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House Price Expectations

This study examines short-, medium-, and long-run price expectations in housing markets. At the heart of our analysis is the combination of data from a tailored in-person household survey, past sale offerings, satellite imagery on developable land, and an information treatment (RCT). As novel finding, we show that price expectations show no evidence for momentum-effects in the long run. We also do ...

Decline in Job Satisfaction and How it Relates to Investment Decisions of the Self-Employed

Despite substantial research on job satisfaction in self-employment, we know little about the specific consequences for the venture when job satisfaction declines after an external shock. Taking the COVID-19 pandemic as an example of an external shock and drawing on a sample of nearly 7,000 self-employed individuals living in Germany, we investigate how declines in job satisfaction are related to investment ...

Utilisation of Dental Services by Refugees in Germany: Results of the Population-Based RESPOND Survey

Background: The utilisation of outpatient dental services is an important indicator for monitoring healthcare provision in Germany. In the general population, the 12-month prevalence of dental service utilization is 82.2%. For refugees, this indicator has hardly been measured, although studies suggest an objectively high need for dental care. Methodology: As part of the population-based cross-sectional ...

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 Energy Transition in France: Expansion of Renewables Stalling, Good Progress on Heat Pumps

The energy transition is a major challenge for both Germany and France. This Weekly Report provides an overview of the short- and long-term goals as well as current developments and trends in France’s energy and climate policy. It reveals that France is largely on track with its greenhouse gases targets and is also making good progress on installing heat pumps. However, its expansion of renewable energy ...

Entkoppelte Lebenswelten? Soziale Beziehungen und gesellschaftlicher Zusammenhalt in Deutschland - Erster Zusammenhaltsbericht des FGZ: Erster Zusammenhaltsbericht des FGZ

Mit dem vorliegenden Bericht eröffnen wir unsere Reihe der Zusammenhaltsberichte desFGZ. Die Zusammenhaltsberichte sollen auf der Grundlage der im FGZ erhobenen Dateneine interessierte Öffentlichkeit über zentrale Befunde und Analysen zum gesellschaftlichenZusammenhalt in Deutschland informieren. Mit dem Fokus auf Datenerhebungen ergänzendie am Forschungsdatenzentrum des FGZ (FDZ-FGZ) koordinierten ...

Energy transformation in France: too much dependence on nuclear power

Wealth Creators or Inheritors? Unpacking the Gender Wealth Gap From Bottom to Top and Young to Old

This paper investigates the gender wealth gap using wealth recorded in the Socio-Economic Panel (SOEP). Ranking women and men by their individual wealth reveals that the average gender wealth gap is driven by the large gap in the top tail. We find that the gender wealth gap widens during working age and closes during retirement. This is associated with men receiving higher inheritances and inter-vivos ...

The Long-Term Implications of Destruction During the Second World War on Private Wealth in Germany

By the end of the Second World War, an estimated 20 percent of the West German housing stock had been destroyed. Building on a theoretical lifecycle model of wealth accumulation, this paper examines the extent to which regional differences in destruction can explain differences in wealth today” – at the beginning of the 21st century. As our empirical basis, we link a unique historical dataset on the ...

To Diversify or Not? The Link between Global Sourcing of ICT Goods and Firm Performance

We analyse variation in firm performance as a function of the international diversification of ICT imports by firms. Drawing on administrative data from 2010 and 2014 on nearly 4000 German manufacturing firms, we find that firms with ICT sourcing that is diversified across multiple countries perform better than similar, less-diversified firms. This finding holds true for two performance metrics (value ...