<title>Abstract</title> Using data from Abiad <italic>et al</italic>. (2008), we estimate a dynamic spatial panel data model with country and time-period fixed effects to test for spatial cointegration in the financial liberalization index. Parameter estimates are obtained by reformulating the model in spatial...

In diesem Beitrag wird untersucht, welchen Einfluss Finanz- und Wirtschaftskrisen auf den Grad der wirtschaftlichen Entscheidungsfreiheit («economic freedom») ausüben. Die Analyse beruht einerseits auf einer Fallstudie der skandinavischen Bankenkrise der neunziger Jahre, andererseits auf...

To test some of the implications of the life cycle-permanent income hypothesis we exploit differences in expected retirement replacement rates between lowly and highly educated households. We examine education-specific age-wealth profiles at the household level. Our sample is an unbalanced panel...