The energy crisis following Russia’s invasion of Ukraine exposed the heightened vulnerability of low-income households to rising heating costs, particularly those in energy inefficient buildings. Using data from the German Socio-Economic Panel (SOEP), this study examines the distributional impact of heating costs across income deciles and evaluates the effectiveness of policy interventions. We find ...
Theory suggests that corporate and sovereign bonds are fundamentally different, also because sovereign debt has no bankruptcy mechanism and is hard to enforce. We show empirically that the two assets are more similar than you think, at least when it comes to high-yield bonds over the past 20 years. We use rich new data to compare high-yield US corporate (“junk”) bonds to high-yield emerging market ...
This paper employs a panel event study design to examine the causal effects of the 2013 flood disaster in East Germany on subjective well-being. We merge geo-spatial flood data with longitudinal data from the German Socio-Economic Panel (SOEP) to identify individuals in affected municipalities. Our results show that those affected by the flood report a significant life satisfaction drop of 0.17 points ...
DIW-Studie untersucht Gründe für die Energiesparanstrengungen der Haushalte in der Energiekrise 2022 – Tatsächliche Preissteigerungen haben nur zu Einsparungen von zwei Prozent geführt – Nichtmonetäre Gründe hatten kurzfristig einen rund viermal so hohen Anteil an der Verbrauchsreduktion Als im Jahr 2022 die Preise für Heizenergie drastisch stiegen und die Angst vor einer Gasmangellage kursierte, ...
Der englische Originaltitel des Seminars lautet: “Who Benefits from Place-based Policies? Evidence from Matched Employer-Employee Data”. Die Präsentation findet auf Englisch statt. Eine kurze Zusammenfassung zum Vortrag ist nur auf der englischen Veranstaltungsseite verfügbar!
This study explores the relationship between artificial intelligence (AI) and workers’ wellbeing and mental health using longitudinal survey data from Germany (2000-2020). We construct a measure of individual exposure to AI technology based on the occupation in which workers in our sample were first employed and explore an event study design and a difference-in-differences approach to compare AI...
