Estimates of social insurance pension wealth are available for a number of Western economies, including Austria for the year 2017. Such wealth may be compared with conventional wealth in terms of size and distribution and when we add such estimates to measures of wealth in the conventional...

In this paper, I study the role of housing for wealth accumulation and the determination of the equilibrium real interest rate within a continuous-time overlapping generations model that incorporates a realistic demographic structure and households that save for life-cycle and bequest reasons....

In this paper Markus Knell studies the determinants of unemployment in a two-country- model, where real wages are the outcome of the strategic interaction between various institutional players (firms, unions, central banks). He shows that: (i) the results derived in the recent literature on this...