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Airbnb and Rental Markets: Evidence from Berlin

Certification against Greenwashing in Nascent Bond Markets: Lessons from African ESG Bonds

Africa is one of the most vulnerable continents to climate change. Climate and sustainability-linked bonds can provide funding to African governments and corporations for projects that help to mitigate climate change, combat biodiversity loss, and foster sustainable development. However, less than 0.3% of the global environmental, social, governance (ESG) bond issuance volume is devoted to projects ...

Teleworking and Life Satisfaction during COVID-19: The Importance of Family Structure

We carry out a difference-in-differences analysis of a real-time survey conducted as part of the German Socio-Economic Panel (SOEP) survey and show that teleworking had a negative average effect on life satisfaction over the first 2 years of the COVID-19 pandemic. This average effect hides considerable heterogeneity, reflecting gender-role asymmetries: lower life satisfaction is found only for unmarried ...

Housing and Health: A Multidimensional, Qualitative Analysis of the Experiences of Asylum Seekers and Refugees Living in German Reception Centres

Objectives Housing is an important social determinant of health, but the perspectives of asylum seekers and refugees (ASR) in large, centralised reception centres remain under-researched. We therefore sought to examine which housing aspects in reception centres are deemed relevant for health by ASR in Germany.MethodsBased on 47 interviews with 42 ASR in Germany originating from three different studies, ...

The Impact of Public Procurement on Financial Barriers to General and Green Innovation

This study investigates whether public procurement mitigates or exacerbates innovative enterprises’ financial constraints. We distinguish between general and environmentally beneficial innovative enterprises. Theory suggests that the treatment effects of public procurement, particularly when mediated by the demand-pull effect, may lower a company’s funding constraints for innovation. We test this theory ...

Risk Preference and Entrepreneurial Investment at the Top of the Wealth Distribution

This study quantifies the distributional effects of the minimum wage introduced in Germany in 2015. Using detailed Socio-Economic Panel survey data, we assess changes in the hourly wages, working hours, and monthly wages of employees who were entitled to be paid the minimum wage. We employ a difference-in-differences analysis, exploiting regional variation in the “bite” of the minimum wage. At the ...

Inform Me When It Matters: Cost Salience, Energy Consumption, and Efficiency Investments

Using a large-scale natural experiment in staggered billing dates for energy use in Germany and a unique billing dataset for multi-apartment buildings, this paper shows that the month of billing is a significant determinant of heat energy consumption. A large set of residential buildings demand significantly more heat energy annually, when the bill is issued during off-winter months. The paper finds ...

Active or Passive? Revisiting the Role of Fiscal Policy during High Inflation

We investigate the interplay of the monetary–fiscal policy mix during times of crisis by drawing insights from the Great Inflation of the 1960s and 1970s. We use a Sequential Monte Carlo (SMC) algorithm to estimate a DSGE model with three distinct monetary/fiscal policy regimes. We show that, in such a model, SMC outperforms standard sampling algorithms because it is better suited to deal with multimodal ...

Moral Bandwidth and Environmental Concerns During a Public Health Crisis: Evidence from Germany

Did the COVID-19 pandemic crowd out environmental concerns, as one might expect if ‘‘pools of worry’’ were finite or ‘‘moral bandwidth’’ was limited? We use Chancellor Angela Merkel’saddress to the German nation on 18 March 2020 as the threshold in a regression discontinuity in time (RDiT) to evaluate the effects of an increase in COVID-based economic and health concerns on the climate and environmental ...

Reconsidering Inequalities in COVID-19 Vaccine Uptake in Germany: A Spatiotemporal Analysis Combining Individual Educational Level and Area-Level Socioeconomic Deprivation

Combining the frameworks of fundamental causes theory and diffusion of innovation, scholars had anticipated a delayed COVID-19 vaccination uptake for people in lower socioeconomic position depending on the socioeconomic context. We qualify these propositions and analyze educational differences in COVID-19 vaccination status over the first ten months of Germany’s vaccination campaign in 2021. Data from ...