This paper estimates the impact of external demand shocks on real income. We utilize a first order approximation to a … income with respect to foreign shocks can be estimated using high-dimensional statistical techniques. Foreign demand shocks … in complex intermediate and capital goods have large positive impacts on real income, whereas impacts in other sectors …

The identification of the structure of sustainable household disposable income in times of economic uncertainty is the … aim of this paper. The research provides household income components in order to achieve a sustainable income ensuring … sustainable income. There is also a positive influence of the investment income (interests, dividends, rental income), but with a …

I introduce money into an incomplete markets model with heterogeneous agents and uninsurable income risk. I show that … the model exhibits both non-monetary and monetary equilibria, with the latter existing when income risk is sufficiently …

The distribution of income and wealth in Germany is assessed quite differently. Depending on the indicators, the sample … more unequally among younger income earners than among older ones. The importance of wealth should not be underestimated in …