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Anglo-Saxon countries have been successful in the 1990s concerning labor market performance compared to the former role models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial markets with bank-based financial markets as in Germany...
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called "Juncker-Plan" which aims to boost investment across Europe. In our contribution we focus on retirement savings and … investment for growth aspects of the CMU. We find that Europeans indeed accumulate savings but do not invest and thus do not … prepare for retirement. Additionally, long-term investment could foster growth in the European Union (EU). We argue that the …
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