The distribution of income and wealth in Germany grew increasingly unequal until the beginning of the financial crisis. But inequality has not risen in either Germany or Switzerland since 2005. Nevertheless, Germans overestimate inequality. The German gap between reality and perception of...

Die gegenwärtige Ruhe in der Eurozone trügt. Der Euro steht weiter auf der Kippe. Das Machtwort von Mario Draghi hat nichts gelöst. Die Dreifach-Krise - Banken-, Staatsschulden- und Wettbewerbskrise - schwelt weiter. Das Grundübel der Währungsunion ist multiples 'moral hazard'....

What are the causes of social mobility in a society? Whereas this question is of great interest for both researchers and policymakers, empirical studies concerning cross-country evidence usually suffer from small sample biases as intergenerational income elasticities are only available for a...