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Referierte Aufsätze Web of Science
This study examines processes of language acquisition among new immigrants from Poland and Turkey in different European destinations focusing on the first few months after arrival. Starting from a human capital framework, a variety of pre- and post-migration conditions of language learning are addressed, including economic and non-economic incentives, the amount of exposure to the destination language ...
In:
Ethnicities
16 (2016), 2, S. 180-212
| Cornelia Kristen, Peter Mühlau, Diana Schacht
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Referierte Aufsätze Web of Science
To counteract the financial pressure emerging in aging societies, statutory pension schemes are undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This study examines the profitability of pension contributions against the background of this reform for cohorts 1935–1945. Internal rates of return (IRR) ...
In:
German Economic Review
17 (2016), 2, S. 206-233
| Holger Lüthen
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Referierte Aufsätze Web of Science
Our study provides evidence for firms’ evaluation of location quality. We use a 2004 survey of 6,000 East German firms that contained questions on the importance and assessment of 15 different location factors ranging from closeness to customers and suppliers, transport infrastructure, and proximity to research institutions and universities, as well as questions about the local financial institutions ...
In:
Jahrbücher für Nationalökonomie und Statistik
236 (2016), 2, S. 241-273
| Alexander Eickelpasch, Georg Hirte, Andreas Stephan
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Referierte Aufsätze Web of Science
Well-being development at the end of life is often characterized by steep deteriorations, but individual differences in these terminal declines are substantial and not yet well understood. This study moved beyond typical consideration of health predictors and explored the role of social orientation and engagement. To do so, we used social variables at the behavioral level (self-ratings of social participation) ...
In:
Psychology and Aging
31 (2016), 2, S. 149-165
| Denis Gerstorf, Christiane A. Hoppmann, Corinna E. Löckenhoff, Frank J. Infurna, Jürgen Schupp, Gert G. Wagner
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Referierte Aufsätze Web of Science
We discuss at the European example how power market design evolves with increasing shares of intermittent renewables. Short-term markets and system operation have to accommodate for the different needs of renewable and conventional generation assets and flexibility options. This can be achieved by pooling resources over larger geographic areas through common auction platforms, realizing the full flexibility ...
In:
The Energy Journal
37 (2016), SI2, S. 23-38
| Karsten Neuhoff, Sophia Wolter, Sebastian Schwenen
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Referierte Aufsätze Web of Science
We study the information in order flows in the world's largest over-the-counter market, the foreign exchange (FX) market. The analysis draws on a data set covering a broad cross-section of currencies and different customer segments of FX end-users. The results suggest that order flows are highly informative about future exchange rates and provide significant economic value. We also find that different ...
In:
The Journal of Finance
71 (2016), 2, S. 601-633
| Lukas Menkhoff, Lucio Sarno, Maik Schmeling, Andreas Schrimpf
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Referierte Aufsätze Web of Science
This paper examines the relevance of the Lucas critique for euro area money demand. Based on the money in the utility function approach, a vector error correction model is specified to investigate the relationship between money and inflation in times of policy shifts. A well defined equation for money demand is obtained. The results indicate that the evolution of M3 is still in line with money demand. ...
In:
Empirica
43 (2016), 1, S. 61-82
| Christian Dreger, Jürgen Wolters
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Referierte Aufsätze Web of Science
This paper analyzes whether individuals have equal opportunity to achieve happiness (or well-being). We estimate sibling correlations and intergenerational correlations in self-reported life satisfaction, satisfaction with household income, job satisfaction, and satisfaction with health. We find high sibling correlations for all measures of well-being. The results suggest that family background explains, ...
In:
The B.E. Journal of Economic Analysis & Policy
16 (2016), 1, S. 125-149
| Daniel D. Schnitzlein, Christoph Wunder
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Referierte Aufsätze Web of Science
Tax competition for capital has led to a trend where many countries levy lower taxes on interest income, often introducing differential taxation between interest and business income. This study analyzes the effect on firm debt usage. We exploit Germany’s 2009 tax reform, which introduced a final withholding tax on interest income with a flat rate 18 percentage points below the unchanged tax rate on ...
In:
International Tax and Public Finance
23 (2016), 1, S. 48-81
| Frank M. Fossen, Martin Simmler
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Referierte Aufsätze Web of Science
Nonparametric efficiency analysis has become a widely applied technique to support industrial benchmarking as well as a variety of incentive-based regulation policies. In practice such exercises are often plagued by incomplete knowledge about the correct specifications of inputs and outputs. Simar and Wilson (Commun Stat Simul Comput 30(1):159–184, 2001) and Schubert and Simar (J Prod Anal 36(1):55–69, ...
In:
Journal of Productivity Analysis
45 (2016), 1, S. 35-51
| Anne Neumann, Maria Nieswand, Torben Schubert