Interregional risk sharing and fiscal redistribution in reunified Germany
| dc.contributor.author | Jüßen, Falko | |
| dc.date.accessioned | 2006-11-10T07:45:28Z | |
| dc.date.available | 2006-11-10T07:45:28Z | |
| dc.date.issued | 2006-11-10T07:45:28Z | |
| dc.description.abstract | This paper provides empirical evidence of interregional risk sharing in reunified Germany. The focus is on two related questions: First, to what extent do private institutions and the public sector provide insurance against asymmetric shocks to individual regions? Second, to what extent does the public sector reduce long-term differences between regions? While the federal government channel is not found to have a stabilizing effect, private factor income flows provide almost complete insurance against short-term shocks. In sharp contrast, the fiscal transfer system achieves a substantial reduction of long-term disparities between regions. These results show that fiscal transfers in reunified Germany are mainly concerned with redistribution in favor of depressed regions rather than providing insurance against idiosyncratic shocks. | en |
| dc.format.extent | 226714 bytes | |
| dc.format.mimetype | application/pdf | |
| dc.identifier.other | JEL classification: E63, O47, R11, H23 | |
| dc.identifier.uri | http://hdl.handle.net/2003/23075 | |
| dc.identifier.uri | http://dx.doi.org/10.17877/DE290R-8025 | |
| dc.language.iso | en | |
| dc.subject | Distribution dynamics | en |
| dc.subject | Fiscal redistribution | en |
| dc.subject | Interregional risk sharing | en |
| dc.subject | Regional disparities | en |
| dc.subject.ddc | 004 | |
| dc.title | Interregional risk sharing and fiscal redistribution in reunified Germany | en |
| dc.type | Text | de |
| dc.type.publicationtype | report | en |
| dcterms.accessRights | open access |