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What is the Difference between Fossil Fuel Embargo and Price Shocks?

In this paper, we model a fossil fuel embargo as a temporary quantity constraint on fossil fuel imports and wecompare the impact with the effect of a fossil fuel price shock. We show that while both shocks have similar responses of output and inflation, they differ with respect to the reaction of other macroeconomic components,such as consumption, exports and the trade balance. In particular, an embargo ...

Labour Supply and Survivor Insurance in the Netherlands

This paper investigates the effects of survivor benefits (SB) on the labour supply of widows. Using richadministrative data on the Dutch population and a reform that considerably restricted eligibility to SB, weidentify the causal effect of SB on labour supply. Using a regression discontinuity design strategy based onthe cohort-based implementation of the reform, we show that labour income after spousal ...

Long-Run Consequences of Informal Elderly Care and Implications of Public Long-Term Care Insurance

We estimate a dynamic structural model of labor supply, retirement, and informal caregiving to study short and long-term costs of informal caregiving in Germany. Incorporating labor market frictions and the German tax and benefit system, we find that in the absence of Germany’s public long-term insurance scheme, informal elderly care has adverse and persistent effects on labor market outcomes and, ...

A HANK2 Model of Monetary Unions

How does a monetary union alter the impact of business cycle shocks at the household level? We develop a Heterogeneous Agent New Keynesian model of two countries (HANK) and show in closed form that a monetary union shifts the adjustment to a shock horizontally across countries, within the brackets of the union-wide wealth distribution, rather than vertically, that is, across the brackets of the union-wide ...

Questioning Nuclear Scale-up Propositions: Availability and Economic Prospects of Light Water, Small Modular and Advanced Reactor Technologies

This paper addresses the pressing need for rapid decarbonization of energy systems by examining the role of nuclear power in future energy scenarios collected in the IPCC database. Despite their explorative character, energy scenarios can influence decision-makers or might be used to promote certain technology developments. They are increasingly subject to the integration into real-world settings and ...

Avoid, Shift or Improve Passenger Transport? Impacts on the Energy System

Advancing Sustainable Development Goals through Energy Access: Lessons from the Global South

Under the banner of the United Nations' Sustainable Development Goal 7 (SDG 7), governments, industry, and civil society organisations have supported many energy access projects since 2015. Notably, funding and investments allotted to renewable energy are regarded not only to provide ‘energy for all’ but also support the delivery of other SDGs related to climate change, food security, health, and poverty ...

Socioeconomic Inequalities in Pandemic-induced Psychosocial Stress in Different Life Domains among the Working-Age Population

Background Psychosocial stress is considered a risk factor for physical and mental ill-health. Evidence on socioeconomic inequalities with regard to the psychosocial consequences of the COVID-19 pandemic in Germany is still limited. We aimed to investigate how pandemic-induced psychosocial stress (PIPS) in different life domains differed between socioeconomic groups.MethodsData came from the German ...

Investigation of Dog Ownership and Physical Activity on Weekdays and Weekends Using Longitudinal Data from the SOEP Cohort

This study examines the association between dog ownership over a period of 5 years (always, sometimes and no ownership) with physical activity on weekdays and weekends over a period of 6 years using the nationally representative German Socio-Economic Panel. Participants were asked if they had any pets and how many hours they spend on sports, fitness, and exercise. We hypothesized that the length of ...

Equilibrium Effects of Payroll Tax Reductions and Optimal Policy Design

We quantify the unintended effects of a low-wage payroll tax reduction using an equilibrium search model featuring bargaining, worker and firm productivity heterogeneity, labor taxes, and a minimum wage. The decentralized economy is inefficient due to search externalities and labor market policies. We estimate the model using French data and find that a significant reduction in low-wage payroll taxes ...