In the present paper the effects of different pay-as-you-go pension systems on fertility decisions of a representative household are examined. Thereby, the analysis focuses especially on the interplay of parental quantity and quality decisions, introduced by Becker (1960). As it will be shown, a...

The Covid-19 pandemic is not only endangering the health of people worldwide, but is also causing an economic recession. Given past experience, office markets, particularly the prime market, are reacting very strongly to economic downswings. This paper attempts to derive a likely scenario for...

Even though the cost for owner-occupied homes fell sharply in the last years, homeownership rates in the EU remain sluggish. Sound economic policy would promote homeownership especially as rents are on the rise. Policies that facilitate schemes such as equity release options, housing saving...

Home buyers in Germany not only have to pay high down payments for financing their property, but they also have to pay high transaction costs. Besides the transaction tax, also notary fees and the entry in the land register sum up to a considerable amount. The cases of the Netherlands and the...

Long-term financing plays an important part in calming the markets and thus ensuring the stability of economies. The German market for residential real estate financing provides an impressive example of this. However, new financial market regulations such as Basel III and Solvency II will cause...

The British referendum might be a game changer for financial centres competitiveness. The City of London might lose business after Brexit as the United Kingdom loses access to the European Union's (EU) single market. But London might stay competitive as a global offshore financial centre as long...

Home buyers in Germany not only have to pay high down payments for financing their property, but they also have to pay high transaction costs. Besides the transaction tax, also notary fees and the entry in the land register sum up to a considerable amount. The cases of the Netherlands and the...