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Renewable Energy and Equilibrium Hedging in Electricity Forward Markets

We study the impact of renewable energy on forward markets for electricity. Previous literature shows that forward prices are determined by time-varying demand and volatile spot prices. We introduce supply risk from renewable generation and find that stochastic renewable output mitigates income risk for generating firms, in particular when negative shocks to renewable output have large positive price ...

Technological Progress, Occupational Structure, and Gender Gaps in the German Labour Market

We analyze if technological progress and the change in the occupational structure have improved women’s position in the labour market. We show that women increasingly work in non-routine manual and in interactive occupations. However, the observed narrowing of the gender wage gap is entirely driven by declining gender wag gaps within, rather than between, occupations. A decomposition exercise reveals ...

Short-time Work and Unemployment: Long-term effects on labor market outcomes

This study sheds light on the impact of different types of job retention programs such as short-time work (STW). We analyze the causal effect of an episode of STW on labor market outcomes up to five years later and compare this to the effects of sudden unemployment episodes. Using data from German Socio-Economic Panel (1992–2022), we employ an event-study approach to analyze the effect of...

The Judge in the Marriage Bed: The Modernization of the Swiss Marital Law and Female Labour Force Participation

This paper analyses the impact of the modernization of the Swiss marital law in the 1980s on married women's labour force participation in Switzerland. The reform of the law comprised multiple measures to foster the equality between husband and wife within the marriage. The Swiss people voted on the reform in a referendum in 1985, accepting the new marital law. Hence at the time of the vote, it...

Measuring Expenditure with a Mobile App: Do Probability-Based and Nonprobability Panels Differ?

In this case study, we examine a novel aspect of data collected in a typical probability and a typical nonprobability panel: mobile app data. The data were collected in Great Britain in 2018, using the Innovation Panel of the UK Household Longitudinal Study and the Lightspeed online access panel. Respondents in each panel were invited to participate in a month-long study, reporting all their daily ...

100 participants at 15th SOEP User Conference

Immediately following its 40th anniversary ceremony at the Berlin-Brandenburg Academy of Sciences and Humanities, SOEP held a two-day user conference entitled “The individual and collective responses to a changing world.” With 15 sessions and 64 presentations, the conference impressively demonstrated the wide range of topics covered by research on SOEP data. One of the keynote speakers at the conference, ...

The Welfare Consequences Of Learning Where One Stands: Evidence from a Large Field Experiment

The seminar will share two connected papers, one newer, and in more need of feedback, than the other. The premise of both is the received wisdom that income rank matters for welfare, in particular life satisfaction. In most discussions, however, income comparisons are limited to the national population and evidence is correlational. In the first paper, we report on an experiment that randomized...

CO²-Footprint is too large

High-Income Households Emit More Greenhouse Gases, Primarily Due to Transport Behavior

Greenhouse gas emissions must be reduced by 65 percent compared to 1990 by 2030 to achieve national climate targets. Nearly one third of greenhouse gas emissions in Germany are caused by private household consumption. Using Socio-Economic Panel (SOEP) data, this Weekly Report calculates the amount of CO2 equivalents emitted by households due to residential energy use, nutrition, and transport in Germany. ...

Comparison of the Environmental Impacts of Heating Systems in Chile by Life Cycle Assessment

The present study conducts a Life Cycle Assessment (LCA) to evaluate the environmental impacts of heating technologies commonly used in Chile based on six environmental indicators: Climate Change (CC), Human Toxicity (HT), Formation of Particulate Matter (PM), Formation of Photochemical Oxidants (PO), Ozone Destruction (OD), and Water Depletion (WD). Due to the extensive length of the territory studied, ...