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Referierte Aufsätze Web of Science
This study examines the importance of parental health in the development of child behavior during early childhood. Our analysis is based on child psychometric measures from a longitudinal German dataset, which tracks mothers and their newborns up to age six. We identify major changes in parental health (shocks) and control for a variety of initial characteristics of the child including prenatal conditions. ...
In:
Review of Economics of the Household
14 (2016), 3, S. 577-598
| Andrea M. Mühlenweg, Franz G. Westermaier, Brant Morefield
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Referierte Aufsätze Web of Science
This paper shows how spillovers from sovereign risk to banks׳ access to wholesale funding establish a bank-sovereign nexus. In a dynamic stochastic general equilibrium set-up, heterogeneous banks give rise to an interbank market where government bonds are used as collateral. Government borrowing under limited commitment is costly ex ante as bank funding conditions tighten when the quality of collateral ...
In:
European Economic Review
87 (2016), S. 34-61
| Philipp Engler, Christoph Große Steffen
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Referierte Aufsätze Web of Science
We examine the relationship between outcomes of securities fraud class action lawsuits (SFCAs) and corporate board turnover rates. Our results indicate that turnover rates for board members are higher when a firm settles a lawsuit than when a suit is dismissed. Outside director turnover is most sensitive to SFCA outcomes, perhaps reflecting reputational effects. Results demonstrate that involvement ...
In:
International Review of Law and Economics
48 (2016), S.14-25
| Christopher F. Baum, James G. Bohn, Atreya Chakraborty
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Referierte Aufsätze Web of Science
Situated at the intersection of the literatures on speculative storage and non-renewable commodity scarcity, this paper considers whether changes in persistence have occurred in long-run U.S. prices of the energy commodities crude oil, natural gas and bituminous coal. We allow for a structural break when testing for a break in persistence to avoid a change in the stochastic properties of prices being ...
In:
Energy Economics
59 (2016), S. 96-103
| Aleksandar Zaklan, Jan Abrell, Anne Neumann
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Referierte Aufsätze Web of Science
We examine how late-life personality development relates to overall morbidity as well as specific performance-based indicators of physical and cognitive functioning in 1,232 older adults in the Berlin Aging Study II (aged 65-88 years). Latent growth models indicated that, on average, neuroticism and conscientiousness decline over time, whereas extraversion and openness increase and agreeableness remains ...
In:
Journal of Research in Personality
65 (2016), S. 94-108
| Swantje Müller, Jenny Wagner, Johanna Drewelies, Sandra Düzel, Peter Eibich, Jule Specht, Ilja Demuth, Elisabeth Steinhagen-Thiessen, Gert G. Wagner, Denis Gerstorf
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Referierte Aufsätze Web of Science
Multiplicative growth processes that are subject to random shocks often have an asymmetric distribution of outcomes. In a series of incentivized laboratory experiments, we show that a large majority of participants either strongly underestimatethe asymmetry or ignore it completely. Participants misperceive the spread of the outcome distribution to be too narrowband, and they estimate the median and ...
In:
Management Science
64 (2018), 4, S. 1693-1706
| Ludwig Ensthaler, Olga Nottmeyer, Georg Weizsäcker, Christian Zankiewicz
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Referierte Aufsätze Web of Science
This article studies the interaction of information disclosure and reputational concerns in certification markets. We argue that by revealing information less precisely, a certifier reduces the threat of capture because this reduces her gains from selling fraudulent certificates. As a result, only imprecise disclosure rules are implementable for intermediate discount factors. Our results therefore ...
In:
European Economic Review
89 (2016), S. 345-360
| Martin Pollrich, Lilo Wagner
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Referierte Aufsätze Web of Science
Concerns about global warming and growing scarcity of fossil fuels require substantial changes in energy consumption patterns and energy systems, as targeted by many countries around the world. One key element to achieve such transformation is to increase energy efficiency of the housing stock. In this context, it is frequently argued that private investments are too low in the light of the potential ...
In:
Urban Studies
54 (2017), 14, S. 3218-3238
| Claus Michelsen, Andreas Mense, Konstantin Kholodilin
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Referierte Aufsätze Web of Science
The Household Finance and Consumption Survey (HFCS) provides information about house-hold wealth (real and financial assets as well as liabilities) from 15 Euro-countries around the year 2010 (first wave). The survey will be the central dataset in this topic in the future. However, several aspects point to potential methodological constraints regarding cross-country comparability. Therefore the aim ...
In:
Survey Research Methods
10 (2016), 2, S. 119-142
| Anita Tiefensee, Markus M. Grabka
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Referierte Aufsätze Web of Science
Developed and well regulated financial markets are usually seen as a precondition for an efficient allocation of resources and can foster long term economic growth. This paper explores the institutional determinants for financial development in the countries of the Middle East and North African (MENA) region. Institutional conditions are from the International Country Risk Guide. Panel-econometric ...
