This paper empirically investigates the relevance of liquidity constraints and excess sensitivity in intertemporal household consumption. Using a pseudo panel that has been constructed on rich German consumption survey data, we estimate the consumption responses to permanent and transitory...

The first round of EU Eastern Enlargement was completed with the accession of 10 Central Eastern European countries on May 1, 2004. This economic integration will have impacts on the economies of the accession countries and the EU 15. Public perceptions of Eastern Enlargement have not been very...

The first round of EU Eastern Enlargement occurred on May 1, 2004, with the accession of ten, mainly Central-Eastern European countries. This economic integration brings with it some potential East-West migration, to the greatest extent for Germany, but will bring benefits for some groups, while...

The purpose of this paper is to provide an overview of how to analyse the distributional effects of fiscal reforms. Thereby, distributional effects shall be differentiated by four subconcepts, i.e. 1.) the traditional concept of inequality, 2.) the rather novel concept of polarisation, 3.) the...

This paper empirically investigates the effects of differential income taxation on households' portfolio choice and asset allocation applying a two-stage budgeting model of asset demand to German survey data. The model is structured into the discrete asset choice and the continuous asset choice,...