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Referierte Aufsätze Web of Science
What are the economic effects of a central bank that takes the evolution of house prices into account? In an attempt to answer this question, we use a New Keynesian dynamic stochastic general equilibrium model with a housing sector to explore the economic impacts of a central bank reacting to house price inflation. We examine this in the context of two different shocks that are associated with two ...
In:
Journal of Housing Economics
26 (2014), S. 119-125
| Guido Baldi
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Referierte Aufsätze Web of Science
Applying a financial assets approach, we analyze the returns and earnings risk of investments into different types of human capital. Even though the returns from investing in human capital are extensively studied, little is known about the properties of the returns to different types of human capital within a given educational path. Using information from the German Micro Census, we estimate the risk ...
In:
Economics of Education Review
42 (2014), S. 109-129
| Daniela Glocker, Johanna Storck
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Referierte Aufsätze Web of Science
Economic disparity between ethnic groups is sometimes supposed to be the main driver of ethnic conflict. Understanding the extent and the sources of such disparity is then important to help formulate policies that aim at avoiding further conflict. This paper analyzes economic disparity between Kyrgyz and Uzbeks in southern Kyrgyzstan. These groups were involved in violent clashes in the recent past. ...
In:
Journal of Comparative Economics
42 (2014), Iss. 4, S. 970-982
| Damir Esenaliev, Susan Steiner
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Referierte Aufsätze Web of Science
Other-regarding preferences in adults have been examined in depth in the literature. Research has shown that spiteful preferences play a crucial role in the development of human large-scale cooperation. However, there is little evidence of the factors explaining spiteful behavior in children. We investigate the relationship between children’s cognitive skills and spiteful behavior in a sample of 214 ...
In:
Journal of Economic Psychology
45 (2014), S. 154-167
| Elisabeth Bügelmayer, C. Katharina Spieß
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Referierte Aufsätze Web of Science
Based on data from the Panel Study of Income Dynamics and the Socio-economic Panel, we study the class mobility of three concurrent generations in the U.S. and Germany. We find that, in both countries, the grandfathers’ class is directly associated with their grandchildren's social position. We propose three possible mechanisms which could explain the observed multigenerational mobility patterns. First, ...
In:
Research in Social Stratification and Mobility
35 (2014), S. 35-42
| Florian R. Hertel, Olaf Groh-Samberg
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Referierte Aufsätze Web of Science
Using a sample of Europeans aged 50+ from 12 countries in the Survey of Health, Ageing and Retirement in Europe (SHARE), we analyse the role of poor material conditions as a determinant of changes in health over a four- to five-year period. We find that poverty defined with respect to relative income has no effect on changes in health. However, broader measures of poor material conditions, such as ...
In:
Social Science & Medicine
116 (2014), S. 202-210
| Maja Adena, Michal Myck
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Referierte Aufsätze Web of Science
Assessing and quantifying the impacts of technological, economic, and policy shifts in the global energy system require large-scale numerical models. We propose a dynamic multi-fuel market equilibrium model that combines endogenous fuel substitution within demand sectors and in power generation, detailed infrastructure capacity constraints and investment, as well as strategic behaviour and market power ...
In:
Energy
75 (2014), S. 483-500
| Daniel Huppmann, Ruud Egging
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Referierte Aufsätze Web of Science
The increasing utilization of renewable energy sources (RES) is a major energy policy strategy in many countries worldwide. Germany is a forerunner in the deployment of RES and has ambitious goals for the future. The support and use of renewables affects the economy: It creates business opportunities in sectors producing renewable energy facilities, but comes with costs related to supporting its deployment. ...
In:
Renewable and Sustainable Energy Reviews
40 (2014), S. 1070-1080
| Jürgen Blazejczak, Frauke G. Braun, Dietmar Edler, Wolf-Peter Schill
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Referierte Aufsätze Web of Science
While some scholars interpret the frequently documented association between age and the strength of party identification as evidence of accumulated political learning, others stress the importance of critical life stages. Germany's turbulent last century, with its suspensions of democratic processes, provides the unique opportunity to empirically disentangle both effects and to also study the consequences ...
In:
Electoral Studies
33 (2014), S.90-101
| Martin Kroh
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Referierte Aufsätze Web of Science
Bank debt guarantees have traditionally been viewed as costless measures to prevent bank runs. However, as recent experiences in some European countries have demonstrated, guarantees may link the coordination problems of bank and sovereign creditors and induce a functional interdependence between the likelihoods of a government default and bank illiquidity. Employing a global-game approach, we model ...
In:
Journal of Banking & Finance
45 (2014), S. 321-337
| Philipp König, Kartik Anand, Frank Heinemann