Homeownership is far less prevalent in Germany than in most other European countries. This Weekly Report examines the extent to which homeownership in Germany depends on the ownership status of parents and how the association has changed over time. Homeownership rates are significantly lower among younger birth cohorts than among older cohorts. At the same time, intergenerational mobility toward renting ...
This paper studies the labor market impact of structural change by distinguishing between industry- and occupation-based measures of manufacturing and service employment. Using German data from 1975–2019, we find that 67% of manufacturing jobs lost in manufacturing industries are offset by new manufacturing jobs in service industries. Linking these aggregate patterns to worker-level outcomes, we show ...
The IT and Research Infrastructure , Communications , Finance , and Human Resources and Organisation departments support the work of the Executive Board and research departments. The IT and Research Infrastructure Department combines two former service departments, Library and Information Technology. The department's function is to support the institute's research by providing the necessary ...
While Equity Crowdfunding (ECF) platforms are a virtual space for raising funds, geography remains relevant. To determine how location matters for entrepreneurs using equity crowdfunding (ECF), we analyze the spatial distribution of successful ECF campaigns and the spatial relationship between ECF campaigns and traditional investors, such as banks and venture capitalists (VCs). Using data from the ...
Academic life is full of challenge and possibility. You get to ask big questions, dive deep into ideas, and push the boundaries of what’s known. But the same environment — with its high expectations and constant deadlines — can leave you stretched thin, stuck in your head, and unsure if you’re doing enough. Neeltje van Horen knows that tension well. As a professor of economics and senior advisor...
Trade conflicts, geopolitical tensions, digital disruption, and the climate crisis pose major challenges for the European Union (EU) and its member states. As called for in the Draghi Report, industrial policy measures can increase competitiveness, strengthen resilience, and facilitate the twin transformation. This article explores ways in which competition policy can be realigned to better accommodate ...
