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The Impact of Natives’ Attitudes towards Immigrants on Their Integration in the Host Country

Exploiting the random allocation of asylum seekers to different locations in Germany, we study the impact of right-wing voting on refugees’ integration. We find that in municipalities with more voting for the right-wing AfD, refugees have worse economic and social integration. These impacts are largest for groups targeted by AfD campaigns and refugees are also more likely to suffer from harassment and ...

Essays on the Impact of Behavioral Aspects and Education for Financial Development: Dissertation

Diese Arbeit untersucht den Einfluss verhaltensökonomischer Aspekte und Bildung für die finanzielle Entwicklung. Sie besteht aus vier Kapiteln, welche jeweils ein separates Forschungspapier darstellen. Die Kapitel decken folgende Themen ab: Determinanten einer impulsiven Kreditaufnahme, Hindernisse bei finanzieller Inklusion, die Auswirkungen von finanzieller Bildung und die finanziellen Folgen eines ...

Companies hiring refugees

Companies Contribute Significantly to the Integration of Refugees in Germany

Following the 2015 refugee influx, recent studies have found that around one in four companies have hired refugees. A survey of 100 companies that hired refugees shows that hiring refugees can increase employee satisfaction, improve reputations, and positively affect corporate developments. At the same time, hiring refugees also poses challenges for employers. These include barriers in the hiring process, ...

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 ...

Pandemic Depression: COVID-19 and the Mental Health of the Self-Employed

We investigate the effect of the COVID-19 pandemic on self-employed people’s mental health. Using representative longitudinal survey data from Germany, we reveal differential effects by gender: whereas self-employed women experienced a substantial deterioration in their mental health, self-employed men displayed no significant changes up to early 2021. Financial losses are important in explaining these ...

Pandemic Depression: COVID-19 and the Mental Health of the Self-Employed

We investigate the effect of the COVID-19 pandemic on self-employed people’s mental health. Using representative longitudinal survey data from Germany, we reveal differential effects by gender: whereas self-employed women experienced a substantial deterioration in their mental health, self-employed men displayed no significant changes up to early 2021. Financial losses are important in explaining these ...

Heteroskedastic Proxy Vector Autoregressions: Testing for Time-Varying Impulse Responses in the Presence of Multiple Proxies

We propose a test for time-varying impulse responses in heteroskedastic structural vector autoregressions that can be used when the shocks are identified by external proxy variables as a group. The test can be used even if the shocks are not identified individually. The asymptotic analysis is supported by small sample simulations which show good properties of the test. An investigation of the impact ...