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Macroeconomic Effects of Government Spending: The Great Recession Was (Really) Different

We estimate the effect of government spending shocks on the U.S. economy with a time‐varying parameter vector autoregression. The recent Great Recession period appears to be characterized by uniquely large impulse responses of output to fiscal shocks. Moreover, the particularity of this period is underlined by highly unusual responses of several other variables. The pattern of fiscal shock responses ...

The Individual in Context(s): Research Potentials of the Socio-Economic Panel Study (SOEP) in Sociology

The German Socio-Economic Panel (SOEP) study is a rich resource for sociologists, mainly because it offers direct measures of respondents’ contexts. The SOEP data provide (i) information retrieved from individuals themselves, (ii) direct information retrieved from their parents, partners, and organizations, (iii) prospectively collected information on past characteristics, and (iv) regional and spatial ...

Joint Roles of Parenting and Nutritional Status for Child Development: Evidence from Rural Cambodia

Substantial work has demonstrated that early nutrition and home environments, including the degree to which children receive cognitive stimulation and emotional support from parents, play a profound role in influencing early childhood development. Yet, less work has documented the joint influences of parenting and nutritional status on child development among children in the preschool years living ...

The Impact of Competition Policy Enforcement on the Functioning of EU Energy Markets

We investigate the impact of competition policy enforcement on the functioning of European energy markets while accounting for sectoral regulation. For this purpose, we compile a novel dataset on the European Commission's (EC) and EU member states' competition policy decisions in energy markets and combine it with firm- and sector-level data. We find that EC merger policy has a positive and robust ...

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How Far Reaches the Power of Personality? Personality Predictors of Terminal Decline in Well-Being

Personality is a powerful predictor of central life outcomes, including subjective well-being. Yet, we still know little about how personality manifests in the very last years of life when well-being typically falls rapidly. Here, we investigate whether the Big Five personality traits buffer (or magnify) terminal decline in well-being beyond and in interaction with functioning in key physical and social ...

The Rich Are Different: Unravelling the Perceived and Self‐Reported Personality Profiles of High‐Net‐Worth Individuals

Beyond money and possessions, how are the rich different from the general population? Drawing on a unique sample of high‐net‐worth individuals from Germany (≥1 million Euro in financial assets; N = 130), nationally representative data (N = 22,981), and an additional online panel (N = 690), we provide the first direct investigation of the stereotypically perceived and self‐reported personality profiles ...

Long-Term Effects of Pregnancy and Childbirth on Sleep Satisfaction and Duration of First-Time and Experienced Mothers and Fathers

Study Objectives: To examine the changes in mothers’ and fathers’ sleep satisfaction and sleep duration across prepregnancy, pregnancy, and the postpartum period of up to 6 years after birth; it also sought to determine potential protective and risk factors for sleep during that time.Methods: Participants in a large population-representative panel study from Germany reported sleep satisfaction and ...

The Joint Distribution of Net Worth and Pension Wealth in Germany

The research on wealth inequality has generally focused on real and financial assets, while giving little attention to pension wealth: the present value of future pension entitlements from public and company pension schemes. This is surprising given the important role pension plans play in guaranteeing material security and well‐being for a majority of the population, and suggests that they should ...

Economic Aspects of Subjective Attitudes towards the German Minimum-Wage Reform

Despite skepticism among experts about the effects of a minimum wage, there is remarkably widespread public support for such policies. Using representative survey data from 2015 and 2016, we investigate the subjective attitudes driving public support for Germany's minimum-wage reform. We find that socioeconomic characteristics and political orientations explain a minor part of the variation in attitudes, ...