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311 results, from 241
  • Refereed essays Web of Science

    The Interest Elasticity of Household Savings: A Structural Approach with German Micro Data

    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
  • SOEPpapers 462 / 2012

    Inheritance in Germany 1911 to 2009: A Mortality Multiplier Approach

    We estimate the size of inheritance and gift flows in Germany for selected years over the last century, applying the methodology used by Piketty (2011) for France and combining national accounts, tax statistics and survey data (mainly the German Socio-Economic Panel, SOEP). The data clearly supports the finding of a U-shaped evolution. The annual flow of inheritance and gifts was almost 15% of national ...

    2012| Christoph Schinke
  • Refereed essays Web of Science

    The Strategic Use of Private Quality Standards in Food Supply Chains

    We explore the strategic role of private quality standards in food supply chains. Considering two symmetric retailers that are exclusively supplied by a finite number of producers and endogenizing the suppliers' delivery choice, we show that there exist two asymmetric equilibria in the retailers' quality requirements. Our results reveal that the retailers use private quality standards to improve their ...

    In: American Journal of Agricultural Economics 94 (2012), 5, S. 1189-1201 | Vanessa von Schlippenbach, Isabel Teichmann
  • SOEPpapers 416 / 2011

    Ethnic Residential Segregation and Immigrants' Perceptions of Discrimination in West Germany

    Using survey data from the German Socio-Economic Panel, this study shows that immigrants living in segregated residential areas are more likely to report discrimination because of their ethnic background. This applies to both segregated areas where most neighbors are immigrants from the same country of origin as the surveyed person and segregated areas where most neighbors are immigrants from other ...

    2011| Verena Dill, Uwe Jirjahn
  • Diskussionspapiere 1158 / 2011

    Are Stock and Housing Returns Complements or Substitutes? Evidence from OECD Countries

    In this paper we use a representative consumer model to analyse the equilibrium relation between the transitory deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for both stock returns and housing returns. The evidence based on data for 15 OECD countries shows that when agents expect future stock returns to be higher, they will ...

    2011| Guglielmo Maria Caporale, Ricardo M. Souza
  • Diskussionspapiere 1159 / 2011

    Consumption, Wealth, Stock and Housing Returns: Evidence from Emerging Markets

    In this paper, we show, using the consumer's budget constraint, that the residuals of the trend relationship among consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for a panel of 31 emerging economies and find that, when agents expect future stock returns to be higher, they will temporarily allow consumption to rise. Regarding ...

    2011| Guglielmo Maria Caporale, Ricardo M. Souza
  • SOEPpapers 358 / 2011

    Personal Bankruptcy Law, Wealth and Entrepreneurship: Theory and Evidence from the Introduction of a "Fresh Start"

    A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy, lenders may charge higher interest rates or ration credit supply, which can hamper entrepreneurship. Both aspects of a more forgiving personal bankruptcy ...

    2011| Frank M. Fossen
  • Externe Monographien

    Do Google Searches Help in Nowcasting Private Consumption? A Real-Time Evidence for the US

    Zürich: KOF, 2010, 25 S.
    (KOF Working Papers ; 256)
    | Konstantin A. Kholodilin, Maximilian Podstawski, Boriss Siliverstovs
  • Diskussionspapiere 1056 / 2010

    Confronting the Representative Consumer with Household-Size Heterogeneity

    Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer construct with microfoundations. One complex aspect of micro-level heterogeneity is household size, as individuals ...

    2010| Christos Koulovatianos, Carsten Schröder, Ulrich Schmidt
  • Diskussionspapiere 1046 / 2010

    Household Savings Decision and Income Uncertainty

    This paper empirically investigates the effects of changes in the interest rate as well as transitory income uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the uncompensated interest rate elasticity for savings, in line with the literature, to around zero. Accordingly, any policy-induced variation of net returns to savings ...

    2010| Martin Beznoska, Richard Ochmann
311 results, from 241
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