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Referierte Aufsätze Web of Science
In light of the recent interest in using longitudinal panel data to study personality development, it is important to know if personality traits are related to panel attrition. We analyse the effects of personality on panel drop-out separately for an ‘older’ subsample (started in 1984), a relatively ‘young’ subsample (started in 2000), and a ‘new’ subsample (started in 2009) of the German Socio-Economic ...
In:
Journal of Research in Personality
53 (2014), S. 31-35
| David Richter, John Körtner, Denise Saßenroth
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Referierte Aufsätze Web of Science
We analyze the transmission of the 2007 to 2009 financial crisis to 415 country-industry equity portfolios. We use a factor model to predict crisis returns, defining unexplained increases in factor loadings and residual correlations as indicative ofcontagion. While we find evidence of contagion from the United States and the global financial sector, the effects are small. By contrast, there has been ...
In:
The Journal of Finance
69 (2014), No.6, S. 2597-2649
| Geert Bekaert, Michael Ehrmann, Marcel Fratzscher, Arnaud Mehl
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Referierte Aufsätze Web of Science
We employ German social security records to investigate intragenerational lifetime earnings inequality and mobility of yearly earnings for 35 cohorts, starting with the birth year 1935. Our main result is a striking secular rise of intragenerational inequality in lifetime earnings: West German men born in the early 1960s are likely to experience about 85% more lifetime inequality than their fathers. ...
In:
Journal of Labor Economics
33 (2015) No. 1, S. 171-208
| Timm Bönke, Giacomo Corneo, Holger Lüthen
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Referierte Aufsätze Web of Science
This study assesses whether the international monetary system is already tri-polar by testing what we call China's ‘dominance hypothesis’, i.e. whether the renminbi already influences exchange rate and monetary policies strongly in Asia, a direct reference to the old ‘German dominance hypothesis’ which ascribed to the German mark a dominant role in Europe in the 1980s. Using a global factor model of ...
In:
The Economic Journal
124 (2014), Iss. 581, S. 1343-1370
| Marcel Fratzscher, Arnaud Mehl
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Referierte Aufsätze Web of Science
Distributed energy resources allow for new business models that have the potential to substantially change today's power system functioning paradigm. In particular, these changes pose challenges for distribution system operators (DSOs) and their regulation alike. This article sheds light on missing aspects in current regulation, recognizing DSOs as regulated monopolies, but also as key players along ...
In:
Utilities Policy
31 (2014), S. 229-237
| Sophia Rüster, Sebastian Schwenen, Carlos Batlle, Ignacio Pérez-Arriaga
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Referierte Aufsätze Web of Science
Taking a quarter-century to build Europe's internal market for electricity may seem an incredibly long journey. The aim of achieving a Europe-wide market might be reached, but it has involved – and continues to involve – a process subject to many adverse dynamics. The EU internal market may derail greatly in the coming years from the effects of a massive push for renewables, as well as a growing decentralization ...
In:
Utilities Policy
31 (2014), S. 221-228
| Jean-Michel Glachant, Sophia Rüster
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Weitere referierte Aufsätze
Gemäß der Social Isolation Hypothesis ist davon auszugehen, dass sozial isolierte Personen weniger bereit sind an Umfragen teilzunehmen. Auf dieser Grundlage wird argumentiert, dass vor allem subjektiv empfundene soziale Isolation, wie sie im psychologischen Konzept von Einsamkeit berücksichtigt wird, die Teilnahmebereitschaft in Umfragen beeinflusst und dass Einsamkeit von Persönlichkeitseigenschaften ...
In:
Methoden, Daten, Analysen
6 (2012), 1, S. 21-44
| Denise Saßenroth
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Referierte Aufsätze Web of Science
This paper deals with the question of whether the capability of car drivers to estimate the cost of a new hypothetical, highly differentiated congestion charge influences their decision to change travel behaviour. The analysis makes use of an integrated choice and latent variable model (ICLV) which merges classic choice models with the structural equation approach (SEM) for latent variables. This hybrid ...
In:
Transportation Research Part A: Policy and Practice
71 (2015), S. 96-109
| Heike Link
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Weitere referierte Aufsätze
In the following, we present the earliest input-output table for Germany: It covers 40 economic branches, five final demand categories and five primary inputs. The symmetric table for 1936 is completely based on original statistical data and does not rely on separate supply and use tables. The core of our endeavour is based on the German industrial census of 1936. Originally, this census and its forerunner ...
In:
Jahrbuch für Wirtschaftsgeschichte ; 55, 2
55 (2014), 2, S. 187–298
| Rainer Fremdlig, Reiner Stäglin
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Weitere referierte Aufsätze
As current policy frameworks are expiring soon, the EU is revisiting its energy technology policy for the post-2020 horizon. The main long-run objective for energy technology policy is to foster the achievement of ambitious EU goals for decarbonisation. We discuss how European energy technology policy towards 2050 can be effective despite: 1) uncertain carbon prices; 2) uncertain technological change; ...
