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Growing United Upgrading Europe´s Convergence Machine

by Arup Banerji, Regional Director for the European Union countries, The World Bank Group and Christian Bodewig, Program Leader for Inclusive Growth, The World Bank Group Since its foundation more than 60 years ago, the European Union (EU) has become the modern world’s greatest “convergence machine,” propelling poorer, and newer, member states to become high-income...

SOEPnewsletter 119 published

We are happy to present our recent SOEPnewsletter 119, June 2018. We provide you with information about the release 2016 of the SOEP-IS data, which are out now, give you the opportunity to submit applications to an InGRID summer school on migration research at DIW Berlin, invite you to an international workshop on longitudinal data management and analysis (CNEF workshop) at DIW Berlin, give ...

Bretton Woods, Brussels, and Beyond: Redesigning the Institutions of Europe

Economists have discussed extensively what to do to reform the European Project and how, but have been broadly silent on who and when. Which institutions and rules are needed, and when? This eBook shows that such institutional questions, although seldomly raised, are of fundamental importance for the future of European integration.  To participate, we kindly ask you to register at events@diw...

Heterogeneous Treatment Effects and Optimal Targeting Policy Evaluation

BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.

The Term Structure of Redenomination Risk

This paper assesses redenomination risk in the euro area. We first estimate daily default-risk-free yield curves for French, German, and Italian bonds that can be redenominated and for bonds that cannot. Then, we extract the compensation for redenomination risk from the yield spreads between these two types of bonds. Redenomination risk primarily shows up at the short end of yield curves. At the height ...

Common Ownership and Market Entry: Evidence from Pharmaceutical Industry

Common ownership - where two firms are at least partially owned by the same investor - and its impact on product market outcomes has recently drawn a lot of attention from scholars and practitioners alike. Theoretical and empirical researchsuggests that common ownership can lead to higher prices. This paper focuses on implications for market entry. To estimate the effect of common ownership on entry ...

The Impact of Institutions on Bank Governance and Stability: Evidence from African Countries

This paper sheds new light on how African countries’ legal systems and institutions influence the governance and stability of their banks. We find that institutional factors, in particular the legal family of origin, political stability, contract enforcement and strength of investor protection promote central corporate governance reforms. Using a difference-in-difference approach, we also reveal that ...

Later pension, poorer health? Evidence from the new State Pension age in the UK

Non-cognitive Skills and the Quality of Early Education: Four Essays in Applied Microeconomics

This dissertation consists of four independent chapters which contribute to the economic analysis of non-cognitive skills and the quality of education. These chapters are preceded by a comprehensive introduction that motivates the individual research questions and indicates common and complementary contributions of the four main chapters. The chapters are followed by a conclusion that discusses potential ...

Government Report on Wellbeing in Germany