Österreich befindet sich, wie Deutschland und andere europäische Länder, derzeit in einer Rezession, für die starke Risiken einer Verlängerung bestehen. Die Forschung zeigt, dass unter solchen Umständen Budgetkonsolidierungen deutlich schwieriger erfolgreich durchzuführen sind,...

This paper estimates rates of return on wealth across gross wealth groups by matching individual-level survey data with macroeconomic return data for Germany. Using machine learning for more detailed financial asset categories, we find that the average nominal rate of return on gross assets for...

Die Corona-Krise stellt sich aus makroökonomischer Sicht als tiefe globale Rezession dar. Ein Konjunkturpaket ist erforderlich, um eine schnelle Überwindung des Wirtschaftseinbruchs zu ermöglichen. Aus klimapolitischer Sicht besteht die Gefahr, dass erstens konjunkturelle Maßnahmen bislang...

This paper investigates the links between digitalization, market concentration, and labor productivity at the sectoral level in Germany. Combining data for digitalization and labor productivity from the EU KLEMS database with firm-level data from the CompNet and Orbis Bureau Van Dijk databases...

We investigate how previous generations of migrants and their children integrated into Austrian society, as measured by their wealth ownership. Using data from the Household Finance and Consumption Survey (HFCS), we document a positive average migrant wealth gap between migrant and native...

The COVID-19 pandemic and the subsequent increase in caregiving demands threaten to reverse decades of progress in integrating women into the labor market. This paper explores the gendered impact of school and day care closures on paid work hours during the COVID-19 pandemic in Austria. We use...

This paper estimates rates of return across the gross wealth distribution in eight European countries. Like differential saving rates, differential rates of return matter for Post Keynesian theory, because they impact the income and wealth distribution and add an explosive element to growth...

The paper investigates how including the distribution of wealth changes the demand effects of redistributing functional income. It develops a model with an endogenous wealth distribution and shows that the endogenous rise in wealth inequality resulting from a redistribution towards profits...

This paper develops a stock-flow consistent Post-Keynesian model in the Kalecki-Steindl tradition with endogenous wealth accumulation and distribution, which captures the key aspects of the Cambridge debate on (anti-)dual and Pasinetti equilibria. We find that a stable interior solution - that...