Dr. Fichtner, will the result of the British referendum to leave the EU send the UK and perhaps even the entire EU into economic crisis? We believe that economic growth in the UK has already been dampened somewhat in the short term by this result. It will have a noticeable impact on economic growth in the UK. The decision is also relevant for the rest of Europe, of course, because weaker UK growth ...
The United Kingdom's exit from the European Union will have far-reaching implications for the British financial sector. London is currently the financial capital of Europe, and the UK's financial institutions benefit from passport rights that allow them to provide their services throughout the Single Market. The UK plays two key roles in the European financial system: the first as a major hub for wholesale ...
Adrian Hille, who joined the DIW Graduate Center in October 2011 and worked at the German Socio-Economic Panel until February 2016, has successfully defended his dissertation at Freie Universität Berlin.His dissertation entitled “Developing skills through non-formal learning activities: four essays in the economics of education" was supervised by Prf. Dr. C. Katharina Spieß (DIW, Freie ...
Data Management & Basic Longitudinal Designs The SOEP is a representative longitudinal survey of the population in Germany conducted annually since 1984. It is one the most important sources for longitudinal research worldwide. It collects data on topics such as household composition, employment and family biography, income, health, education, life satisfaction, and personality. Working with...
Moving non-incremental innovations from the pilot scale to full commercial scale raises questions about the need and implementation of public support. Heuristics from the literature put policy makers in a dilemma between addressing a market failure and acknowledging a government failure: incentives for private investments in large scale demonstrations are weak (the valley of death) but the track record ...
We show that hosting the Olympic Games in 2012 had a positive impact on the life satisfaction and happiness of Londoners during the Games, compared to residents of Paris and Berlin. Notwithstanding issues of causal inference, the magnitude of the effects is equivalent to moving from the bottom to the fourth income decile. But they do not last very long: the effects are gone within a year. These conclusions ...
This dissertation designs a metadata-driven infrastructure for panel data that aims to increase both the quality and the usability of the resulting research data. Data quality determines whether the data appropriately represent a particular aspect of our reality. Usability originates notably from a conceivable documentation, accessibility of the data, and interoperability with tools and other data ...
This paper employs numerical simulations of the Park and Sabourian (2011) herd model to derive new theory-based predictions for how information risk and market stress influence aggregate herding intensity. We test these predictions empirically using a comprehensive data set of high-frequency and investor-specific trading data from the German stock market. Exploiting intra-day patterns of institutional ...
