Erstmals in der Geschichte hat die Mittelschicht einen bedeutsamen Anteil des privaten Vermögens erworben. Doch sind Eigentum und Erbe in der Mitte der deutschen Gesellschaft relativ gleichmäßig verteilt oder zeigen sich bedeutsame Vermögensunterschiede? Um diese Frage zu beantworten, wird...

Gibt es "Wachstumszwänge"? Wir definieren den Begriff relativ eng, strukturieren die diskutierten Mechanismen in sechs Gruppen und analysieren sie. Technischer Fortschritt erweist sich mit seiner Kostendynamik und „technologischer Arbeitslosigkeit“ als Hauptursache für das "grow or die"...

Estimates of UK income inequality trends differ substantially according to whether estimates are based on household survey data (used for official statistics) or tax return data (used in the top incomes literature). We reconcile differences in variable definitions and combine survey and tax...

Estimates of UK income inequality trends differ substantially according to whether estimates are based on household survey data (used for official statistics) or tax return data (used in the top incomes literature). We reconcile differences in variable definitions and combine survey and tax...

The dissertation elaborates on topics that are related to (i) intergenerational transfers of wealth and to (ii) how government ideology and elections influence outcomes (income inequality and budget consolidation) and political processes (fiscal planning and policy advice). The dissertation...

This study estimates intergenerational correlations in mid-life wealth across three generations, and a young fourth generation, and examines how much of the parent-child association that can be explained by inheritances. Using a Swedish data set we find parent-child rank correlations of 0.3-0.4...

This study examines from a cross-national perspective the importance of inheritance as a source of private wealth accumulation. Multivariate econometric analyses of harmonized survey data obtained from 11 European countries reveal that inheriting households own considerably more wealth than...

This paper presents an analysis of the differential role of mortality for the optimal schooling and retirement age when the accumulation of human capital follows the so-called "Ben-Porath mechanism". We set up a life-cycle model of consumption and labor supply at the extensive margin that allows...

In the catalogue of "Sustainable Development Goals" approved by the UN General Assembly in September 2015, financial market regulation is mainly described as an issue of social sustainability. This classification is appropriate because inadequate regulation leads to imbalances between profits...

Preferences over jobs depend on wages and non-wage aspects. Variation in wealth may change the importance of income as a motivation for working. Higher wealth levels may make good non-wage characteristics relatively more important. This hypothesis is tested empirically using a reduced form...

This paper presents an analysis of the differential role of mortality for the optimal schooling and retirement age when the accumulation of human capital follows the so-called "Ben-Porath mechanism". We set up a life-cycle model of consumption and labor supply at the extensive margin that allows...

This study examines from a cross-national perspective the importance of inheritance as a source of private wealth accumulation. Multivariate econometric analyses of harmonized survey data obtained from 11 European countries reveal that inheriting households own considerably more wealth than...

Estimates of UK income inequality trends differ substantially according to whether estimates are based on household survey data (used for official statistics) or tax return data (used in the top incomes literature). We reconcile differences in variable definitions and combine survey and tax...

The dissertation elaborates on topics that are related to (i) intergenerational transfers of wealth and to (ii) how government ideology and elections influence outcomes (income inequality and budget consolidation) and political processes (fiscal planning and policy advice). The dissertation...

Vor drei Jahren widmete sich die Konrad-Adenauer-Stiftung in einer zusammenfassenden Metastudie der Frage nach der Stabilität der Mittelschicht in Deutschland. Die Studie kam zum Ergebnis, dass von einer Schrumpfung oder gar Erosion der Mittelschicht, anders als bei anderen Studien oder...

Mit den im März 2015 bekanntgewordenen Eckpunkten zur Änderung des Erbschaft- und Schenkungssteuergesetzes wird die erbschaftsteuerliche Verschonung von Betriebsvermögen erheblich erschwert. Dies gilt insbesondere für mittelgroße und große Familienunternehmen. Der Grund dafür ist die...

We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual U.S. tax system. The wealth and income distributions generated by our model replicate the...

Cover -- Abkürzungsverzeichnis -- Abbildungsverzeichnis -- Tabellenverzeichnis -- 1 Einleitung -- 2 Theoretische Erklärungsansätze der Einkommensverteilung -- 2.1 Einkommenstheorien -- 2.1.1 Stochastischer Erklärungsansatz -- 2.1.2 Das Neoklassische Arbeitsmarktmodell -- 2.1.3...

We attempt to disentangle income and wealth effects on consumption by disaggregating both the different types of income and wealth. We estimate a consumption function for a panel of quarterly data for 14 advanced economies spanning 1998 to 2012, using an error correction specification. We find a...

In distilling a vast literature spanning the rational---irrational divide, this paper offers reflections on why asset bubbles continue to threaten economic stability despite financial markets becoming more informationally-efficient, more complete, and more heavily influenced by sophisticated...

The nonpecuniary benefits of managing a small business are a first order consideration for many nascent entrepreneurs, yet the preference for business ownership is mostly ignored in models of entrepreneurship and occupational choice. In this paper, we study a population with varying...