Die wissensintensiven unternehmensnahen Dienstleistungen, die rund 8,5 Prozent zur der nominalen Wertschöpfung beitragen, sind in Deutschland der viertgrößte Wirtschaftszweig der gewerblichen Wirtschaft. Zudem gehören sie zu den Branchen mit den höchsten Beschäftigungszuwächsen. Die Arbeitsproduktivität in diesem Bereich ist zwischen 1995 und 2014 jedoch um über 40 Prozent gesunken. Erst danach erholt ...
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 ...
This paper estimates the effect of home high-speed internet on national test scores of students at age 14. We combine comprehensive information on the telecom network, administrative student records, house prices and local amenities in England in a fuzzy spatial regression discontinuity design across invisible telephone exchange catchment areas. Using this strategy, we find that increasing broadband ...
The review of the market stability reserve (MSR) is one of the key elements of the forthcoming reform of the EU ETS. This report assesses if the MSR is designed in a way that it can fulfil its pur-pose to provide sufficient supply-side flexibility under the cap. The authors discuss different op-tions for adapting and complementing the MSR parameters, such as the intake rate and thresholds for interventions, ...
