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Essays on Structural Vector Autoregressions Identified through Time-Varying Volatility

Numerical Models for Emerging Energy and Resource Issues: Examples from Tight Oil, Global Energy, and Rural Electrification

Do(n’t) Worry, It’s Temporary: The Effects of Fixed‑Term Employment on Affective Well‑Being

This paper examines the impact of fixed-term employment on the affective and cognitive well-being of employees operationalized by the subjective frequency of the basic emotions of happiness, sadness, fear and anger as well as life satisfaction. Longitudinal effects were analysed across 10 waves of sampling from the Socio-Economic Panel (SOEP), an annual representative survey in Germany. Random effects ...

An Investment in the Future: Institutional Aspects of Credential Recognition of Refugees in Germany

Adding to the rich literature on the economic integration of refugees, this article extends the scope towards the role of institutions by focusing on the transfer of human capital by means of credential recognition. The 2012 Federal Act of Recognition in Germany is a new institution that provides the possibility to study the transfer of human capital in depth. I argue that analysing the decision for ...

Green Public Procurement: Climate Provisions in Public Tenders Can Help Reduce German Carbon Emissions

This report estimates that government consumption and investment are responsible for at least 12 percent of German greenhouse gas emissions, mostly arising from the provision of public services and construction. Climate-friendly Green Public Procurement (GPP), which takes into account the carbon footprint of products and services in public tenders, can help reduce these emissions. Construction, and ...

Legal History, Institutions and Banking System Development in Africa

This paper links banking systems development to the colonial and legal history of African countries. Specifically, we investigate the impact of differing legal traditions on the development of existing investor and creditor protection, and on African banking systems. Based on a sample of 40 African countries from 2000 to 2016, our empirical findings show a significant dependence of current financial ...

Comparing Self-Reported and Partnership-Inferred Sexual Orientation in Household Surveys

Research comparing heterosexuals with bisexuals and homosexuals in economics and the social sciences typically relies on two strategies to identify sexual orientation in existing survey data of general populations. Probing respondents to self-report their sexual orientation is generally considered the preferred option. Since self-reports are unavailable in most large multidisciplinary surveys, often ...

Is Monetary Policy Gender Neutral? Evidence from the Stock Market

We use US household survey data from 2001-2017 to investigate whether monetary policy has heterogeneous effects on women's and men's financial portfolio decisions by analyzing their equity investment. On the one hand, monetary policy significantly affects the entry decisions of women, but not of men: after a contractionary shock, the probability of women entering the stock market decreases. On the ...

Merger Efficiency Gains: Evidence from a Large Transport Merger in France

Many industries are seeing an increase in concentration, leading to a discussion on the effectiveness of horizontal merger enforcement. The policy debate shows that one of the key arguments put forward when supporting potential mergers is the possibility of realization of merger efficiency gains, specifically in the transport industry. Yet, there exists little empirical evidence on the actual effects ...

Modeling the Low-Carbon Transition of the European Energy System - a Quantitative Assessment of the Stranded Assets Problem

In this paper, multiple pathways for the European energy system until 2050 are computed, focusing on one of the major challenges of the low-carbon transition: the issue of unused capacities and stranded assets. Three different scenarios are analyzed, utilizing the Global Energy System Model (GENeSYS-MOD) for calculations. A major feature is the introduction of limited foresight and imperfect planning ...