We propose an extension of the standard occupational choice model to analyze the life satisfaction of senior entrepreneurs as compared to paid employees and particularly retirees in Germany. The analysis identifies income and health status as main factors that shape the relationship between occupational status and life satisfaction. Senior entrepreneurs enjoy higher levels of life satisfaction than ...
Exploiting the age-at-enrollment policies in 16 German states as exogenous source of variation, I examine whether the schooling of the oldest child in a migrant household affects parents’ integration. My analysis links administrative records on primary school enrollment cutoff dates with micro data from the German Socioeconomic Panel (GSOEP). Using a regression discontinuity design around the school ...
Kaum wurde der Regelsatz für das Bürgergeld erhöht, gab es die erwartbaren Reaktionen: Der Lohnabstand sei nicht mehr gewahrt, es werde zu wenig sanktioniert und überhaupt gäbe es zu wenig Mitwirkungspflichten. Auch die Forderung, Empfänger von Bürgergeld zu gemeinnütziger Arbeit zu verpflichten, ließ nicht lange auf sich warten. Wie sich solche lautstark vorgetragenen Forderungen in der Realität ...
We present an economics framework appropriate to the exceptionally broad scope of the climate change problem. This considers that economic and social processes, particularly those involved in purposive transitions of energy technologies and systems, involve the interplay between three distinct domains of decision-making and associated actors. The first concerns small-scale and often short-term decision-making, ...
The course provides participants with the tools to develop and analyze business cycle models with heterogenous agents. This class of models has become the new standard in the business cycle literature and allows to analyze the interaction of the business cycle and the distribution of consumption, income, and wealth. The focus of the course is on numerical methods. Coding exercises in class are an...
Objectives Students will study models of transitions and durations, and learn how to estimate these using realworld data. Outline This course is an introduction to modelling transitions into a state of interest (such as the transition into employment from unemployment) and durations (such as unemployment, survival of patients after medical treatment or firms after a financial crash). We...
The course in a tweet. This is an advanced course on electricity markets: forward, spot, balancing and retail. It is a course at the intersection of energy, economics and finance that focuses on public policy and regulation: how should power markets be designed with security of supply and social welfare in mind? The significance of electricity markets & trading. Electricity markets and the...
This course aims to bring participants to the research frontier on how to estimate the causal effects of macroeconomic shocks, with a particular focus on monetary and fiscal policy. We will discuss how to: plausibly identify those shocks; best estimate their causal effects in finite samples; and finally use those shock causal effects for macroeconomic policy evaluation. The analysis throughout...
