This project will create a methodological framework for embedding a transition model with free (unknown) parameters in a dynamic, small-scale microsimulation. A transition model of this kind will also enable latent and/or only partially observed processes to be represented in a microsimulation. The key element for embedding a transition model with free parameters is a metamodel (or statistical...
Financial systems have developed rapidly in many developing countries. These changes increase the need for research into their effects, especially with a focus on financial inclusion / individual responses.To this end DIW Berlin will host a workshop in the field of “Finance and Development” to be held in Berlin on April 27 in the afternoon and full day April 28, 2023. The workshop will not have...
The 3rd annual Workshop for Women in Macroeconomics, Finance and Economic History is being organized by the German Institute for Economic Research. The aim is to bring together female academic researchers and practitioners to promote and exchange ideas in the fields of Macroeconomics, Finance, and Economic History.
The re-use of research data is an integral part of research practice in the social and economic sciences. To find relevant data, researchers need adequate search facilities. However, a comprehensive, thematic search for research data that is not limited to individual survey programs is difficult. Because individual survey programs use their own terminology to describe their data and the...
The scales manual has now been extended and updated with survey contents including 2020 (v37). The scales manual has been converted to the SOEPlong variable scheme and, in addition to being published in the SOEP Survey Paper, is also integrated in the SOEPcompanion.
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 ...
We investigate the role of monetary policy in stock price misalignments and explore whether central banks can attenuate excessive mispricing as suggested by the proponents of a “leaning against the wind” monetary policy. Decomposing stock prices into expected excess dividends, an equity risk premium, and a mispricing component, we find that prices fall more strongly in response to an increase in the ...
Annual Summer Workshop from June 22th to June 23th 2023. During the two-day workshop, doctoral students of the years 2019 - 2021 will present their current research.
Minimum wages are increasingly discussed as an instrument against (in-work) poverty and income inequality in Europe. Just recently the German government opted for a substantial ad-hoc increase of the minimum-wage level to euro12 per hour mentioning poverty prevention as an explicit goal. We use the introduction of the federal minimum wage in Germany in 2015 to study its redistributive impact on disposable ...
