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Referierte Aufsätze Web of Science
This paper investigates the effect of insolvency regulation reforms on cross-border debt and equity investments at aggregate and sectoral levels. Using disaggregated data from the ECB’s Securities Holdings Statistics by Sector (SHSS) database and the OECD indicators on efficiency of insolvency regulations, we find that investors increase their debt and equity holdings in the countries that undertook ...
In:
Journal of International Money and Finance
131 (2023), 102795, 24 S.
| Tatsiana Kliatskova, Loïc Baptiste Savatier, Michael Schmidt
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Referierte Aufsätze Web of Science
Using machine learning methods in a quasi-experimental setting, I study the heterogeneous effects of introducing waste prices - unit prices on household unsorted waste disposal - on waste demands and municipal costs. Using a unique panel of Italian municipalities with large variation in prices and observables, I show that waste demands are nonlinear. I find evidence of constant elasticities at low ...
In:
Journal of Environmental Economics and Management
117 (2023), 102755, 18 S.
| Marica Valente
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Referierte Aufsätze Web of Science
This paper studies market segmentation that arises from the introduction of rent control. When a part of the market remains unregulated, theory predicts an increase of free-market rents due to the misallocation of households to dwellings. To document this mechanism empirically, we study a large-scale policy intervention in the German housing market. We isolate the misallocation mechanism by exploiting ...
In:
Journal of Urban Economics
134 (2023), 103513, 22 S.
| Andreas Mense, Claus Michelsen, Konstantin A. Kholodilin
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Referierte Aufsätze Web of Science
Paid parental leave schemes have been shown to increase women’s employment rates but to decrease their wages in case of extended leave duration. In view of these potential trade-offs, many countries are discussing the optimal design of parental leave policies. We analyze the impact of a major parental leave reform on mothers’ long-term earnings. The 2007 German parental leave reform replaced a means-tested ...
In:
Labour Economics
80 (2023), 102296, 13 S.
| Corinna Frodermann, Katharina Wrohlich, Aline Zucco
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Referierte Aufsätze Web of Science
We propose a new bootstrap algorithm for inference for impulse responses in structural vector autoregressive models identified with an external proxy variable. Simulations show that the new bootstrap algorithm provides confidence intervals for impulse responses which often have more precise coverage than and similar length to the competing moving-block bootstrap intervals. An empirical example shows ...
In:
Computational Economics
62 (2023), S. 1857–1882
| Martin Bruns, Helmut Lütkepohl
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Referierte Aufsätze Web of Science
This article shows how late-life incomes from work and pensions evolved in the United Kingdom between 1991 and 2007, the year the Great Recession began. Our main contribution comes from focusing on changes across cohorts in different educational groups while also considering the gender divide. Our statistical analyses based on the British Household Panel Survey (BHPS) suggest that deindustrialisation, ...
In:
Ageing and Society
43 (2023), S. 393–420
| Alberto Veira-Ramos, Paul Schmelzer
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Referierte Aufsätze Web of Science
In this paper, we use unique health record data that cover outpatient care and the associated costs to quantify the health care costs of a sizable increase in the retirement age in Germany. For the identification, we exploit a sizable cohort-specific pension reform which abolished an early retirement program for all women born after 1951. Our results show that health care costs significantly increase ...
In:
The European Journal of Health Economics
24 (2023), S. 1101–1120
| Johannes Geyer, Mara Barschkett, Peter Haan, Anna Hammerschmid
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Referierte Aufsätze Web of Science
In this paper, we investigate how European households changed the diversity of their financial portfolios in response to the Great Financial and the subsequent European Debt Crisis. For this purpose we apply a Difference-in-Differences (DiD) approach estimated as a correlated random effects (CRE) model to six waves of the Survey of Health, Ageing and Retirement in Europe (SHARE). We find that households ...
In:
International Review of Economics and Finance
83 (2023), S. 330-347
| Dorothea Schäfer, Andreas Stephan, Henriette Weser
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Referierte Aufsätze Web of Science
We introduce a selection model-based imputation approach to be used within the Fully Conditional Specification (FCS) framework for the Multiple Imputation (MI) of incomplete ordinal variables that are supposed to be Missing Not at Random (MNAR). Thereby, we generalise previous work on this topic which involved binary single-level and multilevel data to ordinal variables. We apply an ordered probit ...
In:
AStA Advances in Statistical Analysis
107 (2023), S. 671–692
| Angelina Hammon
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Referierte Aufsätze Web of Science
This is the first paper to examine experimentally effects of information provision on beliefs about pecuniary and non-pecuniary returns of postgraduate education, enrolment intentions and realized enrolment. We find that our treatment causally affects beliefs measured six months after treatment. The effects on beliefs differ by gender and academic background, and we find that stated enrolment intentions ...
In:
Economica
89 (2022), 355, S. 627-646
| Jan Berkes, Frauke Peter, C. Katharina Spieß, Felix Weinhardt