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Financial Education Affects Financial Knowledge and Downstream Behaviors

We study the rapidly growing literature on the causal effects of financial education programs in a meta-analysis of 76 randomized experiments with a total sample size of over 160,000 individuals. Many of these experiments are published in top economics and finance journals. The evidence shows that financial education programs have, on average, positive causal treatment effects on financial knowledge ...

German leading research institutions bring Europe's largest social science panel study to Berlin

The Survey of Health, Ageing and Retirement in Europe (SHARE) will enrich the science location Berlin. The founding partners now signed the partnership agreement for the new SHARE Berlin Institute. SHARE will in future be embedded in a collaboration of four leading research institutions: the WZB Berlin Social Science Center, the German Institute for Economic Research (DIW Berlin), the Charité ...

Report „Decarbonisation of energy“ for the European Parliament

The department Energy, Transportation, Environment has published the report „Decarbonisation of energy“ jointly with the Brussels-based think tank Bruegel. In the report, several options for the energy system in 2050 are discussed. The report was prepared for the Committee on Industry, Research and Energy and was presented to the Committee in March 2022. The report can be found online here: ...

Sexual and Gender Minority (SGM) Research Meets Household Panel Surveys: Research Potentials of the German Socio-Economic Panel and Its Boost Sample of SGM Households

There are numerous challenges to studying structural inequality in sexual and gender minority (SGM) populations, from the difficulty of obtaining a representative sample to issues comparing data across populations. This data brief illustrates how the largest household panel survey in Germany, the German Socio-Economic Panel (SOEP), and its recent nationwide boost sample of SGM households, Sample Q, ...

Justice Profiles in Europe: Major Differences in Evaluation of Inequality

European societies have been experiencing growing income and wealth inequalities over the past few decades, and, accordingly, they are a topic of intense discussion. Although the population’s evaluation of inequalities as just or unjust is important for designing social policies, there has been little research on this evaluation. To close this gap, we use justice evaluations of income and wealth in ...

SOEP-Core v36 – The Couple History Files BIOCOUPLM and BIOCOUPLY, and Marital History Files BIOMARSM and BIOMARSY

ECB Can Lower Fuel and Heating Costs by Increasing Interest Rates but Would Risk Economic Recovery

Inflation has been growing considerably since the middle of 2021, with rising energy prices driving the increase in particular. Since the end of February 2022, the trend has also been exacerbated by the ongoing Russian invasion of Ukraine. To keep prices stable, the European Central Bank must rein in its accommodative monetary policy. However, would doing so—by enacting an interest rate increase, for ...

Information Provision and Postgraduate Studies

This is the first paper to examine experimentally effects of information provision on beliefs about pecuniary and non-pecuniary returns of postgraduate education, enrolment intentions and realized enrolment. We find that our treatment causally affects beliefs measured six months after treatment. The effects on beliefs differ by gender and academic background, and we find that stated enrolment intentions ...

The Personality Traits of Self-Made and Inherited Millionaires

Very wealthy people influence political and societal processes by wielding their economic power through foundations, lobbying groups, media campaigns, as investors and employers. Because personality shapes goals, attitudes, and behaviour, it is important to understand the personality traits that characterize the rich. We used representative survey data to construct two large samples, one from the general ...

Decentral Electrification, Network Interconnection, and Local Power Markets: An Introduction