Lending cuts by banks directly affect the firms borrowing from them, but also indirectly depress economic activity in the regions in which they operate. This paper moves beyond firm-level studies by estimating the effects of an exogenous lending cut by a large German bank on firms and counties. I construct an instrument for regional exposure to the lending cut based on a historic, postwar breakup of ...
A large literature suggests that growing international trade is among the drivers of rising labor earnings inequality within countries. We contribute to this literature by studying the distributional effects of Germany’s trade integration with China and Eastern Europe. We provide evidence that the trade shock explains 5–18% of the rise in earnings inequality between individual workers. However, when ...
Alleinerziehende in Deutschland sind keine homogene Gruppe. Ihr Armutsrisiko hängt von der bisherigen Biografie und insbesondere von den Partnerschaftsverläufen ab. Dabei ist jedoch unklar, ob zuerst das Armutsrisiko oder das Alleinerziehen eintritt. Die Ergebnisse zeigen: Zuvor verheiratete Mütter werden häufig durch das Alleinerziehen stark von Armut bedroht. Dagegen war ein Fünftel der Mütter in ...