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BCCP Conference and Policy Forum 2016: Session 3: Data-driven Innovation

Unprecedented interconnectedness, data collection, and analytical capabilities are revolutionizing our interactions in society. Online platforms play a key role in this process as they shape the way consumers and firms use and commercialize the Internet. In data-driven platforms, product quality, for example search results and the targeting of advertisements, increases in the amount of data...

BCCP Conference and Policy Forum 2016: Policy Roundtable: Privacy in Competition and Consumer Policy

Privacy regulation in digital markets has been at the forefront of the policy debate on both sides of the Atlantic in the past years. This panel will discuss such issues as the EU-US Privacy Shield following the Safe Harbor ruling of the ECJ, the conditions for voluntary consumer consent to the processing of personal data, efforts to ensure individuals’ control over personal data collected by data...

Global Growth Still Subdued

The world economy has yet to regain momentum: after the already weak final quarter of 2015, the pace of expansion slowed down again in the first quarter of 2016. In the emerging countries’ economies, growth is expected to remain subdued, especially in China, where the gradual slowdown continues as overcapacities are reduced. Russia and Brazil are likely to remain in recession: apart from the still-low ...

German Economy on a Stable Growth Path

Supported by dynamic domestic demand, the German economy is expected to grow by 1.7 percent this year. As consumption and investment in construction are likely to weaken in the coming year, is hardly contributing to growth 2017 should amount to roughly 1.4 percent. Foreign trade is contributing relatively little to growth. In both years of the forecast period, capacities will be at more or less normal ...

A Brexit Would Significantly Dampen Germany’s Economic Growth: Seven Questions to Ferdinand Fichtner

Using Person-Fit Measures to Assess the Impact of Panel Conditioning on Reliability

Panel conditioning has posed one of the main challenges to panel studies since their inception in the social sciences. Aside from the risk of reactivity to previous interviews, there is reason to expect that cumulative survey experience increases the reliability of data emanating from panel studies relative to cross-sectional surveys. This positive aspect of recurrent interviewing for data quality ...

Brexit Decision Is Likely to Reduce Growth in the Short Term

The high degree of uncertainty about the United Kingdom’s (UK) economic future following the June 23 Brexit referendum is leading to a flight into safe assets, and will most likely worsen financing conditions for British companies. In addition, companies could reduce investment and postpone hiring decisions. This is likely to start dampening economic growth in the UK in the short term, thus reducing ...

Couple's Labor Supply, Taxes, and the Division of Housework in a Gender-Neutral Lab

We use a lab-in-the-field experiment to investigate intra-couple labor supply decisions and the division of housework under individual and joint income taxation systems. In order to eliminate problems of endogenous intra-couple time use decisions, we exogenously varied not only the taxation system but also the intra-couple roles of primary and secondary earners. Using work effort as a proxy for labor ...

Entrepreneurs and Freelancers: Are They Time and Income Multidimensional Poor? - The German Case

Entrepreneurs and freelancers, the self-employed, commonly are characterized as not only to be relatively rich in income but also as to be rich in time because of their time-sovereignty in principle. Our introducing study scrutinises these results and notions about the well-being situation of self-employed persons not only by asking about traditional single income poverty but also by considering time ...

The Joint Distribution of Net Worth and Pension Wealth in Germany

Research on wealth inequality usually focuses on real and financial assets, while pension wealth – the present value of future pension entitlements from public and company pension schemes – receives little attention. This is astonishing, given that pension plans play an important role for material security and well‐being for an overwhelming part of the population and, thus, should be accounted for ...