Cost of renewable energies have dropped, approaching wholesale power price levels. As a result, the role of renewable energy policy design is shifting – from covering incremental costs towards facilitating risk-hedging. An analytical model of the financing structure of renewable investment projects is developed to assess this effect und used to compare different policy design choices: contracts for ...
Die Mehrheit der Deutschen kann in der Krise nicht sparen und 40 Prozent konnten es schon vorher nicht: Die Politik muss handeln, sonst zerbricht der Sozialstaat. 60 Prozent der Deutschen können in dieser Krise nicht sparen – so die erstaunliche Zahl, die diese Woche viel Aufmerksamkeit erregt hat. Dabei ist dieser Befund gar nicht überraschend, haben doch fast 40 Prozent der ...
Using the 2015 introduction of a statutory minimum wage in Germany as a quasi-experiment, I investigate the effects of wage increases on personality. The degree to which each worker’s wage is intended to be affected by the reform is used as an instrument for the relative increase in the worker’s hourly wage in a two-stage least squares estimation based on nationally representative panel data (N = 1,955 ...
