Credit affects individuals’ perceptions and experiences of inequality. Having access to credit enables those in lower- and middle-income groups to consume an array of products and services that they otherwise would not be able to afford, thereby taking the edge off discontent. Citizens with...

Overall growth rates mean different things to different people. Hence, they can easily misrepresent what happens to living standards and "quality of life". This paper focuses on patterns and interrelationships between the size and the distribution of the dividends of growth, not on summary...

Glaubt man dem neuesten Armutsbericht der Bundesregierung, sind 13% der Bevölkerung in Deutschland armutsgefährdet. Sind die derzeit aus den Medien zu hörenden Alarmrufe angebracht, oder leidet die öffentliche Diskussion unter einer Begriffsverwirrung und wird durch ein statistisches...