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Inequality-Minimization with a Given Public Budget

We solve the problem of a social planner who seeks to minimize inequality via transfers with a fixed public budget in a distribution of exogenously given incomes. The appropriate solution method depends on the objective function: If it is convex, it can be solved by an interior-point algorithm. If it is quasiconvex, the bisection method can be used. Using artificial and real-world data, we implement ...

Distributional Effects of Subsidizing Retirement Savings Accounts: Evidence from Germany

We empirically investigate the distributional consequences of the Riester scheme, the main private pension subsidization program in Germany. We find that 38% of the aggregate subsidy accrues to the top two deciles of the income distribution, but only 7.3% to the bottom two. Nonetheless the Riester scheme is almost distributionally neutral in terms of standard inequality measures. Two effects offset ...

The Impact of Complex Family Structure on Child Well‐Being: Evidence from Siblings

Evidence from the United Kingdom Millennium Cohort on children at ages 3 and 5 with older siblings addresses the questions of whether those living with both biological parents and only full siblings have better emotional and behavior outcomes than other children, and whether nonfull siblings affect children's outcomes independently of parents' partnership status. Adjusting for measured family circumstances ...

China's Emissions Trading Takes Steps Towards Big Ambitions

China recently announced its national emissions trading scheme, advancing market-based approaches to cutting greenhouse gas emissions. Its evolution over coming years will determine whether it becomes an effective part of China’s portfolio of climate policies.

The Impact of Policy Measures on Future Power Generation Portfolio and Infrastructure: a Combined Electricity and CCTS Investment and Dispatch Model (ELCO)

This paper presents a general electricity-CO2 modeling framework that is able to simulate interactions of the energy-only market with different forms of national policy measures. We set up a two sector model where players can invest into various types of generation technologies including renewables, nuclear power and carbon capture, transport, and storage (CCTS). For a detailed representation of CCTS ...

Choosing between Different Time-Varying Volatility Models für Structural Vector Autoregressive Analysis

The performance of information criteria and tests for residual heteroscedasticity for choosing between different models for time‐varying volatility in the context of structural vector autoregressive analysis is investigated. Although it can be difficult to find the true volatility model with the selection criteria, using them is recommended because they can reduce the mean squared error of impulse ...

The Reciprocal Relationship between Material Factors and Health in the Life Course: Evidence from SHARE and ELSA

The widely established health differences between people with greater economic resources and those with fewer resources can be attributed to both social causation (material factors affecting health) and health selection (health affecting material wealth). Each of these pathways may have different intensities at different ages, because the sensitivity of health to a lack of material wealth and the degree ...

Bekanntmachung: Regelung zur Archivierung von Daten und Analysefiles quantitativer Studien

On DSGE Models

The outcome of any important macroeconomic policy change is the net effect of forces operating on different parts of the economy. A central challenge facing policymakers is how to assess the relative strength of those forces. Economists have a range of tools that can be used to make such assessments. Dynamic stochastic general equilibrium (DSGE) models are the leading tool for making such assessments ...

Das Sozio-Oekonomische Panel als Datenbasis für die Arbeits- und Organisationspsychologie: Potentiale, Limitationen und Analysemethoden längsschnittlicher Surveydaten

Der Beitrag zeigt die Analysepotentiale der repräsentativen Mikrodaten des Sozio-oekonomischen Panels (SOEP) für die Arbeits- und Organisationspsychologie (A/O-Psychologie) auf. Dabei werden allgemeine Charakteristika von Stichprobe und Erhebung des SOEP vorgestellt, sowie Konstrukte mit besonderer Relevanz für die Psychologie eingeführt. Zudem diskutieren wir Analysemethoden für Paneldaten, mit denen ...