Internal migration can substantially improve labor market efficiency. Consequently, policy is often targeted towards reducing the barriers workers face in moving to new labor markets. In this paper we explicitly model internal migration as the result of a job search process and demonstrate that assumptions about the timing of job search have fundamental implications for the pattern of internal migration ...
DIW Berlin experts estimate annual value of inheritances and gifts to be between 200 and 300 billion euros – high levels of inequality due to heavy concentration of wealth and largely tax-free transfers of big businesses – experts recommend reducing tax privileges and imposing limited tax rates for business transfers In 2009, tax privileges for transfers of businesses were expanded; the ...
Can risk-taking propensity be thought of as a trait that captures individual differences across domains, measures, and time? Studying stability in risk-taking propensities across the lifespan can help to answer such questions by uncovering parallel, or divergent, trajectories across domains and measures. We contribute to this effort by using data from respondents aged 18 to 85 in the German Socio-Economic ...
With the large-scale deployment of Information and Communication Technologies markets for products and services related to personal data and privacy are thriving. Yet, to date, there has been little effort to systematically map these markets. In this IPACSO White Paper, a methodology is proposed that enables a systematic horizontal as well as vertical analysis of markets for personal data and privacy-related ...
One of the most popular questions in information security economics is whether there are any special features relating to privacy and cyber-security products and services that separate these from traditional goods, like apples or cars. This paper is a contribution to this discussion. First, different goods and services are compared to assess whether privacy and cyber-security are in fact different. ...
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by Stefan Bach and Andreas Thiemann Compared to the rest of Europe, Germany exhibits an especially high concentration of wealth. According to estimates based on a microsimulation model, a German wealth tax could generate an estimated ten to 20 billion euros per year in revenue—even with high tax allowances—and slightly reduce the inequality of income distribution, as well. Collection ...
Dr. Bach, what is the real net worth of German households and how is this wealth distributed? German households have a real net worth of 8.6 trillion euros. This massive wealth is very highly concentrated and is equivalent to around two and a half times the country’s GDP. We estimate that the richest one percent of the population own 32 percent of total assets and the wealthiest 0.1 percent ...
We analyze a simple supply chain with one supplier, one retailer and uncertainty about market demand. Focusing on the incentives of the supplier and the retailer to enhance their private information about the actual market conditions, we show that choices on information acquisition are strategic complements. While the retailer's incentives are mainly driven by the information rent that he can earn, ...
