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Estimating a Latent Risk Premium in Exchange Rate Futures

Using exchange rates futures instead of forwards completes the maturity spectrum of the correlation between the spot return and the premium. The correlation decreases with increasing maturity, presumably due to a latent risk premium. We hypothesize that the influence of the unobserved risk factor has a contract-specific risk component. Our main contribution is to control for the omitted variable bias ...

SOEP mourns loss of former SOEP Director Wolfgang Zapf

Wolfgang Zapf, former SOEP Director and longtime supporter and advocate for the SOEP, passed away in late April at the age of 81. Wolfgang Zapf was instrumental in the founding of the SOEP study in the early 1980s, together with colleagues in the fields of sociology and economics. He has had an enduring influence on the measurement concepts used in the SOEP, and his quality of life concept has become ...

SOEP 2018 - Registration is open now

The registration for the 13th International German Socio-Economic Panel User Conference (SOEP2018) is open now! Please visit our conference homepage for more information (the detailled program will be published soon). We are obliged to charge all conference participants a registration fee.Regular fee: 140 EUR / Reduced fee (Students & enrolled Phd Students): 80 EUR.The fee includes conference ...

How Does Education Improve Cognitive Skills? Instructional Time versus Timing of Instruction

This paper investigates two mechanisms through which education may affect cognitive skills in adolescence, exploiting a school reform carried out at the state level in Germany as a quasi-natural experiment to identify causal effects: between 2001 and 2007, years at academic-track high school were reduced by one, leaving the overall curriculum unchanged. First, I exploit the variation over time and ...

China's Emissions Trading Takes Steps Towards Big Ambitions

China recently announced its national emissions trading scheme, advancing market-based approaches to cutting greenhouse gas emissions. Its evolution over coming years will determine whether it becomes an effective part of China’s portfolio of climate policies.

A Review of Technology and Policy Deep Decarbonization Pathway Options for Making Energy-Intensive Industry Production Consistent with the Paris Agreement

Pricing Carbon Consumption: Synthesizing an Emerging Trend

Nearly every carbon price regulates the production of carbon emissions, typically at midstream points of compliance such as power plants, consistent with typical advice from the literature. Since the early 2010s however, policymakers in Australia, California, China, Japan and Korea have implemented carbon prices that regulate the consumption of carbon emissions, where points of compliance are further ...

Pathways between Socioeconomic Status and Health: Does Health Selection or Social Causation Dominate in Europe?

Health differences which correspond to socioeconomic status (SES) can be attributed to three causal mechanisms: SES affects health (social causation), health affects SES (health selection), and common background factors influence both SES and health (indirect selection). Using retrospective survey data from 10 European countries (SHARELIFE, n = 20,227) and structural equation models in a cross-lagged ...

Comparative Life Course Research

SOEPcampus@Universität Mannheim 2019

This year's SOEPcampus@University of Mannheim Workshop "Längsschnittdatenanalyse mit dem Sozio-oekonomischen Panel (SOEP)" will take place from June 24-26 (the workshop is held in German). Registration: Please use the registration form and/or contact Deborah Gottinger-Würtz soeporga@mail.uni-mannheim.de