Income mobility is often thought to equalize permanent incomes and thereby to improve social welfare. The welfare analysis of mobility often fails, however, to account for the cost of the variability of periodic incomes around permanent incomes. This paper assesses the net welfare benefit of...

Income mobility is often thought to equalize permanent incomes and, thereby, to improve social welfare. The welfare analysis of mobility often fails, however, to account for the cost of the variability of periodic incomes around permanent incomes. This paper assesses the net welfare benefit of...

Income mobility is often thought to equalize permanent incomes and thereby to improve social welfare. The welfare analysis of mobility often fails, however, to account for the cost of the variability of periodic incomes around permanent incomes. This paper assesses the net welfare benefit of...

Germany's system of economic and political governance strongly relies on group decision-making and consensus to solve economic issues. This approach relates to a wide spectrum of decisions, including the social partners with the trade unions and the employers' associations in wage formation, the...

Die Soziale Marktwirtschaft in Deutschland weist eine beeindruckende Erfolgsgeschichte auf, wenn man z.B. die Entwicklung des Wohlstands der Bevölkerung betrachtet. Dennoch steht es um das öffentliche Image der Marktwirtschaft und ihres geistigen Fundaments, dem Neoliberalismus, nicht zum...

Der Inhalt der Leitkonzeption „Soziale Marktwirtschaft“ hat sich langfristig gewandelt. Worin besteht der Unterschied zwischen ihrer früheren und ihrer heutigen Bedeutung? Entspricht das ursprüngliche Konzept noch den geänderten wirtschafts- und gesellschaftspolitischen Bedingungen? Wie...