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Die internationale Finanzmarktkrise dauert nun schon fast ein Jahr und zieht immer weitere Kreise. Wie wurde die Krise verursacht? Welche realwirtschaftlichen Konsequenzen hat sie? Was unterscheidet die heutige Bankenkrise von der Weltwirtschaftskrise der dreißiger Jahre?
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that the American equity market created more instability as compare to other equity markets of the world. The portfolio …
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high contribution to overall inequality in relation to its share in disposable income. This applies to Germany and the USA … West Germany, and the PSID for the USA, we use the factor decomposition method described by Shorrocks (Econometrica 50 … volatile and that its share in disposable income has risen recent years. Moreover, capital income makes a disproportionately …
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. Die Autoren zeigen ferner, dass die Rentabilität deutscher Anlagen im Ausland seit 2007 im Mittel etwa auf dem Niveau …German investors hold a large share of their assets outside of the country. This made them particularly vulnerable to … sector statistics. The results are far lower in terms of value than generally assumed. Moreover, since 2007 the average …
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Deutschlands hohe Leistungsbilanzüberschüsse werden sowohl im Inland als auch auf internationaler Ebene kontrovers diskutiert. Befürworter von Überschüssen betonen die Notwendigkeit, Auslandsvermögen zu kumulieren, um Investitions- und Konsumausgaben einer alternden Bevölkerung zu...
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This paper extends the previous literature on the intergenerational transmission of human capital by exploiting variation in compulsory schooling reforms across nine European countries over the period 1920-1956. My empirical strategy follows an instrumental variable (IV) approach, instrumenting...
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Retirement in Europe (SHARE), this study applies the correlated random effects method to the negative binomial and finite mixture …. Additionally, our findings suggest a positive association between suffering both impairments at the same time and the number of …
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