Die Betrachtung der Gini-Koeffizienten sowohl vor als auch nach Umverteilung zeigt, dass die Verteilung der persönlichen Einkommen in den USA zwischen 1947 und 2020 ungleicher geworden ist. Dieser Beitrag untersucht die möglichen Konzepte, die den Zielvorgaben für die Einkommensverteilung...

Only a few years ago, it was a widespread belief that globalisation would trigger processes of democratisation worldwide. However, even old and established democracies such as the United States have recently revealed serious weaknesses. This article shows that the US election system is heavily...

Bertrand's model of price duopoly with differentiated products is able to explain not only the behavior of walk-in customers, but also that of walk-in voters. The existence of a significant number of walk-in voters, in turn, explains a major characteristic of the so-called swing states in US...

The debt crisis of the developing countries, which loomed so large at the beginning of the eighties, appears for the time being to have been overcome. However, under the surface problems are growing that could give a debt crisis among the developing countries an entirely new dimension. Under...

The question whether European Monetary Union should include all the EC countries from the start or should initially be limited to a few core countries is again being discussed more intensely. What advantages would a small EMU have from an economic point of view? Which countries should be its...

The US, one of the oldest democracies in the world, needs to face deficiencies in its electoral system. The first one has to do with the so-called 'Electoral College.' Ruled by the majority principle, it may lead to almost paradoxical results: a candidate may win far less than 50 percent of the...

Portugal's high public debt, its weak economic growth and its great attractiveness for foreign tourists are legend. Less well known is its unstable system of public pensions. This article addresses the underlying economic and political reasons, such as poor labour productivity, low real wages,...

Zu den langfristigen Bestimmungsgründen der Umlaufgeschwindigkeit des Geldes: Ein sektoraler Ansatz Bei der Erforschung der u.a. von Bordo/Jonung festgestellten Trendwenden in der Umlaufgeschwindigkeit sowie der beobachteten Schwankungen der Geldnachfrage standen bisher monetäre Erklärungen...

In this paper, we defend the idea of the potential existence of equilibrium in personal income distribution in Germany. This concept can be motivated by two different approaches: One is a status theory put forward by Gerold Blümle, the other is a sort of hybrid variant of the prospect theory,...