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Referierte Aufsätze Web of Science
Subsidies for renewable energy sources are increasing around the globe and amounted to more than 100 billion euro in 2013. This study aims to answer whether the subsidies only ensure that green electricity plants are profitable or whether other market participant – as, for example, landowners – benefit from the subsidy in the form of windfall gains as well. To identify the causal effect of the subsidies, ...
In:
Journal of Public Economics
159 (2018), S. 16-32
| Peter Haan, Martin Simmler
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Referierte Aufsätze Web of Science
We analyze fiscal devaluation in a three-country model. The introduction of the third country, outside a monetary union, increases the expansionary effect of fiscal devaluation and the second country of the monetary union experiences a boom instead of a recession.
In:
Economics Letters
163 (2018), S. 13-16
| Philipp Engler, Sandra Pasch, Juha Tervala
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Referierte Aufsätze Web of Science
In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ administrative pension data and a detailed model of the German tax and social security system to estimate a structural dynamic retirement model. We find that ...
In:
Labour Economics
51 (2018), S. 25-37
| Timm Bönke, Daniel Kemptner, Holger Lüthen
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Referierte Aufsätze Web of Science
Consideration of contracting-out has been a mainstay of Thredbo conferences past, accounting for over half of conference papers. This workshop showed that contracting-out remains an important and vibrant theme, with 32 papers and some 50 participants from 20 countries. Case studies of contracting-out (and variants thereof) were presented at the national level for both bus (21) and rail (6). All stages ...
In:
Research in Transportation Economics
69 (2018), S. 86-96
| Rico Merkert, John Preston, Maria Melkersson, Heike Link
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Referierte Aufsätze Web of Science
We investigate gender discrimination in a nationally-representative sample of German firms using a factorial survey design. Short CVs of fictitious applicants for apprenticeship positions are presented to human resource managers who are asked to evaluate the applicants. Women are evaluated worse than men on average, controlling for all attributes of the CV. This measure of discrimination is robust ...
In:
Labour Economics
55 (2018), S. 215-229
| Dorothea Kübler, Julia Schmid, Robert Stüber
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Referierte Aufsätze Web of Science
The causes and consequences of the intergenerational persistence of inequality are a topic of great interest among various fields in economics. However, until now, issues of data availability have restricted a broader and cross-national perspective on the topic. Based on rich sets of harmonized household survey data, we contribute to filling this gap by computing time series for several indexes of ...
In:
Journal of Development Economics
134 (2018), S. 329-349
| Guido Neidhöfer, Joaquín Serrano, Leonardo Gasparini
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Referierte Aufsätze Web of Science
Related to the increased encouragement of public transport (PT) by policy-makers, over-crowding in PT has become a major issue worldwide. Whilst the impact of in-vehicle crowding on individuals' travel costs has been considered, we focus on aggregate welfare losses. We apply a Pigouvian framework to the case of subways and compute the economic cost of congestion (ECC). We combine data of the 14 metro ...
In:
Economics of Transportation
14 (2018), S. 1-8
| Luke Haywood, Martin Koning, Remy Prud'homme
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Referierte Aufsätze Web of Science
The paper estimates the dynamic impact of structural oil market shocks on the balance sheet of US firms, using industry level data covering manufacturing, trade and mining sectors. For manufacturing firms, findings indicate that an unexpected disruption in oil supply that raises oil prices by 1% lowers firm profits by 1.3% on impact. On the other hand, profits rise by 0.39% in response to the same ...
In:
Journal of Banking & Finance
95 (2018), S. 112-127
| Khalid ElFayoumi
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Referierte Aufsätze Web of Science
The theoretical literature remains inconclusive on whether changes in bank exposure to the domestic sovereign have an adverse effect on the sovereign risk position through a diabolic loop in the sovereign-bank nexus, or reduce perceived default risk by acting as a disciplinary device for the sovereign. In this paper we empirically analyze the impact of exogenous changes in bank exposure on the risk ...
In:
Journal of Banking & Finance
88 (2018) S. 63-75
| Maximilian Podstawski, Anton Velinov
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Referierte Aufsätze Web of Science
The use of renewable energy sources is a major strategy to mitigate climate change. Yet Sinn (2017) argues that excessive electrical storage requirements limit the further expansion of variable wind and solar energy. We question, and alter, strong implicit assumptions of Sinn’s approach and find that storage needs are considerably lower, up to two orders of magnitude. First, we move away from corner ...
In:
European Economic Review
108 (2018), S. 259-279
| Alexander Zerrahn, Wolf-Peter Schill, Claudia Kemfert