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Intangible Investments and International Business Cycles

Intangible capital is an increasingly important factor of production in advanced economies. Governments in Europe and elsewhere promote investment in intangible assets. However, the potential role of intangibles for business cycles and the international transmission of shocks is not well understood. In this paper, we investigate the international business cycle effects of intangible capital. To this ...

Locus of Control and Mothers' Return to Employment

Personal Income Tax Progressivity and Output Volatility: Evidence from OECD Countries

This paper investigates empirically the effect of personal income tax progressivity on output volatility using macro data from a sample of OECD countries over the period 1982–2009. Our measure of progressivity is based on the difference between the marginal and the average personal income tax rate for the average production worker. We find supportive empirical evidence for the hypothesis that higher ...

The Economics of the EU ETS Market Stability Reserve: Introduction

Fiscal Stimulus and Households' Non-Durable Consumption Expenditures: Evidence from the 2009 Australian Nation Building and Jobs Plan

BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.

Think National, Forecast Local: A Case Study of 71 German Urban Housing Markets

In this article, we examine whether the local indicators are able to predict the city-level housing prices and rents better than national indicators. For this purpose, we assess the forecasting ability of 126 indicators and 21 types of forecast combinations using a sample of 71 large German cities. There are several predictors that are especially useful, namely price-to-rent ratios, national-level ...

Longitudinal Wealth Data and Multiple Imputation: An Evaluation Study

Statistical analysis in surveys is generally facing missing data. In longitudinal studies for some missing values there might be past or future data points available. The question arises how to successfully transform this advantage into improvedimputation strategies. In a simulation study the authors compare six combinations of cross-sectional and longitudinal imputation strategies for German wealth ...

Offset Credits in the EU ETS: A Quantile Estimation of Firm-Level Transaction Costs

International carbon offset certificates were cheaper than European Union Allowances, although they were substitutes within the EU Emissions Trading System (EU ETS). Thus, firms had a strong incentive to use offset certificates. However, a considerable number of firms did not exhaust their offset quota and, by doing so, seemingly forwent profits. While most literature on emissions trading evaluates ...

Call for Papers: Public Authority and Finance: What is the Relevant Scale and Scope of Deregulation and Re-Regulation?

International Conference, Paris, September 1 and 2, 2017 Call for Papers This conference seeks to contribute to the ongoing research into financial regulation, combining approaches by economists, legal experts, political scientists, geographers and historians. It aims to adopt an empirical approach from a comparative and historical perspective to characterize public authority and its relationship ...

Erhebungsinstrumente des IAB-SOEP-Migrationssamples 2016: Haushaltsfragebogen, Stichproben M1-M2