With respect to the recently ratified economic stimulus package in Germany, it is fundamentally important to observe whether the expansion of physical infrastructure will further contribute to economic growth. This paper presents a way to address the problem of endogeneity using panel data on 16...

Life satisfaction in Germany has decreased since 2001 in contrast to increasing material prosperity. This paper provides evidence that publicly and privately provided social security measures contribute to the explanation of this development. The analysis is based on survey data of the...

With respect to the recently ratified economic stimulus package in Germany, it is fundamentally important to observe whether the expansion of physical infrastructure will further contribute to economic growth. This paper presents a way to address the problem of endogeneity using panel data on 16...