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EDDI18 – 10th Annual European DDI User Conference

EDDI18 is organized jointly by SOEP - The German Socio-Economic Panel, GESIS - Leibniz Institute for the Social Sciences and IDSC of IZA - International Data Service Center of the Institute for the Study of Labor. The conference will bring together DDI users and professionals from all over Europe and the world. Anyone interested in developing, applying, or using DDI is invited to attend and...

Income Inequality in Germany

Heterogeneous Immigrants, Exports and Foreign Direct Investment: The Role of Language Skills

We investigate the interplay of language skills and immigrant stocks in determining bilateral FDI outstocks of OECD reporting countries. Applying a Poisson panel estimator to 2004–11 data, we find robust evidence for a positive effect of bilateral immigrants on bilateral FDI-provided that residents of the two countries have few language skills in common. We find a similar effect for immigrants from ...

When Is Foreign Exchange Intervention Effective? Evidence from 33 Countries

This paper examines foreign exchange intervention based on novel daily data covering 33 countries from 1995 to 2011. We find that intervention is widely used and an effective policy tool, with a success rate in excess of 80 percent under some criteria. The policy works well in terms of smoothing the path of exchange rates, and in stabilizing the exchange rate in countries with narrow band regimes. ...

A Comparison of Intergenerational Mobility Curves in Germany, Norway, Sweden, and the US

We examine intergenerational mobility differences between Germany, Norway, Sweden, and the US. Using ranks, we find that the US is substantially less intergenerationally mobile than the three European countries and that the most mobile region of the US is less mobile than the least mobile regions of Norway and Sweden. Using a linear estimator of income share mobility, we find that the four countries ...

Financial Literacy and Financial Behavior: Evidence from the Emerging Asian Middle Class

This paper analyses financial literacy and financial behavior of middle class people living an urban Asian economy. Other than most papers on financial literacy that focus on people in developed countries, we surveyed people living Bangkok. Using standard financial literacy questions, we find that financial literacy levels are largely comparable to industrialized countries, but understanding of more ...

High-level Conference on Sustainable Finance

The final report by the EU high-level expert group on sustainable finance (HLEG) was delivered on 31 January, the Commission, in the meantime, “responded” with an action plan on 8 March and the March European Council will need to take a stance on it as well. More than 2 years after the “Paris Climate Deal” and the entry into force of the “Sustainable Development Goals...

Worries Across Time and Age in the German Socio-Economic Panel Study

We investigate how indicators of dissatisfaction—worries about a variety of life domains such as health, the state of the economy, and immigration—change across time and age in Germany based on Socio-Economic Panel (SOEP) data. As expected, contemporary world events influenced respondents’ worries. For example, worries about peace peaked in 2003, the year of the Iraq War; worries about both immigration ...

Top Incomes in Germany, 1871-2013

This study provides new homogeneous series on top income shares in Germany from the early phase of industrialization until present. German income tax statistics offer the unique possibility to go back as far as 1871 and produce series for eight German states ranging from heavily industrializing Prussia or Saxony to mostly agrarian Baden or Wurttemberg. Top income earners in Germany are mostly business ...

Weighting in PIAAC-L 2015