Why is the Federal Republic of Germany a case of interest at all to be considered in a handbook on poverty and inequality? Three reasons come foremost to mind. First, Germany holds a dominant economic and political position within the European Union, making changes in poverty and inequality highly significant beyond its borders. Second, Germany is often considered a prime example of a "coordinated ...
Parental wealth is a crucial dimension of socioeconomic status (SES) and plays a significant role in the intergenerational transmission of educational advantage. Previous research on the topic has been limited to a small number of countries, and findings on the relationship between parental wealth and educational attainment are hardly comparable across institutional contexts. Furthermore, the specific ...
The German economy is slowly emerging from its trough. After a bumpy start to the year, which was marked by tariff-related special effects, growth in 2025 remains subdued at 0.2 percent. However, the economy is gradually picking up speed from the current third quarter onwards. Over the next two years, this will translate into noticeable economic growth of 1.7 and 1.8 percent annually, respectively. ...
I study the transmission mechanism of Quantitative Easing (QE) in the form of large-scale asset purchases in the mortgage market to aggregate consumption. To this end, I develop a New Keynesian model that features heterogeneous households, a microfounded housing market, and frictional intermediation. This model helps explain the empirical evidence suggesting that QE increases aggregate consumption ...
