The objective of the project is to analyze the effects of long enduring low interest rates on household investment behavior, setting a special focus on the stock market participation of German and US households. In particular, we address four questions within the project. Did the low interest rate environment induced more households to enter the stock market? How do low interest rates affect the...
In 2015, Germany introduced a statutory hourly minimum wage that was not only universally binding but also set at a relatively high level. We discuss the short‐run effects of this new minimum wage on a wide set of socioeconomic outcomes, such as employment and working hours, earnings and wage inequality, dependent and self‐employment, as well as reservation wages and satisfaction. We also discuss difficulties ...
Australian Political Scientist Bruce Headey was not only one of the first SOEP data users—he was one of the first researchers in the world to discover the value of the SOEP for research on happiness. Headey is a Principal Fellow at the Melbourne Institute of Applied Economic and Social Research in the University of Melbourne. He is a specialist in welfare and distributional issues and at the ...
Australian Political Scientist Bruce Headey was not only one of the first SOEP data users—he was one of the first researchers in the world to discover the value of the SOEP for research on happiness. Headey is a Principal Fellow at the Melbourne Institute of Applied Economic and Social Research in the University of Melbourne. He is a specialist in welfare and distributional issues and at the...
A timely and incisive look at austerity measures that succeed—and those that don’t. Fiscal austerity is hugely controversial. Opponents argue that it can trigger downward growth spirals and become self-defeating. Supporters argue that budget deficits have to be tackled aggressively at all times and at all costs. In this masterful book, three of today’s leading experts –...
The ecological tax reform that Germany implemented between 1999 and 2003 increased energy tax rates—especially on gasoline and diesel. Today, the ecological tax hikes yield an annual revenue of around 20 billion euros or 0.6 percent of GDP. The money is used to finance a higher federal grant to the public pension scheme. Calculations based on a pension simulation model show that the contribution rate ...
by Stefan Bach, Hermann Buslei, Michelle Harnisch and Niklas Isaak The ecological tax reform that Germany implemented between 1999 and 2003 increased energy tax rates—especially on gasoline and diesel. Today, the ecological tax hikes yield an annual revenue of around 20 billion euros or 0.6 percent of GDP. The money is used to finance a higher federal grant to the public pension scheme. Calculations ...
Press reports
Press Releases
