This paper focuses on the identification of the causal relationship between central banks' supervisory guidance and individual bank stability. We propose and test the hypothesis that this causal relationship is mediated by the degree to which banks comply with their central bank's corporate governance recommendations. Specifically, we exploit the fact that there is considerable cross-country heterogeneity ...
We develop and implement a new measure for inequality aversion: two peers are endowed with identical binary lotteries and the only choice they make is whether they want to play out the lotteries independently or with perfect positive correlation (coupling). Coupling has no other effect than preventing outcome inequality. We implement the method in a survey in rural Thailand as well as a supplemental ...
Household indebtedness is rising worldwide. This study investigates one possible driver of this increase that is rooted in the theory of permanent income: high income expectations. We collect data from an emerging country, Thailand, as (over-) indebtedness in markets with incomplete financial infrastructure and social security can be devastating. Furthermore, our sample of rural households is exposed ...
The SOEPpapers are the chief platform for publishing research results based on SOEP data. As SOEP is a multidisciplinary panel, the SOEPpapers publishes work from all social scientific disciplines. SOEPpapers are published on a non-exclusive basis, thereby allowing authors to publish their articles elsewhere if they wish. SOEP encourages that all papers appear in other professional, institutional, ...
Incentives for industrial loads to provide demand response on day-ahead and reserve markets are affected both by network tariffs, as well as regulations on the provision of flexibility in different markets. This paper uses a numerical model of the chlor-alkali process with a storable intermediate good to investigate how these factors affect the provision of demand response in these markets. We also ...
Der Anteil von Frauen in den Vorständen der großen Unternehmen steigt – aber zu langsam. Gut, dass die Familienministerin jetzt eine gesetzliche Quote vorschlägt. Immer rund um den Weltfrauentag am 8. März überschlagen sich Medien, Politik und Wirtschaft mit Betrachtungen über die Gleichstellung von Frauen. Tatsächlich lässt sich konstatieren: Wir machen ...
This article examines heterogeneity in the effect of unemployment on social participation. Whereas existing studies on this relationship essentially estimate mean effects, we use quantile regression methods to provide a broader and more complete picture. To ac-count for the potential endogeneity of job loss, we estimate quantile treatment effects (on the treated) based on entropy balancing and focus ...
Die EZB hat heute angekündigt, angesichts der Corona-Ausbreitung ihr Kreditprogramm aufzustocken und zusätzliche Anleihenkäufe zu tätigen. Die Maßnahmen kommentiert DIW-Präsident Marcel Fratzscher wie folgt:
