Nearly 25 years after the German reunification, vastly different living conditions between East and West Germany still remain. This is particularly true for the distribution of net wealth which is of special importance for the well-being of individuals. Wealth provides utility in a number of...

We study the role of parental wealth for children's educational and occupational outcomes across three types of welfare states and outline a theoretical model that assumes parental wealth to impact offspring's attainment through two mechanisms, wealth's purchasing function and its insurance...

While global extreme poverty and global income inequality have decreased over the last decades before the Corona pandemic, inequality within many industrialized countries has increased. In Germany, net income inequality has increased after the German reunification, but since 2005 there has...