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We employ a control function methodology, complemented by various identification strategies, to causally estimate the heterogeneous effects of broadband availability on firms’ total factor productivity (TFP) across 46 two-digit manufacturing and service industries in Germany from 2010 to 2015. Throughout this period, the availability of broadband, defined as access to transmission rates of at least ...
Die Rente muss dringend reformiert werden. Eine Sonderabgabe für Wohlhabende im Ruhestand löst viele Probleme. Ohne die Jüngeren weiter zu belasten. Die Alterung der Gesellschaft und der bevorstehende Ruhestand der Babyboomer-Generation sind kein Zukunftsszenario mehr – sie sind Realität und stellen schon heute eine akute sozialpolitische Herausforderung dar. Der demografische Wandel erschüttert die ...
This study examines the impact of Statutory Retirement Age (SRA) reforms on individual behavior and welfare in the presence of policy uncertainty and misinformation. We develop a structural life-cycle model in which individuals are uncertain about the future evolution of the SRA and misinformed about its importance. We derive individuals’ expectations and information on the SRA from self-elicited...
