As in most OECD countries, smoking prevalence and cigarette consumption have been decreasing in Germany since the early 2000s. This paper analyses whether smoking prevalence and cigarette consumption, as well as their development over time, differ between socio-economic subgroups. Identifying these differences provides insights into the effect of policy interventions on German smoking behaviour. Based ...
We study the usually assumed trade-off between income and leisure in labor supply decisions using comprehensive German panel data. We compare non-employed individuals after plant closures with employed people regarding both income and time use as well as their subjective perceptions of these two factors. We find that the gain of non-working time translates into higher satisfaction with free time, while ...
The op-ed by Marcel Fratzscher was first published on FT.com on August 9, 2017. The gains would outweigh the costs and help chart a path for the continent’s future As Germany heads towards its general election one of the debates in Berlin and elsewhere is what course the next government will pursue on Europe. In particular there is much speculation about a possible “grand bargain” ...
Marcel Fratzscher, president of the German institute for economic research, on today's decision of the German constitutional court concerning the ECB:
Economists consider personality traits to be stable, particularly throughout adulthood.However, evidence from psychological studies suggests that the stability assumption maynot always be valid, as personality traits can respond to certain life events. Our paperanalyzes whether and to what extent personality traits are malleable over a time spanof eight years for a sample of working individuals. Furthermore, ...
The purpose of this article is twofold. First, we review model-based analyses that explore the role of power storage in energy systems with high shares of variable renewables. Second, we introduce a new model that is specifically designed for exploring long-term storage requirements. The literature survey focuses on recent contributions in the peer-reviewed energy economics and engineering literature. ...
We use the model DIETER, introduced in a companion paper, to analyze the role of power storage in systems with high shares of variable renewable energy sources. The model captures multiple system values of power storage related to arbitrage, capacity, and reserve provision. We apply the model to a greenfield setting that is loosely calibrated to the German power system, but may be considered as a more ...
