Vorträge des DIW Berlin

The Predictive Content of Asset Price Bubbles for Macro Forecasts

This paper contributes to the debate of whether central banks can \lean against the wind" of emerging stock or house price bubbles. Against this background, the paper evaluates if new advances in real-time bubble detection, as brought forward by Phillips et al. (2011), can timely detect bubble emergences and collapses. Building on simulations, the paper shows that the detection capabilities of all...

Don't Stop Me Now: The Impact of Credit Market Segmentation on Firms' Financing Constraints

Regulation and Investment Incentives in Electricity Distribution

How Does Education Improve Cognitive Skills? Instructional Time versus Timing of Instruction

This paper investigates two mechanisms through which education may affect cognitive skills in adolescence: the role of instructional quantity and the timing ofinstruction with respect to age. To identify causal effects, I exploit a school reform carried out at the state level in Germany as a quasi-natural experiment: between 2001 and 2007, the academic-track high school (Gymnasium) was reduced by...

Job Search Expectations

An Analysis of Allowance Banking in the EU ETS

Leibniz Science 2.0: Sharing Research Data in Academia

Deindustrialization and the Polarization of Household Incomes: The Example of Urban Agglomerations in Germany

The tertiarization, or perhaps more accurately, the deindustrialization of the economy has left deep scars on cities. It is evident not only in the industrial wastelands and empty factory buildings scattered throughout the urban landscape, but also in the incomeand social structures of cities. Industrialization, collective wage setting and the welfare state led to a stark reduction in income...

The Effect of Peer Observation on Consumption Choices: Experimental Evidence

Weather Shocks and Education in Mongolia

Uncertainty Shocks and Non-fundamental Debt Crises: An Ambiguity Approach

Inequality and Defined Benefit Pensions When Life Expectancy Is Heterogeneous

Personality Traits, Subjective Learning, and Entrepreneurial Decision Making

Long-Term Care Reform and the Labor Supply of Household Members: A Difference-in-Differences Approach

Sowing the Wind and Reaping the Whirlwind? The Effect of Wind Turbines on Residential Well-Being

We investigate the effect of the physical presence of wind turbines on residential well-being in Germany, using panel data from the German Socio-Economic Panel (SOEP) and a unique novel panel data set on more than 20,000 wind turbines for the time period between 2000 and 2012. Using a Geographical Information System (GIS), we calculate the proximity between households and the nearest wind turbine...

Heterogeneous Immigrants and Foreign Direct Investment: The Role of Language Skills

The Impact of Wind Power Support Schemes on Technology Choices

Germany changed renewable remuneration for wind power from a fixed Feed-In Tariff (FIT) to a floating Market Premium Scheme (MPS) in 2012. One aim of this adjustment was to better align the supply of generated wind electricity with the demand for it, e.g. through more system-friendly wind turbine technology choices. In energy systems with a high share of variable renewable energies, such turbines...

The Market Value of Energy Efficiency in Buildings and the Mode of Tenure

Concerns about global warming and growing scarcity of fossile fuels require substantial changes in energy consumption patterns and energy systems, as targeted by many countries around the world. One key element to achieve such transformation is to increase energy efficiency of the housing stock. In this context, it is frequently argued that private investments are too low in the light of the...

How Reliable Are Incidence Estimates Based on Cross-Sectional Distributions? Evidence from Simulations and Linked Employer-Employee Data

Offset Credits in the EU Emissions Trading System: A Firm-Level Evaluation of Transaction Costs