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Referierte Aufsätze Web of Science
Enriched environments elicit brain plasticity in animals. In humans it is unclear which environment is enriching. Living in a city has been associated with increased amygdala activity in a stress paradigm, and being brought up in a city with increased pregenual anterior cingulate cortex (pACC) activity. We set out to identify geographical characteristics that constitute an enriched environment affecting ...
In:
Scientific Reports
7 (2017), 11920, 8 S.
| Christian Krekel, Jan Goebel, Henry Wüstemann, Sandra Düzel, Peter Eibich, Simone Kühn
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Referierte Aufsätze Web of Science
Despite increasing access to university education, students from disadvantaged or non-academic family backgrounds are still underrepresented in universities. In this regard, the economics literature has focused on the role of financial constraints as a cause of these observed differences in educational choices. Our knowledge of potential effects of other constraints regarding university education is ...
In:
Economics of Education Review
60 (2017), S. 125-141
| Frauke H. Peter, Vaishali Zambre
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Referierte Aufsätze Web of Science
Using panel data from the UK, we study the long-term effect of purchase decisions of automobiles on individuals’ happiness. We find a significant and sizable decrease in individual happiness in the years after a car purchase. We develop a model of hedonic adaptation that can explain these results. Applying the model to the data indicates a strong degree of habit persistence of around 80%, and that ...
In:
Journal of Economic Psychology
61 (2017), S. 29-38
| Johannes Emmerling, Salmai Qari
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Referierte Aufsätze Web of Science
In structural vector autoregressive analysis identifying the shocks of interest via heteroskedasticity has become a standard tool. Unfortunately, the approaches currently used for modeling heteroskedasticity all have drawbacks. For instance, assuming known dates for variance changes is often unrealistic while more flexible models based on GARCH or Markov switching residuals are difficult to handle ...
In:
Journal of Economic Dynamics & Control
84 (2017), S. 43-57
| Helmut Lütkepohl, Aleksei Netsunajev
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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
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
This paper investigates the impact of changes in environmental policy stringency on industry- and firm-level productivity growth in a panel of OECD countries. To test the strong version of the Porter Hypothesis (PH), we extend a neo-Schumpeterian productivity model to allow for effects of environmental policies. We use a new environmental policy stringency (EPS) index and let the effect of countries׳ ...
In:
Journal of Environmental Economics and Management
81 (2017), S. 209-226
| Silvia Albrizio, Tomasz Kozluk, Vera Zipperer
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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
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
Lifespan research has long been interested in how contexts shape individual development. Using the separation and later reunification of Germany as a kind of natural experiment we examine whether and how living and dying in the former East or West German context has differentially shaped late-life development of well-being. We apply multi-level growth models to annual reports of life satisfaction collected ...
In:
International Journal of Behavioral Development
41 (2017), 1, S. 115-126
| Nina Vogel, Denis Gerstorf, Nilam Ram, Jan Goebel, Gert G. Wagner