmenbedingungen...

Persistent link: https://www.econbiz.de/10010277053

Reform of the public pension system in Germany

Konrad, Kai A.; Wagner, Gert G. - 2000

This paper studies the current crisis in the German pension system and discusses the various reform proposals.

Persistent link: https://www.econbiz.de/10010260737

Do wealthier households save more? The impact of the demographic factor

Belke, Ansgar; Dreger, Christian; Ochmann, Richard - 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/10010287332

M3 money demand and excess liquidity in the euro area

Dreger, Christian; Wolters, Jürgen - 2008

Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find evidence in favour of a stable long run money demand function. The equation appears to be increasingly unstable if more recent data are used. If the link between money balances and...

Persistent link: https://www.econbiz.de/10010291768