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The Effects of Natural Disasters on Price Stability in the Euro Area

This paper investigates the impact of natural disasters on price stability in the euro area. We estimate panel and country-specific structural vector autoregression (VAR) models by combining estimated damages of disaster events with monthly data for the Harmonised Index of Consumer Prices (HICP) for all euro area countries over the period 1996-2021. Besides estimating the effect on overall headline ...

Policy Evaluation of Waste Pricing Programs Using Heterogeneous Causal Effect Estimation

Using machine learning methods in a quasi-experimental setting, I study the heterogeneous effects of introducing waste prices - unit prices on household unsorted waste disposal - on waste demands and social welfare. First, using a unique panel of Italian municipalities with large variation in prices and observables, I show that waste demands are nonlinear. - find evidence of constant elasticities at ...

SOEP-Core – 2020: Sampling, Nonresponse, and Weighting in Living in Germany – Nationwide Corona Monitoring (RKI-SOEP)

Fossil Natural Gas Exit – A New Narrative for the European Energy Transformation towards Decarbonization

This paper discusses the potential role of fossil natural gas in the process of the energy transformation in Europe on its way to decarbonization. Mainstream conventional wisdom has it that natural gas, perhaps in combination with other gases, should maintain an important role in the energy mix, first, as a "bridge fuel", and then through a gradual transition toward "decarbonized gases". However, when ...

Does Grandparenting Pay off for the Next Generations? Intergenerational Effects of Grandparental Care

Grandparents act as the third largest caregiver after parental care and daycare in Germany, as in many Western societies. Adopting a double-generation perspective, we investigate the causal impact of this care mode on children’s health, socio-emotional behavior, and school outcomes, as well as parental well-being. Based on representative German panel data sets, and exploiting arguably exogenous variations ...

Die EU Sustainable-Finance-Strategie: Implikationen für die künftige Bundesregierung

Die überarbeitete Sustainable-Finance-Strategie der EU bestätigt die wichtige Rolle der Finanzbranche für die Nachhaltigkeitstransition der Wirtschaft, konkretisiert sie jedoch nicht ausreichend. Viele der Maßnahmen sind begrüßenswert, oft mangelt es jedoch an Dringlichkeit und Dynamik. Die Strategie sollte stärker in das gesamtwirtschaftliche regulatorische Umfeld eingeordnet werden, um das Zusammenwirken ...

Causes and Consequences of Educational Attainment and Household Decisions: Six Essays in Applied Microeconomics

Power and Dignity in the low wage labor market: evidence from Walmart workers

Assessing EU Merger Control through Compensating Efficiencies

Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the European Commission between 1990 and ...

Early Retirement of Employees in Demanding Jobs: Evidence from a German Pension Reform

Early retirement options are usually targeted at employees at risk of not reaching their regular retirement age in employment. An important at-risk group comprises employees who have worked in demanding jobs for many years. This group may be particularly negatively affected by the abolition of early retirement options. To measure differences in labor market reactions of employees in low- and high-demand ...