We study the accuracy of job seekers' wage expectations by comparing subjective beliefs to objective benchmarks using linked administrative and survey data. Our findings show that especially job seekers with low objective earnings potential and those predicted to face a penalty compared to their...

We examine the causes for rising income inequality in Europe's most populous economy. From 2000 to 2006, Germany experienced an unprecedented rise in net equivalized income inequality and poverty. At the same time, unemployment rose to record levels and there was evidence for a widening...

Nicht nur die Mittelschicht schrumpft - freilich - allmählich, auch das von ihr verkörperte Modell von Wohlstand, lebenslanger Absicherung, Wertehomogenität und allgemeiner Zuversicht erodiert, so die schon vielfach diskutierte These des bekannten Journalisten, derzeit Chefkorrespondent beim...