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Referierte Aufsätze Web of Science
Why do entrepreneurship rates differ so markedly by gender? Using data from a large representative German household panel, we investigate to what extent personality traits, human capital, and the employment history influence the start-up decision and can explain the gender gap in entrepreneurship. Applying a decomposition analysis, we observe that the higher risk aversion among women explains a large ...
In:
CESifo Economic Studies
61 (2015), 1, S. 202-238
| Marco Caliendo, Frank M. Fossen, Alexander S. Kritikos, Miriam Wetter
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Referierte Aufsätze Web of Science
This paper develops a new methodology for estimating both the automatic and discretionary components of fiscal policy in one reaction function using the differences between real-time and ex post data. Discretionary policy should respond to information available to the policy maker at the time (real-time data), whereas automatic fiscal policy should respond to the true state of the economy at the time ...
In:
Macroeconomic Dynamics
19 (2015), Iss. 1, S. 221-243
| Kerstin Bernoth, Andrew Hughes Hallet, John Lewis
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Referierte Aufsätze Web of Science
Are capital controls and macroprudential measures related to international exposures successful in achieving their objectives? Assessing their effectiveness is complicated by selection bias; countries which change their capital-flow management measures (CFMs) often share specific characteristics and are responding to changes in variables that the CFMs are intended to influence. This paper addresses ...
In:
Journal of International Economics
96 (2015), Suppl. 1, S. S76-S97
| Kristin Forbes, Marcel Fratzscher, Roland Straub
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Referierte Aufsätze Web of Science
Parental leave and subsidized child care are prominent examples of family policies supporting the reconciliation of family life and labor market careers for mothers. In this paper, we combine different empirical strategies to evaluate the employment effects of these policies for mothers with young children. In particular we estimate a structural labor supply model and exploit quasi-experimental variation ...
In:
Labour Economics
36 (2015), S. 84-98
| Johannes Geyer, Peter Haan, Katharina Wrohlich
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Referierte Aufsätze Web of Science
DSM (demand-side management) merits increased attention by power system modelers. Numerical models should incorporate DSM constraints in a complete and consistent way. Otherwise, flawed DSM patterns and distorted conclusions on the system benefits of demand-side management are inevitable. Building on a model formulation put forward by Göransson et al. (2014), it is first suggested to include an additional ...
In:
Energy
84 (2015), S. 840-845
| Alexander Zerrahn, Wolf-Peter Schill
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Referierte Aufsätze Web of Science
The 2014 Russian–Ukrainian crisis reignited European concerns about natural gas supply security recalling the experiences of 2006 and 2009. However, the European supply situation, regulation and infrastructure have changed, with better diversified import sources, EU member states being better connected and a common regulation on the security of supply has been introduced. Nevertheless, European dependency ...
In:
Energy Policy
80 (2015), S. 177-189
| Philipp M. Richter, Franziska Holz
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Referierte Aufsätze Web of Science
The scapegoat theory of exchange rates (2 and 5) suggests that market participants may attach excessive weight to individual economic fundamentals, which are picked as “scapegoats” to rationalize observed currency fluctuations at times when exchange rates are driven by unobservable shocks. Using novel survey data that directly measure foreign exchange scapegoats for 12 exchange rates, we find empirical ...
In:
Journal of Monetary Economics
70 (2015), 1-21
| Marcel Fratzscher, Dagfinn Rime, Lucio Sarno, Gabriele Zinna
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Referierte Aufsätze Web of Science
Excessive alcohol consumption among young people is a major public health concern. On March 1, 2010, the German state of Baden-Württemberg banned the sale of alcoholic beverages between 10 pm and 5 am at off-premise outlets (e.g., gas stations, kiosks, supermarkets). We use rich monthly administrative data from a 70% random sample of all hospitalizations during the years 2007–2011 in Germany in order ...
In:
Journal of Public Economics
123 (2015), S. 55-77
| Jan Marcus, Thomas Siedler
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Referierte Aufsätze Web of Science
The topic of rising income inequality does not only gain in relevance since the two prominent reports by the OECD (Growing unequal? Income Distribution and Poverty in OECD Countries, Paris 2008; Divided we stand—Why inequality keeps rising, Paris 2011) but rather since the financial crisis. So far there is only scarce empirical evidence–besides a rather broad literature dealing with the US–about the ...
In:
Empirica
42 (2015), 2, S. 371-390
| Markus M. Grabka
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Referierte Aufsätze Web of Science
This paper studies the role of paternal risk attitudes in sons’ long-run education outcomes and in the intergenerational transmission of incomes and education. Based on 1984–2012 German Socio-Economic Panel Study data of sons and fathers, I show that fathers’ risk aversion is inversely related to sons’ long-run levels of education. A quasi-experimental setting provides no evidence for reverse causality. ...
In:
Economics of Education Review
47 (2015), S. 64-79
| Mathias Huebener