In:
Review of Development Economics
20 (2016), 3, S. 670-680
| Mondher Cherif, Christian Dreger
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Referierte Aufsätze Web of Science
We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank-level do not cancel out in the aggregate but can affect macroeconomic outcomes. Financial openness may affect GDP growth in and of itself, and it may also influence ...
In:
Journal of Banking & Finance
77 (2017), S. 300-316
| Franziska Bremus, Claudia M. Buch
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Referierte Aufsätze Web of Science
Despite the benefits of smoke-free legislation on adult health, little is known about its impact on children's health. We examined the effects of tobacco control policies on the rate of emergency department (ED) visits for childhood asthma (N = 128,807), ear infections (N = 288,697), and respiratory infections (N = 410,686) using outpatient ED visit data in Massachusetts (2001 − 2010), New Hampshire ...
In:
Preventive Medicine
89 (2016), S. 278–285
| Summer Sherburne Hawkins, Sylvia Hristakeva, Mark Gottlieb, Christopher F. Baum
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Referierte Aufsätze Web of Science
Single parents and unmarried couples are increasingly replacing the traditional nuclear family. This paper investigates if the greater variety in living arrangements contributes to increased resource disparities among children in Germany. Children in single parent families are disadvantaged in at least three dimensions decisive for their later achievements: material standard of living, parental education, ...
In:
German Economic Review
18 (2017), 3, S. 327-376
| Charlotte Bartels, Maximilian Stockhausen
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Referierte Aufsätze Web of Science
This article investigates the role of food self-provisioning for the intake of nutrients of households in Mongolia. We analyse nutritional outcomes within and across urban wage employees, rural households with small herds, and pastoralists with large herds. Food self-provisioning significantly affects dietary quality and quantity. Farming food crops improves the nutrient intake. In contrast, animal ...
In:
Journal of Development Studies
53 (2017) 8, S. 1303–1322
| Katharina Lehmann-Uschner, Kati Krähnert
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Referierte Aufsätze Web of Science
The upheaval in global crude oil markets and the boom in shale oil production in North America brought scrutiny on the US export ban for crude oil from 1975. The ban was eventually lifted in early 2016. This paper examines the shifts of global trade flows and strategic refinery investments in a spatial, game-theoretic partial equilibrium model. We consider detailed oil supply chain infrastructure with ...
In:
Energy Policy
97 (2016), S. 258-266
| Lissy Langer, Daniel Huppmann, Franziska Holz
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Referierte Aufsätze Web of Science
The paper aims at measuring the general state intervention in rental housing market in Germany from 1913 through 2015. Four policy classes are considered: Incentives for social housing, tenant protection, housing rationing, and rent controls. Based on a legislation analysis, for each class an index measuring the degree of regulation is constructed. The indices reflect dramatic increases in regulations ...
In:
Urban Research and Practice
10 (2017), 3, S. 267-328
| Konstantin A. Kholodilin
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Referierte Aufsätze Web of Science
This paper uses propensity score methods to analyse the effect of involuntary maternal job loss on children's non-cognitive skills. My analyses are based on a rich and nationwide random sample, the German Socio-Economic Panel Study (SOEP) that includes information about maternal job loss and child behaviour and non-cognitive skills, in addition to a rich conditioning set. The results show that maternal ...
In:
Labour Economics
42 (2016), S. 43-63
| Frauke H. Peter
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Referierte Aufsätze Web of Science
Although trust is fundamental to social and organizational functioning, the media often portray managers as distrusting, suggesting that distrust of others is a typical personality variable of successful leaders. This study puts the cliché of the distrustful manager to the test. Both self-report data (N = 32,926) and behavioral data (N = 924) from the German Socio-Economic Panel refute this cliché. ...
In:
European Management Journal
35 (2017), 2, S. 164-173
| Sabine Hommelhoff, David Richter
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Referierte Aufsätze Web of Science
We show that technical indicators deliver stable economic value in predicting the US equity premium over the out-of-sample period from 1966 to 2014. The results tentatively improve over time, and beat alternatives over a large continuum of sub-periods. In contrast, economic indicators work well only until the 1970s, but lose predictive power thereafter, even when considering the last crisis. Translating ...
In:
International Journal of Forecasting
32 (2016), 4, S. 1193-1207
| Fabian Baetje, Lukas Menkhoff
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Referierte Aufsätze Web of Science
To design effective and commonly accepted public health policies against performance-enhancing drugs (PED), it is important to understand general population attitudes. This article elicits PED attitudes in the Berlin population and compares response rates of former athletes (N = 496) with those of non-athletes (N = 1686). In addition, exploiting the natural experiment of the division of Germany, by ...
In:
European Journal of Public Health
26 (2016), 3, S. 520-522
| Gert G. Wagner, Nicolas R. Ziebarth