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DIW Discussion Papers 1700 / 2017
Nuclear power was one of the most important discoveries of the twentieth century, and it continues to play an important role in twenty-first century discussions about the future energy mix, climate change, innovation, proliferation, geopolitics, and many other crucial policy topics. This paper addresses some key issues around the emergence of nuclear power in the twentieth century and perspectives ...
2017| Christian von Hirschhausen
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Refereed essays Web of Science
Due to increased empirical interest in narcissism across the social sciences, there is a need for inventories that can be administered quickly while also reliably measuring both the agentic and antagonistic aspects of grandiose narcissism. In this study, we sought to validate the factor structure, provide representative descriptive data and reliability estimates, assess the reliability across the trait ...
In:
Psychological Assessment
30 (2018), 1, S. 86-96
| Marius Leckelt, Eunike Wetzel, Tanja M. Gerlach, Robert A. Ackerman, Joshua D.Miller, William J. Chopik, Lars Penke, Katharina Geukes, Albrecht C. P. Küfner, Roos Hutteman, David Richter, Karl-Heinz Renner, Marc Allroggen, Courtney Brecheen, W. Keith Campbell, Igor Grossmann, Mitja D. Back
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Refereed essays Web of Science
We examine the consequences of compressing secondary schooling on university enrollment. An unusual education reform in Germany reduced the length of academic high school while simultaneously increasing the instruction hours in the remaining years. Accordingly, students receive the same amount of schooling but over a shorter period of time. Based on a difference-in-differences approach and using administrative ...
In:
Journal of Human Resources
54 (2019), 2, S. 468-502
| Jan Marcus, Vaishali Zambre
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DIW Discussion Papers 1719 / 2018
This paper applies long-memory techniques (both parametric and semi-parametric) to examine whether Brexit has led to any significant changes in the degree of persistence of the FTSE 100 Implied Volatility Index (IVI) and of the British pound’s implied volatilities (IVs) vis-à-vis the main currencies traded in the FOREX, namely the euro, the US dollar and the Japanese yen. We split the sample to compare ...
2018| Guglielmo Maria Caporale, Luis A. Gil-Alana, Tommaso Trani
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DIW Discussion Papers 1718 / 2018
This paper examines price overreactions in the case of the following cryptocurrencies: BitCoin, LiteCoin, Ripple and Dash. A number of parametric (t-test, ANOVA, regression analysis with dummy variables) and non-parametric (Mann–Whitney U test) tests confirm the presence of price patterns after overreactions: the next-day price changes in both directions are bigger than after “normal” days. A trading ...
2018| Guglielmo Maria Caporale, Alex Plastun
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Cluster-Seminar Öffentliche Finanzen und Lebenslagen
We test the predictions of the Roy-Model about the self-selection of immigrants using an administrative dataset including about 90 % of Italians living abroad. The data comprises 13 countries with substantial differences in inequality and levels of redistribution: Argentina, Australia, Belgium, Brazil, Canada, France, Great-Britain, Germany, The Netherlands, New-Zealand, Switzerland, the US, and...
31.01.2018| Guido Neidhöfer
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SOEPpapers 952 / 2017
This paper uses information on the legal status upon arrival to study long-term labor market effects, whereas selection and potential outmigration are taken into account by a large set of methods. I find that immigrants arrived with a job commitment in Germany achieve a longterm income advantage of 18.6% relative to other migrant groups, while language skills and ethnic networks can be excluded as ...
2017| Eric Schuss
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SOEPpapers 953 / 2017
A common assumption in the optimal taxation literature is that the social planner maximizes a welfarist social welfare function with weights decreasing with income. However, high transfer withdrawal rates in many countries imply very low weights for the working poor in practice. We reconcile this puzzle by generalizing the optimal taxation framework by Saez (2002) to allow for alternatives to welfarism. ...
2017| Robin Jessen, Maria Metzing, Davud Rostam-Afschar
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DIW Roundup 119 / 2018
The ECB announced in October 2018 that it would begin to cut back the amount of monthly asset purchases starting January 2018 while extending the duration of the purchases until at least September 2018. At it latest Governor’s Council meeting in January 2019 it decided to remain on this track despite a sharp appreciation of the euro in the meanwhile. These steps were just two on a longer and potentially ...
2018| Daniel Privitera, Malte Rieth
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Refereed essays Web of Science
Revenue cap regulation is often combined with systematic benchmarking to reveal the managerial inefficiencies when regulating natural monopolies. One example is the European energy sector, where benchmarking is based on actual cost data, which are influenced by managerial inefficiency as well as operational heterogeneity. This paper demonstrates how a conditional nonparametric method, which allows ...
In:
European Journal of Operational Research
265 (2018), 2, S. 710-722
| Endre Bjoerndal, Mette Björndal, Astrid Cullmann, Maria Nieswand