This paper uncovers ongoing trends in idiosyncratic earnings volatility across generations by decomposing residual earnings auto-covariances into a permanent and a transitory component. We employ data on complete earnings life cycles for prime age men born 1935 through 1974 that covers earnings...

This paper uncovers ongoing trends in idiosyncratic earnings volatility across generations by decomposing residual earnings auto-covariances into a permanent and a transitory component. We employ data on complete earnings life cycles forprime age men born 1935 through 1974 that covers earnings...

This paper uncovers ongoing trends in idiosyncratic earnings volatility across generations by decomposing residual earnings auto-covariances into a permanent and a transitory component. We employ data on complete earnings life cycles for prime age men born 1935 through 1974 that covers earnings...

To counteract the financial pressure emerging in aging societies, statutory pay-as-you-go pension schemes are undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper examines the...

To counteract the financial pressure emerging in aging societies, statutory pay-as-you-go pension schemes are undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper examines the...

To counteract aging populations, statutory pay-as-you-go pension systems are subject to fundamental reforms in many Western societies. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper examines the evolution of the profitability of...

Nach der leichten Rezession im Winter ist die deutsche Wirtschaft mittlerweile auf Erholungskurs. Zwar haben der Krieg in der Ukraine, die Rekordinflation und die befürchtete Gasmangellage ihre Spuren hinterlassen und die deutsche Wirtschaft in Mitleidenschaft gezogen. Ein drastischer...

Die deutsche Wirtschaft ist zuletzt kaum vom Fleck gekommen. Nach der Winterrezession und einer Stagnation im zweiten Quartal geht es nun in Trippelschritten bergauf. Kräftigere Zuwächse der Löhne und Gehälter zusammen mit einer niedrigeren Inflation dürften den Startschuss für eine...