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Refereed essays Web of Science
This paper empirically investigates the effects of changes in the interest rate as well as in the current and expected future consumer price levels on households' consumption-savings decision. In a structural demand model applied to German consumption data, we use cross-sectional and longitudinal variation in prices and tax rates to construct individual after-tax interest rates and cluster-specific ...
In:
Empirical Economics
45 (2013), 1, S. 371-399
| Martin Beznoska, Richard Ochmann
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Externe Monographien
The Chinese growth miracle was based on exports and investment in recent years. While strong output growth has been maintained even during the financial crisis, the imbalances within the country increased. To return to a more sustainable path of development, policies are directed to improve the role of private consumption. However, the institutional framework is an impediment to the transformation, ...
Frankfurt / Oder:
Europa-Universität Viadrina,
2013,
17 S.
(Discussion Paper / European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics ; 343)
| Christian Dreger, Tongsan Wang, Yanqun Zhang
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SOEPpapers 611 / 2013
Using harmonized wealth data and a novel decomposition approach, we show that cohort effects exist in the income profiles of asset and debt portfolios for a sample of European countries, the U.S. and Canada. We find that younger households' participation decisions in assets are more responsive to income than older households. Family structure plays a significant role in explaining cross-country differences ...
2013| Eva Sierminska, Karina Doorley
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Diskussionspapiere 1341 / 2013
The Chinese growth miracle was based on exports and investment in recent years. While strong output growth has been maintained even during the financial crisis, the imbalances within the country increased. To return to a more sustainable path of development, policies are directed to improve the role of private consumption. However, the institutional framework is an impediment to the transformation, ...
2013| Christian Dreger, Tongsan Wang, Yanqun Zhang
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Diskussionspapiere 1335 / 2013
The paper deals with the competitive effects of price guarantees in a spatial duopoly where consumers can search for lower prices but have to incur hassle costs if they want to claim a price guarantee. It is shown that symmetric equilibria with and without price guarantees exist but price guarantees will have no effect on prices if search costs are low, hassle costs are high and the number of uninformed ...
2013| Pio Baake, Ulrich Schwalbe
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Diskussionspapiere 1332 / 2013
This paper investigates the effects of global oil and food price shocks to consumer prices in Middle East-North African (MENA) countries using threshold cointegration methods. Oil and food price shocks increase domestic prices in the long run, whereby the impact of food prices dominates. While global prices are weakly exogenous, consumer prices respond to deviations from the equilibrium relationship. ...
2013| Ansgar Belke, Christian Dreger
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Externe Monographien
This paper investigates the effects of global oil and food price shocks to consumer prices in Middle East-North African (MENA) countries using threshold cointegration methods. Oil and food price shocks increase domestic prices in the long run, whereby the impact of food prices dominates. While global prices are weakly exogenous, consumer prices respond to deviations from the equilibrium relationship. ...
Essen:
RWI,
2013,
26 S.
(Ruhr Economic Papers ; 448)
| Ansgar Belke, Christian Dreger
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SOEPpapers 621 / 2013
Based on the Italian Survey on Household Income and Wealth (SHIW) and the German Socio-economic Panel (SOEP), we show that household consumption drops after a child moves out of a household, while at the same time, per capita consumption increases significantly. Parents approximately upgrade their personal lifestyle up to the level of childless peers after all children are gone and save only a small ...
2013| Simon Rottke, Alexander Klos
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SOEPpapers 624 / 2013
Shifting taxes from labor income to consumption is regularly suggested as a measure to induce work incentives. We investigate the effect of increases in the Value Added Tax on labor supply and the income distribution in Germany, which is compensated by a revenue-neutral reduction in income-related taxes. Based on a dual data base and a microsimulation model of labor supply behavior, we confirm a general ...
2013| Nico Pestel, Eric Sommer
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Externe Monographien
The Chinese growth miracle was based on exports and investment in recent years. While strong output growth has been maintained even during the financial crisis, the imbalances within the country increased. To return to a more sustainable path of development, policies are directed to improve the role of private consumption. However, the institutional framework is an impediment to the transformation, ...
Bonn:
IZA,
2013,
17 S.
(Discussion Paper Series / Forschungsinstitut zur Zukunft der Arbeit ; 7819)
| Christian Dreger, Tongsan Wang, Yanqun Zhang