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Erst sparen, dann kaufen? Privatverschuldung in Deutschland

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  • Mertens, Daniel

Abstract

Die letzten Jahrzehnte waren vielerorts durch einen außerordentlichen Anstieg privater Verschuldung gekennzeichnet, der nicht nur Wachstum und Wohlstand produzierte, sondern auch in die sozialen und ökonomischen Verwerfungen der Finanzkrise mündete. In Deutschland meint man, von diesem "Pumpkapitalismus" nur wenig zu spüren, denn die historisch eigentümliche Schuldendynamik führte in den 2000er-Jahren zu stagnierenden und im internationalen Vergleich geringen Schuldenquoten. Daniel Mertens entwirft das Bild einer gedämpften Finanzialisierung in der vom Export und Sparen geprägten deutschen Ökonomie.

Suggested Citation

  • Mertens, Daniel, 2015. "Erst sparen, dann kaufen? Privatverschuldung in Deutschland," Schriften aus dem Max-Planck-Institut für Gesellschaftsforschung Köln, Max Planck Institute for the Study of Societies, volume 82, number 82.
    • Handle: RePEc:zbw:mpifgs:82
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    References listed on IDEAS

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    1. Christian E. Weller, 2007. "Need or Want: What Explains the Run-up in Consumer Debt?," Journal of Economic Issues, Taylor & Francis Journals, vol. 41(2), pages 583-592, June.
    2. Volker Berghahn & Brigitte Young, 2013. "Reflections on Werner Bonefeld's 'Freedom and the Strong State: On German Ordoliberalism' and the Continuing Importance of the Ideas of Ordoliberalism to Understand Germany's (Contested) Role in Resol," New Political Economy, Taylor & Francis Journals, vol. 18(5), pages 768-778, October.
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    Cited by:

    1. Höpner, Martin, 2019. "The German undervaluation regime under Bretton Woods: How Germany became the nightmare of the world economy," MPIfG Discussion Paper 19/1, Max Planck Institute for the Study of Societies.
    2. Korom, Philipp, 2017. "Ungleiche Mittelschichten: Über Unterschiede im Immobilienvermögen und im Erbe innerhalb der Mitte Deutschlands," MPIfG Discussion Paper 17/14, Max Planck Institute for the Study of Societies.
    3. Scharpf, Fritz W., 2018. "International monetary regimes and the German model," MPIfG Discussion Paper 18/1, Max Planck Institute for the Study of Societies.
    4. Fuchs-Schündeln, Nicola & Haliassos, Michael, 2021. "Participation following sudden access," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 671-688.
    5. Braun, Benjamin & Deeg, Richard, 2019. "Strong firms, weak banks: The financial consequences of Germany's export-led growth model," MPIfG Discussion Paper 19/5, Max Planck Institute for the Study of Societies.
    6. Matthias Thiemann & Bart Stellinga, 2023. "Between technocracy and politics: How financial stability committees shape precautionary interventions in real estate markets," Regulation & Governance, John Wiley & Sons, vol. 17(2), pages 531-548, April.
    7. Höpner, Martin & Baccaro, Lucio, 2022. "Das deutsche Wachstumsmodell, 1991-2019," MPIfG Discussion Paper 22/9, Max Planck Institute for the Study of Societies.

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