Suche

Die Wirtschaft fährt Achterbahn

Wir müssen uns auf ein sehr schwieriges Jahr 2022 einstellen. Das größte Risiko ist und bleibt die Pandemie. Selten in den vergangenen Jahrzehnten haben wir auf ein neues Jahr mit so viel Unsicherheit, Sorge und auch Angst geschaut wie heute. Wir befinden uns mitten in der vierten Welle der Coronapandemie, und niemand weiß, ob sie im neuen Jahr endlich nachhaltig oder wieder ...

Was unsere Gesellschaft jetzt stark macht

Ob Gesundheitsschutz, Wirtschaftshilfen und Sicherung der Grundrechte: Deutschland meistert die Corona-Krise weitaus besser als andere Länder. Das ist nicht nur Glück. Die Kritik am öffentlichen Management der Corona-Pandemie grenzt immer häufiger an Hysterie. Der Vorwurf, fast alle verantwortlichen Politikerinnen und Politiker hätten auf ganzer Linie versagt, scheint ...

The EU Sustainable Finance Taxonomy and Its Contribution to Climate Neutrality

The EU Taxonomy is the first standardised and comprehensive classification system for sustainable economic activities. It covers activities responsible for up to 80% of EU greenhouse gas emissions and may play an important role in channelling investments into low-carbon technologies by helping investors to make informed decisions. However, especially in transition sectors much depends on the stringency ...

Financial Literacy and Intra-household Decision Making: Evidence from Rwanda

Research has consistently shown that women’s involvement in household decision making positively affects household outcomes such as nutrition and education of children. Is financial literacy a determinant for women to participate in intra-household decision making? Using data on savings groups in Rwanda, we examine this relationship and show that women with higher financial literacy are more involved ...

Migration and Dynamics in Men’s and Women’s Domestic Work

International migration of couples is rising. Still, there is little evidence on men’s and women’s domestic work hours before and after migration. This is despite the fact that domestic work provides deep insights into family life and, for migrants, is directly linked to integration. Therefore, this study examines how immigrant men and women change their domestic work hours following migration, using ...

Die unterschätzte soziale Polarisierung

Die unterschätzte soziale Polarisierung

Unsere Gesellschaft könnte nach der Pandemie gespaltener sein als jemals zuvor in den vergangenen 70 Jahren. Die Regierung sollte alles daran setzten, dies zu verhindern. Mitten in der vierten Welle der Corona-Pandemie fokussiert sich die Debatte darauf, wie möglichst viele Menschen geimpft, die Pandemie möglichst schnell begrenzt und Unternehmen und Wirtschaft stabilisiert werden können. ...

The Dynamic Impact of FX Interventions on Financial Markets

Evidence on the effectiveness of foreign exchange (FX) interventions is either limited to short horizons or hampered by debatable identification. We address these limitations by identifying a structural vector autoregressive model for the daily frequency with an external instrument. Generally we find, for freely floating currencies, that FX intervention shocks significantly affect exchange rates and ...

Locus of Control and Investment in Training

We extend standard models of work-related training by explicitly incorporating workers’ locus of control into the investment decision through the returns they expect. Our model predicts that higher internal control results in increased take-up of general, but not specific, training. This prediction is empirically validated using data from the German Socioeconomic Panel (SOEP). We provide empirical ...

Face Mask Use and Physical Distancing before and after Mandatory Masking: No Evidence on Risk Compensation in Public Waiting Lines

During the COVID-19 pandemic, the introduction of mandatory face mask usage triggered a heated debate. A major point of controversy is whether community use of masks creates a false sense of security that would diminish physical distancing, counteracting any potential direct benefit from masking. We conducted a randomized field experiment in Berlin, Germany, to investigate how masks affect distancing ...