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Navigating Uncertainty: Do Communicable Diseases Influence Risk Preferences?

This paper explores the effect of COVID-19 infection rates on individuals’ risk preferences using the Socio-Economic Panel (SOEP), a large population-wide ran¬dom sample. Exploiting county-level variation in a difference-in-differences design, we find that risk preferences remain unchanged: the effect is precisely estimated at 2.1% of a standard deviation (95% CI: [−0.4%, +4.6%]), ruling out economically ...

Fundamentally Reforming the DI System: Evidence from Germany

In 2001, Germany abolished public occupational disability insurance (ODI)—the second tier of its public DI system—for cohorts born after 1960. Using administrative data, we first document that, in the long run, overall DI inflows declined by roughly one-third. Second, using representative survey data, we document at best modest ODI insurance take-up responses in the private individual, risk-rated market, ...

DIW Energy Transition Monitor: Large-Scale Batteries Make a Leap Forward, While Renewables and Electric Mobility Are Progressing Too Slowly

Industrial Relations and Working from Home in Germany during the COVID-19 Pandemic

We investigate the role of industrial relations for working from home during and after the COVID-19 pandemic in Germany. Using data from the German Socio-Economic Panel (SOEP) for the years 2020 to 2023 and a special COVID sample (SOEP-CoV) for 2020 and 2021, we examine how collective bargaining and plant-level co-determination are associated with the incidence and frequency of working from home. Controlling ...

Das getarnte Freiheitsversprechen der Tech-Milliardäre

Der Paläolibertarismus der amerikanischen Tech-Elite macht sich auch in Europa breit. Er schwächt den Staat und nur ein scheinbares Ideal: Freiheit für alle. Es gibt Jahrestage, die mehr sind als Erinnerung. Sie mahnen zur Bilanz. Der 250. Geburtstag der Vereinigten Staaten am 4. Juli ist ein solcher Moment. Wenn sich für viele Menschen in Europa und dem Rest der Welt der Blick auf die USA in den vergangenen ...

Das getarnte Freiheitsversprechen der Tech-Milliardäre

Resilience of R&D of Multinational Companies: Insights of Two Crises

This study investigates the R&D behavior of the world’s top R&D investors during the Great Financial Crisis and the COVID-19 crisis. Focusing on the resilience of corporate R&D activities, we explore two dimensions: stability and adaptability. Using two large datasets on the world’s leading R&D-investing companies covering the periods 2004–2010 and 2015–2021, thus including both crises, our analysis ...

Unequal Returns: Gendered and Origin-Based Disparities in Initial Refugee Employment Trajectories in Germany

This article examines origin- and gender-based disparities in labourmarket integration of refugees in Germany, comparing Ukrainian refugees with refugees from the Middle East and North Africa (MENA). Using longitudinal data from the IAB-BAMF-SOEP Refugee Survey and the IAB-BiB/FReDA-BAMF-SOEP Ukrainian Refugee Survey, we trace labour-force participation (LFP) and employment rates during the first three ...

Der Gender Pay Gap im Detail: Branchen, Einflussfaktoren und Wege zur Chancengleichheit

Forschungsfrage: Der Gender Pay Gap lag in Deutschland 2025 bei 16 Prozent. Beleuchtet werden regionale, sektorale sowie alters- und bildungsbezogene Unterschiede. Methodik: Auf Basis von Daten des Statistischen Bundesamtes und empirischer Forschung wird die ungleiche Aufteilung der unbezahlten Sorgearbeit zwischen Frauen und Männern sowie der damit einhergehende hohe Anteil der teilzeitbeschäftigten ...

An Underestimated Policy Lever: The ECB’s Collateral Policy Supports Financial Markets and Reduces Uncertainty

A central bank’s collateral policy determines which assets banks may use as collateral for refinancing operations. Thus, it is a critical tool for providing the banking system with liquidity while simultaneously stabilizing it. Using a high-frequency identification approach, this study examines how the European Central Bank’s collateral policy influences banks, financial markets, and government bond ...