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Health Effects of Instruction Intensity: Evidence from a Natural Experiment in German High-Schools

A large literature aims to establish a causal link between education and health using changes in compulsory schooling laws. It is however unclear how well more education is operationalized by marginal increases in school years. We shed a new light on this discussion by analyzing the health effects of a reform in Germany where total years of schooling forstudents in the academic track were reduced from ...

Terminal Decline in Well-Being: The Role of Multi-Indicator Constellations of Physical Health and Psychosocial Correlates

Well-being is often relatively stable across adulthood and old age, but typically exhibits pronounced deteriorations and vast individual differences in the terminal phase of life. However, the factors contributing to these differences are not well understood. Using up to 25-year annual longitudinal data obtained from 4,404 now-deceased participants of the nationwide German Socio-Economic Panel Study ...

Monetary Policy Implications of Financial Innovation: In-Depth Analysis

Turning Points in Life Courses: Conceptualization, Measurement and Typology

Life course research allows studying issues such as social inequality, social status attainment, education, migration, family formation, or gender as processes that involve continuity and change. Turning points are a key concept in this research field because they can help understand processes of overhaul and stability in life courses. In general terms, turnings points describe phases in which a...

Why do women cooperate more in women’s groups? Evidence from a field experiment and structural model in Congo

Retirement and social connection in old age

Facing an aging population, many societies discuss policies to prolong work lives. At the individual level, such policies could affect social connectedness in several ways. On the one hand, prolonged work lives could promote a healthier social life at advanced ages by maintaining job-related networks for longer. On the other hand, retirement might boost quantity and quality of social networks by...

Is Market Fear Persistent? A Long-Memory Analysis

This paper investigates the degree of persistence of market fear. Specifically, two different long-memory approaches (R/S analysis with the Hurst exponent method and fractional integration) are used to analyse persistence of the VIX index over the sample period 2004-2016, as well as some sub-periods (pre-crisis, crisis and post-crisis). The findings indicate that its properties change over time: in ...

Pension Incentives and Early Retirement

In this paper we exploit a cohort-specific pension reform to estimate the labour market effects of changes in the financial incentives to retire. In particular, we analyse the effects of the introduction of cohort-specific deductions for early retirement on female retirement, employment and unemployment. For the empirical analysis we use high-quality administrative data from the German pension insurance. ...

Tomaso Duso and Hannes Ullrich were nominated Research Fellows in the newly established Research Area Economics of Digitization of the CESifo research network

Tomaso Duso, Head of the Department Firms and Markets at DIW Berlin, and Hannes Ullrich, Research Associate at the Department Firms and Markets, were nominated Research Fellows in the newly established Research Area Economics of Digitization of the CESifo research network. The Economics of Digitization Area of the CESifo research network is organised by Stephen P. Ryan, Olin Business School. The area ...

1st Workshop “Economic Theories and Low-carbon Transformation Policies”

The workshop aims to advance analytical research on economic processes and policies for low-carbon transformation: policies meaning the role and tools of government and governance, and transformation as involving significant changes and innovation in (organizational) behaviour, technologies and systems, investment and financing. The main objective is to incorporate in analytic models lessons...