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Refereed essays Web of Science
Different local projection (LP) estimators for structural impulse responses of proxy vector autoregressions are reviewed and compared algebraically and with respect to their small sample suitability for inference. Conditions for numerical equivalence and similarities of some estimators are provided. Two generalized least squares (GLS) projection estimators are found to be more accurate than the other ...
In:
Journal of Economic Dynamics & Control
134 (2022), 104277, 17 S.
| Martin Bruns, Helmut Lütkepohl
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Refereed essays Web of Science
Public debates and current research on “digitalization” suggest that digital technologies could profoundly transform the world of work. While broad claims are common in these debates, empirical evidence remains scarce. This calls for reliable data for empirical research and evidence-based policymaking. We implemented a data module in the Socio-Economic Panel to gather information on digitalization ...
In:
Jahrbücher für Nationalökonomie und Statistik
242 (2022), 5-6, S. 691–705
| Alexandra Fedorets, Stefan Kirchner, Jule Adriaans, Oliver Giering
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DIW Discussion Papers 1990 / 2022
Negative interest rates remain a controversial policy for central banks. We study a novel signalling channel and ask under what conditions negative rates should exist in an optimal policymaker’s toolkit. We prove two necessary conditions for the optimality of negative rates: a time-consistent policy setting and a preference for policy smoothing. These conditions allow negative rates to signal policy ...
2022| Oliver de Groot, Alexander Haas
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SOEPpapers 1155 / 2021
We examine the relationship between parenting activities and center-based care using time diary and survey data for mothers in Germany. While mothers using center-based care spend significantly less time in the presence of their child, we find that differences in the time spent on specific activities such as reading, talking, and playing with the child are relatively small or zero. The pattern of results ...
2021| Jonas Jessen, C. Katharina Spiess, Sevrin Waights
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SOEPpapers 1156 / 2021
Several studies have suggested that the rank-order stability of personality increases until midlife and declines later in old age. However, this inverted U-shaped pattern has not consistently emerged in previous research; in particular, a recent investigation implementing several methodological advances failed to support it. To resolve the matter, we analyzed data from two representative panel studies ...
2021| Ingo S. Seifert, Julia M. Rohrer, Boris Egloff, Stefan C. Schmukle
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DIW Discussion Papers 1991 / 2022
Equivalence Scales are a tool for removing the heterogeneity of household sizes in the measurement of inequality, and affect poverty assessments and poverty lines. We address the disadvantage that poor households may suffer due to their reduced ability to share goods within the household. This disadvantage is important to estimate and embed in standard analysis, as it seems to have a substantial quantitative ...
2022| Christos Koulovatianos, Carsten Schröder
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DIW Roundup 139 / 2022
Rent control is a highly debated social policy that has been omnipresent since World War I. Since 2010s, it has been experiencing a true renaissance, for many cities and countries facing housing shortage are desperately looking for solutions of the chronic housing shortage and direct their attention to controlling housing rents and to other restrictive policies. Is rent control useful or does it create ...
2022| Konstantin A. Kholodilin
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Refereed essays Web of Science
Following World War I, rent control became a standard policy response to the housing shortage and the resulting rent increases. Typically, economists blame it for creating inefficiencies in the housing market and beyond. We investigate whether rental market regulations (including rent control, protection of tenants from eviction, and housing rationing) had any effects in a middle-income Latin American ...
In:
Journal of Housing and the Built Environment
37 (2022), S. 1923–1970
| Alejandro D. Jacobo, Konstantin A. Kholodilin
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Refereed essays Web of Science
We investigate whether individuals self-select feedback that allows them to maintain their motivated beliefs. In our lab experiment, subjects can choose the information structure that gives them feedback regarding their rank in the IQ distribution (ego-relevant treatment) or regarding a random number (control). Although beliefs are incentivized, individuals are less likely to select the most informative ...
In:
European Economic Review
142 (2022), 104007, 20 S.
| Alessandro Castagnetti, Renke Schmacker
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Refereed essays Web of Science
Since the early beginnings of the electricity system, storage has been of high relevance for balancing supply and demand. Through expanded electricity production by variable renewable technologies such as wind and photovoltaics, the discussion about new options for storage technologies is emerging. In addition, the electricity markets were subject to remarkable alterations. Some developments which ...
In:
Wiley Interdisciplinary Reviews: Energy and Environment
11 (2022), 3, e431
| Reinhard Haas, Claudia Kemfert, Hans Auer, Amela Ajanovic, Marlene Sayer, Albert Hiesl