Using representative household survey data from Japan after the Fukushima accident, we estimate peoples' willingness-to-pay (WTP) for renewable, nuclear, and fossil fuels in electricity generation. We rely on random parameter econometric techniques to capture various degrees of heterogeneity between the respondents, and use detailed regional information to assess how WTP varies with the distance to ...
This article analyses the determinants of Chinese foreign direct investment (FDI) activities in the European Union (EU). Evidence is based on panel Poisson models drawing on two investment monitors at the individual project level. Greenfield investments (GI) and mergers and acquisitions (M&A) are distinguished. The findings indicate that market size and bilateral trade are the main factors for Chinese ...
(G)ARCH-type models are frequently used for the dynamic modelling and forecasting of risk attached to speculative asset returns. While the symmetric and conditionally Gaussian GARCH model has been generalized in a manifold of directions, model innovations are mostly presumed to stem from an underlying IID distribution. For a cross section of 18 stock market indices, we notice that (threshold) (T)GARCH-implied ...
This year's SOEPcampus@University of Frankfurt Workshop "Introduction to the SOEP" will take place from September 18-19 (workshop held in German). Registration: Please use the online registration form.
Single parenthood is increasingly common in Western societies but only little is known about its long-term effects. We therefore studied life satisfaction among 641 individuals (ages 18–66 years) who spent their entire childhood with a single mother, 1539 individuals who spent part of their childhood with both parents but then experienced parental separation, and 21,943 individuals who grew up with ...
The overarching aim of Mistra NEPSIS is to develop societal pathways for the transformative change of the supply chains of buildings, transportation infrastructure and transportation – from input and raw materials, over primary and secondary activities, to final products and services – to fulfil the national target of net zero greenhouse gas emissions by 2045. More information on the project you...
The project aims to provide technical assistance to the Republic of Korea for the implementation of the Korean Emissions Trading System (KETS). The KETS will be a valuable tool to help Korea cost-effectively meet its greenhouse gas (GHG) emission reduction targets, which is especially important since Korea has become the OECD's fastest-growing GHG emitter. DIW’s main role in the project so far was...
Redistributive policies can provide an insurance against future negative economic shocks. This, in turn, implies that an individual's demand for redistribution is expected to increase with her risk aversion. To test this prediction, we elicit risk aversion and demand for redistribution through a well-established set of measures in a representative sample of the Swedish population. We document a statistically ...
