DIW Roundup

74 results, from 61
DIW Roundup 34 / 2014

The Role of Financial Literacy and of Financial Education Interventions in Developing Countries

Financial literacy has received increased attention since the global financial crisis and the literature confirms that it is correlated with higher household well-being. In parallel, financial education programs have grown in popularity and an increasing number of countries are developing national financial education strategies and making more investments in related programs. However, the evidence ...

2014| Margherita Calderone
DIW Roundup 33 / 2014

Unconditional Basic Income: An Economic Perspective

A wide range of public figures from the social sciences, politics and business have proposed paying every citizen a fixed amount of income without means testing or work requirement. The idea is fascinating. Most recently, a widely reported crowd-funding initiative from Berlin collected €12,000 to finance one year’s worth of unconditional basic income for a randomly selected individual.

2014| Luke Haywood
DIW Roundup 31 / 2014

Internal Migration in Developing Countries

For people in rural areas of developing countries, finding a better paying job or better education is often only possible by moving – migrating – somewhere else. Moreover, agricultural production, generally the main economic activity in rural areas of developing countries, is risky, affected by droughts and floods. Due to poverty and the limited availability of crop insurance, rural households often ...

2014| Valeria Groppo
DIW Roundup 28 / 2014

Are the Economic Sanctions against Russia Effective?

The introduced sanctions against Russia, which at the moment are on a level of travel bans and asset freezes against a limited group of individuals and firms, are unlikely to trigger a profound change in Russian foreign policy. This can primarily be attributed to the fact that the economic impact of the sanctions is rather low. However, the current political tensions have had an impact on financial ...

2014| Konstantin A. Kholodilin, Dirk Ulbricht, Georg Wagner
DIW Roundup 26 / 2014

Soldiers and Trauma

Understanding the risks and consequences of military service in fragile regions is a vital concern facing veterans and policymakers in Germany (and many other nations). Researchers, health professionals, politicians and the news media are actively discussing this contentious topic. A key point in the debate is the psychological well-being of discharged servicemen. The purpose of this column is to offer ...

2014| Wolfgang Stojetz
DIW Roundup 23 / 2014

Can the Market Stability Reserve Stabilise the EU ETS: Commentators Hedge Their Bets

In response to an imbalance between the demand and supply of permits within the European Union Emissions Trading System (EU ETS), the European Commission has proposed the introduction of a Market Stability Reserve (MSR). The MSR represents a quantity based automatic adjustment mechanism, which is designed to tackle the current surplus and introduce a degree of flexibility, allowing the system to respond ...

2014| William Acworth
DIW Roundup 18 / 2014

The New Growth Debate

The developed economies of Europe and the United States are slowly recovering from the worldwide financial crisis and the debt crisis in the euro area. How will the economic situation of these countries evolve in the future? Will the developed economies experience high rates of productivity and economic growth or will they have to face stagnation for a long period of time? Various famous economists ...

2014| Guido Baldi, Patrick Harms
DIW Roundup 17 / 2014

The Bank Capital Debate: Should Fragility Be Reduced?

The recent financial crisis has exposed the fragility of the banking sector to sudden withdrawals of wholesale funding, asset price declines and market dry-ups. Governments and central banks had to step in to prevent major banks from defaulting. These events led to renewed interest in the question whether the fragility of banks should be tolerated as a necessary, even desirable feature of an efficient ...

2014| Philipp König, David Pothier
DIW Roundup 15 / 2014

Structural Reforms in the Eurozone: Timing Matters

Several leading policymakers – from ECB President Mario Draghi to EC President José Manual Barroso – have pushed Eurozone countries to adopt far-reaching structural reforms in labour and product markets in order to foster growth and employment. While there is a broad consensus that structural reforms enhance countries’ growth potential in the long-run, recent research shows that they may have harmful ...

2014| David Pothier
DIW Roundup 9 / 2014

Early Retirement at 63: Fair Compensation or Pension Giveaway?

After Easter, Germany's new labor and social affairs minister Andrea Nahles will be presenting the grand coalition's first major reform proposal for parliamentary debate: a bill to improve the benefits provided under the statutory pension system. A centerpiece of the reform package is early retirement on a full pension at 63 for those who have been paying into the state pension system for a long period ...

2014| Anika Rasner
DIW Roundup 7 / 2014

A Minimum Wage for Germany: What Should We Expect?

A key component of the coalition agreement between the CDU/CSU and SPD signed on November 27 is the adoption of a minimum wage for Germany. Under the agreement, a statutory minimum wage of €8.50 per hour will be introduced across the country starting in 2017. Pushed as a make-or-break issue by the SPD during the negotiations, its introductionfollows months of heated debate about its desirability and ...

2014| David Pothier
DIW Roundup 6 / 2014

Arts Education: Investment in Education, Opportunity for Social Policy or Instrumentalisation of Culture?

The role of arts education in our society is increasingly becoming the subject of fierce debate. Is it losing significance, with culture being the victim of austerity policies and young people no longer having time for music school due to increasing stress levels at school? Does the promotion of cultural participation present new opportunities for social policy? Or is culture being instrumentalised ...

2014| Adrian Hille
DIW Roundup 4 / 2014

Debating the Shortage of Skilled Workers

It seems to be widely acknowledged that Germany will face a shortage of skilled workers within no more than a few years. However, the extent of the current and future skilled worker shortage is still up for debate among experts. The disagreement begins with the choice of adequate scarcity indicators and model assumptions in long-run projections.

2014| Nina Neubecker
DIW Roundup 3 / 2014

The Safe Asset Controversy: Policy Implications after the Crisis

Safe assets are the lubricant of the financial system. They serve as a store of value, to meet regulatory requirements, and as a pricing benchmark. Some researchers identify a severe and chronic global safe asset shortage; others disagree, while empirical evidence remains ambiguous. In the post-Lehman world, the availability of safe assets entails new policy challenges. While still a potential source ...

2014| Christoph Große Steffen
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