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SOEPpapers 922 / 2017
We investigate how personal income taxes affect the portfolio share of personal wealth that entrepreneurs invest in their own business. In a reformulation of the standard portfolio choice model that allows for underreporting of private business income to tax authorities, we show that a fall in the tax rate may increase investment in risky entrepreneurial business equity at the intensive margin, but ...
2017| Frank M. Fossen, Ray Rees, Davud Rostam-Afschar, Viktor Steiner
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SOEPpapers 919 / 2017
It is well-documented that well-being typically evinces precipitous decrements at the end of life. However, research has primarily taken a postdictive approach by knowing the outcome (date of death) and aligning in retrospect how well-being has changed for people with documented death events. In the present study, we made use of a predictive approach by examining whether and how levels of and changes ...
2017| Gizem Hülür, Jutta Heckhausen, Christiane A. Hoppmann, Frank J. Infurna, Gert G. Wagner, Nilam Ram, Denis Gerstorf
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Refereed essays Web of Science
This paper provides a literature review on wind power and externalities from multiple perspectives. Specifically, the economic rationale behind world-wide wind power deployment is to mitigate negative externalities of conventional electricity technologies, notably emissions from fossil fuels. However, wind power entails externalities itself. Wind turbines can lower quality of human life through noise ...
In:
Ecological Economics
141 (2017), S. 245-260
| Alexander Zerrahn
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Refereed essays Web of Science
Open-ended questions have routinely been included in large-scale survey and panel studies, yet there is some perplexity about how to actually incorporate the answers to such questions into quantitative social science research. Tools developed recently in the domain of natural language processing offer a wide range of options for the automated analysis of such textual data, but their implementation ...
In:
PloS one
12 (2017), 7, e0182156
| Julia M. Rohrer, Martin Brümmer, Stefan C. Schmukle, Jan Goebel, Gert G. Wagner
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Refereed essays Web of Science
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. ...
In:
Renewable and Sustainable Energy Reviews
79 (2017),S. 1518-1534
| Alexander Zerrahn, Wolf-Peter Schill
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Refereed essays Web of Science
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 ...
In:
Renewable and Sustainable Energy Reviews
83 (2018), S. 156-171
| Wolf-Peter Schill, Alexander Zerrahn
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DIW Discussion Papers 1678 / 2017
This paper develops a path for the global energy system up to 2050, presenting a new application of the open source energy systems model OSeMOSYS to the community. It allows quite disaggregate energy and emission analysis: GENeSYS-MOD (Global Energy System Model) uses a system of linear equations of the energy system to search for lowestcost solutions for a secure energy supply, given externally defined ...
2017| Konstantin Löffler, Karlo Hainsch, Thorsten Burandt, Pao-Yu Oei, Claudia Kemfert, Christian von Hirschhausen
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DIW Discussion Papers 1677 / 2017
Flexibly coupling power and heat sectors may contribute to both renewable energy integration and decarbonization. We present a literature review of modelbased analyses in this field, focusing on residential heating. We compare geographical and temporal research scopes and identify state-of-the-art analytical model formulations, particularly concerning heat pumps and thermal storage. While numerical ...
2017| Andreas Bloess, Wolf-Peter Schill, Alexander Zerrahn
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DIW Discussion Papers 1689 / 2017
Carbon leakage is an issue of major interest in both academic and policy debates about the effectiveness of unilateral climate policy addressing global externalities. The debate is particularly salient in Europe, where the EU Emissions TradingSystem (EU ETS) covers emissions of many traded sectors. In a first step, we review how carbon leakage and the pollution haven effect are defined and identified ...
2017| Helene Naegele, Aleksandar Zaklan
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DIW Discussion Papers 1688 / 2017
As from a political economy perspective, politicians often fail to implement structural reforms, we investigate if the resistance to reform is based on the differences in the risk preferences of voters, politicians, and bureaucrats. Based on the empirical results of a survey of the population in Germany, 175 members of the Federal German Parliament (Bundestag), and 106 officials (“bureaucrats”) from ...
2017| Tobias Thomas, Moritz Heß, Gert G. Wagner