This paper investigates the long-run consequences of a later school entry for personality traits. For identification, we exploit the statutory cutoff rules for school enrollment in Germany within a regression discontinuity design. We find that relatively older school starters have persistently lower levels of neuroticism in adulthood. This effect is entirely driven by women, which has important...
Populist parties use narratives about social injustice to portray climate policy as elite-driven and socially unjust. This study— based on a survey experiment with some 1,600 participants— examines how three common narratives about the costs associated with climate policy affect populist and climate-populist attitudes. The results show that the narrative highlighting the disproportionate burden on ...
I study the transmission mechanism of Quantitative Easing (QE) in the form of large-scale asset purchases in the mortgage market to aggregate consumption. To this end, I develop a New Keynesian model that features heterogeneous households, a microfounded housing market, and frictional intermediation. This model helps explain the empirical evidence suggesting that QE increases aggregate consumption ...
