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We provide empirical evidence on the heterogeneous transmission of monetary policy to the housing market across and within countries. We use household-level data from Germany, Italy and Switzerland together with the respective monetary policy shocks identified from high-frequency data. We find that the pass-through of monetary policy shocks to rates of newly originated (fixed-rate) mortgages is twice ...
In:
European Economic Review
145 (2022), 104107
| Winfried Koeniger, Benedikt Lennartz, Marc-Antoine Ramelet
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Berlin:
DIW Berlin,
2019,
(Endbericht des Forschungsvorhabens fe 6/17 im Auftrag des Bundesministeriums der Finanzen (BMF))
| Claus Michelsen, Stefan Bach, Markus M. Grabka, Niklas Isaak, Konstantin Kholodilin, Maximilian Schäfer, Claudius Willem
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We investigated whether higher internal control beliefs (perceived control, political efficacy) and improved social relationships (lower loneliness, social support availability) mediated the associations between nonpolitical and political volunteering and subjective well-being (SWB; life satisfaction, emotional well-being). Moreover, we examined whether these effects differed between nonpolitical and ...
In:
Journal of Happiness Studies
23 (2022), 5, 1969-1989
| Matthias Lühr, Maria K. Pavlova, Maike Luhmann
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This chapter discusses how labour market trends in Germany since the mid-1990s have affected workers in middle-income households. It sets off by looking at the types of jobs carried out by middle-income workers, analysing changes in occupations and sector of employment and discussing the role of rising female labour force participation. It then provides evidence on the share of middle-income workers ...
In:
OECD ,
Is the German Middle Class Crumbling? Risks and Opportunities
Paris: OECD Publishing
56-88
| Valentina S. Consiglio, Sebastian Königs, Horacio Levy
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This chapter examines short-term income dynamics in Germany since the mid-1990s. It first focuses on the mobility patterns of people in the middle-income group over a four-year interval, looking at trends in their risks of sliding out of the middle, and of experiencing poverty, and their opportunities of rising out towards the top. It then looks at changes in the upward mobility into the middle-income ...
In:
OECD ,
Is the German Middle Class Crumbling? Risks and Opportunities
Paris: OECD Publishing
89-101
| Valentina S. Consiglio, Sebastian Königs
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We investigate the consistency of prosocial behaviors in response to changes in the institutional setting of a lab-in-the-field experiment involving primary school students in El Salvador. Students play variants of the dictator game allowing the option to take and with relative unequal initial endowments. We exploit within-subject variation and find that children are sensitive to the enlargement of ...
Milan:
Centro Studi Luca d’Agliano,
2021,
(Development Studies Working Paper N. 478)
| Jacopo Bonan, Sergiu Burlacu, Arianna Galliera
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We present new descriptive evidence on the immigrant-native gap in risk and time preferences in Germany, one of immigrants’ most preferred destination countries. Using the recent waves of the Socio-Economic Panel (SOEP) dataset, we find that the immigrant-native gap in risk preferences has widened for recent immigration cohorts, especially around the time of the 2015 European Refugee Crisis. We attribute ...
In:
Journal of Population Economics
36 (2023), April 2023, 743-778
| Sumit S. Deole, Marc O. Rieger
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To what extent has the closing of the gender gap in hourly wages (‘gender wage gap’; GWG) in Western Germany stalled due to an increasing supply of non-standard working hours? We use descriptive trend analyses and Juhn–Murphy–Pierce decompositions of German Socio-Economic Panel data for the last 30 years (1985–2014) to analyse the extent to which the expansion of part-time and marginal work, as well ...
In:
European Sociological Review
38 (2022), 5, 754-769
| Laila Schmitt, Katrin Auspurg
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Constructing measures of post-tax income inequality that are consistent with national accounts requires the allocation of the entirety of government expenditure to individuals. About half of government expenditure in the United States takes the form of in-kind collective expenditure (e.g., education, defense, infrastructure). The dominant assumption in the literature is to allocate this expenditure ...
Mannheim:
Leibniz-Zentrum für Europäische Wirtschaftsforschung (ZEW),
2022,
(ZEW Discussion Paper No. 22-004)
| Lukas Riedel, Holger Stichnoth
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The German government recently made a large number of changes to migration legislation, in relation to asylum seekers and refugees who have immigrated since 2015. While the impact of some reforms may be socio-political, most of them also have fiscal implications. This study uses generational accounting to analyse the effects of these legislative changes on the German fiscal system. The results show ...
In:
German Politics
30 (2021), 2, 170-188
| Gerrit Manthei