1857 Ergebnisse, ab 21
Diskussionspapiere 1834 / 2019

Can Governments Ban Materials with Large Carbon Footprint? Legal and Administrative Assessment of Product Carbon Requirements

This paper explores whether governments can ban carbon-intensive materials through product carbon requirements. By setting near-zero emission limits for the production of materials to be sold within a jurisdiction, governments would accelerate the phase out of carbon-intensive production processes. Their announcement could alert basic materials producers, financing institutions, and other relevant

2019| Timo Gerres, Manuel Haussner, Karsten Neuhoff, Alice Pirlot
Diskussionspapiere 1833 / 2019

Economics of Nuclear Power Plant Investment: Monte Carlo Simulations of Generation III/III+ Investment Projects

This paper analyzes nuclear power plant investments using Monte Carlo simulations of economic indicators such as net present value (NPV) and levelized cost of electricity (LCOE). In times of liberalized electricity markets, largescale decarbonization and climate change considerations, this topic is gaining momentum and requires fundamental analysis of cost drivers. We adopt the private investors’

2019| Ben Wealer, Simon Bauer, Leonard Göke, Christian von Hirschhausen, Claudia Kemfert
Diskussionspapiere 1832 / 2019

Rent Control, Market Segmentation, and Misallocation: Causal Evidence from a Large-Scale Policy Intervention

This paper studies market segmentation that arises from the introduction of a price ceiling in the market for rental housing. When part of the market faces rent control, theory predicts an increase of free-market rents, a consequence of misallocation of households to housing units. We study a large-scale policy intervention in the German housing market in 2015 to document this mechanism

2019| Andreas Mense, Claus Michelsen, Konstantin A. Kholodilin
Diskussionspapiere 1831 / 2019

Proxy VAR Models in a Data-Rich Environment

Structural VAR models require two ingredients: (i) Informational sufficiency, and (ii) a valid identification strategy. These conditions are unlikely to be met by small-scale recursively identified VAR models. I propose a Bayesian Proxy Factor-Augmented VAR (BP-FAVAR) to combine a large information set with an identification scheme based on an external instrument. In an application to monetary

2019| Martin Bruns
Diskussionspapiere 1830 / 2019

Is There Still Son Preference in the United States?

In this paper, we use 2008-2013 American Community Survey data to update and further probe evidence on son preference in the United States. In light of the substantial increase in immigration, we examine this question separately for natives and immigrants. Dahl and Moretti (2008) found earlier evidence consistent with son preference in that having a female first child raised fertility and

2019| Francine D. Blau, Lawrence M. Kahn, Peter Brummund, Jason Cook, Miriam Larson-Koester
Diskussionspapiere 1829 / 2019

What Makes an Employer?

As the policy debate on entrepreneurship increasingly centers on firm growth in terms of job creation, it is important to better understand which variables influence the first hiring decision and which ones influence the subsequent survival as an employer. Using the German Socioeconomic Panel (SOEP), we analyze what role individual characteristics of entrepreneurs play in sustainable job creation.

2019| Marco Caliendo, Frank M. Fossen, Alexander S. Kritikos
Diskussionspapiere 1828 / 2019

The Effect of Early Childhood Education and Care Services on the Social Integration of Refugee Families

Devising appropriate policy measures for the integration of refugees is high on the agenda of many governments. This paper focuses on the social integration of families seeking asylum in Germany between 2013 and 2016. Exploiting differences in services availability across counties as an exogenous source of variation, we evaluate the effect of early education attendance by refugee children on their

2019| Ludovica Gambaro, Guido Neidhöfer, C. Katharina Spieß
Diskussionspapiere 1827 / 2019

The Role of Labor Demand in the Labor Market Effects of a Pension Reform

This paper shows that labor demand plays an important role in the labor market reactions of older women affected by pension deductions for early retirement. Based on a large representative sample of the German workforce (SIAB), we calculate the consequences of individual financial incentive changes caused by a pension reform in Germany on employment, unemployment, and partial retirement. The

2019| Johannes Geyer, Peter Haan, Svenja Lorenz, Mona Pfister, Thomas Zwick
Diskussionspapiere 1826 / 2019

Cheating and Corruption: Evidence from a Household Survey

This study tests the prediction that a corrupt government reduces ethical behavior among its citizens. We integrate a standard "cheating" experiment into a broad household survey and find clear support for this prediction: respondents who perceive corruption in state affairs are more likely to cheat. Interestingly, there is a small group of non-conformers. The main relation is robust to

2019| Olaf Hübler, Melanie Koch, Lukas Menkhoff, Ulrich Schmidt
Diskussionspapiere 1825 / 2019

Do Expert Panelists Herd? Evidence from FDA Committees

We develop a structural model to address the question whether, and to what extent, expert panelists engage in herd behavior when voting on important policy questions. Our data comes from FDA advisory committees voting on questions concerning the approval of new drug applications. We utilize a change in the voting procedure from sequential to simultaneous voting to identify herding. Estimates

