Publikationen des Vorstandsbereichs

The Global Crisis and Equity Market Contagion

We analyze the transmission of the 2007 to 2009 financial crisis to 415 country-industry equity portfolios. We use a factor model to predict crisis returns, defining unexplained increases in factor loadings and residual correlations as indicative ofcontagion. While we find evidence of contagion from the United States and the global financial sector, the effects are small. By contrast, there has been ...

Happiness Is Pleasant, or Is It? Implicit Representations of Affect Valence Are Associated with Contra-hedonic Motivation and Mixed Affect in Daily Life

People typically want to feel good. At times, however, they seek to maintain or enhance negative affect or to dampen positive affect. The prevalence of such contrahedonic motivation has been related to simultaneous experiences of positive and negative (i.e., mixed) affect. We investigated the role that implicit mental representations of affect valence may play in this regard in a study with N = 400 ...

Linking Concurrent Self-Reports and Retrospective Proxy Reports about the Last Year of Life: A Prevailing Picture of Life Satisfaction Decline

OBJECTIVE: We examined the extent to which retrospective proxy reports of well-being mirror participant self-reports at 12-24 months before death and how proxy reports of well-being change over the last year of life. We also explored the role of sociodemographic, cognitive, and health factors of both participants and proxies in moderating such associations.Method.We used retrospective proxy ratings ...

Output, National Income, and Expenditure: An Input-Output Table of Germany in 1936

We here present the earliest input–output table of Germany: It covers forty economic branches, five final demand categories, and five primary inputs. The symmetric table for 1936 is completely based on original statistical data and does not rely on separate supply and use tables. The core of our endeavor is based on the German industrial census of 1936. The input–output table offers a new benchmark ...

Personality Characteristics and the Decisions to Become and Stay Self-Employed

Based on a large, representative German household panel, we investigate to what extent the personality of individuals influences the entry decision into and the exit decision from self-employment. We reveal that some traits, such as openness to experience, extraversion, and risk tolerance affect entry, but different ones, such as agreeableness or different parameter values of risk tolerance, affect ...

Does Religion Make You Healthier and Longer Lived? Evidence for Germany

Researchers in the US have consistently reported substantial - not just statistically significant - links between religious belief and practice, and improved health and longevity. In this paper we report evidence for Germany, using data from thelong-running, nationally representative German Socio-Economic Panel (SOEP 1984). The SOEP dataset includes multiple measures of health, plus many "controls" ...

Perceived Personal Control Buffers Terminal Decline in Well-Being

Recent research has repeatedly demonstrated that well-being typically evinces precipitous deterioration close to the end of life. However, the determinants of individual differences in these terminal declines are not well understood. In this study, we examine the role of perceived personal control as a potential buffer against steep terminal declines in well-being. We applied single- and multiphase ...

Die Berechnung des Siegers: Marktwert, Ungleichheit, Diversität und Routine als Einflussfaktoren auf die Leistung professioneller Fußballteams

Vermarktlichung und Globalisierung haben den Profifußball und die Zusammensetzung von Mannschaften fundamental verändert. Vor dem Hintergrund der veränderten Rahmenbedingungen untersucht der Beitrag, in welchem Maße (a) der Marktwert einer Mannschaft, (b) ihre interne Ungleichheit, (c) die kulturelle Diversität eines Teams sowie (d) der Grad der Fluktuation im Team über den sportlichen Erfolg in nationalen ...

Parents Transmit Happiness along with Associated Values and Behaviors to Their Children: A Lifelong Happiness Dividend?

There are strong two-way links between parent and child happiness (life satisfaction), even for ‘children’ who have grown up, moved to their own home and partnered themselves. German panel evidence shows that transmission of (un)happiness from parents to children is partly due to transmission of values and behaviors known to be associated with happiness (Headey et al. in Proc Natl Acad Sci 107(42):17922–17926, ...

Validating Abbreviated Measures of Effort-Reward Imbalance at Work in European Cohort Studies: The IPD-Work Consortium