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 ...
We regret to inform you that SOEP 2020 cannot take place this year. The call for papers on our SOEP2020 - 14th International German Socio-Economic Panel User Conference is online. Conference date: July 9-10, 2020, in Berlin! Please submit electronic versions of abstracts (up to 300 words) no later than JAN 31, 2020 to: soep2020@diw.de Researchers of all disciplines are invited to submit an abstract.The ...
Favorable labor market conditions and the resulting increase in private consumption are still sustaining the global economy. Trade disputes and political uncertainties, however, continue to slow investment activity, with the result that economic growth will only be moderate particularly in advanced economies. By contrast, growth is accelerating in emerging markets, especially in India. Global economic ...
The German economy remains weak as of the fourth quarter of 2019. However, although industrial production is continuing its downward trend, there are signs of a slow recovery. The manufacturing sector is likely to expand production gradually beginning in 2020; therefore, it is less likely the recession in the industry will affect the service sector and construction industry. These sectors are profiting ...
This paper evaluates how a light-touch parenting program for parents of children below school entry age affects maternal well-being. We first analyze data from a randomized controlled trial focusing on more advantaged parents. Second, we use a sample of mothers from deprived neighborhoods, for which we generate a control group using additional data. Overall, results show a relatively large positive ...
Objective: Although losing one’s spouse is one of the worst experiences that can occur in life, it has not been resolved yet how this experience relates to personality development. Method: In the German Socio-Economic Panel study (SOEP), information on the death of a spouse was assessed yearly from 1985 to 2017 and personality was measured repeatedly in 2005, 2009, 2013, and 2017 with the BFI-S. We ...
