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Referierte Aufsätze Web of Science
The paper aims at measuring the general state intervention in rental housing market in Germany from 1913 through 2015. Four policy classes are considered: Incentives for social housing, tenant protection, housing rationing, and rent controls. Based on a legislation analysis, for each class an index measuring the degree of regulation is constructed. The indices reflect dramatic increases in regulations ...
In:
Urban Research and Practice
10 (2017), 3, S. 267-328
| Konstantin A. Kholodilin
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Referierte Aufsätze Web of Science
This paper complements evidence on the Allais paradox from advanced countries and educated people by a novel investigation in a poor rural area. The share of Allais-type behavior is indeed high and related to indicators of “lacking ability,” such as poor education, unemployment, and little financial sophistication. Based on prospective reference theory, we extend these characteristics by biased processing ...
In:
Journal of Risk and Uncertainty
54 (2017), 2, S. 129-156
| Tabea Herrmann, Olaf Hübner, Lukas Menkhoff, Ulrich Schmidt
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Referierte Aufsätze Web of Science
In dieser Studie gehen wir der Frage nach, welche Faktoren die einkommensbedingten Unterschiede in der Mortalität erklären können. Auf der Basis des Sozio-oekonomischen Panels (SOEP) werden ereignisanalytische Modelle der Mortalität ab dem Alter 65 geschätzt, die Auskunft über den Mediatoreffekt von acht Faktorenbündeln geben. Als Mediatoren zwischen Einkommen zum Alter 65 und Mortalität werden Bildung, ...
In:
Zeitschrift für Soziologie
46 (2017),2, S. 124-146
| Hannes Kröger, Martin Kroh, Lars Eric Kroll, Thomas Lampert
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Referierte Aufsätze Web of Science
While cash housing benefits are generally included in household disposable income, the effect of social housing is not accounted for. This may provide a misleading picture of the impact of overall housing policies on inequality and poverty, as countries use different policies to help households meet their housing expenses. In this article, we present the first comprehensive study of the impact of in-kind ...
In:
Journal of Housing and the Built Environment
32 (2017), 2, S. 289-312
| Gerlinde Verbist, Markus M. Grabka
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Referierte Aufsätze Web of Science
This paper provides evidence on the question of who bears the burden of social security contributions (SSC) in Germany over a long-term horizon. Following Alvaredo et al. (De Econ, 2017) we exploit kinks in the budget set generated by a drop in the marginal SSC rate at earnings caps for health and long-term care insurance. These concave kinks lead to discontinuities in the distributions of gross earnings, ...
In:
De Economist
165 (2017), 2, S. 165-179
| Kai-Uwe Müller, Michael Neumann
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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
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
We use a tailor-made survey on a Swedish sample to investigate how individuals' relative income affects their demand for redistribution. We first document that a majority misperceive their position in the income distribution and believe that they are poorer, relative to others, than they actually are. We then inform a subsample about their true relative income and find that individuals who are richer ...
In:
The Review of Economics and Statistics
99 (2017), 2, S. 201-212
| Mounir Karadja, Johanna Mollerstrom, David Seim
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Referierte Aufsätze Web of Science
Based on large representative German household survey data, we compare incomes of the self-employed with those of paid employees. We find that the entrepreneurial income gap is largest for those holding a tertiary degree, but in two directions: positive for employers (self-employed with further employees) and negative for solo entrepreneurs. Entrepreneurs holding a tertiary degree also face the greatest ...
In:
Small Business Economics
49 (2017), 2, S. 251–272
| Alina Sorgner, Michael Fritsch, Alexander Kritikos
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Referierte Aufsätze Web of Science
The creation of adequate investment incentives has been of great concern in the restructuring of the electricity sector. However, to achieve this, regulators have applied different market designs across countries and regions. In this paper we employ laboratory methods to explore the relationship between market design, capacity provision and pricing in electricity markets. Subjects act as firms, choosing ...
In:
Journal of Regulatory Economics
51 (2017), 2, S. 123-158
| Chloé Le Coq, Henrik Orzen, Sebastian Schwenen