While income inequality in Germany considerably increased in the years before 2005, this trend was stopped after 2005. We address the question of what factors were responsible for the break in the inequality…
Increased flooding is expected to be one of the greatest threats caused by climate change. Flood insurance helps to cope with the risk of flooding, but take-up rates are relatively low in many places. Mainly in…
Targeting is an important aim for social policy. Three case studies in this paper reflect typical short-comings in the targeting design of pension reforms. The first case study …
We investigate the question whether macroeconomic variables contain information about future stock volatility beyond that contained in past volatility. We show that forecasts of GDP and industrial production…
Making use of considerably improved measures of infrastructure, the study assesses the impact of infrastructure on bilateral trade for a panel of 150 developed and emerging economies during the period 1992–2011.…
The role of women in Western societies changed dramatically in the 20th century. We study how political empowerment affected women’s emancipation as reflected in their life choices like marital decisions and…