Jahrbücher für Nationalökonomie und Statistik

Open Access Published by De Gruyter Oldenbourg

Volume 238 Issue 1 -

Issue of Jahrbücher für Nationalökonomie und Statistik

Contents
Journal Overview

Publicly Available March 2, 2018

Editorial

March 2, 2018

Original Article

February 9, 2018

The Distribution of Household Savings in Germany

Jochen Späth, Kai Daniel Schmid

Page range: 3-32

Abstract

Against the ongoing assessment of the root causes of rising economic inequality in industrialized countries, analyses of the distribution of savings along the income and wealth distribution are of high interest. We analyze the concentration of household savings in Germany by estimating saving amounts, saving rates and shares in aggregate savings across income and wealth groups. Our calculations are based on the Sample Survey of Household Income and Expenditure (EVS), containing more than 40,000 households in Germany. We show that the concentration of savings is substantial: while the top income decile’s share in total savings reaches 60 percent, the lower half of the income distribution on average does not save at all. Across wealth groups the concentration of savings is somewhat less pronounced. We also look beyond the top income threshold underlying the EVS (18,000 euros of monthly net household income) and demonstrate that corrected saving rates for the top income groups are considerably higher than those derived from the EVS alone. Hence, the top income groups’ shares in aggregate savings exceed estimated shares solely based on EVS data, revealing a substantially more pronounced concentration of savings along the income distribution.

February 9, 2018

Measuring Credit Demand and Supply: A Bayesian Model with an Application to Greece (2003–2011)

Angelos T. Vouldis

Page range: 33-76

Abstract

Motivated by the linkage between credit and growth in the Greek economy and the deceleration of credit since the financial crisis, this paper studies the evolution of credit demand and supply in Greece during the period 2003M1–2011M3. A model of the credit market is explored which disentangles demand and supply. A Bayesian estimation methodology with data augmentation for the latent variables is proposed. The analysis is carried out separately for each type of loan (short- and long-term business loans, consumer loans and mortgages) enabling the comparative study of the credit rationing and supply constraint effects across loan categories. The results indicate that, for all loan categories, excess demand characterized the boom period. After the intensification of the debt crisis, long-term business loans, consumer loans and mortgages were constrained from the supply side, however, demand for short-term business loans has slowed down more than supply, reflecting businesses’ need for stable funding. Finally, the structural effects of the crisis are investigated. The present paper aims to contribute to the strand of literature investigating the tools to analyse credit developments by formulating an enhanced and flexible version of a model which disentangles credit demand and supply and enables the monitoring of the evolution of financial imbalances.

Book Review

March 2, 2018

Thijs ten Raa: Handbook of Input-Output Analysis

Bernd Meyer

Page range: 77-79

February 2, 2018

Eswar S. Prasad: Gaining Currency: The Rise of the Renminbi

Michael Frenkel

Page range: 81-85

Data Observer

Open Access February 9, 2018

The ZEW ICT Survey 2002 to 2015: Measuring the Digital Transformation in German Firms

Irene Bertschek, Jörg Ohnemus, Steffen Viete

Page range: 87-99

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About this journal

The Journal of Economics and Statistics (Jahrbücher für Nationalökonomie und Statistik) is a scientific journal published in Germany since 1863. The journal publishes papers in all fields of economics and applied statistics. A specific focus is on papers combining theory with empirical analyses. Papers providing conclusions for economic policy in Europe are particularly welcome. Nevertheless, distinguished papers dealing exlusively with economic theory, empirical models, or economic history, will not be excluded from consideration.

The editors invite replication studies focusing on the robustness of empirical findings. The section Data Observer presents articles on data sets available for empirical research and institutions providing research data. The journal also publishes special issues, short comments, and book reviews. All freely accessible contributions, including the Data Observer articles, can be found via the website's article search functionality.

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Starting 2023, the Journal of Economics and Statistics will be transferred to Diamond Open Access on a year-by-year basis. All articles will thus immediately appear under the Creative Commons license CC-BY. There will be no publication costs for the authors.
The Open Access transformation is based on Subscribe-to-Open, an alternative model that enables the full Open Access transformation of journals through the continuation of existing subscriptions. The prerequisite for successful transformation is that subscriptions are continued to the same extent as before. The editors of the Journal of Economics and Statistics and the publisher De Gruyter would therefore like to thank all subscribers for their support, which has made the transformation to Open Access possible.

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Special Issue on "Advancing Agent-Based Economics"

Guest Editors: Michael Neugart, Technical University of Darmstadt) and Frank Westerhoff, University of Bamberg

Timeline: Submission of full papers January 15, 2024

Further details

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Special Issue on "Central Bank Digital Currency"

Guest Editors: Katrin Assenmacher, European Central Bank and Michael Frenkel, WHU

Timeline: Submission of full papers January 08, 2024

Further details

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Volume 238 Issue 1 -

Issue of Jahrbücher für Nationalökonomie und Statistik

Frontmatter

Editorial Announcement

The Distribution of Household Savings in Germany

Abstract

Measuring Credit Demand and Supply: A Bayesian Model with an Application to Greece (2003–2011)

Abstract

Thijs ten Raa: Handbook of Input-Output Analysis

Eswar S. Prasad: Gaining Currency: The Rise of the Renminbi

The ZEW ICT Survey 2002 to 2015: Measuring the Digital Transformation in German Firms