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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
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Referierte Aufsätze Web of Science
We analyze the impacts of future scenarios of electric vehicles (EVs) on the German power system, drawing on different assumptions on the charging mode. We find that the impact on the load duration curve strongly differs between charging modes. In a fully user-driven mode, charging largely occurs during daytime and in the evening, when power demand is already high. User-driven charging may thus have ...
In:
Applied Energy
156 (2015), S. 185-196
| Wolf-Peter Schill, Clemens Gerbaulet
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Referierte Aufsätze Web of Science
This paper aims at studying the causal effects of graduating from a university with an honors degree on subsequent earnings. While a rich body of literature has focused on estimating returns to human capital, few studies have analyzed returns at the very top of the education distribution. We highlight the importance of honors degrees for future labor market success in the context of German law graduates. ...
In:
Labour Economics
34 (2015), S. 39-50
| Ronny Freier, Mathias Schumann, Thomas Siedler
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Referierte Aufsätze Web of Science
Through an intertemporal budget constraint, jurisdictions may gain advantages in tax and spending competition by ‘competing’ on debt. While the existing spatial econometric literature focuses on tax and spending competition, very little is known about spatial interaction via public debt. If jurisdictions compete for mobile capital to finance public spending, they may compete in debt levels as well ...
In:
Regional Science & Urban Economics
53 (2015) 20-37
| Rainald Borck, Frank M. Fossen, Ronny Freier, Thorsten Martin
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Referierte Aufsätze Web of Science
This article analyzes the coordination of congestion management in the electricity grid and identifies the benefits from closer cooperation among Transmission System Operators. Mimicking the German situation with four Transmission System Operators in charge of relieving grid congestion, in particular by redispatch of power plants, we set up a model with shared transmission network constraints. Through ...
In:
Utilities Policy
37 (2015), S. 34-45
| Friedrich Kunz, Alexander Zerrahn
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Referierte Aufsätze Web of Science
Financial literacy predicts informed financial decisions, but what explains financial literacy? We use the concept of financial socialization and aim to represent three major agents of financial socialization: family, school and work. Thus we compile twelve relevant childhood characteristics in a new survey study and examine their relation to financial literacy, while controlling for established socio-demographic ...
In:
Journal of Economic Psychology
51 (2015), S. 114-133
| Antonia Grohmann, Roy Kouwenberg, Lukas Menkhoff
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Referierte Aufsätze Web of Science
This paper argues that the development of energy systems rests on a combination of three different domains of socio-economic processes and associated modes of decision-making. For shorthand these are termed ‘satisficing’, ‘optimising’, and ‘transforming’ domains, with corresponding underpinnings found in behavioural, neoclassical, and evolutionary economics respectively. Each domain operates at different ...
In:
Technological Forecasting & Social Change
98 (2015), S. 290-302
| Michael Grubb, Jean-Charles Hourcade, Karsten Neuhoff
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Referierte Aufsätze Web of Science
Whilst congestion in automobile traffic increases trip durations, this is often not the case in rail-based public transport where congestion rather leads to in-vehicle crowding, often neglected in empirical studies. Using original survey data from Paris, this article assesses the distribution of comfort costs of congestion in public transport. Estimating willingness to pay for less crowded trips at ...
In:
Transportation Research Part A: Policy and Practice
77 (2015), 182-201
| Luke Haywood, Martin Koning
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Referierte Aufsätze Web of Science
Bond excess returns can be predicted by macro factors, however, large parts remain still unexplained. We apply a novel term structure model to decompose bond excess returns into expected excess returns (risk premia) and the innovation part. In order to explore these risk premia and innovations, we complement macro variables by financial condition variables as possible determinants of bond excess returns. ...
In:
Journal of Banking & Finance
58 (2015), S. 80-94
| Christoph Fricke, Lukas Menkhoff