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Green Deal for Industry: A Clear Policy Framework Is More Important Than Funding

The European Commission is facing the challenge and opportunity of implementing the Green Deal while simultaneously initiating the recovery of the economy following the coronavirus crisis. Investments in the basic materials industry’s transition to climate neutrality play a central role in this, as the sector is responsible for 16 percent of the EU’s CO2 emissions and is key to downstream value chains. ...

SOEP-Core v35: Codebook for the EU-SILC-Like Panel for Germany Based on the SOEP

Lost Job, Lost Trust? On the Effect of Involuntary Job Loss on Trust

This paper tests the conjecture that involuntary job loss erodes trust. Using the German Socio-Economic Panel and considering how trust evolves over a quinquennial time interval, we find that job loss decreases trust by about 9 percent of a standard deviation.

Crowding of International Mutual Funds

We study the relationship between crowding and performance in the active mutual fund industry. We construct a fund-specific measure of crowding using the equity holdings overlap of 17,364 global funds. Funds in the top decile of crowding underperform passive benchmark funds by 1.4% per year. The impact of crowding on performance cannot be attributed to diseconomies of scale. We explore several mechanisms: ...

The rise of common ownership: Europe vs the US

Common ownership - when an investor holds shares in two companies - has recently attracted significant attention from policy-makers and researchers, studying mainly US firms. European firms, however, are different as top investors with large stakes, like governments, founding families and foundations are much more prevalent. This paper takes a well-known common ownership measure derived from...

Common Ownership Patterns in the European Banking Sector – The Impact of the Financial Crisis

We provide a description of ownership patterns in the top 25 European banks for the period 2003–2015, where we especially focus on the global financial crisis. Investment managers, such as Blackrock, are dominant in terms of number of block holdings in different banks, maintaining fairly stable “common ownership” networks throughout our sample. However, the financial crisis led...

Women on the Move – Current Perspectives on Female Migration

Today, half of the world’s migrants are female, amounting to 114 million individuals in 2017. The intersection between migration and gender has profound consequences for individuals: gender affects, amongst others migration motifs, selection into migration, as well as decisions on destination countries. Further, the experiences in the host country are gender-specific and especially so when...

Parental Separation during Childhood and Adult Children’s Wealth

This study examines the association between parental separations during childhood and economic wealth of adult children. We provide a new test of this relationship and address two unresolved debates in the literature concerning (1) the pathways linking parental separation and adult children’s wealth and (2) the relevance of the timing of exposure. We use data from the Household, Income and Labour Dynamics ...

Assessment of German Public Attitudes toward Health Communications with Varying Degrees of Scientific Uncertainty Regarding COVID-19

This survey study assesses attitudes of the German public regarding COVID-19 health communications with varying degrees of scientific uncertainty.

A Mega-Analysis of Personality Prediction: Robustness and Boundary Conditions

Decades of studies identify personality traits as an important predictor of life outcomes. However, previous investigations of personality-outcome associations have not taken a principled approach to covariate use or other sampling strategies to ensure the robustness of personality-outcome associations. The result is that it is unclear (1)...