In this paper, we address the question whether increasing households' financial market access improves welfare in a financial system in which there is intense competition among banks for private households' funds. Following earlier work by Diamond and by Fecht, we use a model in which the degree...

This paper studies the effect of individual and spousal characteristics on the labour force participation of elderly two-adult households. The comparative approach studies men and women separately and uses the first 8 waves (1994-2001) of the European Household Panel (ECHP). We compare results...

This paper empirically investigates the effects of differential income taxation on households' portfolio choice and asset allocation applying a two-stage budgeting model of asset demand to German survey data. The model is structured into the discrete asset choice and the continuous asset choice,...

This paper investigates the effects of media coverage and macroeconomic conditions on inflation forecast disagreement of German households and professional forecasters. We adopt a Bayesian learning model in which media coverage of inflation affects forecast disagreement by influencing...

This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first examine the impact of manifested risk aversion on the total number of distinct assets held in a portfolio (naive diversification). The second part of the paper focuses on a more...

We examine the poverty rates and the income configurations among Japan and the LIS countries. The LIS countries are Germany, Italy, the UK, Denmark, the US, and Taiwan. We divide household including elderly into five types: living alone, couples only, living with their married children, living...

The paper investigates the definition of equity-regarding poverty measures when there are different household types in the population. It derives the implications of a between-type regressive transfer principle for poverty measures, for the choice of poverty lines and for the measurement of...

Im März 1999 hat der Deutsche Bundestag das "Gesetz zum Einstieg in die ökologische Steuerreform", im November 1999 das Gesetz zur "Fortführung der ökologischen Steuerreform" beschlossen. Der vorliegende Beitrag analysiert die zu erwartenden Verteilungswirkungen der fünf Reformstufen auf...