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- O ... was signed in 1992 and envisaged the progressive establishment of an Economic and Monetary Union (EMU) by 1999 at the latest.
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- O ... was signed in 1992 and envisaged the progressive establishment of an Economic and Monetary Union (EMU) by 2005 at the latest. O
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- Solidarity tax The solidarity tax (known colloquially as “Soli”) is a supplementary levy to income tax. The solidarity surcharge amounts to 5.5 percent of the income tax. Its introduction in 1991 was justified with the cost of German unification. Social security State-organized compulsory insurance for the working population, consisting of the following five branches: statutory health insurance, nursing care insurance, statutory pension insurance, unemployment insurance, and statutory accident insurance. The contributions are based on a certain percentage of the gross wage and are usually paid equally by the employee and the employer. Exceptions: In the case of accident insurance, the employer is the sole contributor; and in the case of statutory health insurance, the employee's contribution rate is slightly higher than that of the employer.
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- Source: following Kahneman 2014 8.A.2 Decision situation B Simon Hegele is now 50 years old. He needs 5,000 Euro to cover the costs of his daughter’s wedding. Therefore he wants to sell some of his shares. Among the shares he owns, which are currently worth about 5,000 Euro, are Strawberry shares and Blueberry shares. The Strawberry shares are currently worth considerably more than Simon originally paid for them. The Blueberry shares, however, are currently worth less than Simon originally paid for them. The price of both shares has remained stable in recent weeks, and the forecasts are positive for both companies.
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- Source: Kahneman und Tversky 1984 4.A.2 Decision situation B You go into a shop and want to buy two things: a pair of trousers for 15 Euro and a calculator for 125 Euro. However, the salesperson points out that the calculator is 5 Euro cheaper in another store, which is about 20 minutes away.
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- Source: Kahneman/Tversky 1984 3.A.2 Decision situation B You want to go to the theatre and a ticket costs 20 Euro. You have reserved one, but still have to pick it up at the box office. Once you have arrived there, you realize that you have lost a 20-Euro note that had been in your wallet. However, you still have enough money for a ticket, and there are still tickets available in the same category at the same price.
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- Task 59 If the same mountain of goods, which will still be worth 1,000 Euro in 2015, costs 1020 Euro after one year, i.e., in 2016, inflation will be 2%. Here, one calculates: 1,000*1.02 = 1,020.
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Working Paper. 33 Sutter, M., Kocher, M. G., Glätzle-Rützler, D., Trautmann, S. T. (2013). Impatience and uncertainty: Experimental decisions predict adolescents’ field behavior. American Economic Review 103, 510-531.