We advance the literature on political budget cycles by testing for cycles in expenditures for elections to the legislative and the executive branches. Using municipal data, we identify cycles independently for the two branches, evaluate the effects of overlaps, and account for general year effects. We find sizable effects on expenditures before legislative elections and even larger effects before ...
In this paper, we study the employment of workers from Central, Eastern and Southeastern European (CESEE) EU Member States in Austria after the Eastern enlargement of the European Union. To prevent a sudden rush of immigrants into the labor market, Austria opted for a transition period during which immigration remained restricted. We will show that these restrictions had the anticipated effect; while ...
This paper studies the extent to which working couples can insure one another against cyclical fluctuations in the labor market and examines the implications of joint household decision-making for cyclical fluctuations in the unemployment rate. For this purpose, I provide a dynamic life-cycle model of households that make joint savings and job search decisions in the presence of aggregate shocks. I ...
This project is being carried out in cooperation with the Research Data Centre of the German Pension Insurance (FDZ-RV). It aims at linking survey data from the Socio-Economic Panel (SOEP) with individual administrative data from the German Pension Insurance. The administrative data contain monthly employment and pension histories on individuals in dependent employment starting at the age of 14.
The presently tenuous situation in Turkey will worsen if the government does not take appropriate policy action. In view of foreign investors’ loss of confidence, the cost of external financing is likely to rise while consumption and investment will fall, and the Turkish lira would depreciate further. The influx of foreign capital would dry up as well. Conservative estimates show that the country’s ...
With the increasing frequency and intensity of extreme weather events due to climate change, assessing the potential long-term effects of these events for affected households is critically important. This study analyzes to what extent a one-off extreme weather event can have persistent effects on household-level asset growth. Our focus is on the effect of a once-in-50-year winter disaster on post-shock ...
The lack of a register-based sampling frame on high-worth individuals in many countries challenged previous attempts to sample high-worth individuals in voluntary scientific surveys. As a result, these individuals are typically under-represented in population surveys. In a novel research design, we draw on register data on the shareholding structures of companies as a sampling frame. Our design...
On September 12, 2018, the president of the Technical University of Berlin appointed Tomaso Duso professor of empirical industrial economics at the Faculty of Economics and Management. The appointment was made jointly with DIW Berlin and involves heading the Firms and Markets Department at DIW Berlin. Tomaso Duso was previously professor of empirical industrial economics at the Düsseldorf Institute ...
