Many governments consider new nuclear power plants to promote decarbonization. On the one hand, dispatchable nuclear plants can complement fluctuating generation from wind and PV. On the other hand, escalating construction costs and times raise economic concerns. This paper investigates the economic threshold at which nuclear plants are an efficient decarbonization option. Building on an extensive ...
This dissertation comprises four chapters that contribute to the literature on labor economics, with a particular focus on labor market challenges associated with population aging. As demographic change leads to growing labor shortages, two key strategies have emerged to mitigate its effects: increasing immigration and promoting higher labor force participation among older workers. The first two chapters ...
Diese Dissertation besteht aus drei Aufsätzen, die die Auswirkungen mikroökonomischer Heterogenität auf die aggregierten Effekte der Geld- und Fiskalpolitik sowie der makroprudenziellen Politik untersuchen. Der erste Aufsatz, gemeinsam mit Fabian Seyrich verfasst, zeigt, dass Fiskalpolitik in einem neukeynesianischen Modell mit heterogenen Haushalten (HANK) ein perfektes Substitut für Geldpolitik sein ...
Carbon pricing policies are usually combined with compensation for exposed firms to prevent adverse competitiveness effects. In cap-and-trade systems, this carbon cost compensation mostly occurs through free allocation of emission permits. Using an administrative panel of German manufacturing firms, this paper investigates how free allocation in the European Union Emissions Trading System affects firms’ ...
