Vorträge des DIW Berlin

Testing Stock Market Convergence: A Non-linear Factor Approach

This paper applies the Phillips and Sul (2007) method to test for convergence in stock returns to an extensive dataset including monthly stock price indices for five EU countries (Germany, France, the Netherlands, Ireland and the UK) as well as the US over the period 1973-2008. We carry out the analysis on both sectors and individual industries within sectors. As a first step, we use the Stock and...

Pollution Exposure and Health in Early Childhood: Evidence from Germany

This paper examines the impact of outdoor and indoor pollution on children's health from birth until the age of three years in Germany. We use representative data from the German Socio-Economic Panel (SOEP), combined with five air pollution levels. These data come from the Federal Environment Agency and cover the years 2002-2007. Our work offers three important contributions. Firstly, we use...

Fahrstuhl außer Betrieb? Die Einkommens- und Vermögensverteilung in Deutschland

Presentation of the Main Policy Conclusions and Recommendations from IAREG Project

Diskussionsrunde

Far off or Close By? Validating German SHARE Data with Administrative Records

Incentives and Response Rates: First Experiences from the SOEP-Innovation-Sample 2009

Biomarkers in Surveys: Report on the Germany-Wide Survey "The Genetic Basis of Everyday Decisions"

Gestiegene Vermögensungleichheit in Deutschland unter Berücksichtigung des Alterssicherungsvermögens

Would Lehman Sisters Have Done It Differently?

This study investigates the role of gender in the investment behavior of individuals. The analysis bases on real-life investment data collected at an online market for peer-to-peer lending. The aim is to find out whether male and female investors differ in the propensity for risk taking and performance of investments. Conversely to the common belief, I find no evidence for gender differences....

Precautionary and Entrepreneurial Saving: New Evidence from German Households

Various studies have interpreted the positive correlation between income risk and wealth as evidence of significant precautionary savings. However, these high estimates emerged from pooling non-entrepreneurs and entrepreneurs, without controlling for heterogeneity. This article provides evidence for Germany based on representative panel data that includes private wealth balance sheets....

The Effects of Health and Employment Risks on Savings

Studies on precautionary savings (PS) have shown a variety of results which range from high shares of PS in total wealth to little or no PS at all. The plurality of results is probably caused by the many conceptual choices and problems that accompany this analysis. An important problem is to find a reliable measure of permanent income and future economic risks that corresponds to those perceived...

Determinants of Internationalization: Differences Between Service and Manufacturing SMEs

Employment Effects of a Sectoral Minimum Wage: Semiparametric Estimations for Germany

In this paper employment effects of a sectoral minimum wage in the German construction sector are estimated from a single cross-sectional wage distribution using parametric and semi-parametric models. Parametric functional form assumptions seem too restrictive and lead to implausible results. We suggest semi-parametric censored quantile regression models to relax these assumptions and find that...

Erneuerbare Energie: grünes Feigenblatt oder wachstumsorientierte Strategie?: Podium

How Airlines Sidestep EU ETS Auctions

We examine a specific strategy of airlines aiming at minimsing their exposure to allowance auctions under the EU Emission Trading System (EU ETS). Airlines have interest in receiving allowances aplenty and free of charge. An attractive loophole is offered by a poor design element of the benchmark metric used for free allowance allocation by member states. For the entire trading period of eight...

Agreeable Housewives? Women's Noncognitive Skills and Return to Employment after Childbirth

Precautionary and Entrepreneurial Saving: New Evidence from German Households

The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs without controlling for heterogeneity. This paper provides evidence for Germany based on representative panel data including private wealth balance...

School Tracking and the Intergenerational Transmission of Education in Germany and Italy

Longevity, Life-Cycle Employment and Fiscal Policy