Do memories of highly emotional stock market crashes permanently affect the investment decisions of households? The Initial Public Offerings of Deutsche Telekom during 1996- 2000 provide an optimal base to address this question, as it is known for its emotional character and is reputedly “the last time Germans invested in stocks.” Using Socio-Economic Panel (SOEP) household survey data, I show that ...
The pharmaceutical industry makes a significant contribution to global health and economic welfare through the development and production of innovative medical treatments. This dissertation consists of four essays which advance our understanding of the pharmaceutical industry and how to effectively regulate this sector. Each chapter aims to provide new insights, which are relevant for policymakers, ...
Amid concerns of long-term economic consequences of divorce, cross-sectional research illustrated that ever-divorce men but particularly women hold less per capita wealth than continuously married spouses in older age. Using a longitudinal approach and unique personal-level wealth data from the German Socio-Economic Panel Study, the present study aims to understand how divorce stratifies men’s and ...
The income gradient in political participation is a widely accepted stylized fact. This article asks how income effects on political involvement unfold over time. Using nine panel datasets from six countries, it analyzes whether income changes have short-term effects on political involvement, whether effects vary across the life-cycle, and whether parental income has an independent influence. Irrespective ...
Climate change and biodiversity loss trigger policies worldwide, many of which target or impact local communities. Although research, international development, and policy implementation (and, thus, success in fighting both threats) require thoughtful consideration and communication of the underlying concepts, field work encounters a cascade of tangible barriers. Technoscientific representations of ...
Die Angst vor Geldentwertung und Enteignung wird gerade in Deutschland immer wieder beschworen. Eine Gegenrede. In Deutschland geht erneut die Angst vor der Inflation um. Seit Jahrzehnten ist es der Lieblingssport einiger in Politik und Wirtschaft, Angst vor dem Gespenst der Geldentwertung zu machen, die Menschen enteignet und die Wirtschaft schädigt. Die Europäische Zentralbank (EZB) müsse ...
