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DIW Discussion Papers 1851 / 2020
We study the impact of different regulatory designs on the cost efficiency of operators providing a public service, exploiting data from the French transport industry. The distinctive feature of the study is that it considers regulatory regimes as endogenously determined choices, explained by economic, political, and institutional variables. Our approach leans on a positive analysis to study the determinants ...
2020| Joanna Piechucka
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SOEPpapers 1070 / 2020
Using quantile regression methods, this paper analyses the gender wage gap across the wage distribution and over time (1990-2014), while controlling for changing sample selection into full-time employment. Our findings show that the selection-corrected gender wage gap is much larger than the one observed in the data, which is mainly due to large positive selection of women into full-time employment. ...
2020| Patricia Gallego Granados, Katharina Wrohlich
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SOEPpapers 1069 / 2020
We analyze self-selection of refugees and irregular migrants and test our theory in the context of the European refugee crisis. Using unique datasets from the International Organization for Migration and Gallup World Polls, we provide the first large-scale evidence on reasons to emigrate, and the self-selection and sorting of refugees and irregular migrants. Refugees and female irregular migrants are ...
2020| Cevat Giray Aksoy, Panu Poutvaara
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Graduate Center Minicourses
Minicourses are a series of one or two day courses on various topics in Economics, organized by the DIW Graduate Center. The target audience consists of graduate students in Economics at Berlin universities and research institutes. The GC Minicourses are held on an irregular basis at DIW Berlin (about once a month) and are open to all affiliates of DIW Berlin, those of the BDPEMS program, and...
02.07.2020| Luke Haywood, MCC
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Graduate Center Short Course
Syllabus
Vector Autoregressive Models
Vector Error Correction Models
Structural VAR Tools
Bayesian VAR Analysis
Identification by Short-Run Restrictions
Identification by Long-Run Restrictions
Inference for Impulse Responses
Sign Restrictions
Identification by Heteroskedasticity or Non-Gaussianity
Identification Based on External Instruments
Structural VAR Analysis in a Data-Rich...
19.10.2020| Helmut Lütkepohl
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Refereed essays Web of Science
We study the effectiveness of intrahousehold insurance among married couples when the husband loses his job due to a mass layoff or plant closure. Empirical results based on Austrian administrative data show that husbands suffer persistent employment and earnings losses, while wives' labor supply increases moderately due to extensive margin responses. Wives' earnings gains recover only a tiny fraction ...
In:
American Economic Journal: Applied Economics
12 (2020), 4, S. 253-287
| Martin Halla, Julia Schmieder, Andrea Weber
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Refereed essays Web of Science
Recent efforts to reduce international tax evasion focus on information exchange with tax havens. Using bilateral bank data for 1397 countrypairs in a balanced quarterly panel from 2003:I to 2017:IV, we first show that information-on-request treaties with tax havens reduce bank deposits in tax havens by 27.5%. Second, also deposits from tax havens in high tax countries decline after such treaties are ...
In:
Journal of Public Economics
176 (2019), S. 53-78
| Lukas Menkhoff, Jakob Miethe
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DIW Discussion Papers 1845 / 2020
We decompose permanent earnings risk into contributions from hours and wage shocks. To distinguish between hours shocks, modeled as innovations to the marginal disutility of work, and labor supply reactions to wage shocks we formulate a life-cycle model of consumption and labor supply. Both permanent wage and hours shocks are important to explain earnings risk, but wage shocks have greater relevance. ...
2020| Robin Jessen, Johannes König
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DIW Discussion Papers 1852 / 2020
This paper examines the dynamics of wealth and income inequality along the business cycle and assesses how they are related to fluctuations in the functional income distribution. In a panel estimation for OECD countries between 1970 and 2016 we find that on average income inequality - measured by the Gini coefficient - is countercyclical and also shows a significant association with the capital share. ...
2020| Marius Clemens, Ulrich Eydam, Maik Heinemann
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DIW Weekly Report 6/7 / 2020
Over the past years, there has been an increase in global geopolitical risk, the most recent example being the intensifying conflict between the USA and Iran. Such geopolitical risks also affect the German economy. A geopolitical shock, defined as an unexpected increase in risk, has a significantly negative effect on the development of the German economy, and stock prices fall. By comparison, German ...
2020| Max Hanisch