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Externe referierte Aufsätze

Redistribution and Insurance in Welfare States around the World

Redistribution across individuals within the framework of a one-year period is an empirically intensely studied question. However, a substantial share of annual redistribution might turn out to serve individual insurance in a longer perspective, reducing the level of actual redistribution across individuals. In this paper, we investigate to what extent long-run redistribution diverges from annual redistribution ...

In: The Scandinavian Journal of Economics 123 (2021), 4, S. 1116-1158 | Charlotte Bartels, Dirk Neumann

The Distribution of Wealth in Germany 1895-2018

This paper presents the first comprehensive study of the long-run evolution of wealth inequality in Germany. We combine tax data, surveys, national accounts and rich lists to study the distribution of wealth in Germany from 1895 to 2018. We show that the concentration of wealth in the hands of the top 1% has fallen by half, from close to 50% in 1895 to less than 25% today. The interwar period as well ...

Bonn: EconTribute, 2020, 68 S.
(EconTribute Policy Brief ; 001)
| Thilo N. H. Albers, Charlotte Bartels, Moritz Schularick

Long-Term Effects of Equal Sharing: Evidence from Inheritance Rules for Land

What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical inheritance rules for land traversing political, linguistic, geological, and religious borders in Germany. In some German areas, inherited land was to be shared or divided equally among children, while in others land was ruled to be indivisible. Using a geographic regression discontinuity ...

Cambridge, Mass.: National Bureau of Economic Research, 2020, 55 S.
(NBER Working Paper Series ; 28230)
| Charlotte Bartels, Simon Jäger, Natalie Obergruber

Income, Consumption and Wealth Inequality in Germany: Three Concepts, Three Stories?

Given how controversially inequality is still being discussed by both academics and policy makers in Germany, we discuss methodological issues related to the measurement of inequalities and review the literature and empirical estimates of different forms of inequality. One important issue is the choice of the measure of well-being: the central measures discussed are household equivalent disposable ...

Berlin: Forum for a New Economy, 2020, 25 S.
(Forum New Economy Basic Papers ; 2)
| Charlotte Bartels, Carsten Schroeder
Externe referierte Aufsätze

Risky Asset Holdings During Covid-19 and their Distributional Impact: Evidence from Germany

We present evidence from a repeated survey on risky asset holdings carried out on a representative sample of the German population six times between April and June 2020. Given the size of the Covid-19 shock, we find little evidence of portfolio rebalancing in April 2020. In May, however, individual investors started buying heavily, parallel to market recovery. The cross-section shows large differences ...

In: The Review of Income and Wealth (2021), im Ersch. [online first: 2021-10-23] | Lukas Menkhoff, Carsten Schröder
SOEPpapers 1129 / 2021

Income Changes Do Not Influence Political Participation: Evidence from Comparative Panel Data

The income gradient in political participation is a widely accepted stylized fact. This article asks how income effects on political involvement unfold over time. Using nine panel datasets from six countries, it analyzes whether income changes have short-term effects on political involvement, whether effects vary across the life-cycle, and whether parental income has an independent influence. Irrespective ...

2021| Sebastian Jungkunz, Paul Marx
Diskussionspapiere 1950 / 2021

The Effect of Self-Control and Financial Literacy on Impulse Borrowing: Experimental Evidence

This paper examines the effect of reduced self-control on impulsive borrowing in a laboratory experiment. We manipulate self-control using an ego depletion task and show that it is effective. Following the ego depletion task, participants can anonymously buy hot drinks on credit. We find no significant average effects, but find that treated individuals that have low financial literacy are more likely ...

2021| Antonia Grohmann, Jana Hamdan
Externe referierte Aufsätze

A Tale of Two Countries: The Long Shadow of the Crisis on Income and Wealth in Germany and Italy

In: Journal of Modern European History 19 (2021), 1, S. 33-39 | Charlotte Bartels, Salvatore Morelli
Diskussionspapiere 1991 / 2022

Income-Dependent Equivalence Scales and Choice Theory: Implications for Poverty Measurement

Equivalence Scales are a tool for removing the heterogeneity of household sizes in the measurement of inequality, and affect poverty assessments and poverty lines. We address the disadvantage that poor households may suffer due to their reduced ability to share goods within the household. This disadvantage is important to estimate and embed in standard analysis, as it seems to have a substantial quantitative ...

2022| Christos Koulovatianos, Carsten Schröder
DIW Roundup 139 / 2022

Rent Control Effects through the Lens of Empirical Research

Rent control is a highly debated social policy that has been omnipresent since World War I. Since 2010s, it has been experiencing a true renaissance, for many cities and countries facing housing shortage are desperately looking for solutions of the chronic housing shortage and direct their attention to controlling housing rents and to other restrictive policies. Is rent control useful or does it create ...

2022| Konstantin A. Kholodilin
932 results, from 1