The energy crisis following Russia’s invasion of Ukraine exposed the heightened vulnerability of low-income households to rising heating costs, particularly those in energy inefficient buildings. Using data from the German Socio-Economic Panel (SOEP), this study examines the distributional impact of heating costs across income deciles and evaluates the effectiveness of policy interventions. We find ...
Theory suggests that corporate and sovereign bonds are fundamentally different, also because sovereign debt has no bankruptcy mechanism and is hard to enforce. We show empirically that the two assets are more similar than you think, at least when it comes to high-yield bonds over the past 20 years. We use rich new data to compare high-yield US corporate (“junk”) bonds to high-yield emerging market ...
The Russian invasion of Ukraine in 2022 triggered an energy crisis in Germany, with consumer energy prices skyrocketing over the course of the year. Due to concerns about gas shortages, various programs aimed at reducing consumption were set up and the German Federal Government and numerous organizations appealed to consumers to save as much energy as possible. This Weekly Report investigates how much ...
The Berlin IO Day is a one-day workshop sponsored by the Berlin Centre for Consumer Policies (BCCP) and supported by the Berlin's leading academic institutions, including DIW Berlin, ESMT Berlin, Freie Universität Berlin, Humboldt-Universität zu Berlin, and Technische Universität Berlin. The aim is to create an international forum for high quality research in Industrial Organization in the heart...
Mission Cornerstones of our work Vision The German Socio-Economic Panel (SOEP) is an independent , non-partisan research-driven infrastructure unit that serves the international scientific community by providing nationally representative longitudinal data (the SOEP study) and related datasets (SOEP-Related Studies) on private households in Germany. The SOEP team is recognized internationally ...
Economic conditions at time of labor market entry have been shown to have large negative effects on labor market outcomes for an extended period of time. The immediate effects have been shown to be worse for lower educated entrants. In the long run, the effects may be very different as low and high educated have different possibilities to accommodate this negative shock, high educated entrants can...
