The study of poverty is at the heart of economics, and the goal of overcoming it drives the efforts of policy-makers worldwide. Meeting such goals requires confidence (a) in the tools we have to measure poverty, and (b) in our understanding of the determinants of poverty. Here, we focus on the role of household composition in the measurement and analysis of poverty. After presenting some core concepts, ...
The Routine-Biased Technological Change hypothesis (RBTC) by Autor et al. (2023) suggests that automation processes have substituted workers operating middle-skilled routine tasks. As a result, the relative demand for complementary workers operating non-routine tasks has increased. These changes in the labor force composition imply job polarization, characterized by a growing proportion of both high- ...
How does economic growth affect the distribution of wealth? Combining wealth records from the Socio-Economic Panel (SOEP) and local GDP growth across 401 German counties, this paper documents a sizable Hometown-Growth-Wealth Nexus. Using a standard OLG model to guide our estimation strategy, we nd that, because of hometown growth, a person born in flourishing Munich will have accumulated two to three ...
Understanding how consumers respond to turbulent market conditions is crucial for planning security of natural gas supply. This paper estimates the price elasticity of demand of small consumers in Germany in the period with both high price fluctuations and a fear of natural gas shortage in the aftermath of the Russian invasion of Ukraine. Using granular data between 2018 and 2023, we estimate an Auto ...
Die digitale Transformation verändert wirtschaftliche Abläufe auf tiefgreifende Art und Weise. Online-Plattformen bieten eine beispiellose Vielfalt an Produkten und Dienstleistungen an, während technologische Innovationen wie künstliche Intelligenz rasch entwickelt und in vielen Anwendungsbereichen eingesetzt werden. Gleichzeitig birgt der rasante Aufstieg digitaler Technologien zahlreiche Herausforderungen ...
