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Access to Digital Finance: Equity Crowdfunding across Countries and Platforms

Financing entrepreneurship spurs innovation and economic growth. Digital financial platforms that crowdfund equity for entrepreneurs have emerged globally, yet they remain poorly understood. We model equity crowdfunding in terms of the relationship between the number of investors and the amount of money raised per pitch. We examine heterogeneity in the average amount raised per pitch that is associated ...

The Internationalisation of R&D: Past, Present and Future

In this perspective paper we discuss major trends that will shape the internationalisation of business R&D in the future. New scientific discoveries will provide new opportunities to innovate; the growing scientific capabilities in emerging economies will create new hot spots for relevant knowledge; new research activities will emerge from the need to combat climate change; digital technologies including ...

German Financial State Aid during Covid-19 Pandemic: Higher Impact among Digitalized Self-Employed

The EU Sustainable Finance Taxonomy and Its Contribution to Climate Neutrality

The EU Taxonomy is the first standardised and comprehensive classification system for sustainable economic activities. It covers activities responsible for up to 80% of EU greenhouse gas emissions and may play an important role in channelling investments into low-carbon technologies by helping investors to make informed decisions. However, especially in transition sectors much depends on the stringency ...

Adding Household Surveys to the Behavioral Economics Toolbox: Insights from the SOEP Innovation Sample

While laboratory and field experiments are the major items in the toolbox of behavioral economists, household panel studies can complement them and expand their research potential. We introduce the German Socio-Economic Panel’s Innovation Sample (SOEP-IS), which offers researchers detailed panel data and the possibility to collect personalized experimental and survey data for free. We discuss what ...

Einsamkeit in Deutschland – Prävalenz, Entwicklung über die Zeit und regionale Unterschiede

Hintergrund Einsamkeit ist weitverbreitet und hat negative Folgen für die Gesundheit. Diese Studie soll die Fragen beantworten: (1) wie viele Menschen in Deutschland hocheinsam sind, (2) wie sich die Einsamkeit in Deutschland über die Zeit – insbesondere im Hinblick auf die Covid-19-Pandemie – veränderte und (3) welche regionalen Unterschiede es in der Einsamkeit in Deutschland gibt.MethodenDie vorliegende ...

The Intergenerational Transmission of Risk and Trust Attitudes: Replicating and Extending “Dohmen, Falk, Huffman and Sunde 2012” Using Genetically Informed Twin Data

This replication revisits an influential contribution on the intergenerational transmission of risk and trust attitudes, which, based on data from the German Socioeconomic Panel (GSOEP), reveals a positive correlation between parents' and children's attitudes. The authors of the original study argue that socialization in the family is important in the transmission process. The replication is motivated ...

Assessing the Social and Environmental Impacts of Critical Mineral Supply Chains for the Energy Transition in Europe

Advanced technologies are inherently dependent on critical minerals and their related metals. The mining extraction of these critical minerals leads to significant social and environmental impacts that extend beyond the regions where those advanced technologies are ultimately used. This study explores the global socio-environmental challenges arising from the European Climate Law's aim for net-zero ...

Social Security and Retirement around the World: Lessons from a Long-Term Collaboration

Declining labor force participation of older men throughout the 20th century and recent increases in participation have generated substantial interest in understanding the effect of public pensions on retirement. The National Bureau of Economic Research's International Social Security (ISS) Project, a long-term collaboration among researchers in a dozen developed countries, has explored this and related ...

The Effectiveness of FX Interventions: A Meta-Analysis

There is ample empirical literature centering on the effectiveness of foreign exchange intervention (FXI). Given the mix of objectives and country-heterogeneity, the general lack of consensus thus far is no surprise. We shed light on this debate by conducting the first comprehensive meta-analysis in the FXI literature, with 279 reported effects that stem from 74 distinct empirical studies. We cover ...