This paper analyses the relationship between locus of control (LOC) and the demand for supplementary health insurance. Drawing on longitudinal data from Germany, we find robust evidence that individuals having an internal LOC are more likely to take up supplementary private health insurance (SUPP). The increase in the probability to have a SUPP due to one standard deviation increase in the measure ...
Usually, it is expected that income increases life satisfaction. In recent years tough, research emerged that shows how subjective well-being, including satisfaction, influences objective measures, as for example income. This would then require explicit identification strategies for estimating effects of income on life satisfaction. I address this issue using German SOEP data and Lewbel’s (2012) method, ...
DIW Berlin forecasting experts are lowering their forecast for 2021 from 3.2 to 2.1 percent - Supply bottlenecks and material shortages are weighing on German industry - Private consumption remains restrained - With growth of just under five percent, the German economy will pick up speed in 2022 once bottlenecks have been overcome and infection rates have fallen on a sustained basis - Inflation no ...
We are pleased to announce that on May 27, 2022 DIW Berlin will host the “Macroeconometric Workshop”. The workshop covers presentations of both methodological and applied contributions on the frontier of research in quantitative macroeconomics, with a focus on empirical research. The event is jointly organized by the School of Business & Economics of Freie Universität Berlin...
From standard portfolio-choice theory it is well-understood that background risk, overwhelmingly due to wage risk, is one of the central determinants of individuals’ portfolio composition: higher background risk reduces risky investments. However, if background risk is negatively correlated with financial market risk, higher background risk implies more risky investment. We quantify the influence of ...
In order to facilitate novel user's access to the rich data-source of the SOEP, we will host another online-workshop in October. The aim of the workshop is to familiarize novel users with the content and structure of the dataset, its potentials for social-scientific research and accompanying documentation matieral. Practical examples of data management will be discussed. The workshop will last two ...
The Socio-Economic Panel (SOEP) at DIW Berlin and the University of Bremen are working together to develop a household panel study on the topic of social cohesion. The survey is being conducted by the infas Institute for Applied Social Science under the name “Zusammenleben in Deutschland,” or “Living Together in Germany.” The University of Bremen is taking part in the project as a participant in...
In the first part of the workshop, organized in the framework of the CFM-TRACTION Project, we will discuss design options for CCfDs, preliminary results on the scale of savings that CCfDs could achieve, and a first estimate of the amount of public funding required for CCfDs in Germany. In the second part, we will discuss possible revenues of CO2 pricing with a pass-through of CO2 costs...
