Neue Zahlen, neue Fakten als der Westen die Zahlung der Reparationen einstellte, zu denen er 1945 in Potsdam verpflichtet worden war, blutete der Osten für ihn mit. Bis 1961 nutzte man das Arbeitskräftereservoir der DDR, nach dem Mauerbau musste man sich "Gastarbeiter" aus Südeuropa holen....

Insurance companies and pension funds are part of complex systems of private insurance and public social protection created to reduce the cost of economic hazards. In the current phase of the business cycle, with many OECD countries struggling with low economic growth, high public deficits and...

It is well-known that individuals born in different periods of time (cohorts)exhibit different wealth accumulation paths. While previous studies have usedcohort dummies to proxy for this fact, research in this area suffers from aserious identification problem, i.e., how to disentangle age, time,...