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Referierte Aufsätze Web of Science
Well-being (life satisfaction or happiness) is a latent variable that is impossible to observe directly. Moreover, it does not have a unit of measurement. Hence, survey questionnaires usually ask people to rate their well-being in different domains. The common practice of comparing well-being by means of averages or linear regressions ignores the fact that well-being is an ordinal variable. Since data ...
In:
European Economic Review
92 (2017), S. 337-358
| Carsten Schröder, Shlomo Yitzhaki
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Referierte Aufsätze Web of Science
Do increased instruction hours improve the performance of all students? Using PISA scores of students in ninth grade, we analyse the effect of a German education reform that increased weekly instruction hours by two hours (6.5 percent) over almost five years. In the additional time, students are taught new learning content. On average, the reform improves student performance. However, treatment effects ...
In:
Labour Economics
47 (2017), S. 15-34
| Mathias Huebener, Susanne Kuger, Jan Marcus
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Referierte Aufsätze Web of Science
Is it possible to compress instruction time into fewer school years without lowering education levels? A fundamental reform in Germany reduced the length of academic track schooling by one year, while increasing instruction hours in the remaining school years to provide students with a very similar core curriculum and the same overall instruction time. Using aggregated administrative data on the full ...
In:
Economics of Education Review
58 (2017), S. 1-14
| Mathias Hübener, Jan Marcus
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Referierte Aufsätze Web of Science
Constrained transmission capacity in electricity networks may give generators the possibility to game the market by specifically causing congestion and thereby appropriating excessive rents. Investment in network capacity can ameliorate such behavior by reducing the potential for strategic behavior. However, modeling Nash equilibria between generators, which explicitly account for their impact on the ...
In:
Networks and Spatial Economics
17 (2017), 2, S. 611-644
| Alexander Zerrahn, Daniel Huppmann
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Referierte Aufsätze Web of Science
This paper tests whether an increase in insured deposits causes banks to become more risky. We use variation introduced by the U.S. Emergency Economic Stabilization Act in October 2008, which increased the deposit insurance coverage from $100,000 to $250,000 per depositor and bank. For some banks, the amount of insured deposits increased significantly; for others, it was a minor change. Our analysis ...
In:
Journal of Financial Intermediation
29 (2017), S. 81-102
| Claudia Lambert, Felix Noth, Ulrich Schüwer
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Referierte Aufsätze Web of Science
Throughout the world, governments foster the deployment of wind power to mitigate negative externalities of conventional electricity generation, notably CO2 emissions. Wind turbines, however, are not free of externalities themselves, particularly interference with landscape aesthetics. We quantify these negative externalities using the life satisfaction approach. To this end, we combine household data ...
In:
Journal of Environmental Economics and Management
82 (2017), S. 221-238
| Christian Krekel, Alexander Zerrahn
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Referierte Aufsätze Web of Science
We compare seven established risk elicitation methods and investigate how robustly they explain eleven kinds of risky behavior with 760 individuals. Risk measures are positively correlated; however, their performance in explaining behavior is heterogeneous and, therefore, difficult to assess ex ante. Greater diversification across risk measures is conducive to closing this knowledge gap. What we find ...
In:
Journal of Economic Psychology
59 (2017), S. 59-86
| Lukas Menkhoff, Sahra Sakha
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Referierte Aufsätze Web of Science
In Germany, the respondents who had participated in the 2012 survey of the Programme for the International Assessment of Adult Competencies (PIAAC) were re-approached for the panel study PIAAC-L. PIAAC-L aims at investigating the longitudinal effects of skill outcomes over the life course and the development of the key skills assessed in PIAAC. Moreover, additional and alternative background information ...
In:
Large-Scale Assessment in Education
5 (2017), 11 S.
| Beatrice Rammstedt, Silke Martin, Anouk Zabal, Claus Carstensen, Jürgen Schupp
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Referierte Aufsätze Web of Science
Socioeconomic status (SES) and health during childhood have been consistently observed to be associated with health in old age in many studies. However, the exact mechanisms behind these two associations have not yet been fully understood. The key challenge is to understand how childhood SES and health are associated. Furthermore, data on childhood factors and life course mediators are sometimes unavailable, ...
In:
Advances in Life Course Research
31 (2017), S. 1-10
| Eduwin Pakpahan, Rasmus Hoffmann, Hannes Kröger
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Referierte Aufsätze Web of Science
The paper analyzes the integration of euro area sovereign bond markets during the European sovereign debt crisis. It tests for contagion (i.e., an intensification in the transmission of shocks across countries), fragmentation (a reduction in spillovers) and flight-to-quality patterns, exploiting the heteroskedasticity of intraday changes in bond yields for identification. The paper finds that euro ...
In:
Journal of International Money and Finance
70 (2017), S. 26-44
| Michael Ehrmann, Marcel Fratzscher