Vorträge des DIW Berlin

Trick or Treat? Maternal Involuntary Job Loss and Children's Non-cognitive Skills

Negative effects of job loss on adults such as considerable fall in income have long been examined. If job loss has negative consequences for adults it may spread to their children. But potential effects on children's non-cognitive skills and the related mechanisms have been less examined. This paper uses propensity score matching to analyze maternal involuntary job loss and its potential causal...

Liquidity Crises, Banking, and the Great Recession

This paper presents a dynamic stochastic general equilibrium model which studies the business-cycle implications of financial frictions and liquidity risk at the bank-level. Following Holmström and Tirole (1998), demand for liquidity reserves arises from the anticipation of idiosyncratic operating expenses during the execution phase of bank-financed investment projects. Banks react to adverse...

How Do Taxes Affect Investment When Firms Face Financial Constraints?

This study uses a switching regression framework with known sample separation to analyze the effects of corporate income taxation on investment in case of binding and nonbinding financial constraints. By employing two different sample splitting criteria, payout behavior and the ratio of liabilities to total assets, I show that the elasticity of capital to its user costs in an auto-distributed-lag...

Innovation Policy for SMEs in Germany: Actual Trends

Entrepreneurship and Economic Performance: A Geographically Weighted Regression Approach for European Regions

Measuring Regional Inequality by Internet Car Price Advertisements: Evidence for Germany

Approximating Unit Commitment Using Mathematical Programming under Equilibrium Constraints

The Impact of Labour Market Activation Policies on Insiders' and Outsiders' Low-Wage Risk

Policy and Research Workshop. Innovative Longitudinal Tools for International Research in the Social Sciences: Panel Discussion

Does Job Stress Impact Social Involvement? Findings in the Health and Retirement Study

Transitory Shocks, Permanent Inequality and the Welfare State: Decomposing Half a Century of Earnings Dynamics in Germany

Differential Taxation and Firms' Financial Leverage: Evidence from the Introduction of a Flat Tax on Interest Income

Do Parties Matter? Estimating the Effect of Political Representation in Multi-party Systems

Lifetime Earnings Inequality in Germany

How Do Taxes Affect Investment When Firms Face Financial Constraints?

Quantitative Längsschnittstudien

The Dispersion in Profit Rates in Germany: A Result of Imperfect Competition?

While the model of perfect competition proves to be a very practical benchmark for assessing existing economies, most economists agree that this ideal state is practically never reached. Observed dispersions in return rates on capital seem to prove that the existence of monopolistic profits is more the rule as an outlier. However, recent research on intangible capital has shown that at least part...

Wealth Distribution within Couples and Financial Decision Making

While most previous studies on wealth inequality focus on the inequality between households, this paper examines the distribution of wealth within couples. For this purpose, we make use of unique individual level micro data from the German Socio-Economic Panel (SOEP). Men in couples possess on average 33,000 Euro more net worth than women. We look at five different sets of factors (demographics,...

Interindustry Differences in Rates of Return: New Evidence from Germany

Researchers have found plenty of evidence that profit rates vary considerably across industries. Moreover, existing evidence suggest that these interindustry differences in rates of return are not temporary but tend to persist. This is at odds with standard theories of open and (perfectly) competitive markets that underly, for instance, applied empirical work in growth accounting. At the same time...

Personality Characteristics and Entrepreneurship: Do Women Differ from Men?