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DIW Discussion Papers 1057 / 2010
Micro-econometric intra-cohort profitability analyses of pay-as-you-go (PAYG) pension contributions are rare. We use representative employment histories of a birth cohort of German PAYG pension insurants retiring in year 2005 to econometrically examine the determinants of the profitability of such contributions using nominal internal rates of return (IRR) as profitability measure. When future nominal ...
2010| Carsten Schröder
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DIW Discussion Papers 1056 / 2010
Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer construct with microfoundations. One complex aspect of micro-level heterogeneity is household size, as individuals ...
2010| Christos Koulovatianos, Carsten Schröder, Ulrich Schmidt
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DIW Discussion Papers 1055 / 2010
In this paper we analyze the relationship between social networks and the job search behavior of unemployed individuals. It is believed that networks convey useful information in the job search process such that individuals with larger networks should experience a higher productivity of informal search. Hence, job search theory suggests that individuals with larger networks use informal search channels ...
2010| Marco Caliendo, Ricarda Schmidl, Arne Uhlendorff
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DIW Discussion Papers 1054 / 2010
Argentina hit world news headlines in 2002 due to the largest debt-default in history and a sudden economic collapse reminiscent of economic statistics from the Great Depression. In this article, we focus on other consequences of the crisis that are not so obvious, but that may linger for decades on. Combining macroeconomic indicators with the Argentine national registry of live births, approximately ...
2010| Carlos Bozzoli, Climent Quintana-Domeque
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DIW Discussion Papers 1053 / 2010
This paper provides a way of evaluating a player's contribution to her team and relates her effort to her salaries. We collect data from UEFA Euro 2008 Tournament and construct the passing network of each team. Then we determine the key player in the game while ranking all the other players too. Next, we identify key groups of players to determine which combination of players played more important ...
2010| Sudipta Sarangi, Emre Unlu
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DIW Discussion Papers 1052 / 2010
We present a mixed integer, multi-period, cost-minimizing carbon capture, transport and storage (CCTS) network model for Europe. The model incorporates endogenous decisions about carbon capture, pipeline and storage investments; capture, flow and injection quantities based on given costs, certificate prices, storage capacities and point source emissions.The results indicate that CCTS can theoretically ...
2010| Roman Mendelevitch, Johannes Herold, Pao-Yu Oei, Andreas Tissen
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DIW Discussion Papers 1051 / 2010
The international community has a declared intention to protect innocent civilians from direct and deliberate violence in civil conflicts, but its track record of actually doing so is mixed. Using a new monthly time-series data set, we explore the factors associated with variations in the number of civilians killed or wounded by participants in the civil war in Peru during the 1980s and 1990s. We find ...
2010| David Fielding, Anja Shortland
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DIW Discussion Papers 1050 / 2010
This survey provides an in-depth analysis of existing research on the economic analysis of terrorism and counter-terrorist measures. First the existing evidence on the causes of terrorism is analyzed, then we consider the evidence of the consequences of terrorism and we demonstrate why it is important to regarding of the issue of counter-terrorism policy. Moreover the survey presents the existing knowledge ...
2010| Friedrich Schneider, Tilman Brück, Daniel Meierrieks
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DIW Discussion Papers 1049 / 2010
This survey provides an in-depth analysis of existing research on the economic analysis of terrorism and counter-terrorist measures. First the existing evidence on the causes of terrorism is analyzed, then we consider the evidence of the consequences of terrorism and we demonstrate why it is important to regarding of the issue of counter-terrorism policy. Moreover the survey presents the existing knowledge ...
2010| Friedrich Schneider, Tilman Brück, Daniel Meierrieks
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DIW Discussion Papers 1048 / 2010
Respondent driven sampling (RDS) is a network sampling technique typically employed for hard-to-reach populations (e.g. drug users, men who have sex with men, people with HIV). Similar to snowball sampling, initial seed respondents recruit additional respondents from their network of friends. The recruiting process repeats iteratively, thereby forming long referral chains. Unlike in snowball sampling, ...
