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Construction volume forecast: End of the new housing sector boom

Construction industry continues very positive development – more room for modernization and renovation of existing buildings – construction prices rise sharply The construction sector cycle will continue its upward course in the next two years according to the forecast of the German Institute for Economic Research (DIW Berlin), which makes its annual prognosis of construction volume on ...

Kein Roboter kann die Altenpflegerin ersetzen

Dieser Beitrag ist am 12. Januar in der ZEIT ONLINE–Kolumne „Fratzschers Verteilungsfragen“ erschienen. Technologischer Wandel und Digitalisierung stellen unsere Gesellschaft vor gewaltige Herausforderungen: Das erkennen Union und SPD an, die diese Woche eine große Koalition sondieren. Doch welche Folgen diese Umwälzungen haben werden und wie Gesellschaften damit umgehen, ...

Hurricanes, nightlights and the elusive comparative advantage of offshore finance

A number of small offshore jurisdictions exhibit disproportionally large international capital positions. According to governments of these jurisdictions, such positions are (a) the result of a comparative advantage in providing financial services internationally and (b) improve welfare in these jurisdictions. I use the natural experiment of re-occuring hurricanes to test if (a) the capital...

Entrepreneurial Success and Subjective Well-Being: Worries about the Business Explain One's Well-Being Loss from Self-Employment

Despite lower incomes the self-employed often report higher job satisfaction. But this increased job satisfaction only sometimes translates into higher life satisfaction, likely due to the heterogeneous nature of self-employment. By distinguishingdifferent types of self-employment, this paper sheds light onto why some self-employeds even report lower life satisfaction, focussing specifically on poor ...

Commuting and Sickness Absence

We investigate the causal effect of commuting on sickness absence from work using German panel data. To address reverse causation, we use changes in commuting distance for employees who stay with the same employer and who have the same residence during the period of observation. In contrast to previous papers, we do not observe that commuting distances are associated with higher sickness absence, in ...

Schafft das Ehegattensplitting endlich ab

Im Jahr 2017 lief es gut für die deutsche Wirtschaft, aber bei der Beschäftigung ist das Ende der Fahnenstange in Sicht

Die vom Statistischen Bundesamt veröffentlichte vorläufige Wachstumszahl für das Bruttoinlandsprodukt in Deutschland im Jahr 2017 kommentiert Ferdinand Fichtner, Leiter der Abteilung Konjunkturpolitik am DIW Berlin, wie folgt: 

Project-Based Carbon Contracts: A Way to Finance Innovative Low-Carbon Investments

Low and uncertain carbon prices are often stated as a major obstacle for industrial sector investments in technologies to deliver deep emissions reductions. Project-based carbon contracts underwritten by national governments could addressregulatory risk, lower financing costs and strengthen incentives for emission reductions at investment and operation stage. In this paper design options for project-based ...

Insurance, Redistribution, and the Inequality of Lifetime Income

In this paper, we study how the tax-and-transfer system reduces the inequality of lifetime income by redistributing lifetime earnings between individuals with different skill endowments and by providing individuals with insurance against lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and-transfer system offsets around half of the inequality ...

SOEP People: Ein Gespräch mit Stefan Liebig

"In den vergangenen Wochen habe ich mit vielen Leuten hier im SOEP gesprochen. Und was ich wirklich toll fand, waren die vielen Ideen, die hier durch die Gänge und Zimmer fliegen. Daran weiter zu arbeiten, finde ich spannend“, sagt Stefan Liebig, der seit dem 1. Januar 2018 der neue Direktor des SOEP und Vorstandsmitglied im DIW Berlin ist. Der Soziologe forscht seit vielen Jahren u.a....