Jan Behringer studied International Economics and European Studies at Eberhard Karls University Tuebingen and University of St. Gallen, Switzerland, from 2005 to 2011. He worked as a student research assistant at the Institute for Applied Economic Research (IAW), Tuebingen, from 2008 to 2011. In 2012 he started his graduate studies within a project of the Macroeconomic Policy Institute (IMK) at Hans Boeckler Foundation, Düsseldorf and at Julius Maximilian University Wuerzburg (supervisor: Prof. Peter Bofinger). Jan’s research interests include the determinants of current account balances and panel econometrics.
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We analyse the link between income distribution and the current account for the period 1972-2007. We find that rising (top-end) personal inequality leads to a decrease of the current account, ceteris paribus.
[PART 2] U.S. Current Account Deficits and German Surpluses: The Role of Income Distribution in Global Imbalances
In our two papers, we analyze how changes in personal and functional (wages versus profits) income distribution interact to produce different macroeconomic outcomes in different countries. On the basis of a stock-flow consistent model calibrated for the United States, Germany, and China, simulations suggest that a substantial part of the increase in household debt and the decrease in the current account in the United States since the early 1980s can be explained by the interplay of rising (top-end) household income inequality and certain institutions (e.g. easy access to credit, privately financed education and health care systems).