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The study follows Modiglianis "Life Cycle Hypothesis" and surveys the influence of private income and wealth to private … relationship between consumption and income. The dependency from wealth, which is presented in the literature, cannot be confirmed … seasonally integrated relations: This estimation shows the influence of both variables, income and wealth, on consumption. …
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Das Konzept einer redistributiven Sozialpolitik scheint schon seit längerem in Deutschland an seine Grenzen gestoßen zu sein: Die durchgehend mit einer erheblichen Umverteilungskomponente versehenen sozialen Sicherungssysteme haben einerseits zu unerträglichen Belastungen insbesondere der...
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