In this study, we set up a DSGE model with upward looking consumption comparison and show that consumption externalities are an important driver of consumer credit dynamics. Our model economy is populated by two different household types. Investors,
We present evidence that the practice of holding back poorly performing students affects estimates of the impact of class size on student outcomes based on within-school variation of cohort size over time. This type of variation is commonly used to .
Although universal childcare has become an essential tool to support child development, few economic studies analyze its effects on non-cognitive skills and little is known about causal effects on these skills in the long run. In this paper we go ...
2019| Maximilian Bach, Josefine Koebe, Frauke H. Peter
Macroprudential policies for financial institutions have received increasing prominence since the global financial crisis. These policies are often aimed at the commercial banking sector, while a host of other non-bank financial institutions, or ...
In energy efficiency networks, groups of firms exchange experiences on energy conservation in regular meetings over several years. The companies implement energy efficiency measures in order to reach commonly agreed energy savings and CO2 reduction .
This paper analyzes the impact of urbanization on CO2 emissions within the STIRPAT framework over the period 1971 to 2014 for a panel of 76 countries clustered into income groups. Using dynamic panel estimations techniques, the empirical results ...
This paper analyzes the nature of democratic development in a nation on the process of introducing nuclear power over the period 1960 - 2017 for an unbalanced panel of 171 countries. Given the involved political process of introducing nuclear power .
2019| Lars Sorge, Anne Neumann, Christian von Hirschhausen, Ben Wealer
In this paper, we analyse the effects of a unilateral change in an emissions tax in a model of international trade with heterogeneous firms. We find a positive effect of tighter environmental policy on average productivity in the reforming country ..
We examine the introduction of a gender quota law in Germany, mandating a minimum 30% of the underrepresented gender on the supervisory boards of a particular type of firms. We exploit the fact that Germany has a two-tier corporate system consisting
2019| Alexandra Fedorets, Anna Gibert, Norma Burow
This paper analyzes the impact of a reduction in women's labor supply through retirement on their informal care provision. Using SOEP data from the years 2001- 2016 the analysis addresses fundamental endogeneity problems by applying a fuzzy ...
We document day care enrolment gaps by family background for children under 3 in Germany. Research demonstrates that children of less-educated or foreign-born parents benefit most from day care, making it important to understand the causes of such ..
2019| Jonas Jessen, Sophia Schmitz, Sevrin Waights
This study investigates the interrelation between the household leverage cycle, collateral constraints, and monetary policy. Using data on the U.S. economy, we find that a contractionary monetary policy shock leads to a large and significant fall in
Does the federal minimum wage in Germany introduced in 2015 improve the income situation of low income households and reduce in-work poverty? Previous literature on its distributional impact was either focused on earnings and hourly wages (e.g. ...
With more than ten thousand casualties, the 2014 Ukrainian war between pro-Russian separatists and the government in the Donbass region, Ukraine's productive core, has taken a severe toll on the country. Using cross-country panel data over the period
Antibiotic resistance constitutes a major health threat. Predicting bacterial causes of infections is key to reducing antibiotic misuse, a leading cause of antibiotic resistance. We combine administrative and microbiological laboratory data from ...
Dieser Beitrag möchte einen Impuls zur stärkeren Berücksichtigung von Genderaspekten in makroökonomischen Modellen geben. Am Beispiel der Philipps-Kurve geht es um die Frage, ob sich das Erwerbsverhalten von Frauen und Männern so stark voneinander ..
While several studies suggest that stress-related mental health problems among school children are related to specific elements of schooling, empirical evidence on this causal relationship is scarce. We examine a German schooling reform that ...
2019| Jan Marcus, Simon Reif, Amelie Wuppermann, Amélie Rouche
The loss of international competitiveness of domestic industries remains a key obstacle to the implementation of effective carbon prices in a world without harmonized climate policies. We analyze countries' non-cooperative choices of emissions taxes
2019| Philipp M. Richter, Marco Runkel, Robert C. Schmidt
I study the predictability of the EC’s merger decision procedure before and after the 2004 merger policy reform based on a dataset covering all affected markets of mergers with an official decision documented by DG Comp between 1990 and 2014. Using .
In Germany, public debates between economists are rather rare. However, in media cover-age on economists there is an implicit assignment to ideological camps, such as employer/employee-friendly or left/market liberal. Since for most of the economists
2019| Wolfgang Schwarzbauer, Tobias Thomas, Gert G. Wagner
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