2010| Matthias Schonlau, Elisabeth Liebau
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DIW Discussion Papers 1047 / 2010
Using controlled experiments, we examine how individuals make choices when faced with multiple options. Choice tasks are designed to mimic the selection of health insurance, prescription drug, or retirement savings plans. In our experiment, available options can be objectively ranked allowing us to examine optimal decision making. First, the probability of a person selecting the optimal option declines ...
2010| Tibor Besedes, Cary Deck, Sudipta Sarangi, Mikhael Shor
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DIW Discussion Papers 1046 / 2010
This paper empirically investigates the effects of changes in the interest rate as well as transitory income uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the uncompensated interest rate elasticity for savings, in line with the literature, to around zero. Accordingly, any policy-induced variation of net returns to savings ...
2010| Martin Beznoska, Richard Ochmann
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DIW Discussion Papers 1045 / 2010
It is increasingly observable that in different industries competitors jointly acquire and share customer data. We propose a modified Hotelling model with two-dimensional consumer heterogeneity to analyze the incentives for such agreements and their welfare implications. In our model the incentives of firms for data acquisition and sharing depend on the willingness of consumers to switch brands. Firms ...
2010| Nicola Jentzsch, Geza Sapi, Irina Suleymanova
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DIW Discussion Papers 1044 / 2010
Taking advantage of the panel structure of the data, the impact of intermarriage on labor market productivity as measured by earnings is examined. Contrarily to previous studies which rely on instrumental variable techniques, selection issues are addressed within a fixed effects framework. The model accounts for short and long term effects as well as general differences between those who intermarry ...
2010| Olga Nottmeyer
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DIW Discussion Papers 1043 / 2010
We provide laboratory evidence that people neglect skewness resulting from compound shocks.
2010| Ludwig Ensthaler, Olga Nottmeyer, Georg Weizsäcker
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DIW Discussion Papers 1042 / 2010
The recession the United States economy entered in December of 2007 is considered to be the most severe downturn the country has experienced since the Great Depression. The unemployment rate reached as high as 10.1 percent in October 2009 - the highest we have seen since the 1982 recession. In this paper we examine the severity of this recession compared to those in the past by examining worker flows ...
2010| Eva Sierminska, Yelena Takhtamanova
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DIW Discussion Papers 1041 / 2010
Using quarterly data from 2000-2007 and applying Error Correction Model and Johansen Co-integration Approaches I estimate the impact of real oil price on the real exchange rate of Azerbaijani manat. Estimation outputs derived from these approaches are very close to each other and indicate that real oil price has statistically significant positive impact on real exchange rate in the long-run. Besides, ...
2010| Fakhri Hasanov
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DIW Discussion Papers 1040 / 2010
After the dramatic rescue package for the euro area, the governing council of the European Central Bank decided to purchase European government bonds - to ensure an “orderly monetary policy transmission mechanism”. Many observers argued that, by bond purchases, national fiscal policies could from now on dominate the common monetary policy. This note argues that they are quite right. The ECB has indeed ...
2010| Ansgar Belke
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DIW Discussion Papers 1039 / 2010
This document provides an overview of the long-term care system, the number and develop-ment of beneficiaries and the long-term care policy in Germany. The report is part of the first stage of the European project ANCIEN (Assessing Needs of Care in European Nations), commissioned by the European Commission under the Seventh Framework Programme (FP7). The first part of the project aims to facilitate ...
2010| Erika Schulz
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DIW Discussion Papers 1038 / 2010
This document provides an overview of the long-term care system, the number and develop-ment of beneficiaries and the long-term care policy in Denmark. The report is part of the first stage of the European project ANCIEN (Assessing Needs of Care in European Nations), commissioned by the European Commission under the Seventh Framework Programme (FP7). The first part of the project aims to facilitate ...
2010| Erika Schulz