Germany has seen the arrival of a large number of displaced children and adolescents in recent years. Integration is vital for their lives today and in the future. Key indicators of successful integration are a sense of belonging to school, participation in extracurricular activities, both within school and outside it, and social contacts. The present report examines these indicators based on data ...
2020| Ludovica Gambaro, Daniel Kemptner, Lisa Pagel, Laura Schmitz, C. Katharina Spieß
This report compares employment expectations among refugees in Germany in 2016 with their actual employment situation in 2018, using the IAB-BAMF-SOEP Survey of Refugees in Germany. In 2016, the majority of refugees reported that the probability they would find employment within two years was high. Employment expectations were met by 54 percent of all refugees; yet 35 percent of refugees who articulated ...
The European banking union has so far lacked its third pillar: a joint insurance fund for bank savings deposits. As the present study shows, this could be a major disadvantage in dealing with the economic impact of the corona pandemic. A scenario in which a wave of corporate insolvencies leads to loan and deposit losses reaching six percent over a year would over- whelm Germany’s national deposit insurance ...
2020| Marius Clemens, Stefan Gebauer, Tobias König
Individuals with assets in the millions of euros have been underrepresented in population surveys and accordingly little has been known about them. As a result, the full extent of wealth concentration in Germany was unknown. To close the existing data gap, the Socio-Economic Panel (SOEP) inte- grated a special sample in which individuals with high assets are overrepresented. New calculations using ...
2020| Carsten Schröder, Charlotte Bartels, Konstantin Göbler, Markus M. Grabka, Johannes König
The European Green Deal, initiated by the EU Commission, is a package of measures aimed at decarbonization and sustainable economic development with the goal of making the European Union climate neutral by 2050. To achieve this goal, the emission reductions target must be increased from 40 percent to 65 percent compared to 1990 levels, as the model calculations in this Weekly Report show. Fossil and ...
2020| Karlo Hainsch, Leonard Göke, Claudia Kemfert, Pao-Yu Oei, Christian von Hirschhausen
Currently, the European Commission intends to increase the EU’s 2030 climate target. Instead of a 40 percent target, greenhouse gas emissions would be reduced by 50 to 55 percent compared to 1990 levels; the European Parliament is even considering a 65-percent reduction. The European Emissions Trading System (EU ETS) sectors should make an appropriate contribution to this reduction. However, decisive ...
2020| Aleksandar Zaklan, Vicki Duscha, Claudia Gibis, Jakob Wachsmuth, Jan Weiß, Claudia Kemfert
The coronavirus recession has left deep marks on the German economy and despite economic policy action, it is likely to heal only slowly. The partial easing of the lockdown and a gradual revival of global value chains are generating positive stimuli, but massive income losses will curb demand for some time to come. The German Federal Government was able to avoid the worst by implementing measures to ...
2020| Claus Michelsen, Marius Clemens, Max Hanisch, Simon Junker, Konstantin A. Kholodilin, Laura Pagenhardt, Thore Schlaak
The consequences of the ongoing 2020 coronavirus pandemic are leaving deep marks on the global economy. In the first quarter of 2020, global production sank by 15.5 percent over the course of the worldwide lockdown. Since containment measures in many countries were mainly implemented during the second quarter of 2020, the slump in the first half of 2020 is likely to be even more severe overall. Due ...
2020| Claus Michelsen, Guido Baldi, Marius Clemens, Geraldine Dany-Knedlik, Hella Engerer, Marcel Fratzscher, Stefan Gebauer, Max Hanisch, Simon Junker, Konstantin A. Kholodilin, Laura Pagenhardt, Malte Rieth, Thore Schlaak
As the coronavirus pandemic spread across the globe in early 2020, the European Central Bank as well as national governments in the euro area enacted or announced numerous economic policy measures to counteract the severe economic consequences of the resulting lockdowns. In this paper, the immediate effect of the announcements on government bond and stock markets are estimated in a panel study. The ...
2020| Kerstin Bernoth, Marius Clemens, Geraldine Dany-Knedlik, Stefan Gebauer
Mobile money is an innovation that allows financial transactions to be performed via a cell phone. Even in poor regions of Africa, almost everyone has a cell phone; therefore, mobile money could both contribute to the continent’s economic growth and ensure that no Africans are excluded from access to financial services. However, DIW Berlin data from Uganda show that mobile money is actually used less ...
Market participants are generally in agreement that the coronavirus pandemic will have a severe impact on the European economy, but it is difficult to predict the length and extent of the pandemic’s effects. However, using the yield curves of corporate bonds, we can reach some preliminary conclusions about the impact of the pandemic. The expectations of financial market participants are revealed in ...
2020| Stephanie Ettmeier, Chi Hyun Kim, Alexander Kriwoluzky
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