Using unique administrative data that link privately held firm owners to rich background information, we provide novel evidence on underage children as firm owners. Ownership occurs at all ages 0--17, with a mean age of 12. Childhood ownership is strongly concentrated among high-income families,...

We analyze how pension wealth influences retirement timing using 25 years of Danish administrative panel data on wealth and labor market status. Exploiting early-career variation in firm-specific mandatory pension contribution rates, we study labor supply decisions from age 55 onward. Greater...

This document provides clarifications and guidance for researchers seeking to replicate the analyses in our paper. This is important as we identified some items in the published text and the code where additional clarity would be helpful. While none of these affect our substantive conclusions,...

We analyze how pension wealth influences retirement timing using 25 years of Danish administrative panel data on wealth and labor market status. Exploiting early-career variation in firm-specific mandatory pension contribution rates, we study labor supply decisions from age 55 onward. Greater...

The fifth wave of the Household Finance and Consumption Survey (HFCS) offers an updated and comprehensive view of Maltese households' financial position in the post-pandemic period. Based on microdata collected for 2023, this edition introduces two analytical dimensions: in addition to the...

Die Alterssicherungskommission der Bundesregierung soll einerseits eine Kennziffer für das Gesamtversorgungsniveau aus gesetzlicher Rente, betrieblicher und geförderter Privatvorsorge entwickeln. Andererseits soll es darum gehen, wie der Lebensstandardsicherung im Alter gesichert werden kann....

Die Alterssicherungskommission der Bundesregierung soll einerseits eine Kennziffer für das Gesamtversorgungsniveau aus gesetzlicher Rente, betrieblicher und geförderter Privatvorsorge entwickeln. Andererseits soll es darum gehen, wie der Lebensstandardsicherung im Alter gesichert werden kann....

Die Grundsicherung für Arbeitsuchende nach SGB II sichert mit dem Bürgergeld das Existenzminimum von Erwerbsfähigen und ihren Angehörigen. Die Leistungen werden gewährt, wenn der Lebensunterhalt nicht vollständig aus dem eigenen Einkommen und Vermögen oder den Mitteln der Angehörigen in...

Der vorliegende internationale Gerechtigkeitsindex zeigt, dass Deutschland trotz wirtschaftlicher Krisen, unkontrollierter Zuwanderung, demografischem Wandel sowie der Transformation der Wirtschaft durch Digitalisierung, Dekarbonisierung und Deglobalisierung im internationalen Vergleich kein...

Die vorliegende Studie von Prof. Dr. Gerhard Kraft untersucht das Rechtsinstitut der Familienstiftung in seiner zivilrechtlichen, steuerrechtlichen und wirtschaftlichen Dimension. Entgegen verbreiteter Fehlvorstellungen wird herausgearbeitet, dass die Familienstiftung kein Steuersparmodell...

Moving beyond Gross Domestic Product (GDP) as the sole measure of economic performance is increasingly critical for addressing the complex challenges of sustainable development. The Inclusive Wealth Index (IWI) offers a more comprehensive framework for assessing long-term sustainability by...

Founders of family firms differ from descendants, particularly in terms of affective attachment, cognitive identification, and social concern. This study examines how these generational differences between founder-led and descendant-led family firms affect corporate social responsibility (CSR)...

The question of whether affluent households save at a higher rate than other parts of the distribution has been asked by economists on numerous occasions since the 1950s. It is standard in this research to define affluent, or "rich," households as those with high lifetime earnings or income to...

We study a neoclassical growth model with population growth and agents who are heterogeneous in their discount factors. Population growth is interpreted as the entry of new infinitely-lived agents with zero initial endowments who are not included in the economic calculus of existing agents. We...

The recent regulatory shift by competition and antitrust authorities-permitting limited industry collaboration on sustainability-related investments to better align markets with broader environmental and social objectives-signals a reconsideration of competition as a mechanism for advancing...

The purpose of this work is twofold: first, it aims to derive an exact analytical form of the Pareto index based on the already developed model of the economy as a scale-free network comprising a given amount of either wealth or income (total number of links, each link representing a non-zero...

Although economists widely advocate carbon pricing as an effective solution to reduce carbon emissions, this mechanism has had so far limited effects. This paper proposes a new type of tax to help finance (and accelerate) the green transition. A carbon wealth tax (CWT) is proposed to be levied...

Wealth inequality is not just an economic issue but a societal one. Ownership of assets can have significant implications for access to education, healthcare, housing and political influence. This study examines wealth inequality trends across EU Member States, using data from the European...

Ce présent rapport des Cahiers Economiques 2025 pour la République centrafricaine (RCA) analyse les tendances économiques et de pauvreté de 2024, fournit une perspective de base pour 2025-27, et explore des stratégies pour optimiser la richesse multidimensionnelle pour une croissance et une...

In this paper, we discuss bequests and other intergenerational transfers and what impact they have on the consumption, saving, and labor supply behavior of households. We show that bequests and other intergenerational transfers are prevalent in most countries, that they are sometimes motivated...