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Improvement of the research data infrastructure in the area of high-worth individuals with the Socio-Economic Panel

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...

The Entitlement Effect in the Ultimatum Game - Does it Even Exist?

Since the seminal paper of Hoffman et al. (1994), an entitlement effect is believed to exist in the Ultimatum Game, in the sense that proposers who have earned their role (as opposed to having it randomly allocated) offer a smaller share of the pie to their matched responder. The entitlement effect is at the core of experimental Public Choice – not just because it concerns the topics of bargaining ...

Model Selection Methods for Panel Vector Autoregressive Models

The Entitlement Effect in the Ultimatum Game - Does It Even Exist?

Since the seminal paper of Hoffman et al. (1994), an entitlement effect is believed to exist in the Ultimatum Game, in the sense that proposers who have earned their role (as opposed to having it randomly allocated) offer a smaller share of the pie to their matched responder. The entitlement effect is at the core of experimental Public Choice – not just because it concerns the topics of bargaining ...

German economy continues to grow moderately but risks remain

According to DIW Berlin estimations, the German economy will continue on its current growth path over the next three years. This confirms the forecast from early summer that economic output will grow at a more moderate pace than previously. DIW Berlin’s forecast indicates growth of 1.8 percent for 2018, 1.7 percent for 2019, and 1.8 percent for 2020. In contrast to the strong export performance ...

Tomaso Duso appointed professor at the Technical University of Berlin

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 ...

Violence and Risk Preference: Experimental Evidence from Afghanistan: Comment

In this comment on Callen et al. (2014), I revisit recent evidence uncovering a "preference for certainty" in violation of dominant normative and descriptive theories of decision-making under risk. I show that the empirical findings are potentially confounded by systematic noise. I then develop choice lists that allow me to disentangle these different explanations. Experimental results obtained with ...

Gene Discovery and Polygenic Prediction from a Genome-Wide Association Study of Educational Attainment in 1.1 Million Individuals

Here we conducted a large-scale genetic association analysis of educational attainment in a sample of approximately 1.1 million individuals and identify 1,271 independent genome-wide-significant SNPs. For the SNPs taken together, we found evidence of heterogeneous effects across environments. The SNPs implicate genes involved in brain-development processes and neuron-to-neuron communication. In a separate ...

Monetary Policy and Inflation Dynamics in ASEAN Economies

This paper investigates the evolution of inflation dynamics in the five largest ASEAN countries between 1997 and 2017. To account for changes in the monetary policy frameworks since the Asian Financial Crisis (AFC), the analysis is based on country-specific Phillips Curves allowing for time-varying parameters. The paper finds evidence of a higher degree of forward-looking dynamics and a better anchoring ...

Interactions between Regulatory and Corporate Taxes: How Is Bank Leverage Affected?

Regulatory bank levies set incentives for banks to reduce leverage. At the same time, corporate income taxation makes funding through debt more attractive. In this paper, we explore how regulatory levies affect bank capital structure, depending on corporate income taxation. Based on bank balance sheet data from 2006 to 2014 for a panel of EU-banks, our analysis yields three main results: The introduction ...