1857 Ergebnisse, ab 41
Diskussionspapiere 1814 / 2019

Macroprudential Regulation and Leakage to the Shadow Banking Sector

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 shadow banks, may not fall under their jurisdiction. We study the effects of tightening commercial bank regulation on the shadow banking sector. For this

2019| Stefan Gebauer, Falk Mazelis
Diskussionspapiere 1813 / 2019

Do Energy Efficiency Networks Save Energy? Evidence from German Plant-Level Data

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 goals. Energy efficiency networks exist in several countries, such as Germany, Sweden and China. Existing evaluations of such voluntary regional

2019| Jan Stede
Diskussionspapiere 1812 / 2019

The Impact of Population, Affluence, Technology, and Urbanization on CO2 Emissions across Income Groups

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 robustly show an inverted N-shaped relationship between urbanization and CO2 emissions in the long-term associated with the ecological modernization

2019| Lars Sorge, Anne Neumann
Diskussionspapiere 1811 / 2019

Nuclear Power, Democracy, Development, and Nuclear Warheads: Determinants for Introducing Nuclear Power

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 and its political importance, as well as the current tendency of about 30 countries to “go nuclear”, this question is both of historic and current

2019| Lars Sorge, Anne Neumann, Christian von Hirschhausen, Ben Wealer
Diskussionspapiere 1810 / 2019

Gender Quotas in the Boardroom: New Evidence from Germany

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 of the affected supervisory boards and unaffected management boards within the same firm. We find a positive effect on the female share on supervisory

2019| Alexandra Fedorets, Anna Gibert, Norma Burow
Diskussionspapiere 1809 / 2019

Time to Care? The Effects of Retirement on Informal Care Provision

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 regression discontinuity design. We exploit early retirement thresholds for women in the German pension system as instruments for their retirement decision. We

2019| Björn Fischer, Kai-Uwe Müller
Diskussionspapiere 1808 / 2019

Understanding Day Care Enrolment Gaps

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 enrolment gaps. Using a unique data set that records both actual and preferred day care usage, we demonstrate that differences in demand cannot fully

2019| Jonas Jessen, Sophia Schmitz, Sevrin Waights
Diskussionspapiere 1807 / 2019

Environmental Policy and Firm Selection in the Open Economy

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 through reallocation of labour towards exporting firms. Domestic aggregate emissions fall, due to both a scale and a technique effect, but we show that

2019| Udo Kreickemeier, Philipp M. Richter
Diskussionspapiere 1806 / 2019

Monetary Policy and Household Deleveraging

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 economic activity during periods of household deleveraging. In contrast, monetary policy shocks only have insignificant effects during a household

2019| Martin Harding, Mathias Klein
Diskussionspapiere 1805 / 2019

Does the German Minimum Wage Help Low Income Households? Evidence from Observed Outcomes and the Simulation of Potential Effects

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. Caliendo et al., 2017), or is based on ex-ante simulations (e.g. Müller and Steiner, 2013). This paper provides systematic descriptive ex-post evidence on

2019| Teresa Backhaus, Kai-Uwe Müller
Diskussionspapiere 1804 / 2019

The War in Europe: Economic Costs of the Ukrainian Conflict

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 1995-2017, this paper quantifies the short-term causal effects of the Donbass war on Ukraine's GDP. Results from the counterfactual estimation by the

2019| Julia Bluszcz, Marica Valente
Diskussionspapiere 1803 / 2019

Battling Antibiotic Resistance: Can Machine Learning Improve Prescribing?

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 Denmark to train a machine learning algorithm predicting bacterial causes of urinary tract infections. Based on predictions, we develop policies to

2019| Michael A. Ribers, Hannes Ullrich
Diskussionspapiere 1802 / 2019

Increased Instruction Time and Stress-Related Health Problems among School Children

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 increased weekly instruction time and study its effects on stress-related outpatient diagnoses from the universe of health claims data of the German Social

2019| Jan Marcus, Simon Reif, Amelie Wuppermann, Amélie Rouche
Diskussionspapiere 1801 / 2019

Strategic Environmental Policy and the Mobility of Firms

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 under imperfect competition and mobile polluting firms. In our general equilibrium setup with trade, wage effects prevent all firms from locating in

2019| Philipp M. Richter, Marco Runkel, Robert C. Schmidt
Diskussionspapiere 1800 / 2019

EU Merger Policy Predictability Using Random Forests

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 the highly flexible, non-parametric random forest algorithm to predict DG Comp’s assessment of competitive concerns in markets affected by a merger, I

2019| Pauline Affeldt
Diskussionspapiere 1799 / 2019

Gender Identity and Wives' Labor Market Outcomes in West and East Germany between 1984 and 2016

We exploit the natural experiment of German reunification in 1990 to investigate if the institutional regimes of the formerly socialist (rather gender-equal) East Germany and the capitalist (rather gender-traditional) West Germany shaped different gender identity prescriptions of family breadwinning. We use data for three periods between 1984 and 2016 from the representative German Socio-Economic

2019| Maximilian Sprengholz, Anna Wieber, Elke Holst
Diskussionspapiere 1798 / 2019

Eine Netzwerkanalyse von Ökonomen und Wissenschaftlern anderer Disziplinen auf Basis eines Surveys unter Abgeordneten und Ministerialbeamten

Offen ausgetragenen Lagerdebatten zwischen Ökonomen sind in Deutschland eher selten. Was hingegen öfters in Diskussionen oder in der Berichterstattung über Ökonomen mitschwingt, ist eine Zuordnung in weltanschauliche Lager, etwa nach Schemata wie arbeitgeber-arbeitnehmernah oder auch gelegentlich links-wirtschaftsliberal. Da diese Zuordnung für die nicht an der Spitze der öffentlichen Bekanntheit

2019| Wolfgang Schwarzbauer, Tobias Thomas, Gert G. Wagner
Diskussionspapiere 1797 / 2019

25 Years of European Merger Control

We study the evolution of the EC’s merger decision procedure over the first 25 years of European competition policy. Using a novel dataset constructed at the level of the relevant markets and containing all merger cases over the 1990-2014 period, we evaluate how consistently arguments related to structural market parameters were applied over time. Using non-parametric machine learning techniques,

2019| Pauline Affeldt, Tomaso Duso, Florian Szücs
Diskussionspapiere 1796 / 2019

Bayesian Structural VAR Models: A New Approach for Prior Beliefs on Impulse Responses

Structural VAR models are frequently identified using sign restrictions on contemporaneous impulse responses. We develop a methodology that can handle a set of prior distributions that is much larger than the one currently allowed for by traditional methods. We then develop an importance sampler that explores the posterior distribution just as conveniently as with traditional approaches. This

2019| Martin Bruns, Michele Piffer
Diskussionspapiere 1795 / 2019

Fighting Climate Change with Disclosure? The Real Effects of Mandatory Greenhouse Gas Emission Disclosure

We examine whether mandatory disclosure of greenhouse gas (GHG) emissions influences companies’ GHG emission levels. We identify the disclosure effect by exploiting a mandate requiring UK-incorporated listed companies to disclose information on GHG emissions in their annual reports. Using a difference-in-differences design, we show that disclosing GHG emissions in annual reports reduces emission

2019| Benedikt Downar, Jürgen Ernstberger, Hannes Rettenbacher, Sebastian Schwenen, Aleksandar Zaklan
1857 Ergebnisse, ab 41