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Strommarkt erklärt: Preisbildung, Preiskrise und die „Strompreisbremse“: Ein Beitrag zur aktuellen Debatte über Eingriffe in den Strommarkt

No Taxation without Reallocation: The Distributional Effects of Tax Changes

This paper investigates the dynamic effects of tax changes on the cross-sectional distribution of disposable income in the United States using a narrative identification approach. I distinguish between changes in personal and corporate income taxes and quantify the distributional effects on families and business owners. I document that tax changes affect incomes along the distribution differently and ...

Observing Many Researchers Using the Same Data and Hypothesis Reveals a Hidden Universe of Uncertainty

This study explores how researchers’ analytical choices affect the reliability of scientific findings. Most discussions of reliability problems in science focus on systematic biases. We broaden the lens to emphasize the idiosyncrasy of conscious and unconscious decisions that researchers make during data analysis. We coordinated 161 researchers in 73 research teams and observed their research decisions ...

Culture, Children and Couple Gender Inequality

This paper examines how culture impacts within-couple gender inequality. Exploiting thesetting of Germany’s division and reunification, I compare child penalties of East Germans whowere socialised in a more gender egalitarian culture to West Germans socialised in a gendertraditionalculture. Using a household panel, I show that the long-run child penalty on thefemale income share is 23.9 percentage ...

Today’s Older Adults Are Cognitively Fitter Than Older Adults Were 20 Years Ago, but When and How They Decline Is No Different Than in the Past

History-graded increases in older adults’ levels of cognitive performance are well documented, but little is known about historical shifts in within-person change: cognitive decline and onset of decline. We combined harmonized perceptual motor speed data from independent samples recruited in 1990 and 2010 to obtain 2,008 age-matched longitudinal observations (M = 78 years, 50% women) from 228 participants ...

Economic sanctions: Coalitions increase the cost for the target and reduce own burden

What is the role of coalitions in enforcing sanctions? In a newly released study, researchers at IfW Kiel and DIW Berlin analyse the economic impact of jointly implementing punitive measures in the context of the 2012 Iran and 2014 Russia sanctions. They find that coalitions serve two crucial purposes -- they not only magnify the economic cost imposed on the target but also reduce domestic costs for ...

Finance Meets Sustainability: A New Hope? Editorial

Sustainable Finance – Divestment as a Tool to Reach the SDGs?

Dieses Papier bereitet die gängige Literatur zum Thema „Divestment“ auf. Über eine lange Zeit konnten viele Firmen, die für den Einsatz umweltschädlicher Technologien bekannt waren, lange Zeit davon ausgehen, dass sie nicht über den Finanzmarkt sanktioniert werden. Heutzutage scheint Divestment eine verbreitete Strategie zu sein, um umweltschädliche Unternehmensaktivitäten zu sanktionieren. Grundlegende ...

A Concept for Measuring Real Estate Sustainability from the Investors’ Perspective

Obwohl die Nachfrage nach nachhaltigen Anlageprodukten steigt und die Regulierung zur Offenlegung von Nachhaltigkeitsaspekten zunimmt, mangelt es auf Seiten der Anleger:innen an Informationen über die Nachhaltigkeit der angebotenen Anlageprodukte. Auch wenn in der Literatur hunderte von ESG-Indikatoren für Standard-Investmentprodukte zur Verfügung stehen, gibt es bisher keinen ganzheitlichen Ansatz ...

Sustainable Financial Literacy and Preferences for Sustainable Investments among Young Adults

In diesem Beitrag verwenden wir ein Auswahlexperiment bzgl. der Auswahl von Aktienfonds, um die Präferenzen junger Erwachsener für nachhaltige Anlagen im Vergleich zu konventionellen Investmentfonds zu schätzen. Unsere Ergebnisse deuten darauf hin, dass der traditionelle Trade-Off zwischen dem Risiko und der Rendite von Aktienfonds auch bei der Auswahl nachhaltiger Investmentfonds Bestand hat. Der ...