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Differences in Full-Time Work Experience Explain almost a Quarter of the Gender Pay Gap in Management Positions

Women still earn less than men on average in Germany. This applies to management positions even more: between 2010 and 2016, there was an average gender pay gap of 30 percent in gross hourly earnings. If gender-specific differences in relevant wage determinants are excluded, a pay gap of 11 percent remains. With seven percentage points, full-time work experience explains the gender pay gap to almost ...

Fossil Resource markets and climate policy: Stranded assets, Expectations and the political Economy of climate change (FoReSee)

Project synopsis Achieving the Paris agreement requires a radical transformation of the inherently inert energy system. Assets in the form of fossil energy resources and existing infrastructure along the fossil value chain are at the risk of rapidly losing value and becoming „stranded assets”. Asset owners, therefore, have incentives to delay or even prevent the implementation of climate policies...

The European and German Natural Gas Market in the Short and Long Run: Report on the Finalization and Commissioning of the Nord Stream 2 Pipeline Project

In this report, the role of the Nord Stream 2 pipeline project for the German and the European natural gas market was investigated in the short run and the long run. In the short run, no supply gap can be identified that would justify the speedy finalization of construction works on the Nord Stream 2 project. In the long run, there is no need for the Nord Stream 2 pipeline due to the German and...

Future of Fossil Fuels in the wake of greenhouse gas neutrality (FFF)

The objective of this project is to investigate previously under-researched aspects of decarbonizing the German electricity sector in the European context and to derive an assessment of concrete policy instruments for both the German and the European level. In doing so, we extend existing analyses that focus solely on a coal phase-out in Germany by considering a wider geographical scope including...

Open-source modeling of the future role of renewable hydrogen in Germany and Europe

In the project "Open Hydrogen Modeling", we expand and link three Berlin-based open-source models: the Global Gas Market Model (GGM), the Global Energy System Model (GENeSYS-MOD), and the electricity sector model DIETER. We investigate the prospects of the hydrogen markets in creation, ranging from the global market to the European and German market. We are particularly interested in the...

Forward guidance and policy normalisation

Benoît Cœuré has been a member of the Executive Board of the European Central Bank since 1 January 2012. He is responsible for International and European Relations, Market Operations and the Oversight of Payment Systems. He is the Chairman of the Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlements, and has held this position since...

It's All About Gains: Risk Preferences in Problem Gambling

Problem gambling is a serious socioeconomic problem involving high individual and social costs. In this article, we study risk preferences of problem gamblers including their risk attitudes in the gain and loss domains, their weighting of probabilities, and their degree of loss aversion. Our findings indicate that problem gamblers are systematically more risk taking and less sensitive toward changes ...

Research Handbook on Emissions Trading: Edited by Stefan E. Weishaar (Edward Elgar Publisjing 2016) 366 pages ...

Educational Inequality and Intergenerational Mobility in Latin America: A New Database

The causes and consequences of the intergenerational persistence of inequality are a topic of great interest among various fields in economics. However, until now, issues of data availability have restricted a broader and cross-national perspective on the topic. Based on rich sets of harmonized household survey data, we contribute to filling this gap by computing time series for several indexes of ...

Environmental Regulations: Lessons from the Command-and-Control Approach

Policy makers have long favored command-and-control (CAC) methods to tackle environmental damage. The number of CAC policies devoted to environmental protection has increased steadily since the 1950s and have been a large part of the overall portfolio of environmental laws andregulation in the industrialized world. Schmitt and Schulze (2011) document that between 1970 and 2011 the two most prevalent ...