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The role of heterogeneous expectations in life cycle models

BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.

Liquidity Regulation before Basel: Credit Limits as “Contingent Rules” at the Austro-Hungarian Bank" (co-authored with Kilian Rieder)

Making a nation-wide randomized field experiment: Lessons from the Finnish basic income trial

The original goal of the Finnish experiment of 2017 and 2018 was to try to get some evidence on how a new social policy instrument mimicking a basic income would work and what kind of behavioral consequences it would have. The realized experiment was restricted to people aged 25–58 already receiving a labor market subsidy or unemployment allowance and a total of 2,000 participants were...

The Real Effects of Distressed Bank Mergers

2nd annual Workshop for Women in Macroeconomics, Finance and Economic History

The 2nd annual Workshop for Women in Macroeconomics, Finance and Economic History is being organized by the DIW Berlin. The aim is to bring together female academic researchers and practitioners to promote and exchange ideas in the field of Macroeconomics, Finance, and Economic History. We invite contributions, including, but not limited to macroeconomic and financial stability, interactions...

Financial Stability: New, Detailed Datasets Allow for Innovation of Stress Tests

The 2008-2010 crisis has shown that authorities were missing crucial information necessary to identify risks to the financial system in an accurate and timely manner. To be prepared for future crises, a range of legislation in Europe and beyond was passed. The scope and depth of information being reported from across the financial system, including previously disregarded segments, have thus significantly ...

The Effect of Unemployment on the Smoking Behavior of Couples

Although unemployment likely entails various externalities, research examining its spillover effects on spouses is scarce. This is the first paper to estimate effects of unemployment on the smoking behavior of both spouses. Using German Socio‐Economic Panel data, we combine matching and difference‐in‐differences estimation, employing the post‐double‐selection method for control variable selection via ...

The Role of Aggregators in Facilitating Industrial Demand Response: Evidence from Germany

Industrial demand response can play an important part in balancing the intermittent production from a growing share of renewable energies in electricity markets. This paper analyses the role of aggregators – intermediaries between participants and the electricity market – in facilitating industrial demand response. Based on the results from semi-structured interviews with German demand response aggregators, ...

Selection into Employment and the Gender Wage Gap across the Distribution and over Time

Using quantile regression methods, this paper analyses the gender wage gap across the wage distribution and over time (1990-2014), while controlling for changing sample selection into full-time employment. Our findings show that the selection-corrected gender wage gap is much larger than the one observed in the data, which is mainly due to large positive selection of women into fulltime employment. ...

Does Social Policy through Rent Controls Inhibit New Construction? Some Answers from Long-Run Historical Evidence

The (re-)introduction of rent regulation in the form of rent controls, tenant protection or supply rationing is back on the agenda of policymakers in light of rent inflation in many global cities. While rent control as social policy promises short-term relief, economists point to their negative long-run effects on new construction. This paper present long-run data on both rent regulation and housing ...