This article examines whether reducing care and housework duties and redistributing them within different-sex couples could further enhance gender equality on the labor market in terms of labor market participation for different employment types and actual working hours. Women around the world perform the majority of unpaid care and housework, with a large and persistent gap to men. Most research explains ...
We quantify the value of data for the prediction policy problem of reducing antibiotic prescribing to curb antibiotic resistance. Using varying combinations of administrative data, we evaluate machine learning predictions for diagnosing bacterial urinary tract infections and the outcomes of prescription rules based on these predictions. Simple patient demographics improve prediction quality substantially ...
This paper studies external sovereign bonds as an asset class. We compile a new database of 266,000 monthly prices of foreign-currency government bonds traded in London and New York between 1815 (the Battle of Waterloo) and 2016, covering up to 91 countries. Our main insight is that, as in equity markets, the returns on external sovereign bonds have been sufficiently high to compensate for risk. Real ...
This paper provides novel empirical results on the welfare impact of sanctions when countries coordinate their sanctions packages. To do so, weconduct simulations with the Caliendo and Parro (2015) CGE model of the world economy that provides changes in welfare under different hypothetical setups of sanctions coalitions. Focusing on the 2012 wave of sanctions against Iran and the 2014 sanctions...
Worldwide decarbonization is not on track. While the magnitude of the challenge is beyond doubt, as well as the fact that inaction now drastically increases the costs of decarbonisation in the future, decision-makers around the world are shying away from determined action. While this is partly due to political opportunism, it also reflects a lack of clarity on the potential roadmaps towards deep...
Der neue Ethikkodex des Vereins für Socialpolitik nimmt Stellung gegen die Diskriminierung von Frauen und Minderheiten, sexuelle und anderweitige Belästigung im Arbeitsumfeld sowie das Schaffen eines feindseligen Umfelds. Neuere Untersuchungen zeigen, dass eine Gleichberechtigung von Frauen und Minderheiten in der Volkswirtschaftslehre noch nicht vorliegt. Der erweiterte Ethikkodex ist ein Schritt ...
