Externe referierte Aufsätze

The Impact of Liquidity and Capital Requirements on Lending and Stability of African Banks

We assess whether compliance with Basel III’s main requirements, the Net Stable Funding Ratio (NSFR) and the risk-weighted Total Capital Ratio (TCR), matters for lending and stability of African banks. Banks with an NSFR or a TCR of at least the required minimum are defined as treatment group in the endogenous treatment estimations. Our results reveal that African banks complying with the capital threshold ...

Inflation Targeting as a Shock Absorber

We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of countries. To overcome an endogeneity problem between monetary regimes and the likelihood of crises, we propose to study large natural disasters. We find that inflation targeting improves macroeconomic performance following such exogenous shocks. It lowers inflation, raises output growth, ...

Preferences for Nuclear Power in Post-Fukushima Japan: Evidence from a Large Nationwide Household Survey

Utilizing the data of a large nationwide household survey conducted in 2014, we investigatepublic preferences on nuclear power in Japan after the Fukushima nuclear accident and the role offour sets of factors: (1) household/individual socioeconomic characteristics, (2) psychological status,(3) geographical aspects, and (4) Fukushima accident-related experiences. The preferred energy mix,according to ...

Gross Employment Effects in the Renewable Energy Industry in Germany: An Input–Output Analysis from 2000 to 2018

The purpose of this paper is to provide detailed insights into an approach to measure gross employment of the renewable energy (RES) industry in Germany in order to improve transparency and comparability. The method applied for the assessment of gross employment figures follows the input–output (IO) modeling approach and covers direct as well as indirect employment effects.All-in-all, four different ...

Structural Vector Autoregressive Models with More Shocks Than Variables Identified via Heteroskedasticity

In conventional structural vector autoregressive models it is assumed that there are at most as manystructural shocks as there are variables in the model. It is pointed out that heteroskedasticity can beused to identify more shocks than variables. Results are provided that allow a researcher to assesshow many shocks can be identified from specific forms of heteroskedasticity.

Understanding Day Care Enrolment Gaps

We document gaps in day care enrolment by family background in a country with a universal day care system (Germany). Research demonstrates that children of parents with lower educational attainment and children of migrant parents may benefit the most from day care, making it important to understand why such enrolment gaps exist. We use a unique data set that records both parental demand for day care ...

Die Ungleichheit von Lebenserwerbseinkommen

Local Fiscal Policies and Their Impact on the Number and Spatial Distribution of New Firms

We examine the effect of local business taxation and local public good and service (PIGS) provision on the number and spatial distribution of new firms. Testing ground is Germany and we rely on the universe of firm foundations between 1998 and 2006. Methodologically, we estimate fixed effects poisson models coupled with a control function approach. The results suggest that a 1%-decrease in the business ...

How Important Are Local Knowledge Spillovers of Public R&D and What Drives Them?

This paper analyzes the magnitude of local knowledge spillovers of public R&D in Germany and its determinants using patent application data. We identify three distinct transmission channels. First, firms file more patent applications when collaborating with (local) public institutions. Second, firms file more patent applications when citing a public patent. Third, local public R&D seems to increase ...

Dehydration Predicts Longitudinal Decline in Cognitive Functioning and Well-Being Among Older Adults

Adequate hydration is essential for health, with even mild forms of dehydration often having negative effects on cognition and well-being. Despite evidence of higher risk for dehydration among older adults, links between dehydration and cognitive or well-being outcomes have not been established in old age. In this study, we used longitudinal data from the Berlin Aging Study II (age range 60–89) to ...

An Auction Story: How Simple Bids Struggle with Uncertainty

Short-term electricity markets are key to an efficient production by generation units. We develop a two-period model to assess different bidding formats to determine for each bidding format the optimal bidding strategy of competitive generators facing price-uncertainty. We compare the results for simple bidding, block bidding and multi-part bidding. We find that even under optimal simple and block ...

Distributive Justice in Marriage: Experimental Evidence on Beliefs about Fair Savings Arrangements

Objective This study examines fairness perceptions of experimentally manipulated savings arrangements in couples (i.e., distribution of control and ownership of savings) to identify distributive justice principles in marriage.Background Theoretically, competing norms about individual ownership rights and autonomy (equity principle) and marital sharing (equality principle) in interaction with gender ...

Social Status Concerns and the Political Economy of Publicly Provided Private Goods

We analyse the political economy of the public provision of private goods when individuals care about their social status. Status concerns motivate richer individuals to vote for the public provision of goods they themselves buy in markets: a higher provision level attracts more individuals to the public sector, enhancing the social exclusivity of market purchases. Majority voting may lead to a public ...

Do Adult Men and Women in Same-Sex Relationships Have Weaker Ties to Their Parents?

Using a national sample of people in same-sex relationships (N = 843) and different-sex relationships (N = 510) in the Netherlands, we examine the frequently discussed but infrequently tested hypothesis of weaker intergenerational ties between parents and their adult daughters and sons in same-sex relationships. We also test hypotheses linking the strength of these ties to gender differences and the ...

What Determines the Elasticity of Substitution between Capital and Labor? A Literature Review

This paper provides the first comprehensive review of the empirical and theoretical literature on the determinants of the elasticity of substitution between capital and labor. Our focus is on the two-input constant elasticity of substitution (CES) production function. We start by presenting four concise observations that summarize the empirical literature on the estimation of σ. Motivated by these observations, ...

Pädagogische Konzeptionen von Kindertageseinrichtungen: Deskription eines pädagogischen Instruments

owohl die Praxisliteratur zum Einrichtungsmanagement als auch der Gesetzgeber sehen pädagogische Konzeptionen als ein probates Mittel zur Steuerung der Qualität von Kindertageseinrichtungen. Die vorliegende Studie untersuchte 583 Kita-Konzeptionen von Einrichtungen aus ganz Deutschland mithilfe eines neu entwickelten Codierschemas und quantitativen Analysemethoden. Im Zentrum stehen zwei Fragen: erstens ...

Using Difference-in-Differences to Identify Causal Effects of COVID-19 Policies

Policymakers have implemented a wide range of non-pharmaceutical interventions to fight the spread of COVID-19. Variation in policies across jurisdictions and over time strongly suggests a difference-in-differences (DD) research design to estimate causal effects of counter-COVID measures. We discuss threats to the validity of these DD designs and make recommendations about how researchers can avoid ...

Modeling of Combined Heat and Power Generation in the Context of Increasing Renewable Energy Penetration

Combined heat and power (CHP) can achieve fuel efficiencies of up to 90% and is thus considered as economically advantageous and ecologically sound compared to uncoupled power and heat generation. This advantage is exploited only if CHP plants are operated as much as possible at their optimal operation point. Increasing penetration by variable renewable energy sources and more flexible technologies ...

Long-Term, Multicountry Perspective on Rental Market Regulations

This study introduces a new international longitudinal database of governmental rental market regulations. The regulations are measured using binary variables based on a thorough analysis of real-time, country-specific legislation. Three major restrictive policies are considered: rent control, protection from restriction, and housing rationing. The database covers 101 countries and states between 1910 ...

Where is the Consumer Center? A Case of St. Petersburg

In an urban economy, the distribution of people and real estate prices depends on the location of the central business district of a city. As distance from the city center increases, both prices and population density diminish, for travel costs increase in terms of time and money. As manufacturing gradually leaves the cities, the importance of consumer amenities as attractors of population to the urban ...