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on German Papers |
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Issue of 2009‒11‒21
three papers chosen by Roberto Cruccolini Ludwig-Maximilians-Universitat Munchen |
| By: | Joachim R. Frick; Steffi Grimm |
| Abstract: | Im Fokus dieses Beitrags steht die empirische Untersuchung der Wohnsituation privater Haushalte in West- und Ostdeutschland seit dem Fall der Mauer 1989. Auf Basis der bevölkerungsrepräsentativen und zeitlich konsistent gemessenen Mikrodaten des Sozio-oekonomischen Panels (SOEP) lässt sich belegen, dass die aus der DDR-Wohnungswirtschaft resultierenden signifikanten Unterschiede gegenüber der Situation auf dem westdeutschen Wohnungsmarkt sowohl bei objektiven Indikatoren (z.B. Wohnflächenversorgung, Qualität der bewohnten Gebäude, Mietentwicklung) als auch bezüglich deren subjektiver Bewertung bis zum Jahr 2008 stark reduziert wurden. Nach den teilweise sehr markanten Veränderungen bis Mitte / Ende der 90er Jahre hat sich das Tempo der Anpassung je nach Indikator reduziert und die weiteren Anpassungen sind teilweise nur noch graduell. Während am aktuellen Rand gemessene Indikatoren zur Einschätzung von Wohnumwelt, Gebäudequalität, Wohnraumunterversorgung und Mietbelastung auf grosso modo gleichartige Lebensbedingungen in Ost und West hinweisen, bestehen gleichwohl noch Unterschiede insbesondere in der Eigentümerquote. Bezüglich Niveau und Struktur der Korrelate von Wohnzufriedenheit gibt es inzwischen ebenfalls eine weitgehende Übereinstimmung. |
| Date: | 2009 |
| URL: | http://d.repec.org/n?u=RePEc:diw:diwsop:diw_sp236&r=ger |
| By: | Erler, Alexander; Krizanac, Damir |
| Abstract: | This paper examines the impact of the U.S. monetary policy on the Subprime mortgage crisis using a modified taylor rule. The main finding is that during the pre-crisis period the short term rate deviated significantly from the estimated taylor rate. This deviation may have been a cause of the ongoing financial crisis. However, the evidence also suggests that other factors were certainly at play. |
| Keywords: | Geldpolitik; Taylor-Regel; Subprime-Krise; Fed |
| JEL: | E58 E52 |
| Date: | 2009–11–13 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:18604&r=ger |
| By: | Thomas Leopold; Thorsten Schneider |
| Abstract: | The research on private financial transfers between generations lacks a longitudinal perspective. Gifts as intergenerational transfers inter vivos allow us to study the importance of life course events for the chances of receiving transfers. In Germany, gifts are highly private and leave more scope for decision-making than the regulated bequests. Thus, gifts are better suited to test theories on family solidarity and transfer behavior. Our analysis focuses on larger transmissions, which parents and grandparents give to their descendents. Bequests provide a comparative reference to highlight similarities and differences between transfers inter vivos and mortis causa. In our account, gift-giving is purposive action driven primarily by economic needs of the receivers, but also by non-material aspects of family ties. Bequeathing is characterized as behavior which is not necessarily purposive and highly restricted by normative and legal obligations. Hypotheses for both types of transfers are tested with retrospective data from the German Socio-Economic Panel (SOEP). We use event history models to study the effects of changes in the life course on the chances of receiving transfers. Increased chances to receive a large gift occur in the first years after marriage and also immediately after divorce. Women are clearly disadvantaged as their chances to receive a gift and the transfer amounts are considerably lower. In low status families, large transfers inter vivos are a rare event. If they occur, these gifts often replace bequests. In high status families, gifts are transferred more frequently, and often as a complement to subsequent bequests. |
| Keywords: | Bequests, gifts, transfers, intergenerational solidarity, duration analysis |
| JEL: | D10 J10 C41 |
| Date: | 2009 |
| URL: | http://d.repec.org/n?u=RePEc:diw:diwsop:diw_sp234&r=ger |