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Migration and Dynamics in Men’s and Women’s Domestic Work

International migration of couples is rising. Still, there is little evidence on men’s and women’s domestic work hours before and after migration. This is despite the fact that domestic work provides deep insights into family life and, for migrants, is directly linked to integration. Therefore, this study examines how immigrant men and women change their domestic work hours following migration, using ...

Die unterschätzte soziale Polarisierung

Die unterschätzte soziale Polarisierung

Unsere Gesellschaft könnte nach der Pandemie gespaltener sein als jemals zuvor in den vergangenen 70 Jahren. Die Regierung sollte alles daran setzten, dies zu verhindern. Mitten in der vierten Welle der Corona-Pandemie fokussiert sich die Debatte darauf, wie möglichst viele Menschen geimpft, die Pandemie möglichst schnell begrenzt und Unternehmen und Wirtschaft stabilisiert werden können. ...

The Dynamic Impact of FX Interventions on Financial Markets

Evidence on the effectiveness of foreign exchange (FX) interventions is either limited to short horizons or hampered by debatable identification. We address these limitations by identifying a structural vector autoregressive model for the daily frequency with an external instrument. Generally we find, for freely floating currencies, that FX intervention shocks significantly affect exchange rates and ...

Locus of Control and Investment in Training

We extend standard models of work-related training by explicitly incorporating workers’ locus of control into the investment decision through the returns they expect. Our model predicts that higher internal control results in increased take-up of general, but not specific, training. This prediction is empirically validated using data from the German Socioeconomic Panel (SOEP). We provide empirical ...

Face Mask Use and Physical Distancing before and after Mandatory Masking: No Evidence on Risk Compensation in Public Waiting Lines

During the COVID-19 pandemic, the introduction of mandatory face mask usage triggered a heated debate. A major point of controversy is whether community use of masks creates a false sense of security that would diminish physical distancing, counteracting any potential direct benefit from masking. We conducted a randomized field experiment in Berlin, Germany, to investigate how masks affect distancing ...

EZB kann expansive Geldpolitik nicht so schnell beenden wie die US-Notenbank Fed

Die Ergebnisse der heutigen Sitzung des Rates der Europäischen Zentralbank (EZB) kommentiert Marcel Fratzscher, Präsident des Deutschen Instituts für Wirtschaftsforschung (DIW Berlin), wie folgt:

Vorwortvideo zum digtalen Jahresrückblick 2021: DIW-Präsident Marcel Fratzscher

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

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

Personality Traits Across the Life Cycle: Disentangling Age, Period, and Cohort Effects

Economists increasingly recognise the importance of personality traits for socio-economic outcomes, but little is known about the stability of these traits over the life cycle. Existing empirical contributions typically focus on age patterns and disregard cohort and period influences. This paper contributes novel evidence for the separability of age, period, and cohort effects for a broad range of personality ...