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Referierte Aufsätze Web of Science
We provide new evidence on the impact of one severe weather event on child height in Mongolia. While previous studies mostly focus on rainfall shocks in tropical or dry climate areas, our focus is on the extremely harsh winter that hit Mongolia in 2009–10. The severe winter—locally referred to as a dzud—caused catastrophic damage and resulted in the death of 10.3 million livestock. Our analysis identifies ...
In:
World Development
86 (2016), S. 59-78
| Valeria Groppo, Kati Krähnert
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Referierte Aufsätze Web of Science
We use single equation and system instrumental variable models to explore if individuals smoke during times of stress (the motivation effect) and if they are successful in self-medicating short-term stress (the self-medication effect). Short-term stress is a powerful motivator of smoking, and the decision to smoke could trigger biological feedback that immediately reduces short-term stress. We use ...
In:
Economics and Human Biology
22 (2016), S. 94-102
| Michael F. Pesko, Christopher F. Baum
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Referierte Aufsätze Web of Science
We use changes in Brazil's tax on capital inflows from 2006 to 2013 to test for direct portfolio effects and externalities from capital controls on investor portfolios. We find that an increase in Brazil's tax on foreign investment in bonds causes fund managers to significantly decrease their portfolio allocations to Brazil in both bonds and equities. Fund managers simultaneously increase allocations ...
In:
Journal of International Economics
99 (2016), S. 85-104
| Kristin Forbes, Marcel Fratzscher, Thomas Kostka, Roland Straub
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Referierte Aufsätze Web of Science
Recent supply security concerns in Europe have revived interest into the natural gas market. We investigate infrastructure investment and trade in an imperfect market structure for various possible risks for both supply and demand. We focus on three possible scenarios in a stochastic global gas market model: (i) transit of Russian gas via Ukraine that may be disrupted from 2020 on; (ii) natural gas ...
In:
Energy Policy
94 (2016), S. 468-479
| Ruud Egging, Franziska Holz
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Referierte Aufsätze Web of Science
In response to the Great Financial Crisis (GFC), bank regulatory regimes were tightened world-wide to strengthen banking stability and the resilience of the banking sectors. Yet, it is often claimed that regulatory tightening may lead banks to cut back on lending and comes at the cost of a lower loan supply. The present paper uses a country panel for 50 advanced and emerging market economies to analyze ...
In:
Journal of International Money and Finance
66 (2016), S. 113-135
| Marcel Fratzscher, Philipp König, Claudia Lambert
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Referierte Aufsätze Web of Science
This article studies long run wage mobility as a characteristic of regional labor markets. Using German administrative data we describe wage mobility since 1975 in West and since 1992 in East Germany. Wage mobility declined substantially in East Germany in the 1990s and moderately in East and West Germany since the late 1990s. These findings are robust in many dimensions. We apply RIF regression based ...
In:
Labour Economics
39 (2016), S. 11-34
| Regina T. Riphahn, Daniel D. Schnitzlein
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Referierte Aufsätze Web of Science
We investigate whether non-cognitive skills – in particular Locus of Control – are important determinants of mobility processes for male workers at the low-wage margin. Our results reveal a significant amount of state dependence in low pay even after controlling for non-cognitive skills. Furthermore, compared to individuals with an external Locus of Control, individuals with a more internal Locus of ...
In:
Journal of Economic Psychology
53 (2016), S. 164-177
| Daniel D. Schnitzlein, Jens Stephani
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Referierte Aufsätze Web of Science
In this paper, we analyze the technical efficiency and CO2 reduction potentials of German power and heat plants, using a non-parametric sequential Data Envelopment Analysis. We apply a metafrontier framework to evaluate plant-level efficiency in the transformation of inputs into desirable (energy) and undesirable (CO2 emissions) outputs, taking into account different fossil fuel generation technologies. ...
In:
Energy Economics
56 (2016), S. 9-19
| Stefan Seifert, Astrid Cullmann, Christian von Hirschhausen
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Referierte Aufsätze Web of Science
We compare dictator and impunity games. In impunity games, responders can reject offers but to no payoff consequence to proposers. Because proposers act under impunity, we should expect the same behavior across games, but experimentally observed behavior varies. Responders indeed exercise the rejection option. This threat psychologically influences proposers. Some proposers avoid rejection by offering ...
In:
Economics Letters
141 (2016), S. 119–121
| Alexander S. Kritikos, Jonathan H. W. Tan
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Referierte Aufsätze Web of Science
We investigate the effect of urban land use on residential well-being in major German cities, using panel data from the German Socio-Economic Panel and cross-section data from the European Urban Atlas. We reduce concerns about endogeneity by employing fixed-effects (within) estimators, with individual and city of residence fixed effects, while controlling for a rich set of observables. The results ...
In:
Ecological Economics
121 (2016), S. 117-127
| Christian Krekel, Jens Kolbe, Henry Wüstemann