-
Referierte Aufsätze Web of Science
This paper argues that the development of energy systems rests on a combination of three different domains of socio-economic processes and associated modes of decision-making. For shorthand these are termed ‘satisficing’, ‘optimising’, and ‘transforming’ domains, with corresponding underpinnings found in behavioural, neoclassical, and evolutionary economics respectively. Each domain operates at different ...
In:
Technological Forecasting & Social Change
98 (2015), S. 290-302
| Michael Grubb, Jean-Charles Hourcade, Karsten Neuhoff
-
Referierte Aufsätze Web of Science
This paper investigates the mechanisms behind the health effects of retirement. Using a Regression Discontinuity Design to exploit financial incentives in the German pension system for identification, I find that retirement improves subjective health status and mental health, while also reducing outpatient care utilization. I explore a wide range of health behaviors, time use, and effect heterogeneity ...
In:
Journal of Health Economics
43 (2015), S. 1-12
| Peter Eibich
-
Referierte Aufsätze Web of Science
Parental leave and subsidized child care are prominent examples of family policies supporting the reconciliation of family life and labor market careers for mothers. In this paper, we combine different empirical strategies to evaluate the employment effects of these policies for mothers with young children. In particular we estimate a structural labor supply model and exploit quasi-experimental variation ...
In:
Labour Economics
36 (2015), S. 84-98
| Johannes Geyer, Peter Haan, Katharina Wrohlich
-
Referierte Aufsätze Web of Science
Whilst congestion in automobile traffic increases trip durations, this is often not the case in rail-based public transport where congestion rather leads to in-vehicle crowding, often neglected in empirical studies. Using original survey data from Paris, this article assesses the distribution of comfort costs of congestion in public transport. Estimating willingness to pay for less crowded trips at ...
In:
Transportation Research Part A: Policy and Practice
77 (2015), 182-201
| Luke Haywood, Martin Koning
-
Referierte Aufsätze Web of Science
Bond excess returns can be predicted by macro factors, however, large parts remain still unexplained. We apply a novel term structure model to decompose bond excess returns into expected excess returns (risk premia) and the innovation part. In order to explore these risk premia and innovations, we complement macro variables by financial condition variables as possible determinants of bond excess returns. ...
In:
Journal of Banking & Finance
58 (2015), S. 80-94
| Christoph Fricke, Lukas Menkhoff
-
Referierte Aufsätze Web of Science
The energy efficiency of the residential housing stock plays a key role in strategies to mitigate climate change and global warming. In this context, it is frequently argued that private investment and the quality of thermal upgrades are too low in the light of the challenges faced and the potential energy cost savings. While many authors address the potential barriers for investors to increase energy ...
In:
Energy Economics
50 (2015), S. 240-250
| Claus Michelsen, Sebastian Rosenschon, Christian Schulz
-
Referierte Aufsätze Web of Science
This paper studies the role of paternal risk attitudes in sons’ long-run education outcomes and in the intergenerational transmission of incomes and education. Based on 1984–2012 German Socio-Economic Panel Study data of sons and fathers, I show that fathers’ risk aversion is inversely related to sons’ long-run levels of education. A quasi-experimental setting provides no evidence for reverse causality. ...
In:
Economics of Education Review
47 (2015), S. 64-79
| Mathias Huebener
-
Referierte Aufsätze Web of Science
The paper analyzes the effects of changes to regulatory policy and to monetary policy on cross-border bank lending since the global financial crisis. Cross-border bank lending has decreased, and the home bias in the credit portfolio of banks has risen sharply, especially among banks in the euro area. Our results suggest that expansionary monetary policy in the source countries – as measured by the ...
In:
Journal of International Money and Finance
52 (2015), 32-59
| Franziska Bremus, Marcel Fratzscher
-
Referierte Aufsätze Web of Science
The scapegoat theory of exchange rates (2 and 5) suggests that market participants may attach excessive weight to individual economic fundamentals, which are picked as “scapegoats” to rationalize observed currency fluctuations at times when exchange rates are driven by unobservable shocks. Using novel survey data that directly measure foreign exchange scapegoats for 12 exchange rates, we find empirical ...
In:
Journal of Monetary Economics
70 (2015), 1-21
| Marcel Fratzscher, Dagfinn Rime, Lucio Sarno, Gabriele Zinna
-
Referierte Aufsätze Web of Science
Excessive alcohol consumption among young people is a major public health concern. On March 1, 2010, the German state of Baden-Württemberg banned the sale of alcoholic beverages between 10 pm and 5 am at off-premise outlets (e.g., gas stations, kiosks, supermarkets). We use rich monthly administrative data from a 70% random sample of all hospitalizations during the years 2007–2011 in Germany in order ...
In:
Journal of Public Economics
123 (2015), S. 55-77
| Jan Marcus, Thomas Siedler