We study the local evolution of female labour supply and cultural norms in West Germany in reaction to the sudden presence of East Germans who migrated to the West after reunification. These migrants grew up with high rates of maternal employment, whereas West German families mostly followed the traditional breadwinner-housewife model. We find that West German women increase their labour supply and ...
We present an economics framework appropriate to the exceptionally broad scope of the climate change problem. This considers that economic and social processes, particularly those involved in purposive transitions of energy technologies and systems, involve the interplay between three distinct domains of decision-making and associated actors. The first concerns small-scale and often short-term decision-making, ...
Intuition is a central element of entrepreneurial decision-making. We conceptually replicate a published study by using new representative data from 1961 adults and the widely used Cognitive Reflection Test, which assesses the ability to avoid intuitive decisions and to switch to an analytical process. We extend the analysis by exploring occupational sorting versus environmental influence as mechanisms, ...
Studies of the crude oil market based on structural vector autoregressive (VAR) models typically assume a time-invariant model and transmission of shocks and possibly allow for heteroskedasticity by using robust inference procedures. We assume a heteroskedastic reduced-form VAR model with time-invariant slope coefficients and explicitly consider the possibility of time-varying shock transmission due ...
Apply now for the PhD program in Economics at the DIW Graduate Center! The application portal is now open and we look forward to receiving your application for a PhD position at DIW by February 11, 2024! All information on the requirements, the application process and the program structure can be found here: https://www.diw.de/de/diw_01.c.799242.de/application.html
This paper examines the impact of coalitions on the economic costs of the 2012 Iran and 2014 Russia sanctions. By estimating and simulating a quantitative general equilibrium trade model under different coalition setups, we (1) dissect welfare losses for sanctions senders and target; (2) compare prospective coalition partners; (3) investigate ‘optimal’ coalitions that maximize payoff from sanctions; ...
While the French economy demonstrates remarkable resilience, Germany’s growth engine appears to be sputtering. But the two economies are more interdependent than ever, and their size implies that they must work together to reform and strengthen the European Union if they are to assert their influence globally. BERLIN – The contrast between the French and German economies has rarely appeared so stark. ...
Der Rückgang der Verwendung von Bargeld und das Aufkommen innovativer digitaler Zahlungssysteme haben die EZB wie viele andere Zentralbanken dazu veranlasst, die Einführung ihrer Währung in digitaler Form zu erwägen. Die technischen Probleme bei der Einführung eines digitalen Euro scheinen nicht unüberwindbar zu sein. Ein Thema, das jedoch weniger Beachtung gefunden hat, ist die Nachfrage nach einem ...
