We study the impact of agglomeration effects on firms’ total factor productivity (TFP) for industry groups defined by technology intensity. This allows for non-uniform effects on firms depending on their technological level. We find that urban economies have the largest impact on firm productivity in high-technology industries, while they have no effectin low-technology industries. For firms in the ...
This paper re-evaluates the US external deficit which has considerably widened over the 1990s. US safe asset provision to the rest of the world is the dominant explanation for the persistent nature of the US external deficit. We suggest that apart from the safe asset hypothesis, there is an important role for technology shocks originating in US multinational companies that have a strong foreign direct ...
This paper investigates the elusive role of productivity heterogeneity in new trade models in the trade and environment nexus. We contrast the Eaton-Kortum and the Melitz models with firm heterogeneity to the Armington and Krugman models without heterogeneity. We show that if firms have a constant emission share in terms of sales — as they do in a wide range of trade and environment models — the three ...
Der Beitrag untersucht die Rolle der Sozialpartnerschaft zur Reduzierung von Treibhausgasemissionen in Mitgliedsstaaten der Europäischen Union. Einerseits können die Sozialpartner dazu beitragen den Übergang zu niedrigeren Emissionen zu erleichtern, indem sie mit den betroffenen Arbeitnehmern über die Kosten und den Nutzen von Maßnahmen zur Verringerung des Klimawandels verhandeln. Andererseits ist ...
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 ...
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 ...
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 ...
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 ...
