Nach dem Urteil des Bundesverfassungsgerichts müssen die Regelsätze für Hartz-IV-Empfänger neu berechnet werden. Wolfgang Franz, Zentrum für Europäische Wirt-schaftsforschung (ZEW), Mannheim, stellt klar, dass die Tragweite des Urteils des Bundesverfassungsgerichts in »umgekehrtem...

This paper attempts to define financial globalization as a process whereby financial markets internationally are integrated so closely that they can be considered as a single market. The process, viewed as a by- product of financial liberalization, is only a necessary condition for financial...

Using data from the German Socio-Economic Panel, we compare income mobility of persons from the eastern and western states of Germany between 1990 and 1995. We consider income mobility between consecutive years and between the first and the final year of this time period. We find that gross...

This article reviews the public and the scientific discussion about the German welfare state. Following a sketch of the main institutional features, some economic indicators and statistics about the share of social expenditure are presented. Indicators of inequality show almost no change in the...

Purpose – The purpose of this paper is to investigate whether corporate dividend policy changed during the financial crisis. Design/methodology/approach – For this study, a life-cycle model is used to predict the probability that a firm pays a dividend. The data sample for this research...

This paper concentrates on official statistics on household income, poverty, and wealth. It characterizes the main research questions in this field, and it presents an overview of the available statistics and Scientific Use Files produced by the four Research Data Centers (RDC) in Germany. (RDC...