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Early Retirement of Employees in Demanding Jobs: Evidence from a German Pension Reform

Early retirement options are usually targeted at employees at risk of not reaching their regular retirement age inemployment. An important at-risk group comprises older employees who have worked in demanding jobs formany years. This group may be particularly negatively affected by the abolition of early retirement options. Tomeasure differences in labor market reactions of employees in low- and high-demand ...

Resuming Social Contact after Months of Contact Restrictions: Social Traits Moderate Associations between Changes in Social Contact and Well-being

Humans possess a need for social contact. Satisfaction of this need benefits well-being, whereas deprivation is detrimental. However, how much contact people desire is not universal, and evidence is mixed on individual differences in the association between contact and well-being. This preregistered longitudinal study (N = 190) examined changes in social contact and well-being (life satisfaction, depressivity/anxiety) ...

Durable Consumption, Limited VAT Pass-Through and Stabilization Effects of Temporary VAT Changes

This paper revives the question of whether a temporary VAT change is an adequate instrument for crisis stabilization. In empirical assessments, we find that durable goods consumption fluctuates strongly over the business cycle and that VAT rate changes affect durable goods in particular. Therefore, we build a dynamic stochastic general equilibrium (DSGE) model that is capable of addressing this major ...

Analysis of Contemporary Budget Federalism Models Based on Economic and Social Effectiveness of Inter-Budgetary Relations: Theory, Experiences in OECD Countries, and Analysis for Russia

GDPR and the Lost Generation of Innovative Apps

Using data on 4.1 million apps at the Google Play Store from 2016 to 2019, we document that GDPR induced the exit of about a third of available apps; and in the quarters following implementation, entry of new apps fell by half. We estimate a structural model of demand and entry in the app market. Comparing long-run equilibria with and without GDPR, we find that GDPR reduces consumer surplus and...

The Role of Physician-Patient Similarity in Diagnosis and Treatment Decisions: Evidence from Antibiotic Prescribing

Physicians in primary care provide initial diagnosis and treatment for a diverse set of patients. However, whereas patients are demographically and socio-economically heterogeneous, physicians typically come from affluent and highly-educated backgrounds. As a result, there is often a mismatch between physicians and the community they serve. I investigate the role of patient-physician similarity...

Sponsored Search: How Platforms Exacerbate Product Market Concentration

How does online advertising affect consumer behaviour, product pricing and competition? To analyse this, I develop a theory of digital markets where an intermediary provides a platform for firms to advertise their product and where consumers need to engage in costly search if they want to learn about the product characteristics. First, I show that when prices are observable...

Decarbonisation of Energy: Determining a Robust Mix of Energy Carriers for a Carbon-Neutral EU

Centralized and Decentral Approaches to Succeed the 100% Energiewende in Germany in the European Context – A Model-based Analysis of Generation, Network, and Storage Investments

In this paper, we explore centralized and more decentral approaches to succeed the energiewende in Germany, in the European context. We use the AnyMOD framework to model a future renewable-based European energy system, based on a techno-economic optimization, i.e. cost minimization with given demand, including both investment and the subsequent dispatch of capacity. The model includes 29 regions for ...

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