Many OECD countries are raising the normal retirement age (NRA), thereby, making early retirement more costly. Whereas such reforms incentivize individuals to work longer, labor market frictions might partly undermine intended behavioral responses. Employing administrative data of West German men, I estimate a dynamic discrete choice model of work, unemployment and retirement allowing for labor market ...
The outcome of asylum procedure is vital for staying perspectives of refuges and their well-being, as well as their following economic and social integration in the host society. In principal, persecution and other forms of violation of human rights should solely determine the outcome of asylum procedures according to the Geneva convention and the asylum legislation in Europe. However, some...
The SOEP-IS Release 2016 provides household data from 1998 to bis 2016 and the data from the innovative modules 2011 to 2015. We will be happy to receive your order. Please use our online form. More information on data access, sample development, innovative modules and the data files included you will find here.
In the data distribution soep.v33.1 (1984-2016) some issues occured, which are described here and can be fixed by the provided scripts.
Using data for the trades of 19 central banks intervening in currency markets, we show that leaning against the wind by individual central banks leads to "systematic intervention" in the aggregate central banking sector. This systematic intervention is driven by and impacts on the same factors that drive currency excess returns: carry, momentum, value, and a dollar factor. The sensitivity of an individual ...
This study addresses the difficulty in linking ethnic discrimination and integration outcomes of immigrants in empirical research. Many of the existing studies look at the relationship between perceived discrimination and integration, but most are based on cross-sectional data. We argue that perceived discrimination should not be taken as an accurate indicator of actual experiences of discrimination, ...
The fixing of the Libor and Euribor benchmark rates has proven vulnerable to manipulation. Individual rate-setters may have incentives to fraudulently distort their submissions. For the contributing banks to collectively agree on the direction in which to rig the rate, however, their interests need to be sufficiently aligned. In this paper we develop cartel theory to show how an interbank lending rates ...
In advanced economies, state-owned enterprises play an important role in sectors of general interest such as energy and water supply. The conditions under which they operate have changed fundamentally since 1998, with new strategies required for firms to preserve market shares in the face of liberalisation and technological innovation. This paper investigates the productivity effect of three strategies ...
