The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs without controlling for heterogeneity. This paper...

In this paper, we estimate pass-through rates of import price changes to retail prices across retailers and consumers for apparel purchases in Germany for the period of 2000 to 2007. We find that high-price retailers do not pass through changes in the import price. Pass-through rates for...

Income inequality and poverty risks receive a lot of attention in public debates and current research. However, the situation of families that differ in size and composition is rarely considered more closely in this context. Relevant research typically relies on equivalence scales to make income...

Income inequality and poverty risks receive a lot of attention in public debates and current research. However, the situation of families that di?er in size and composition is rarely considered more closely in this context. Relevant research typically relies on equivalence scales to make income...