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Refereed essays Web of Science
Early warning systems (EWSs) are widely used to assess a country’s vulnerability to fiscal distress. A fiscal distress episode is identified as a period when government experiences extreme funding difficulties. Most EWSs employ a specific set of only fiscal leading indicators predetermined by the researchers, which casts doubt on their robustness. We revisit this issue using extreme bounds analysis, ...
In:
Journal of Applied Economics
50 (2018), 13, S. 1454-1478
| Martin Bruns, Tigran Poghosyan
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Personnel news
Martin Kroh, former Division Head of Survey Methodology and Management at the SOEP, has been appointed Professor of Methods of Empirical Social Research with a focus on quantitative methods at the University of Bielefeld starting January 1, 2018.
He will continue to support the SOEP in the area of survey methodology during a transitional period and also work on joint ongoing research projects.
28.02.2018
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Weekly Report
Despite the booming German labor market, wage inequality is still a relevant issue. In the present study, the authors report on the changes in wages and their distribution between 1992 and 2016. In addition to real contractual gross hourly wages, we closely examined gross monthly and annual wages. Based on Socio-Economic Panel (SOEP) data, the results show that wage inequality rose significantly between ...
28.02.2018| Markus M. Grabka, Carsten Schröder
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DIW Weekly Report 9 / 2018
Despite the booming German labor market, wage inequality is still a relevant issue. In the present study, the authors report on the changes in wages and their distribution between 1992 and 2016. In addition to real contractual gross hourly wages, we closely examined gross monthly and annual wages. Based on Socio-Economic Panel (SOEP) data, the results show that wage inequality rose significantly between ...
2018| Markus M. Grabka, Carsten Schröder
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Video
To accompany the economic upturn in the U.S., the Federal Reserve Bank has been raising its benchmark interest rate incrementally. In an increasingly globalized world in which the American economy plays a key role, an action like this has spillover effects on the international level. Max Hanisch's study shows that the member states of the euro area—Germany in particular—can temporarily...
21.03.2018| Nachgeforscht
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Refereed essays Web of Science
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 ...
In:
Climate Policy
19 (2019), 1, S. 92-107
| Clayton Munnings, William Acworth, Oliver Sartor, Yong-Gun Kim, Karsten Neuhoff
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Refereed essays Web of Science
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 ...
In:
Advances in Life Course Research
36 (2018), S. 23-36
| Rasmus Hoffmann, Hannes Kröger, Eduwin Pakpahan
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Refereed essays Web of Science
The shift away from coal is at the heart of the global low-carbon transition. Can governments of coal-producing countries help facilitate this transition and benefit from it? This paper analyses the case for coal taxes as supply-side climate policy implemented by large coal exporting countries. Coal taxes can reduce global carbon dioxide emissions and benefit coal-rich countries through improved terms-of-trade ...
In:
Climatic Change
150 (2018), 1-2, S. 43-56
| Philipp M. Richter, Roman Mendelevitch, Frank Jotzo
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Press Release
German Institute for Economic Research: No reason for exaggerated concern about an economic slowdown
Euro area states can benefit from an interest rate increase in the U.S. in the short term, according to the findings of a current study by the German Institute for Economic Research (DIW Berlin). Thanks to the devaluation of the euro, their exports would rise to the extent that they are able to overcompensate ...
21.03.2018
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DIW Weekly Report 12 / 2018
To accompany the economic upturn in the U.S., the Federal Reserve Bank has been raising its benchmark interest rate incrementally. In an increasingly globalized world in which the American economy plays a key role, an action like this has spillover effects on the international level. Based on a dynamic factor model, the present study shows that the member states of the euro area—Germany in particular—can ...
2018| Max Hanisch