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Record linkage between Socio-Economic Panel and administrative pension data — a combined dataset for life course research (SOEP-RV)

This project is being carried out in cooperation with the Research Data Centre of the German Pension Insurance (FDZ-RV). It aims at linking survey data from the Socio-Economic Panel (SOEP) with individual administrative data from the German Pension Insurance. The administrative data contain monthly employment and pension histories on individuals in dependent employment starting at the age of 14.

Policy Responses to Turkey’s Crisis: Independent Central Bank and International Credit

The presently tenuous situation in Turkey will worsen if the government does not take appropriate policy action. In view of foreign investors’ loss of confidence, the cost of external financing is likely to rise while consumption and investment will fall, and the Turkish lira would depreciate further. The influx of foreign capital would dry up as well. Conservative estimates show that the country’s ...

Policy Responses to Turkey’s Crisis: Independent Central Bank and International Credit

The presently tenuous situation in Turkey will worsen if the government does not take appropriate policy action. In view of foreign investors’ loss of confidence, the cost of external financing is likely to rise while consumption and investment will fall, and the Turkish lira would depreciate further. The influx of foreign capital would dry up as well. Conservative estimates show that the country’s ...

When Shocks Become Persistent: Household-Level Asset Growth in the Aftermath of an Extreme Weather Event

With the increasing frequency and intensity of extreme weather events due to climate change, assessing the potential long-term effects of these events for affected households is critically important. This study analyzes to what extent a one-off extreme weather event can have persistent effects on household-level asset growth. Our focus is on the effect of a once-in-50-year winter disaster on post-shock ...

German economy continues to grow moderately but risks remain

According to DIW Berlin estimations, the German economy will continue on its current growth path over the next three years. This confirms the forecast from early summer that economic output will grow at a more moderate pace than previously. DIW Berlin’s forecast indicates growth of 1.8 percent for 2018, 1.7 percent for 2019, and 1.8 percent for 2020. In contrast to the strong export performance ...

Forward guidance and policy normalisation

Benoît Cœuré has been a member of the Executive Board of the European Central Bank since 1 January 2012. He is responsible for International and European Relations, Market Operations and the Oversight of Payment Systems. He is the Chairman of the Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlements, and has held this position since...

It's All About Gains: Risk Preferences in Problem Gambling

Problem gambling is a serious socioeconomic problem involving high individual and social costs. In this article, we study risk preferences of problem gamblers including their risk attitudes in the gain and loss domains, their weighting of probabilities, and their degree of loss aversion. Our findings indicate that problem gamblers are systematically more risk taking and less sensitive toward changes ...

Research Handbook on Emissions Trading: Edited by Stefan E. Weishaar (Edward Elgar Publisjing 2016) 366 pages ...

Educational Inequality and Intergenerational Mobility in Latin America: A New Database

The causes and consequences of the intergenerational persistence of inequality are a topic of great interest among various fields in economics. However, until now, issues of data availability have restricted a broader and cross-national perspective on the topic. Based on rich sets of harmonized household survey data, we contribute to filling this gap by computing time series for several indexes of ...

Improvement of the research data infrastructure in the area of high-worth individuals with the Socio-Economic Panel

The lack of a register-based sampling frame on high-worth individuals in many countries challenged previous attempts to sample high-worth individuals in voluntary scientific surveys. As a result, these individuals are typically under-represented in population surveys. In a novel research design, we draw on register data on the shareholding structures of companies as a sampling frame. Our design...