This empirical investigation into life satisfaction, using nationally representative German panel data, finds a substantial association with an individual’s thoughts about the future, whether they are optimistic or pessimistic about it. Furthermore, including individuals’ optimism and pessimism about the future substantially increases the explanatory power of standard life satisfaction models. The ...
We estimate the causal effect of maternal education on the mental health of mother’s children in late adolescence and adulthood. Theoretical considerations are ambiguous about a causal effect of maternal education on children’s mental health. To identify the causal effect of maternal education, we exploit exogenous variation in maternal years of schooling, caused by a compulsory schooling law reform ...
We show that the disposition to focus on favorable or unfavorable outcomes of risky situations affects willingness to take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is strongly associated with optimism, a stable facet of personality, and that it predicts real-life risk taking. The general risk question captures this disposition ...
Using electricity for heating can contribute to decarbonization and provide flexibility to integrate variable renewable energy. We analyze the case of electric storage heaters in German 2030 scenarios with an open-source electricity sector model. Making customary night-time storage heaters temporally more flexible offers only moderate benefits because renewable availability during daytime is limited ...
Europa ist auf dem besten Wege, sich selbst durch die gescheiterten Brexit-Verhandlungen einen immensen Schaden für Jahrzehnte zuzufügen. Es ist Zeit für ein ehrliches Eingeständnis, dass die Verhandlungen für die Übergangsphase nicht mehr zu retten sind. Und es ist an der Zeit, dass die EU – mit starker Unterstützung der Bundesregierung – eine grundlegende ...
Sozioökonomischer Hintergrund Sozioökonomischer Hintergrund
Since 1998, public firms have had to adapt to a market environment that is verydifferent from the post-war era in Europe. The liberalisation of services of generaleconomic interest across Europe led to competition between public and privateproviders, while new technologies require infrastructure investment and innovativesolutions. In addition, urbanisation and population ageing pose new challenges ...
