Ungleiche Verteilung der Einkommen bremst das Wirtschaftswachstum

In Germany in the last decade, corporate incomes have increased much more sharply than private household incomes. At the same time, the inequality of household incomes has increased. High-income households have profited particularly from investment income and self-employment. The income gap has not widened further in recent years, but the high level of inequality already reached in 2005 has resulted in a sustained reduction of consumer spending. What is needed now is a level of income and wealth distribution that will strengthen domestic demand.     

Balancing the risk of ‘Lazearian’ interrupters and the benefits of educational and social peers: tracing parental preferences for class-size reduction

Using Danish survey data from a choice experiment, parental preferences for class-size reduction are estimated. While parents with children in large classes are willing to pay for class-size reduction, parents with children in small classes are reluctant and even express negative utility for further class-size reduction. We interpret this as parents balancing the risk of ‘Lazearian’ interrupters and the benefits of educational and social peers when forming their preferences for class size.     

Seasonality in macroeconomic time series

Recently, the seasonal characteristics of macroeconomic time series have drawn a lot of attention. It has been argued that the seasonal component of many macroeconomic time series constitutes a major part of the series measured as a proportion of the variance. In addition it has been found that the seasonal component of most macroeconomic time series is constant and best “explained” by seasonal dummies. Specifically it is often found that a Christmas boom is followed by a beginning of the year trough. Based on quarterly and monthly macroeconomic time series from a large number of countries this paper shows that many macroeconomic time series have seasonal components that are changing over time. Furthermore, the Christmas boom and especially the 1st quarter trough is not found nearly as often as one might expect.     

Book Reviews

A Bibliography of British Industrial Relations 1971–1979 G.S. Bain, J.D. Bennett Industrial Relations: an International and Comparative Bibliography John Bennett and Julian Fawcett Employee Relations Bibliography and Abstracts Arthur Marsh Innovation and the Auto Industry: Product, Process and Work Organization R. Whipp and P. Clark Trade Unions and Politics Ken Coates and Tony Topham Just Managing: Authority and Democracy in Industry Peter Cressey, John Eldridge and John MacInnes Women Managers: Travellers in a Male World Judi Marshall A Development Programme for Women in Management Mike Smith, Kay Smith Eddie Wood, Lynne Davidson, Sandra Langrish and Christine Mogridge The Social History of Occupational Health Paul Weindling (ed.)