Im Rahmen der regelmäßigen Revisionen der Volkswirtschaftlichen Gesamtrechnungen (VGR) werden nicht nur die Daten am aktuellen Rand, sondern auch weit in die Vergangenheit zurückreichende Zeitreihen überarbeitet. Damit gehen regelmäßig Niveaueffekte, zum Beispiel ein höheres...

Multiple searches for information can increase individual participation in occupational pension programs. This paper tests hypotheses derived from transaction cost theory and search theory to explain the formation of information networks on pensions. Using a dataset representative of the German...

In Abhandlungen von Dorfman und Samuelson 1986 und van Suntum 1988 wird Thünens berühmte Grabsteinformel unter Berücksichtigung seiner spezifischen Annahmen bestätigt. Allerdings wird Thünens Vorgehen zur Erzielung dieses Ergebnisses bis heute kontrovers diskutiert. Mit diesem...

This paper examines the conditions for credit volume or borrower rationing in a competitive credit market in which the project characteristics are private information of the borrowers. There can only be credit volume rationing if the higher-risk credit applicants have a higher return in the...

The paper shows the effect of demographic change on per capita burden of financing a PAYG social security system in the standard OLG model with frictional labor markets. Rising longevity and decreasing fertility both induce a rise in the employment level via increased capital accumulation and...

The economic works of Johann Heinrich von Thünen include 1,000 unpublished pages of drafts and notes on the basis of which he prepared the second volume of his famous “Isolated State in Relation to Agriculture and Political Economy”. Thünen wrote his texts in the so-called Deutsche...

This paper examines the influence of environmental factors on technical, cost, scale and revenue efficiency of German savings banks in 2001‐2005. Taking into account growing regional disparities in economic wealth and population size, it differentiates between declining and growing regions....

This paper analyzes the safety-first portfolio model under two different target assumptions, the fixed target, which is commonly assumed in the literature, and the random target, which has played only a minor role so far. As both targets can be easily motivated, the open question is, which...

In der wirtschaftswissenschaftlichen Literatur wird das ökonomische Potenzial von Immobilienverzehrprodukten vielseitig diskutiert. Obwohl diesen Produkten aus wohlfahrts-theoretischen Gesichtspunkten eine hohe Bedeutung beigemessen wird, zeigt die empirische Evidenz, dass die Nachfrage weit...