This paper examines how culture determines within-couple gender inequality. Exploiting the setting of Germany's division and reunification, I compare child penalties of couples socialised in a more gender-egalitarian culture to those in a gender-traditional culture. The long-run penalty on the female income share is 30.9% in West German couples, compared to 18.3% in East German...
Understanding the distributional impacts of market-based climate policies is crucial to design economically efficient climate change mitigation policies that are socially acceptable and avoid adverse impacts on the poor. Empirical studies that examine the distributional impacts of carbon pricing and fossil fuel subsidy reforms in different countries arrive at ambiguous results. To systematically determine ...
The Paris Agreement calls on countries to pursue efforts to limit global average temperature rise to 1.5°C. We derive a 2016–2050 emission budget for the EU Emissions Trading System (EU ETS) based on cost-effectiveness criteria aimed at achieving the 1.5°C target with a 50%–66% probability, and translate it into a cap reduction path. We show that, under current ETS parameters, the vast majority of ...
We study the impact of different regulatory designs on the cost efficiency of operators providing a public service, exploiting data from the French transport industry. The distinctive feature of the study is that it considers regulatory regimes as endogenously determined choices, explained by economic, political, and institutional variables. Our approach leans on a positive analysis to study the determinants ...
Die deutsche Wirtschaft wird von der Corona-Pandemie erneut ausgebremst: Nachdem sich die Produktion im Sommer unerwartet stark erholt und weite Teile der Einbußen aus dem Frühjahr wettgemacht wurden, folgt nun ein Rückschlag: Die zweite Infektionswelle hat das gesellschaftliche und wirtschaftliche Leben wieder stark eingeschränkt. Im Schlussquartal dieses Jahres wird die deutsche Wirtschaft daher ...
