Marcel Fratzscher, Marco Lo Duca, Roland Straub
Hamburg,
07.09.2014
- 10.09.2014| Evidenzbasierte Wirtschaftspolitik: Jahrestagung des Vereins für Socialpolitik 2014
The European climate targets until 2050 require an adaptation of the generation portfolio in terms of renewable and fossil based generation. Assumptions on the timeline of the targets and the availability and costs of generation technologies are used in energy system models to optimize the cost minimal system transformation. The results include investments in generation technologies and their...
Christian von Hirschhausen, Jonas Egerer, Clemens Gerbaulet, Casimir Lorenz
Hamburg,
07.09.2014
- 10.09.2014| Evidenzbasierte Wirtschaftspolitik: Jahrestagung des Vereins für Socialpolitik 2014
How do banks choose their debt maturity structure when credit markets are subject to information frictions? This paper proposes a model of equilibrium maturity choice with asymmetric information and endogenous roll-over risk. We show that in the presence of public signals about firms' creditworthiness (credit ratings), firms choose to expose themselves to positive roll-over risk in order to...
Philipp König, David Pothier
Hamburg,
07.09.2014
- 10.09.2014| Evidenzbasierte Wirtschaftspolitik: Jahrestagung des Vereins für Socialpolitik 2014
Alexander S. Kritikos, Michael Fritsch, Alina Sorgner
Hamburg,
07.09.2014
- 10.09.2014| Evidenzbasierte Wirtschaftspolitik: Jahrestagung des Vereins für Socialpolitik 2014
To counteract the financial pressure emerging in aging societies, statutory pay-as-you-go pension schemes are undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper examines the evolution of the profitability of pension contributions against the background of this reform for cohorts 1935-...
Holger Lüthen
Hamburg,
07.09.2014
- 10.09.2014| Evidenzbasierte Wirtschaftspolitik: Jahrestagung des Vereins für Socialpolitik 2014
Statistical Analysis in surveys is often facing missing data. As case-wise deletion and single imputation prove to have undesired properties, multiple imputation remains as a measure to handle this problem. In a longitudinal study, where for some missing values past or future data points might be available, the question arises how to successfully transform this advantage into better imputation...
Christian Westermeier, Markus M. Grabka
Hamburg,
07.09.2014
- 10.09.2014| Evidenzbasierte Wirtschaftspolitik: Jahrestagung des Vereins für Socialpolitik 2014