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Why Is TFP Growth Sectorally Concentrated?

Research shows that total factor productivity (TFP) growth is weak in European countries. This is inter alia attributed to the fact that substantial TFP growth is limited to a few industries. Because TFP growth is typically understood as technological progress, it is concluded that technology diffusion between sectors in Europe is hampered. We use EU KLEMS data sets to decompose sectoral TFP for nine ...

Urban House Prices: A Tale of 48 Cities

In this paper, the authors construct a unique data set of Internet offer prices for flats in 48 large European cities across 24 countries. The data collected between January and May 2012 from 33 websites, are drawn from Internet advertisements of dwellings. Using the resulting sample of more than 1,000,000 announcements, the authors compute the quality-adjusted city-specific house prices. Based on ...

Sports and Exercise at Different Ages and Leukocyte Telomere Length in Later Life: Data from the Berlin Aging Study II (Base-II)

Physical activity and sports have repeatedly been reported to be associated with telomere length. We studied the association of different types of sports across different stages of life on relative leukocyte telomere length (rLTL) in advanced age.815 participants (397 men) from the Berlin Aging Study II aged over 61 years were included in the analysis. rLTL was measured by real time PCR and physical ...

Big Changes before Big Birthdays? Panel Data Provide No Evidence of End-of-Decade Crises

Gesamtwirtschaftlich unbedeutend: Ostmitteleuropa und die EU-Sanktionen gegen Russland

Measuring Transnationality of Immigrants in Germany: Prevalence and Relationship with Social Inequalities

The scope of immigrants' transnational ties and the relationship to their social position is subject to a controversial debate that suggests a dualistic picture. On the one hand, globalization theorists argue that an elite of highly educated and economically most successful professionals intensively engages in and benefits from transnationality. On the other hand, most scholars in migration and assimilation ...

Long-term Care Insurance and Carers' Labor Supply: A Structural Model

In Germany, individuals in need of long-term care receive support through benefits of the long-term care insurance. A central goal of the insurance is to support informal care provided by family members. Care recipients can choose between benefits in kind (formal home care services) and benefits in cash. From a budgetary perspective, family care is often considered a cost-saving alternative to formal ...

Does Experience Rating Improve Obstetric Practices? Evidence from Italy

Using inpatient discharge records from the Italian region of Piedmont, we estimate the impact of an increase in malpractice pressure brought about by experience-rated liability insurance on obstetric practices. Our identification strategy exploits the exogenous location of public hospitals in court districts with and without schedules for noneconomic damages. We perform difference-in-differences analysis ...

Understanding Chinese Consumption: The Impact of Hukou

Since the onset of the economic reforms more than three decades ago, the Chinese growth miracle has been based on exports and investment. While strong output growth was maintained even during the financial crisis, imbalances within the country increased. To return to a more sustainable development path, recent government policies have aimed to improve the role of private consumption. This article argues ...

Confidence Bands for Impulse Responses: Bonferroni vs. Wald

In impulse response analysis estimation uncertainty is typically displayed by constructing bands around estimated impulse response functions. If they are based on the joint asymptotic distribution possibly constructed with bootstrap methods in a frequentist framework, often individual confidence intervals are simply connected to obtain the bands. Such bands are known to be too narrow and have a joint ...