In:
International Journal of Energy Technology and Policy
9 (2013), 2, S. 160-174
| Sophia Rüster, Sebastian Schwenen, Matthias Finger, Jean-Michel Glachant
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Referierte Aufsätze Web of Science
The benefits of dual apprenticeship programs are usually discussed in the context of reducing structural unemployment rates, especially among the young. Related to this, the long-run benefits of dual apprenticeship programs are extensively analyzed in the literature. However, empirical evidence regarding the short-run effects of the business cycle on the number of apprenticeships is scarce. In this ...
In:
Journal of Labor Research
35 (2014), Iss. 4, 412-422
| Guido Baldi, Imke Brüggemann-Borck, Thore Schlaak
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Referierte Aufsätze Web of Science
What are the economic effects of a central bank that takes the evolution of house prices into account? In an attempt to answer this question, we use a New Keynesian dynamic stochastic general equilibrium model with a housing sector to explore the economic impacts of a central bank reacting to house price inflation. We examine this in the context of two different shocks that are associated with two ...
In:
Journal of Housing Economics
26 (2014), S. 119-125
| Guido Baldi
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Referierte Aufsätze Web of Science
Despite high economic growth during the past decades, China is still vulnerable to shocks arising from industrial states. The advanced economies strongly influence Chinese export performance, with subsequent effects on output growth. Using a production function, this article examines to which extent regional GDP growth in China is export driven. In a panel of 28 Chinese provinces, series are splitted ...
In:
Applied Economics
46 (2014), 35, S. 4302-4308
| Christian Dreger, Yanqun Zhang
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Referierte Aufsätze Web of Science
We empirically derive the welfare effects of a shift from joint to individual taxation of married households in Germany. For the welfare evaluation we estimate the preference heterogeneity and use normative welfare concepts proposed by Fleurbaey (2006) to address the difficulties of comparison between and aggregation of heterogeneous agents. Our results suggest that the normative choice of the welfare ...
In:
Finanzarchiv
70 (2014), 4, S. 599-624
| André Decoster, Peter Haan
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Referierte Aufsätze Web of Science
Long-run restrictions have been used extensively for identifying structural shocks in vector autoregressive (VAR) analysis. Such restrictions are typically just-identifying but can be checked by utilizing changes in volatility. This paper reviews and contrasts the volatility models that have been used for this purpose. Three main approaches have been used, exogenously generated changes in the unconditional ...
In:
Journal of Economic Surveys
30 (2016), 2, S. 377-392
| Helmut Lütkepohl, Anton Velinov
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Referierte Aufsätze Web of Science
Applying a financial assets approach, we analyze the returns and earnings risk of investments into different types of human capital. Even though the returns from investing in human capital are extensively studied, little is known about the properties of the returns to different types of human capital within a given educational path. Using information from the German Micro Census, we estimate the risk ...
In:
Economics of Education Review
42 (2014), S. 109-129
| Daniela Glocker, Johanna Storck
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Referierte Aufsätze Web of Science
In 1988 Basil Moore published his book Horizontalists and Verticalists: The Macroeconomics of Credit Money, which this year celebrates its 25th birthday. We discuss this book from today's perspective, and in particular whether Moore's main assertions have been validated or rejected by the development of central bank practice and academic monetary economics. We find that the book has impressively stood ...
In:
Review of Keynesian Economics
1 (2013), 4, S. 383-390
| Ulrich Bindseil, Philipp König
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Referierte Aufsätze Web of Science
The use of log-transformed data has become standard in macroeconomic forecasting with VAR models. However, its appropriateness in the context of out-of-sample forecasts has not yet been exposed to a thorough empirical investigation. With the aim of filling this void, a broad sample of VAR models is employed in a multi-country set up and approximately 42 million pseudo-out-of-sample forecasts of GDP ...
In:
Economics Letters
126 (2015), S. 40-42
| Johannes Mayr, Dirk Ulbricht
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Referierte Aufsätze Web of Science
Despite numerous studies on skill development, we know little about the effects of extracurricular music activities on cognitive and non-cognitive skills. This study examines how music training during childhood and youth affects the development of cognitive skills, school grades, personality, time use and ambition using data from the German Socio-Economic Panel (SOEP). Our findings suggest that adolescents ...
In:
Economics of Education Review
44 (2015), S. 56–82
| Adrian Hille, Jürgen Schupp
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Weitere referierte Aufsätze
Efforts to combat terrorism have become a priority in the security agenda of most countries around the world, while the respective policies, tools and instruments have amounted to significant costs. In this article, we review the literature on counterterrorism (CT) effectiveness and draw a series of rather negative conclusions with regard to the reliability of our knowledge in this area. We find that ...
In:
Critical Studies on Terrorism
8 (2015), 2, S. 229-245
| Eric van Um, Daniela Pisoiu