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Referierte Aufsätze Web of Science
We assess the properties of currency value strategies based on real exchange rates. We find that real exchange rates have predictive power for the cross-section of currency excess returns. However, adjusting real exchange rates for key country-specific fundamentals (productivity, the quality of export goods, net foreign assets, and output gaps) better isolates information related to the currency risk ...
In:
The Review of Financial Studies
30 (2017), 2, S. 416-441
| Lukas Menkhoff, Lucio Sarno, Maik Schmeling, Andreas Schrimpf
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Referierte Aufsätze Web of Science
This paper estimates sibling correlations in cognitive and non-cognitive skills to evaluate the importance of family background for skill formation. Based on a large representative German dataset including IQ test scores and measures of non-cognitive skills, a restricted maximum likelihood model indicates a strong relationship between family background and skill formation. Sibling correlations in non-cognitive ...
In:
Journal of Population Economics
30 (2017), 2, S. 591-620
| Silke Anger, Daniel D. Schnitzlein
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Referierte Aufsätze Web of Science
Fundamental changes to security policy in European democracies raise the question of the acceptance of new security measures. This paper aims to explain why new measures are accepted (or not). It combines three core elements that are typically analysed separately in the literature: individual attitudes (especially trust), social context and cost/benefit balancing. Comparing Germany and the UK, the ...
In:
German Politics
26 (2017), 2, S. 292-313
| Mathias Bug, Sebastian Bukow
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Referierte Aufsätze Web of Science
This paper provides new evidence on the long- and medium-term impact of extreme weather events on education. Our focus is on Mongolia, where two extremely severe winters caused mass livestock mortality. We use household panel data with information on households' pre-shock location, combined with historic district-level livestock census data and climate data. Our econometric strategy exploits exogenous ...
In:
Journal of Population Economics
30 (2017), 2, S. 433-472
| Valeria Groppo, Kati Krähnert
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Referierte Aufsätze Web of Science
Individual willingness to enter competitive environments predicts career choices and labor market outcomes. Meanwhile, many people experience competitive contexts as stressful. We use two laboratory experiments to investigate whether factors related to stress can help explain individual differences in tournament entry. Experiment 1 studies whether stress responses (measured as salivary cortisol) to ...
In:
Experimental Economics
20 (2017), 2, S. 506-530
| Thomas Buser, Anna Dreber, Johanna Mollerstrom
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Referierte Aufsätze Web of Science
Spatial heterogeneity and spatial dependence are two well established aspects of house price developments. However, the analysis of differences in spatial dependence across time and space has not gained much attention yet. This paper jointly analyses these three aspects of spatial data. A panel smooth transition regression model is applied that allows for heterogeneity across time and space in spatial ...
In:
Urban Studies
54 (2017), 2, S. 466-481
| Katharina Pijnenburg
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Referierte Aufsätze Web of Science
In this article, the influence of immigrant occupational composition on the earnings of immigrants and natives in Germany is examined. Using data from the German Socio-Economic Panel Study and the German Microcensus, several relevant concepts are tested. The notion of quality sorting states that the differences in wages that are associated with the immigrant share within occupations are due only to ...
In:
International Migration Review
51 (2017), 2, S. 475-505
| Boris Heizmann, Anne Busch-Heizmann, Elke Holst
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Referierte Aufsätze Web of Science
Although trust is fundamental to social and organizational functioning, the media often portray managers as distrusting, suggesting that distrust of others is a typical personality variable of successful leaders. This study puts the cliché of the distrustful manager to the test. Both self-report data (N = 32,926) and behavioral data (N = 924) from the German Socio-Economic Panel refute this cliché. ...
In:
European Management Journal
35 (2017), 2, S. 164-173
| Sabine Hommelhoff, David Richter
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Referierte Aufsätze Web of Science
In Zeiten wachsender Publikationszahlen und zunehmend datenintensiver Forschung stoßen die klassischen Qualitätssicherungsmaßnahmen, wie die Peer-Review, an ihre Grenzen. Vor diesem Hintergrund werden Replikationsstudien verstärkt als gute wissenschaftliche Praxis und Lösungsansatz diskutiert, um dem Problem methodisch unzureichender und oftmals fehlerbehafteter Analysen zu begegnen. Denn schlechte ...
In:
Information, Wissenschaft & Praxis
68 (2017), 2, S. 154-158
| Benedikt Fecher, Mathis Fräßdorf, Marcel Hebing, Gert G. Wagner
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Referierte Aufsätze Web of Science
(G)ARCH-type models are frequently used for the dynamic modelling and forecasting of risk attached to speculative asset returns. While the symmetric and conditionally Gaussian GARCH model has been generalized in a manifold of directions, model innovations are mostly presumed to stem from an underlying IID distribution. For a cross section of 18 stock market indices, we notice that (threshold) (T)GARCH-implied ...
In:
Quantitative Finance
17 (2017), 1, S. 121-137
| Benjamin Beckers, Helmut Herwartz, Moritz Seidel