Dipl.- Vw. Philipp Scheuermeyer
Lehrstuhl VWL I
Sprechzeiten: nach Vereinbarung
Tel.: (0931) 31-89382
Betreuung von Bachelorthesen und Seminararbeiten
Tutorien zur Einführung in die VWL
“The wage share and domestic demand: Evidence from panel time series regressions.” University of Würzburg, July 2017.
This paper evaluates the relationship between the functional distribution of income and the evolution of aggregate demand for 23 OECD countries. In the short run we find two-way granger causation between the wage share and gdp growth. While such a result may point towards a wage-led demand regime we suggest that short run effects of functional distribution may be subject to a simultaneity bias. Hence, we estimate the long run relationship between the wage share and the components of domestic demand via panel time-series methods. Next to distinguishing between different time horizons our approach allows for parameter heterogeneity and cross-sectional dependence across countries. On average, our results suggest that in the long run a shift of income from labor to capital lowers consumption but stimulates investment to a similar extent.
"Income distribution and aggregate saving: New evidence.” (with Peter Bofinger), Voxeu.org, 20.October 2016. (appears on the webpage of the World Economic Forum as “The link between inequality and saving”) https://www.weforum.org/agenda/2016/10/the-link-between-inequality-and-saving
"Income Distribution and Aggregate Saving: A Non-Monotonic Relationship.” (with Peter Bofinger), CEPR Discussion Paper No. 11435, London, Centre for Economic Policy Research, August 2016. (Revision submitted to: Review of Income and Wealth) http://cepr.org/active/publications/discussion_papers/dp.php?dpno=11435
"Growth Effects of Inequality and Redistribution: What are the Transmission Channels?” (with Klaus Gründler) University of Würzburg, July 2017. (Revision submitted to: Journal of Macroeconomics)
Earlier version available as:
"Income Inequality, Economic Growth, and the Effect of Redistribution." Würzburg Economic Papers No. 95, August 2015. https://www.econstor.eu/handle/10419/114736
"Das 'Kapital' im 21. Jahrhundert." (with Peter Bofinger), in Thomas Piketty und die Verteilungsfrage: Analysen, Bewertungen und wirtschaftspolitische Implikationen für Deutschland, März 2015.
Work in Progress
“Inequality and growth: Implications for Germany” (with Peter Bofinger)
“Income inequality and fertility: Is there a causal effect?” (with Klaus Gründler)