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A Scheme for Jointly Trading off Costs and Risks of Solar Radiation Management and Mitigation under Long-Tailed Climate Sensitivity Probability Density Distributions

Side effects of “solar-radiation management” (SRM) might be perceived as an important metric when society decides on implementing SRM as a climate policy option to alleviate anthropogenic global warming. We generalize cost-risk analysis that originally trades off expected welfare loss from climate policy costs and risks from transgressing climate targets to also include risks from applying SRM. In ...

Face Masks Increase Compliance with Physical Distancing Recommendations during the COVID‑19 Pandemic

Governments across the world have implemented restrictive policies to slow the spread of COVID-19. Recommended face mask use has been a controversially discussed policy, among others, due to potential adverse effects on physical distancing. Using a randomized field experiment (N = 300), we show that individuals kept a significantly larger distance from someone wearing a face mask than from an unmasked ...

The Assessment of Substitution through Event Studies: An Application to Supply-Side Substitution in Berlin’s Rental Market

Unsupervised Methods: Clustering Methods

The Effects of Shortening Potential Benefit Duration: Evidence from Regional Cut-offs and a Policy Reform

We quantify labour market effects of changes in the potential benefit duration (PBD) in Poland. Individual workers' PBD depends on the county unemployment rate relative to the national average---12 months of PBD above a cut-off of 125 per cent and 6 months below. This cut-off shifted from 125 to 150 per cent in a 2009 reform. We utilize (i) the natural experiment of the reform and (ii) the...

A decomposition of the life-cycle part-time wage gap: Forgone promotion prospects and stagnant wage growth within job levels

Long periods of part-time work lead to a stagnation of wage growth. In this paper, I study how the wage stagnation decomposes in lack of career development and the lack of wage growth conditional on the career level. I develop a dynamic choice model of labor supply which distinctly incorporates vertical career moves to jobs paying higher wages as a function of the choice of hours of work. I...

Promotion prospects and within-level wage growth: A decomposition of the part-time penalty

The part-time wage penalty is a key contributor to the gender wage gap. In this paper, I study how the part-time penalty decomposes in a lack of promotions to higher paying levels of the career ladder and a lack of wage growth conditional on the career level. I develop a dynamic model of labor supply that distinctly features hierarchical wage structures and promotions. I estimate the...

Warheads of Energy: Exploring the Linkages between Civilian Nuclear Power and Nuclear Weapons in Seven Countries

This paper focuses on the causal determinants of the accumulation of nuclear weapons, also known as vertical nuclear proliferation, in China, France, India, Pakistan, Russia, UK, and the US. It empirically analyzes the causal relationships between the civilian uses of nuclear energy, military expenditures, trade openness, and the stockpiling of nuclear warheads. Results from the Toda and Yamamoto (1995) ...

Executive Boards Remain Dominated By Men, but Change Is Finally Coming: Editorial

Markedly More Women on Executive Boards of Large Companies; Inclusion Requirement Seemingly Already Having an Effect

There was a significant increase in the number of women on executive boards of large companies in Germany from 2020 to 2021 after years of slow progress: In fall 2021, there were 139 women on the executive boards of the 200 largest companies, 38 more than in 2020. This is an increase of a good three percentage points to almost 15 percent, the largest seen since the beginning of the DIW Berlin Women ...