The morphology of today’s cities is the result of historic urban developments and ongoing urban transformation resulting in complex urban spatial structures. While functionally as well as spatially, cities are structured into sub-units such as the city center, business districts, residential areas or industrial and commercial zones, their precise localization in the geographic space is sometimes difficult. ...
Longitudinal studies have documented improvements in parents’ life satisfaction due to childbearing, followed by postpartum adaptation back to baseline. However, the details underlying this process remain largely unexplored. Based on past literature, set-point theory, and results from an exploratory sample, we investigated empirically how first childbirth affected satisfaction with specific domains ...
We estimate the impact of monetary policy on structural reform adoption in the euro area. We identify exogenous ECB policy changes through an event study that extracts the unexpected variation in euro area interest rates on policy announcement days. We find that surprise monetary expansions increase the number of reforms significantly and that the effect is stronger for countries with weaker macroeconomic ...
We investigate the effect of spells of no formal employment of young Germans on their chances of entering the labor market through an apprenticeship. We also study whether the potential negative effects of such spells can be mitigated by publicly provided training measures. In a field experiment, the fictitious applications of three young women were sent to firms advertising apprenticeships for the ...
This paper provides an empirical test of the Coase Theorem. I analyze whether emissions are independent from allowance allocations in the electricity sector regulated under the EU's Emissions Trading System (EU ETS). Exogenous variation in levels of free allocation for power producing installations enables a difference-in-differences strategy. The analysis reveals that a change in al- location levels ...
The Sustainable Finance Platform was presented at the Sustainable Finance Summit in Frankfurt.
The Sustainable Finance Platform meets regularly for research meetings to discuss current research topics and projects and their relevance for the political discourse at national and EU level. The aim of the research meetings is an open, informal exchange to promote the discourse on sustainable finance from a research perspective and to cooperate constructively on the basis of our different...
This workshop focused on the question, how the financial market can accompany and support the transformation towards a climate-neutral and sustainable economy.
In order to transform the economy towards CO2 neutrality in the sense of the Paris Agreement, financial products are needed to support the financing of this process. In this workshop, existing and possible offers for different product categories (investment products, banking products and insurance products) were discussed, obstacles and problems in the development and introduction of such products...
