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DIW Economic Bulletin 6/7 / 2017
A significant rise in Germany’s construction volume is expected for this year and the next, even if the growth is not as pronounced as it was in 2016. According to DIW Berlin’s latest construction volume calculations, the sum of all new construction and building refurbishments will increase in real terms by 1.6 and 2.4 percent in 2017 and 2018, respectively, from a rate of 2.5 percent in 2016. New ...
2017| Martin Gornig, Claus Michelsen
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DIW Discussion Papers 1641 / 2017
While the link between the ownership and productive efficiency of firms has been discussed extensively, no consensus exists regarding the superiority of one or the other in non-competitive, regulated environments. This paper applies a flexibleproduction model to test for efficiency differences associated with ownership types while allowing the production to adapt to market restructuring over time. ...
2017| Astrid Cullmann, Maria Nieswand, Julia Rechlitz
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DIW Discussion Papers 1642 / 2017
There is evidence that estimates of long-run impulse responses of structural vector autoregressive (VAR) models based on long-run identifying restrictions may not be very accurate. This finding suggests that using short-run identifying restrictions may be preferable. We compare structural VAR impulse response estimates based on long-run and short-run identifying restrictions and find that long-run ...
2017| Helmut Lütkepohl, Anna Staszewska-Bystrova, Peter Winker
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SOEPpapers 892 / 2017
This paper uses a large survey (SOEP) to update and deepen our knowledge about the labor market performance of immigrants in Germany. It documents that immigrant workers initially earn on average 20 percent less than native workers with otherwise identical characteristics. The gap is smaller for immigrants from advanced countries, with good German language skills, and with a German degree, and larger ...
2017| Robert C. M. Beyer
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DIW Roundup 108 / 2017
The term natural (or neutral) real interest rate refers to the equilibrium value of the real interest rate. As this equilibrium is usually conceived as a situation where inflationary or deflationary pressures have abated, the natural real interest rate is a key concept for central banks seeking to stabilize the general price level or targeting the rate of inflation. The present roundup provides a brief ...
2017| Philipp König, Dmitry Chervyakov
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Event
Almost ten years after the crisis, the financial sector is still in the midst of a far-reaching transformational process. The macroeconomic environment and regulatory frameworks are changing profoundly and fast, whereas new technologies challenge established players – both from the public and private sector – as never before. These developments and their implications for the financial...
23.05.2017
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Data Documentation 86 / 2016
This paper documents methodology underlying the construction of the integrated data base for our study on “Wer trägt die Steuerlast in Deutschland? – Verteilungswirkungen des deutschen Steuer- und Transfersystems” (Who bears the tax burden in Germany? – Distributional Analyses of the German tax and transfer system). Financial support from the Hans Böckler Stiftung for the project is gratefully acknowledged. ...
2016| Stefan Bach, Martin Beznoska, Viktor Steiner
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DIW Discussion Papers 1634 / 2017
This paper experimentally investigates how concerns for social approval relate to intrinsic motivations to purchase ethically. Participants state their willingness-to-pay for both a fair trade and a conventional chocolate bar in private or publicly. A standard model of social image predicts that all increase their fair trade premium when facing an audience. We find that the premium is higher in public ...
2017| Jana Friedrichsen, Dirk Engelmann
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SOEPpapers 891 / 2016
This study is the first to provide a causal estimate of the subjective well-being effects of spousal unemployment at the couple level. Using German panel data on married and cohabiting partners for 1991-2013 and information on exogenous job termination induced by workplace closure, we show that spousal unemployment reduces the life satisfaction of indirectly-affected spouses. The impact is equally ...
2016| Milena Nikolova, Sinem Ayhan
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SOEP Brown Bag Seminar
Education is one of the most frequently used variables in social science research. Because of complex institutional differences between educational systems across the world, educational attainment is notoriously difficult to measure in a cross-cultural survey context. So far, surveys have only offered measurement instruments referring to the educational system of the survey country, which is not...
25.01.2017| Silke Schneider and Verena Ortmanns (GESIS)