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Worker Personality: Another Skill Bias beyond Education in the Digital Age

We present empirical evidence suggesting that technological progress in the digital age will be biased not only with respect to skills acquired through education but also with respect to noncognitive skills (personality). We measure the direction of technological change by estimated future digitalization probabilities of occupations, and noncognitive skills by the Big Five personality traits from several ...

Pricing Carbon Consumption: A Review of an Emerging Trend

Nearly every carbon price regulates the production of carbon emissions, typically at midstream points of compliance, such as a power plant. Over the last six years, however, policymakers in Australia, California, China, Japan, and Korea implemented carbon prices that regulate the consumption of carbon emissions, where points of compliance are farther downstream, such as distributors or final consumers. ...

The Signaling Role of Fiscal Austerity

I build a model where creditworthy countries may use fiscal austerity to communicate their ability to repay sovereign debt and show that the signaling channel is active only for high levels of asymmetric information. The model generates a negative association between the amount of public information, provided by the rating agencies, and fiscal tightness. Informed by the model predictions, I build a ...

Energy Security with Renewables

The European Energy Union envisages important developments for the power sector: According to the Commission’s modelling, the economic pathway of decarbonizing the energy sector involves 27% of renewable in the European energy mix by 2030. This is backed by a corresponding renewable target, and will most likely result in significantly higher shares of renewables in the power sector....

The Global Economy and Balanced Growth

Under Secretary Sheets’ remarks will address the state of the global economy and emphasize that supply-side and demand-side measures are complementary and that both are necessary to foster strong, sustainable, and balanced growth.

Kantar Public the new branding of TNS Infratest

Since end of September the fieldwork institute conducting the SOEP surveys since more than 30 years has changed its name to Kantar Public. As Kantar Public Germany it remains an independent institute focusing on social and political research. Jürgen Schupp, Director of the SOEP, expects Kantar Public to produce data on a wide range of political and social research topics that meet highe scientific ...

Griechenland am Scheideweg: Innovation, ja oder nein?

The Impact of Stress on Tournament Entry

Individual willingness to enter competitive environments predicts career choices and labor market outcomes. Meanwhile, many people experience competitive contexts as stressful. We use two laboratory experiments to investigate whether factors related to stress can help explain individual differences in tournament entry. Experiment 1 studies whether stress responses (measured as salivary cortisol) to ...

Mentoring of Refugees (MORE)

The scientific study MORE is designed to deliver first results on the role of civic engagement in the short- and long-term integration of refugees in Germany. The intervention study is being carried out by the Socio-Economic Panel (SOEP) at the German Institute for Economic Research (DIW Berlin) in partnership with the Institute for Employment Research (IAB). It is funded through the Leibniz...

Lack of equal rights regarding financial decisions contributes to women’s lower level of financial literacy

DIW Berlin examined the causes for the gender gap in financial literacy in several countries – Cultural factors play a key role in addition to income, education, and experience – Better financial literacy would mean more financial security for women in retirement In most countries of the world, women know less about financial matters than men. Socio-demographic factors such as income, ...