We present evidence from a repeated survey on risky asset holdings carried out on a representative sample of the German population six times between April and June 2020. Given the size of the Covid-19 shock, we find little evidence of portfolio rebalancing in April 2020. In May, however, individual investors started buying heavily, parallel to market recovery. The cross-section shows large differences ...
Humans possess a need for social contact. Satisfaction of this need benefits well-being, whereas deprivation is detrimental. However, how much contact people desire is not universal, and evidence is mixed on individual differences in the association between contact and well-being. This preregistered longitudinal study (N = 190) examined changes in social contact and well-being (life satisfaction, depressivity/anxiety) ...
We investigate the effect of the COVID-19 pandemic on self-employed people’s mental health. Using representative longitudinal survey data from Germany, we reveal differential effects by gender: whereas self-employed women experienced a substantial deterioration in their mental health, self-employed men displayed no significant changes up to early 2021. Financial losses are important in explaining these ...
Refugees in Germany perceive discrimination due to their country of origin in various life dimensions, which can negatively affect their integration into society. Using IAB-BAMF-SOEP survey data, this report analyzes to what extent refugees perceive discrimination on the labor market, at educational institutions, on the housing market, with public authorities, and in daily life. The results show that ...
This paper studies how the communication of political leaders affects the expectation formation of the public. Specifically, we examine the expectation management of the German government regarding COVID-19-related regulatory measures during the early phase of the pandemic. We elicit beliefs about the duration of these restrictions via a high-frequency survey of individuals, accompanied by an addi-tional ...
Luftverschmutzung verursacht hohe ökonomische Kosten durch gesundheitliche Belastungen der AnwohnerInnen, vor allem in städtischen Gebieten. Fahrbeschränkungen in Umweltzonen sollen zur Verbesserung der Luftqualität beitragen. Empirische Analysen in diesem Wochenbericht bestätigen, dass Umweltzonen verkehrsbedingte Luftverschmutzung verringern. Zusätzlich ergeben die Untersuchungen unbeabsichtigte ...
According to a recent paper by Gelfand et al., COVID-19 infection and case mortality rates are closely connected to the strength of social norms: “Tighter” cultures that abide by strict social norms are more successful in combating the pandemic than “looser” cultures that are more permissive. However, countries with similar levels of cultural tightness exhibit big differences in mortality rates. We ...