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Returns to Scale, Productivity Measurement, and Trends in U.S. Manufacturing Misallocation

On the Accuracy of Linear DSGE Solution Methods and the Consequences for Log-Normal Asset Pricing

Prosumage of Solar Electricity: Tariff Design, Capacity Investments, and Power Sector Effects

We analyze how tariff design incentivizes households to invest in residential photovoltaic and battery storage systems, and explore selected electricity sector effects. To this end, we develop an open-source electricity sector model that explicitly features prosumage agents and apply it to German 2030 scenarios. Results show that lower feed-in tariffs substantially reduce investments in residential ...

The Nexus between Loan Portfolio Size and Volatility: Does Bank Capital Regulation Matter?

This paper analyzes the effects of bank capital regulation on the link between bank size and volatility. Using bank-level data for 27 advanced economies over the 2000–2014 period, we estimate a power law that relates the volume of a bank’s loan portfolio to the volatility of loan growth. Our analysis reveals, first, that more stringent capital regulation weakens the size-volatility nexus. Hence, in ...

Comparing the Educational Gradients in Three Cardiovascular Disease-Specific Health Measures

Less-educated persons have worse cardiovascular health. We compare the educational gradients in three disease-specific health measures (biomarkers, self-reported doctors’ diagnoses and cause-specific mortality) in order to compare their relevance in different stages of the disease process. We study 14,102 people aged 50–89 from the US Health Retirement Study (HRS) in the period 2006–17. We use six ...

Alternative Recipes for Life Satisfaction: Evidence from Five World Regions

In most cross-national research on Life Satisfaction (LS) an implicit assumption appears to be that the correlates of LS are the same the world over; ‘one size fits all’. Using data from the World Values Survey (1999–2014), we question this assumption by assessing the effects of differing personal values/life priorities on LS in five world regions: the West, Latin America, the Asian-Confucian region, ...

The Value of Data for Prediction Policy Problems: Evidence from Antibiotic Prescribing

Large-scale data show promise to provide efficiency gains through individualized risk predictions in many business and policy settings. Yet, assessments of the degree of data-enabled efficiency improvements remain scarce. We quantify the value of the availability of a variety of data combinations for tackling the policy problem of curbing antibiotic resistance, where the reduction of inefficient antibiotic ...

25 Years of European Merger Control

We study the determinants of common European merger policy over its first 25 years, from 1990 to 2014. Using a novel dataset at the level of the relevant antitrust markets and containing all relevant merger cases notified to the European Commission, we evaluate how consistently arguments related to structural market parameters – dominance, rising concentration, barriers to entry, and foreclosure – ...

Scientific Skills Workshop (date option 2)

The DIW Graduate Center is pleased to offer a workshop on giving scientific presentations. It is designed for all doctoral students and researchers at the DIW who would like to improve their skills in talking in front of an audience. We offer two alternative workshops of the same content to make participation available to more people. Each one lasts one and a half days, and can host eight persons....

Scientific Skills Workshop (date option 1)

The DIW Graduate Center is pleased to offer a workshop on writing good texts for academic journals. It is designed for all doctoral students and researchers at DIW who would like to improve their English writing skills. We offer two alternative sessions of the same content to make participation available to more people. Each session can host 8 persons. Please register with Daniela Centemero ...