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Referierte Aufsätze Web of Science
Regulatory bank levies set incentives for banks to reduce leverage. At the same time, corporate income taxation makes funding through debt more attractive. In this paper, we explore how regulatory levies affect bank capital structure, depending on corporate income taxation. Based on bank balance sheet data from 2006 to 2014 for a panel of EU-banks, our analysis yields three main results: The introduction ...
In:
Journal of Banking & Finance
118 (2020), 105874
| Franziska Bremus, Kirsten Schmidt, Lena Tonzer
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Referierte Aufsätze Web of Science
This paper analyzes the impact of women's retirement on their informal care provision. Using SOEP data, we address fundamental endogeneity problems by exploiting variation in the German pension system in two complementary ways. We find a significant effect of retirement on informal care provision, when using early retirement age thresholds as instruments. Heterogeneity analyses confirm the underlying ...
In:
Journal of Health Economics
73 (2020), 102350
| Björn Fischer, Kai-Uwe Müller
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Referierte Aufsätze Web of Science
The present study examines the consequences of the planned coal phase-out in Germany according tovarious phase-out pathways that differ in the ordering of power plant closures. Soft-linking an energysystem model with an input-output model and a regional macroeconomic model simulates the socio-economic effects of the phase-out in the lignite regions, as well as in the rest of Germany. The combi-nation ...
In:
Energy
196 (2020), 117004, 19 S.
| Pao-Yu Oei, Hauke Hermann, Philipp Herpich, Oliver Holtemöller, Benjamin Lünenbürger, Christoph Schult
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Referierte Aufsätze Web of Science
While in January 2012, Denmark increased the long-standing tax on sugary soft drinks, the tax was cut byhalf in July 2013 and then completely repealed in January 2014. In this study, we examine whetherincreases and cuts of the soft drink tax lead to similar over- or under-shifting to prices and to similardemand responses. We use longitudinal scanner data of 1,282 Danish households to estimate within-product ...
In:
Economics and Human Biology
37 (2020), 100864, 10 S.
| Renke Schmacker, Sinne Smed
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Referierte Aufsätze Web of Science
We examine the effect of local business taxation and local public good and service (PIGS) provision on the number and spatial distribution of new firms. Testing ground is Germany and we rely on the universe of firm foundations between 1998 and 2006. Methodologically, we estimate fixed effects poisson models coupled with a control function approach. The results suggest that a 1%-decrease in the business ...
In:
Regional Science & Urban Economics
83 (2020), 103525, 21 S.
| Nadine Riedel, Martin Simmler, Christian Wittrock
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Referierte Aufsätze Web of Science
We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of countries. To overcome an endogeneity problem between monetary regimes and the likelihood of crises, we propose to study large natural disasters. We find that inflation targeting improves macroeconomic performance following such exogenous shocks. It lowers inflation, raises output growth, ...
In:
Journal of International Economics
123 (2020), 103308, 16 S.
| Marcel Fratzscher, Christoph Große Steffen, Malte Rieth
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Referierte Aufsätze Web of Science
In conventional structural vector autoregressive models it is assumed that there are at most as manystructural shocks as there are variables in the model. It is pointed out that heteroskedasticity can beused to identify more shocks than variables. Results are provided that allow a researcher to assesshow many shocks can be identified from specific forms of heteroskedasticity.
In:
Economics Letters
195 (2020), 109458, 4 S.
| Helmut Lütkepohl
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Referierte Aufsätze Web of Science
We document gaps in day care enrolment by family background in a country with a universal day care system (Germany). Research demonstrates that children of parents with lower educational attainment and children of migrant parents may benefit the most from day care, making it important to understand why such enrolment gaps exist. We use a unique data set that records both parental demand for day care ...
In:
Journal of Public Economics
190 (2020), 104252, 12 S.
| Jonas Jessen, Sophia Schmitz, Sevrin Waights
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Referierte Aufsätze Web of Science
This article analyzes the spatio-temporal effect of the 2013 floods on freight traffic in Germany by using automatic traffic counter data. The methodology uses a proven time-series outlier detection and identification technique to endogenously determine if a counter was affected during the flood and estimate the magnitude and duration of the change in the number of vehicles passing through it. This ...
In:
Transportation Research Part D: Transport and Environment
82 (2020), 102274, 22 S.
| Julio G. Fournier Gabela, Luis Sarmiento
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Referierte Aufsätze Web of Science
Climate-related asset stranding refers to the depreciation of assets – such as resource reserves, infrastructure, or industries – resulting from the unanticipated changes, such as the tightening of climate policies. Although developing countries – especially fossil-fuel exporters – may be most concerned by this issue, its analysis in development (economics) has so far been limited.We aim at enhancing ...
In:
World Development
130 (2020), 104947, 17 S.
| Dawud Ansari, Franziska Holz