The last three decades have witnessed rising inequality and deepening financialization (however defined) in post-industrial democracies. A rapidly growing body of literature has linked the two phenomena (see e.g. Dünhaupt 2014, Godechot 2016, Flaherty 2015, Roberts and Kwon 2017). Contrary to...

Advanced industrial democracies experience increasing inequalities or at least a new trade-off between equality and growth: liberal welfare states opted for growth and accepted rising inequality, while conservative welfare states tried to hold back inequality, thereby accepting lower growth, and...

Since 2001, an increasing income inequality can be observed in most EU Member States. On aggregate level, this development is not reflected by statistics. They indicate growing average wages in real terms. Detailed statistics on average wages of different income classes reveal a tendency of...

Empirical studies on income distribution and poverty have indicated that the public transfer system has been successful in terms of poverty and inequality reduction in welfare states. However, very little attention has been paid to private transfers in this analysis. Recently, while there has...

The continuous decline in the fertility rate has been witnessed since 1980 in Japan. Japan’s total fertility rate in 2005 is 1.32, which is far below the replacement rate, 2.08. One of the main reasons for declining the fertility rate is the delay in marriage or even shy away from marriage...