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Referierte Aufsätze Web of Science
A personal bankruptcy law that allows for a "fresh start" not only reduces the individual risk involved in entrepreneurship, but may also lead to higher interest rates charged by creditors. Both effects are less relevant for wealthy potential entrepreneurs. This paper illustrates these effects in a model and tests the hypotheses derived by exploiting the introduction of a "fresh start" policy in Germany ...
In:
American Law and Economics Review
16 (2014), 1, S. 269-312
| Frank M. Fossen
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Referierte Aufsätze Web of Science
In der soziologischen Methodenforschung werden Paneldaten als Instrument diskutiert, welches eine fundiertere Überprüfung einer kausalen Hypothese als Querschnittsdaten ermöglicht. Zur Realisierung dieses Potenzials ist allerdings die Isolierung intraindividueller Zusammenhänge im Rahmen der Schätzprozedur notwendig. Bei multivariaten Regressionsanalysen leistet dies die Fixed Effects Regression, welche ...
In:
Kölner Zeitschrift für Soziologie und Sozialpsychologie
66 (2014), 1, S. 95-113
| Marco Giesselmann, Michael Windzio
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Referierte Aufsätze Web of Science
We investigated age differences in associations among self-reported experiences of tense and energetic arousal, physiological activation indicated by heart rate, and working-memory performance in everyday life. The sample comprised 92 participants aged 14–83 years. Data were collected for 24 hr while participants pursued their normal daily routines. Participants wore an ambulatory biomonitoring system ...
In:
Psychology and Aging
29 (2014), 1, S.103-114
| Michaela Riediger, Cornelia Wrzus, Kathrin Klipker, Viktor Müller, Florian Schmiedek, Gert G. Wagner
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Referierte Aufsätze Web of Science
This paper analyses the relationship between traffic volume and maintenance costs, and derives estimates for the cost elasticity and the marginal maintenance cost for pricing decisions. Two types of multi-output cost functions were estimated: a translog form and a hybrid form with output variables transformed by Box–Cox metrics. The hybrid model performs statistically better and is the preferable model ...
In:
Journal of Transport Economics and Policy
48 (2014), 1, S. 15-33
| Heike Link
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Referierte Aufsätze Web of Science
The idea of higher wealth taxes to finance the mounting public debt in the wake of the financial crisis is gaining ground in several OECD countries. We evaluate the revenue and distributional effects of a one-time capital levy on personal net wealth that is currently on the political agenda in Germany. We use survey data from the German Socio-Economic Panel (SOEP) and estimate the net wealth distribution ...
In:
Fiscal Studies
35 (2014), 1, S. 67-89
| Stefan Bach, Martin Beznoska, Viktor Steiner
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Referierte Aufsätze Web of Science
The simultaneous estimation method has overtaken the sequential approach as the preferred estimation method for hybrid discrete choice models. Notwithstanding, the computational cost of the simultaneous estimation can be prohibitive when models become more involved, and in such cases sequential estimation can still be a potent option. In previous work a theoretical analysis was conducted that led to ...
In:
Transportation Research Record
2429 (2014), 1, S. 51-58
| Francisco J. Bahamonde-Birke, Juan de Dios Ortúzar
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Referierte Aufsätze Web of Science
This paper is the first to analyze the impact of family background on permanent earnings based on sibling correlations in Germany and to provide a cross-country comparison of Germany, Denmark, and USA. The main findings are that family and community background has a stronger influence on permanent earnings in Germany than in Denmark, and a comparable influence is found in USA. This holds true for both ...
In:
Journal of Population Economics
27 (2014), 1, S. 69-89
| Daniel D. Schnitzlein
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Referierte Aufsätze Web of Science
Applying a financial assets approach, we analyze the returns and earnings risk of investments into different types of human capital. Even though the returns from investing in human capital are extensively studied, little is known about the properties of the returns to different types of human capital within a given educational path. Using information from the German Micro Census, we estimate the risk ...
In:
Economics of Education Review
42 (2014), S. 109-129
| Daniela Glocker, Johanna Storck
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Referierte Aufsätze Web of Science
We examine moonlighting by politicians in Germany. In July 2007, the German Supreme Court adjudicated that members of parliament (MPs) have to publish details of their outside earnings. Using panel data models, we investigate how outside earnings are correlated with absence and parliamentary activity. The results do not indicate that outside earnings are correlated with absence rates and speeches; ...
In:
European Journal of Political Economy
36 (2014), S. 147-157
| Felix Arnold, Björn Kauder, Niklas Potrafke
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Referierte Aufsätze Web of Science
What are the economic effects of a central bank that takes the evolution of house prices into account? In an attempt to answer this question, we use a New Keynesian dynamic stochastic general equilibrium model with a housing sector to explore the economic impacts of a central bank reacting to house price inflation. We examine this in the context of two different shocks that are associated with two ...
In:
Journal of Housing Economics
26 (2014), S. 119-125
| Guido Baldi