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Number of Women on Boards of Large Companies Keeps Growing

SOEP-empirica-Quartiersklassifikation

Mehrere thematische Analysen von empirica im Verlauf der letzten 15 Jahre (u.a. zur Kriminalitätsfurcht, Kindergesundheit, Einsamkeit) haben gezeigt, dass neben individuellen Merkmalen – insbesondere sozialen Merkmalen – auch räumliche/nachbarschaftliche Einflussfaktoren auf das Wohlbefinden oder die Gesundheit von Menschen festgestellt werden können. Insbesondere die SOEP-Zusatzstichprobe zur...

Subjective Belief Formation and Stock Market Participation in Germany.

This paper investigates the unique ways in which individuals assimilate new information into their beliefs about stock returns and examines the consequences of heterogeneous information processing on savings and investment decisions. Utilizing two exogenous information treatments from 2017 and 2018 surveys of German households, I discover that individuals' short-term return expectations shift by...

Industry transition in world of fragmented global climate policy Complementing EU ETS and CBAM with a climate contribution

Making CBAM work for complex value chains

Together with experts from the Climate Friendly Materials Platform, academia, think tanks, politics, unions and industry we will discuss how the Carbon Border Adjustment Mechanism (CBAM) can be further developed or reformed for sectors with complex value chains steel, organic chemistry and aluminium). Currently these sectors lack a reliable framework that incentivizes investment in climate-neutral...

Can a climate alliance/club enhance climate cooperation?

The influential Indian Parliamentarian Mr. Jayant Sinha envisages a global climate alliance building on the concept of the European Union and its Green Deal – a community attractive to its members because it addresses the diverse needs and ensures that joint action benefits all. To ensure the inclusive nature and broaden the political ownership of such an initiative, Mr. Sinha launched a report on...

Local Energy Markets

In current power markets, the bulk of electricity is sold wholesale and transported to consumers via long-distance transmission lines. Recently, decentralized local energy markets have evolved, often as isolated networks based on solar generation. We analyze strategic pricing, investment, and welfare in local energy markets. We show that local energy markets yield competitive equilibrium prices and ...

Self-Efficacy and Entrepreneurial Performance of Start-Ups

Self-efficacy reflects the self-belief that one can persistently perform difficult and novel tasks while coping with adversity. As such beliefs reflect how individuals behave, think, and act, they are key for successful entrepreneurial activities. While existing literature mainly analyzes the influence of the task-related construct of entrepreneurial self-efficacy, we take a different perspective and ...

Rent Price Control – Yet Another Great Equalizer of Economic Inequalities? Evidence from a Century of Historical Data

The long-run U-shaped patterns of economic inequality are standardly explained by basic economic trends (Piketty’s r > g), taxation policies or ‘great levellers’ such as catastrophes. This article argues that housing policy, and particularly rent control, is a neglected explanatory factor in understanding macro inequality. We hypothesize that rent control could decrease overall housing wealth, lower ...

Effectiveness and Heterogeneous Effects of Purchase Grants for Electric Vehicles

We evaluate German purchase subsidies for battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) using data on new vehicle registrations in Germany during 2015-2022. We account for confounding time trends and interacting EU-level CO2 standards using neighboring countries as a control group. The program was cost-ineffective, as only 40% of BEV and 25% of PHEV registrations were ...