German economy’s growth rate will drop next year, primarily due to calendar effects – labor market expansion losing some momentum – numerous risks for the global economy According to a new forecast by the German Institute for Economic Research (DIW Berlin), the German economy’s upward trend will continue through 2017 and 2018 – even though the current global economy is ...
This paper studies the determinants of return migration by applying the Cox hazard model to longitudinal micro data from 1996 to 2012, including immigrants of a wide range of nationalities. The empirical results reveal the validity of the life cycle model of Migration Economics and a strong return probability decreasing effect of labor market integration and societal integration. Modeling non-proportional ...
This study provides insights on the role of early childhood family environment within the process of preference formation. We start by presenting evidence showing that breastfeeding duration is a valid measure of the quality of early childhood environment. In the main analysis, we then investigate how early childhood environment affects the formation of fundamental economic preferences such as time, ...
Mr. Fichtner, the German economy’s growth rates have been quite favorable lately. What will next year look like? For 2017, we’re expecting a marked slowdown in the growth rate for Germany. However, this is mostly due to a statistical effect: 2017 will have fewer workdays (and thus lower growth) due to the fact that more holidays will fall on weekdays than in 2016. On top of that, we are ...
The world economy is gaining momentum after sluggish growth in the first half 2016 – which was primarily due to a weak expansion in the emerging markets – gave way to a slight acceleration. This trend is likely to continue, and will increasingly benefit the developed economies as well. The brightening labor market situation in advanced countries is leading to a higher level of consumer demand, which ...
In spite of persisting unfavorable external economic conditions, the German economy’s upward trend continues, with a growth of 1.2 percent expected for the coming year – slightly less than the 1.8 percent growth rate of 2016, a difference primarily due to the fact that 2017 has fewer workdays. A growth rate of 1.6 percent is expected for 2018. Although employment growth has slowed down somewhat since ...
In this lecture Professor Eichengreen traced the populist turn in American politics from the late 19th century to the present day, and identified instances and conditions under which mainstream politicians and parties succeeded - and failed - in stemming the populist tide.
We analyze pricing and competition under paid prioritization within a model of interconnected internet service providers (ISPs), heterogeneous content providers (CPs) and heterogeneous consumers. We show that prioritization is welfare superior to a regime without prioritization (network neutrality) and yields higher incentives for investment in network capacities. As ISPs price discriminate between ...
29 European economists address an open letter to European lawmakers emphasizing the importance of designing the European Emission Trading Scheme such that the carbon price will be reflected in basic materials. The production of basic materials like steel, cement, and aluminum accounts for a significant share of Europe’s greenhouse gas emissions (16%). For Europe to achieve its Paris climate ...
