Economic freedom affects wellbeing as numerous studies have shown. But there are differences among countries: while in some countries a low level of economic freedom already leads to high wellbeing, the same level of economic freedom in other countries may not be sufficient to achieve even...

German unifikation hit the West German economy in a prosperous and appeared as a huge demand shock at least for the first few quarters. This combination resulted in a major increase of imports from the main trading partners of West Germany, which may have helped to cushion recessionary trends...

The cross-national intragenerational income mobility literature assumes within-country mobility is invariant over the period measured. We argue that a great social transformation - German reunification - abruptly and permanently altered economic mobility. Using standard measures of mobility...