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A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … west German per capita level, and convergence seems to have come to a halt at an overall labor productivity of only 55% of … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …
Persistent link: https://www.econbiz.de/10009781521
A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … west German per capita level, and convergence seems to have come to a halt at an overall labor productivity of only 55% of … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …
Persistent link: https://www.econbiz.de/10012471183
A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … below the west German per capita level, and convergence seems to have come to a halt at an overall labor productivity of … only 59% of west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative …
Persistent link: https://www.econbiz.de/10014117394
A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … west German per capita level, and convergence seems to have come to a halt at an overall labor productivity of only 55% of … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …
Persistent link: https://www.econbiz.de/10013321068
A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … west German per capita level, and convergence seems to have come to a halt at an overall labor productivity of only 55% of … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …
Persistent link: https://www.econbiz.de/10013132721
Persistent link: https://www.econbiz.de/10000347027
Persistent link: https://www.econbiz.de/10000642969
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Persistent link: https://www.econbiz.de/10001081629
Based on explicit present value calculations, the paper criticizes the view that the PAYGO system wastes economic resources. In present value terms, there is nothi ng to be gained from a transition to a funded system even though the latter offers a permanently higher rate of return. The sum of...
Persistent link: https://www.econbiz.de/10009781690