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Longitudinal Bidirectional Associations between Personality and Becoming a Leader

Objective: Leaders differ in their personalities from non- leaders. However, when do these differences emerge? Are leaders “born to be leaders” or does their personality change in preparation for a leadership role and due to increasing leader-ship experience? Method: Using data from the German Socio- Economic Panel Study, we examined personality differences between leaders (N = 2683 leaders, women: ...

Active Learning Improves Financial Education: Experimental Evidence from Uganda

We conduct a randomized field experiment to study the effects of two financial education interventions offered to small-scale retailers in rural western Uganda. The treatments contrast “active learning” with traditional “lecturing” within standardized lesson-plans. After six months, active learning has a positive effect on savings and investment outcomes, in contrast to small or zero effects for lecturing. ...

Financial Education Matters: Testing the Effectiveness of Financial Education Across 76 Randomized Experiments

Do financial education programs affect financial knowledge and behaviors? We examine this question using a meta-analysis that incorporates studies from the past decade, which saw a rapid increase in financial education research. When examining data from 76 financial education randomized experiments across 33 countries covering over 160,000 individuals, we find that financial education improves both ...

Employing refugees makes companies more productive and attractive

Survey of 100 medium-sized and large companies in Germany examines the integration of refugees into the labor market – Employing refugees improves employee satisfaction, company attractiveness, and business development – Potential for self-employment remains largely untapped among refugees Employing refugees has made them more attractive as employers. This is reported by 80 percent of the companies ...

Ampel-Monitor Energiewende (Monitor of the German "Traffic Light" Coalition’s Energy Transition Targets)

BLOG Overview Note on the graphs Explanations on share of renewable energy in the electricity sector Why "traffic light"? Energy targets of the German government - and what has been achieved The traffic light coalition is history - but it has left its mark on energy policy. The traffic light coalition set out to bring new momentum to the energy transition and has set itself a number of specific ...

Overcoming the Disconnect between Energy System and Climate Modeling

2nd Workshop on Rent Control

The aim of the workshop is to bring together experts from different countries and different disciplines (economics, history, law, sociology, etc.) whose “common denominator” is their interest in rent control. This event aims to be a forum for discussing rent control experiences around the world. It should also foster a stronger network among scholars, thus facilitating joint research...

The Early Bird Catches the Worm! Setting a Deadline for Online Panel Recruitment Incentives

The literature on the effects of incentives in survey research is vast and covers a diversity of survey modes. The mode of probability-based online panels, however, is still young and so is research into how to best recruit sample units into the panel. This paper sheds light on the effectiveness of a specific type of incentive in this context: a monetary incentive that is paid conditionally upon panel ...

The Productivity Shock in Business Services

In Germany, the productivity of professional services, a sector dominated by SME, declined by 40 percent between 1995 and 2014. Similar developments can be observed in several other European economies. Using a German dataset with 700,000 firm-level observations, we analyze this largely undiscovered phenomenon in professional services, the fourth largest sector of the business economy in the EU-15, ...

Sanctions against Russian Oligarchs also Affect Their Companies

In February 2022, the EU Commission announced economic sanctions against Russian oligarchs. The goal was to exert pressure on the Kremlin: initially to stop deploying troops to the Donetsk and Luhansk regions and ultimately to end its attack on Ukraine. The present report investigates how these sanctions affect companies headed by Russian oligarchs. The empirical findings show that after sanctions ...