{"nextPageNumber":3,"markup":"\n\n<div class=\"co__main\">\n\n    \n\n    <ul class=\"teaser-list teaser-type-default row row-cols-1 row-cols-sm-2 row-cols-md-2\">\n        \n            \n            \n                \n            \n            <li class=\"teaser-list__item\">\n                \n\n<article class=\"publication-page-teaser\" is=\"publication-page-teaser\">\n    \n    \n    \n    \n        \n    \n        \n            \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n\n    <div class=\"publication-teaser__header d-flex justify-content-between\">\n\n        \n        \n\n        \n\n        <p class=\"publication-page-teaser__published\">\n            \n            \n                \n            \n\n            \n                <span class=\"publisher\">\n                    Kiel Working Papers\n                <\/span><br>\n            \n            <span class=\"published-date\">11\/2025<\/span>\n        <\/p>\n\n        \n            <p class=\"publication-page-teaser__meta\">\n                <span class=\"meta meta__category\">Working Paper<\/span>\n            <\/p>\n        \n    <\/div>\n\n    <h3 class=\"publication-page-teaser__headline h2\">\n        <a class=\"publication-page-teaser__page-link\" href=\"\/publications\/the-great-leveler-according-to-hank-19122\/\">The Great Leveler According to HANK<\/a>\n    <\/h3>\n\n    <div class=\"publication-page-teaser__info d-flex justify-content-between align-items-end\">\n        <p class=\"publication-page-teaser__author\">Luetticke, R., Meyer, T., Müller, G.J., Schularick, M.<\/p>\n\n        \n            <a class=\"publication-page-teaser__pdf d-flex align-items-center\"\n               href=\"\/fileadmin\/Dateiverwaltung\/IfW-Publications\/fis-import\/cc0cb5bf-f52f-4691-bf62-4107e32768a0-KWP_2308.pdf\">\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"13\" height=\"13\" viewBox=\"0 0 13 13\">\n                    <path fill=\"#1C1B1F\"\n                          d=\"M6.5 8.666 3.792 5.958l.758-.785L5.96 6.58V2.166h1.083v4.415L8.45 5.173l.759.785L6.5 8.666Zm-3.25 2.167c-.298 0-.553-.106-.765-.318a1.043 1.043 0 0 1-.318-.765V8.125H3.25V9.75h6.5V8.125h1.084V9.75c0 .298-.106.553-.319.765a1.043 1.043 0 0 1-.765.318h-6.5Z\"\/>\n                <\/svg>\n                PDF\n            <\/a>\n        \n\n    <\/div>\n<\/article>\n\n            <\/li>\n        \n            \n            \n                \n            \n            <li class=\"teaser-list__item\">\n                \n\n<article class=\"publication-page-teaser\" is=\"publication-page-teaser\">\n    \n    \n    \n    \n        \n    \n        \n            \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n\n    <div class=\"publication-teaser__header d-flex justify-content-between\">\n\n        \n      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   \n            \n            \n                \n            \n            <li class=\"teaser-list__item\">\n                \n\n<article class=\"publication-page-teaser\" is=\"publication-page-teaser\">\n    \n    \n    \n    \n        \n    \n        \n            \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n\n    <div class=\"publication-teaser__header d-flex justify-content-between\">\n\n        \n        \n\n        \n\n        <p class=\"publication-page-teaser__published\">\n            \n            \n                \n            \n\n            \n                <span class=\"publisher\">\n                    Kiel Working Papers\n                <\/span><br>\n            \n            <span class=\"published-date\">08\/2025<\/span>\n        <\/p>\n\n        \n            <p class=\"publication-page-teaser__meta\">\n                <span class=\"meta meta__category\">Working Paper<\/span>\n            <\/p>\n        \n    <\/div>\n\n    <h3 class=\"publication-page-teaser__headline h2\">\n        <a class=\"publication-page-teaser__page-link\" href=\"\/publications\/who-pays-for-higher-energy-costs-distributional-effects-in-the-housing-market-18285\/\">Who Pays for Higher Energy Costs? Distributional Effects in the Housing Market<\/a>\n    <\/h3>\n\n    <div class=\"publication-page-teaser__info d-flex justify-content-between align-items-end\">\n        <p class=\"publication-page-teaser__author\">Amaral, F., Zetzmann, S.<\/p>\n\n        \n            <a class=\"publication-page-teaser__pdf d-flex align-items-center\"\n               href=\"\/fileadmin\/Dateiverwaltung\/IfW-Publications\/fis-import\/22b67795-66d6-471c-ae1a-e6e3dfb87ea2-KWP_2297.pdf\">\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"13\" height=\"13\" viewBox=\"0 0 13 13\">\n                    <path fill=\"#1C1B1F\"\n                          d=\"M6.5 8.666 3.792 5.958l.758-.785L5.96 6.58V2.166h1.083v4.415L8.45 5.173l.759.785L6.5 8.666Zm-3.25 2.167c-.298 0-.553-.106-.765-.318a1.043 1.043 0 0 1-.318-.765V8.125H3.25V9.75h6.5V8.125h1.084V9.75c0 .298-.106.553-.319.765a1.043 1.043 0 0 1-.765.318h-6.5Z\"\/>\n                <\/svg>\n                PDF\n            <\/a>\n        \n\n    <\/div>\n<\/article>\n\n            <\/li>\n        \n            \n            \n                \n            \n            <li class=\"teaser-list__item\">\n                \n\n<article class=\"publication-page-teaser\" is=\"publication-page-teaser\">\n    \n    \n    \n    \n        \n    \n        \n            \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n        \n    \n\n    <div class=\"publication-teaser__header d-flex justify-content-between\">\n\n        \n        \n\n        \n\n        <p class=\"publication-page-teaser__published\">\n            \n            \n\n            \n                <span class=\"publisher\">Review of Economic Dynamics<\/span><br>\n            \n            <span class=\"published-date\">07\/2025<\/span>\n        <\/p>\n\n        \n            <p class=\"publication-page-teaser__meta\">\n                <span class=\"meta meta__category\">Journal Article<\/span>\n            <\/p>\n        \n    <\/div>\n\n    <h3 class=\"publication-page-teaser__headline h2\">\n        <a class=\"publication-page-teaser__page-link\" href=\"\/publications\/the-distribution-of-household-debt-in-the-united-states-1950-2022-18127\/\">The Distribution of Household Debt in the United States, 1950-2022<\/a>\n    <\/h3>\n\n    <div class=\"publication-page-teaser__info d-flex justify-content-between align-items-end\">\n        <p class=\"publication-page-teaser__author\">Bartscher, K.A., Kuhn, M., Schularick, M., Steins, U.I.<\/p>\n\n        \n\n    <\/div>\n<\/article>\n\n            <\/li>\n        \n    <\/ul>\n\n\n\n\n<\/div>\n\n\n\n\n\n    \n\n\n        <div class=\"co__pagination\">\n            <div class=\"pagination readmore\">\n                <a class=\"readmore-button btn btn-secondary\" href=\"\/institute\/research-centers\/macroeconomics\/macrofinance?tx_ifwlistpages_listpages%5Baction%5D=readmore&amp;tx_ifwlistpages_listpages%5BcontentUid%5D=43873&amp;tx_ifwlistpages_listpages%5Bcontroller%5D=ListPages&amp;tx_ifwlistpages_listpages%5BcurrentPageNumber%5D=3&amp;type=1753357225841&amp;cHash=12c4ee1f4c9126b3d1731d096dc2fe69\">\n                    show more\n                <\/a>\n            <\/div>\n        <\/div>\n    \n\n\n\n\n\n\n\n\n"}