This paper analyzes two dimensions of factors of political trust in Russia. The first is the target dimension (sociotropic vs. egocentric) and the second is the time dimension (retrospective vs. perspective). The study uses microdata from the 2016 Life in Transition Survey (LiTS) of the European...

As the institutional literature convincingly shows, socioeconomic phenomena are to a large extent shaped by the formal institutions, that is, legal acts (laws and ordinances). However, the latter are formulated in a specific language that is difficult to understand, let alone to measure....

Welfare is traditionally understood through social security decommodifying labor markets or social investment policies. In the domain of housing, however, welfare for homeowners is largely hidden in the tax codes’ fiscal exemptions. Based on a content analysis of legislation, this paper...

Exchange rate fluctuations strongly affect the Russian economy, given its heavy dependence on foreign trade and investment. In the aftermath of the conflict between Russia and Ukraine that broke out early 2014, the Russian ruble lost 50% of its value against the US dollar. The impact of the...

In the light of the unconventional monetary policies conducted by the majority of large central banks around the world, there is an intense debate about their potential impact on the prices of capital assets. Particularly in Germany, skepticism about the sustainability of the recent policy by...

We use a neoclassical production function to analyze the effects of knowledge spillovers via entrepreneurship on economic performance of 337 German districts. To take the spatial dependence structure of the data into account, we estimate a spatial Durbin model. We highlight the importance of the...

The German economy continues to stagnate. After it appeared to finally be growing at the start of 2024, it experienced a slight setback in the second quarter. Although incomes are rising and inflation is now near the two-percent target, people in Germany are saving their money. As investments...

Die Wohnsituation der Bevölkerung in Deutschland, insbesondere in Gegenden mit angespanntem Wohnungsmarkt, ist ein vieldiskutiertes Thema in der Öffentlichkeit. Vor allem in Großstädten wird die Wohnsituation vermehrt als problembelastet wahrgenommen. In den Medien wird häufig von...

Die aktuell angespannte Lage auf dem Wohnungsmarkt hat zu weitreichenden Diskussionen und Forderungen nach regulierenden Eingriffen geführt. Tatsächlich sind die Angebotsmieten vor allem in Großstädten gestiegen: Während sie von 2010 bis 2022 im Durchschnitt um rund 55 Prozent geklettert...