Vorträge des DIW Berlin

Recent Developments in the SOEP: Minimum Wage Module

At School in the Afternoon: Labour Supply of German Mothers with Primary School Children

Retirement Preparedness across Cohorts in Germany

Lifetime Income Inequality with Taxation and Public Benefits

Recent Developments in the SOEP: SOEP-Migration-Samples 2013/2014

The Link between Personality and Fertility - Is It Different for Males and Females?

Recent Developments in the SOEP: The Family of SOEP Longitudinal Studies - SOEP-Core and SOEP-IS

The Landscape of SOEP Longitudinal Studies

Parental Socioeconomic Status and the Quality of Early Childhood Education and Care: Evidence from Germany

Time Use, Experienced Well‐being and Labor Market Status

Information Provision and Post-secondary Education: Evidence from a German Randomized Controlled Trial

Trading under Ambiguity and the Effect of Learning

Early Retirement Eligibility and Employment Behavior: Evidence from a Cohort Based Pension Reform

Risk and Uncertainty in Sovereign Debt Markets

We assess the relationship between macroeconomic uncertainty and risk aversion and their role for the pricing of sovereign debt. A theoretical model of sovereign default is used to tell apart the effects of risk aversion and uncertainty for bond prices. We find that investors' risk aversion is positively affected by an increase in uncertainty, indicating toward uncertainty constituting a root...

Unconventional Monetary Policy, Fiscal Side Effects, and Euro Area (Im)balances

The Role of Time Preferences in Educational Decision Making

Testing for Identification in SVAR-GARCH Models: Reconsidering the Impact of Monetary Shocks on Exchange Rates

Changes in residual volatility in vector autoregressive (VAR) models can be used for identifying structural shocks in a structural VAR analysis. Testable conditions are given for full identification for the case where the volatility changes can be modelled by a multivariate GARCH process. Formal statistical tests are presented for identification and their small sample properties are investigated...

Calculating Joint Confidence Bands for Impulse Response Functions Using Highest Density Regions

This paper proposes a new non-parametric method of constructing joint confidence bands for impulse response functions of vector autoregressive models. The estimation uncertainty is captured by means of bootstrapping and the highest density region (HDR) approach is used to construct the bands. A Monte Carlo comparison of the HDR bands with existing alternatives shows that the former are competitive...

Assessing Identifying Restrictions in SVAR Models

This paper proposes a Bayesian approach to assess if the data support candidate set-identifying restrictions in Vector Autoregressive models. I study the case of sign restrictions. The researcher expresses her uncertainty regarding the validity of the restrictions using a prior distribution that covers the parameter space both where the restrictions are satisfied and where they are not satisfied....

Identifying Uncertainty Shocks Using the Price of Gold

We propose a new instrument to identify the impact of uncertainty shocks in a SVAR model with external instruments. We construct the instrument for uncertainty shocks by exploiting variations in the price of gold around selected events. The events capture periods of changes in uncertainty unrelated to other macroeconomic shocks. The variations in the price of gold around such events provide a...