Altersvorsorge und Konsumverhalten von Frauen in Deutschland

Die Renten aus der Gesetzlichen Rentenversicherung werden aufgrund der demografischen Entwicklung sowohl für M?nner als auch für Frauen relativ zu den Erwerbseinkommen sinken. Frauen sind dabei zus?tzlich spezifischen Rentenrisiken ausgesetzt. Um die Unterschiede zukünftig auszugleichen, helfen insbesondere Ma?nahmen, die die Vereinbarkeit von Familie und Beruf verbessern.     

Müssen wir uns vor Staatsfonds schützen?

Staatliche Verm?gensfonds suchen derzeit auf den internationalen Finanzm?rkten nach Anlagem?glichkeiten für mehr als 3 Billionen US-Dollar, und die Fondsvolumina wachsen rasant. Wie wirkt sich das Engagement von Staatsfonds auf die inl?ndische Wirtschaft in potentiellen Anlagel?ndern aus und wie sollte darauf reagiert werden? Sind die Bestrebungen der Bundesregierung, Staatsfonds durch neue gesetzliche Regeln besser kontrollieren zu k?nnen, ?konomisch gerechtfertigt? Gibt es konkrete Hinweise darauf, welche Anlagestrategien die Staatsfonds tats?chlich verfolgen? Prof. Dr. Henning Klodt, 56, leitet das Zentrum Wirtschaftspolitik am Institut für Weltwirtschaft in Kiel. * Für vielf?ltige Anregungen und Hinweise dankt der Autor den Teilnehmern der Politikwerkstatt „Motive und Anlagestrategien von Staatsfonds“, die am 24. Januar 2008 gemeinsam vom Bundesministerium der Finanzen und dem Institut für Weltwirtschaft veranstaltet wurde.     

Price elasticity of water allocations demand in the Goulburn–Murray Irrigation District*

Bid prices for the demand and supply of water allocations between 2001 and 2007, and average monthly prices paid for water allocations from 1997 to 2007 in the Goulburn–Murray Irrigation District are analysed to estimate price elasticities. Based on bid prices, the price elasticity of demand for water allocations appears highly elastic, with elasticities strongly influenced by the season and drought. The price elasticity of supply for water allocations is also elastic, albeit less elastic than demand. Using actual prices paid, water demand is negatively related to price and is inelastic, and appears to be most influenced by demand the previous month, drought and seasonality factors.     

Local Government,Spatial Spillovers and the Absorption of EU Structural Funds

The allocation of regional policy funds varies dramatically across regions even when one controls for regional development indicators. We investigate the impact of local government performance as well as spillovers in knowledge, financial means and social relations as determinants of regional fund absorption. Government performance is derived within a Data Envelopment Analysis approach. Spillovers are investigated using a spatial Durbin model. Results show that government performance has a positive impact on fund absorption. Spillovers occur in knowledge as well as in financial means. The empirical analyses focus on Special Accession Program for Agriculture and Rural Development in Slovakia using panel data.     

The role of FDI in structural change: Evidence from Mexico

Foreign direct investment (FDI) flows to Mexico are substantial and play an important role in the Mexican economy since the mid-1990s. These investments reflect the activities of multinational firms that shape to some extent the economic landscape and sectoral structure in this host country. We illustrate that there is considerable variation in the amounts of FDI and structural change within the country and across time. Based on this, the paper's main purpose is to analyse whether there is a significant impact of FDI on structural change. We conduct an empirical analysis covering the period 2006–16. We use the fixed-effects estimator where the unit of observation is a Mexican state for which we calculate structural change from the reallocation of labour between sectors. The results suggest that (if any) there is a positive effect from FDI on growth-enhancing structural change. This effect depends critically on the lag structure of FDI. Moreover, there is some evidence that the positive effect (a) arises from FDI flows in the industry sector and (b) is present for medium and low-skilled labour reallocation.     

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