The material prosperity of people consists of two main resources: income and wealth. The possession of wealth, in particular, offers extended consumption options, can make good a loss of income and secures one’s own pension – for example, via owner-occupied housing. Furthermore, it can finance the education of children and is built up to enable […]
Anita Tiefensee is an economist at the Institute of Economic and Social Research (WSI) of the Hans Böckler Foundation. Her work concerns the distribution of income, wealth and inheritances in Germany and Europe.