Since the start of the century, particularly in urban centres, housing markets worldwide have experienced stark price and rent increases. As a consequence urban agglomerations have experienced strong changes in their neighbourhood composition with originally poorer, central areas gentrifying quickly. Governments have reacted by raising the topic of affordable housing on the...
This article establishes a new fact about educational production: ordinal academic rank during primary school has lasting impacts on secondary school achievement that are independent of underlying ability. Using data on the universe of English school students, we exploit naturally occurring differences in achievement distributions across primary school classes to estimate the impact of class rank. ...
We estimate the dynamic effects of government spending shocks, using time-varying volatility in US data modeled through a Markov switching process. We find that the average government spending multiplier is significantly and persistently above one, driven by a crowding-in of private consumption and non-residential investment. We rationalize the results empirically through a contemporaneously countercyclical ...
Dieser Text erschien am 6.1.2021 als Gastbeitrag im SPIEGEL. Die EU hat bei der Planung der Impfkampagne einiges richtig gemacht – und einen entscheidenden, leider aber fast zwangsläufigen Fehler. Dessen Wurzeln liegen tief: in einer völlig verqueren öffentlichen Fehlerkultur. Die hochemotionale Debatte über die schleppende Verteilung von Impfstoffen richtet nachhaltigen Schaden ...
The research group is concerned with time policy as one element of social policy. Time policy allows individuals and households to cope with time conflicts during critical phases in their employment biographies. Time policy includes measures and benefits that enable employees to use their time resources according to their preferences, irrespective of their income. We identify critical phases in...
