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http://hdl.handle.net/10419/24450
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| Title: | | The unification bonus (malus) in postwall Eastern Germany  |
| Authors: | | Beblo, Miriam Collier, Irwin L. Knaus, Thomas |
| Issue Date: | | 2001 |
| Series/Report no.: | | ZEW Discussion Papers 01-29 |
| Abstract: | | This paper presents estimates of the unification bonus for East Germans over the period 1991 to 1998. The unification bonus is defined as the discounted value of the difference between a person?s actual income and his or her counterfactual real income stream forecast for a hypothetical continuation of economic life in a static GDR. The two main issues tackled in this study are the construction of valid deflators for a comparison of real incomes during the transition from a centralized to a market economy and the estimation of plausible counterfactual income streams. Our central result is that 19 percent of East Germans received a present value malus and so can be regarded as unification losers but that the aggregate bonus is ten times the size of the aggregate malus of the sample. |
| Subjects: | | Real income comparison income distribution and mobility economies in transition |
| JEL: | | D3 D1 P2 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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