2019| Melissa Newham, Rune Midjord
Diskussionspapiere 1824 / 2019

Social Status Concerns and the Political Economy of Publicly Provided Private Goods

We analyze the political economy of the public provision of private goods when individuals care about their social status. Status concerns motivate richer individuals to vote for the public provision of goods they themselves buy in markets: a higher provision level attracts more individuals to the public sector, enhancing the social exclusivity of market purchases. Majority voting may lead to a

2019| Jana Friedrichsen, Tobias König, Tobias Lausen
Diskussionspapiere 1823 / 2019

The Effect of Personalized Feedback on Small Enterprises’ Finances in Uganda

This RCT examines the effect of a new style finance training during which participants are given personalized feedback on their financial business outcomes in addition to a “rules-of-thumb” training approach. We compare this to the effects of a “rules-of-thumb” training by itself and to a control group. Targeting about 500 small and micro entrepreneurs in Kampala, Uganda, we find that the

2019| Antonia Grohmann, Lukas Menkhoff, Helke Seitz
Diskussionspapiere 1822 / 2019

The Nexus between Loan Portfolio Size and Volatility: Does Banking Regulation Matter?

Since the global financial crisis and the related restructuring of banking systems, bank concentration is on the rise in many countries. Consequently, bank size and its role for macroeconomic volatility (or: stability) is the subject of intense debate. This paper analyzes the effects of financial regulations on the link between bank size, as measured by the volume of the loan portfolio, and

2019| Franziska Bremus, Melina Ludolph
Diskussionspapiere 1821 / 2019

Tax and Spending Shocks in the Open Economy: Are the Deficits Twins?

We present evidence on the open economy consequences of US fiscal policy shocks identified through proxy-instrumental variables. Tax shocks and government spending shocks that raise the government budget deficit lead to persistent current account deficits. In particular, the negative response of the current account to exogenous tax reductions through a surge in the demand for imports is among the

2019| Mathias Klein, Ludger Linnemann
Diskussionspapiere 1820 / 2019

Green Public Procurement and the Innovation Activities of Firms

This paper provides first empirical insights on the relationship between green public procurement (GPP) and firms' innovation activities. Considering that the public sector is a large buyer in the economy, public procurement is able to work as demand-pull factor for new products and thus innovations - given that the procurement is aimed at such objectives. GPP is specifically implemented to

2019| Vera Zipperer
Diskussionspapiere 1819 / 2019

Sozialverträglicher CO2-Preis: Vorschlag für einen Pro-Kopf-Bonus durch Krankenversicherungen

CO2-Abgaben bergen die Gefahr, einkommensschwächere Haushalte überdurchschnittlich zu belasten. Zur Abwehr solcher regressiven Verteilungswirkungen wird erwogen, einen Teil der Einnahmen durch einen Pro-Kopf-Bonus an die Bürger*innen zurückzugeben. Der vorliegende Beitrag entwickelt einen Vorschlag für einen in das deutsche Krankenversicherungssystem integrierten Bonus. Dazu werden zunächst die

2019| Roland Ismer, Manuel Haußner, Klaus Meßerschmidt, Karsten Neuhoff
Diskussionspapiere 1818 / 2019

CO2-Bepreisung im Wärme- und Verkehrssektor: Erweiterung des Emissionshandels löst aktuelles Klimaschutzproblem nicht

Gegenwärtig sind die verschiedenen Energieträger in Deutschland unterschiedlich stark mit Abgaben und Umlagen belastet. Um die energie- und klimapolitischen Ziele der Bundesregierung zu erreichen, müssen fossile Heiz- und Kraftstoffe stärker bepreist werden (Kemfert et al. 2019; Dertinger und Schill 2019, SRU 2019). Zugleich herrscht in der energiepolitischen Debatte Uneinigkeit über die die

2019| Claudia Kemfert, Sophie Schmalz, Nicole Wägner
Diskussionspapiere 1817 / 2019

Birth Cohort Size Variation and the Estimation of Class Size Effects

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 identify class size effects. We build a theoretical model in which cohort size is subject to random shocks and students whose performance falls below a

2019| Maximilian Bach, Stephan Sievert
Diskussionspapiere 1816 / 2019

Income Redistribution, Consumer Credit, and Keeping up with the Riches

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, who hold the economy’s capital stock, own the firms and supply credit, and workers, who supply labor and demand credit to finance consumption.

2019| Mathias Klein, Christopher Krause
Diskussionspapiere 1815 / 2019

Long Run Effects of Universal Childcare on Personality Traits

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 beyond short run analyses and examine the long run effects of one additional year of universal childcare on students’ personality traits in adolescence.

2019| Maximilian Bach, Josefine Koebe, Frauke H. Peter
1857 Ergebnisse, ab 21