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Integrating Out Natural Disaster Shocks

We study the role of international financial integration in buffering natural disaster shocks, using a large sample of advanced and emerging economies. Natural disasters are largely unpredictable and unrelated to the state of financial integration. We document that integration improves the absorption of such shocks: Output, consumption, and investment are significantly higher after a natural disaster ...

One‐Way Versus Two‐Way Postacquisition Integration Efforts: Theory and Evidence

We develop a theory of postacquisition integration that distinguishes between one-way (acquirer-only) and two-way (mutual) effort strategies. We argue that the method of payment—cash versus shares—may serve as an ex ante commitment mechanism to a particular integration strategy, where cash deals align with unilateral effort, and share deals induce mutual engagement. Using transaction-level mergers ...

Cross-national Differences in Socioeconomic Achievement Inequality in Early Primary School: The Role of Parental Education and Income in Six Countries

This paper presents comparative information on the strength of the association between socioeconomic status (SES) and literacy skills at ages 6–8, drawing on data from France, Germany, Japan, Rotterdam (Netherlands), the United Kingdom, and the United States. We investigate whether the strength of the association between SES and literacy skills in early-to-mid childhood depends on the operationalization ...

Spatial Competition and Pass-through of Fuel Taxes: Evidence from a Quasi-natural Experiment in Germany

This paper analyses determinants of pass-through for Germany’s 2022 temporary fuel discount at its implementation and subsequent termination. Based on a unique dataset of fuel station characteristics and prices, we employ a two-stage Regression Discontinuity in Time (RDiT) methodology to estimate spatial passthrough variation. Our findings indicate that horizontal and vertical market structures exert ...

Baseload Power Plants Are Not Essential for Future Power Systems

The transition to decarbonized energy systems has fueled a controversial debate over the necessity of traditional ‘‘baseload’’ power. Skepticism remains regarding the reliability and economic feasibility of power systems relying mainly on cheap variable renewable energy (VRE) sources. Addressing this, the German Academies’ project ‘‘Energy Systems of the Future’’ (ESYS) analyzed the role of baseload ...

Exploring Integration and Migration Dynamics: The Research Potentials of a Large-Scale Longitudinal Household Study of Refugees in Germany

Forced migration has intensified in the 21st century, driven by conflicts, persecution, and political instability in regions such as the Middle East, Afghanistan, the Horn of Africa, South-East Asia, Latin America and, most recently, Ukraine. Germany has become a primary destination for refugees within the European Union and one of the largest among the OECD countries. The IAB-BAMF-SOEP Refugee Survey, ...

A Co-Creation Approach to Selecting and Adapting Adolescent Tobacco and Air-Pollution Interventions and Strategies for Implementation in Diverse Countries: Insights from FRESHAIR4life

Background : Evidence-based interventions to reduce adolescents’ exposure to tobacco and air pollution are rarely implemented in low- and middle-income countries, often because they lack contextual fit. The ‘FRESHAIR4Life’ project aimed to optimise implementation of contextually adapted, evidence-based interventions in Greece, Kyrgyzstan, Pakistan, Romania, and Uganda. Selecting appropriate interventions ...

Social Origin, the Class Ceiling in Earnings, and Job Task Segregation: Evidence from Germany

Social class origin is closely linked to individuals' labor market outcomes. This study examines the class ceiling—the earnings disadvantage that those from lower-class origins experience within higher-class occupations. We propose that job task segregation, i.e., the non-random selection into different task profiles within granular occupations, contributes to the class ceiling. We study these dynamics ...

Author Correction: Long-duration Electricity Storage Needs for Coping with Dunkelflaute Events in Europe

Navigating Uncertainty: Do Communicable Diseases Influence Risk Preferences?

This paper explores the effect of COVID-19 infection rates on individuals’ risk preferences using the Socio-Economic Panel (SOEP), a large population-wide ran¬dom sample. Exploiting county-level variation in a difference-in-differences design, we find that risk preferences remain unchanged: the effect is precisely estimated at 2.1% of a standard deviation (95% CI: [−0.4%, +4.6%]), ruling out economically ...