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Passed Over for Promotions: Women Still Severely Underrepresented on Financial Sector Boards

Passed Over for Promotions: Women Still Severely Underrepresented on Financial Sector BoardsBy: Elke Holst, Julia Schimeta in: DIW Economic Bulletin 4/2012.Opportunities to increase the proportion of female board members in Germany's financial sector were missed during post-crisis period of management shakeups. As of 2011, the proportion of women on executive boards was still as low as in previous ...

Does Fiscal Decentralisation Foster Regional Investment in Productive Infrastructure?

The aim of this paper is to analyze the effect of revenue decentralization on the provision of infrastructure at the sub-national level. We estimate the effects of revenue decentralization and earmarked grant financing on the level of sub-national infrastructure investment in 20 European countries over the period 1990-2009. The results are interpreted in light of the predictions of the theory on fiscal ...

Safe Conditional Eurobonds: Has Austerity Gone too Far?

Income Comparisons and Non-cognitive Skills

People gain utility from occupying a higher ranked position in the income distribution of the reference group. This paper investigates whether these gains depend on an individual's set of non-cognitive skills. Using the 2000-2008 waves of the German Socioeconomic Panel dataset (SOEP), a subjective question on Life Satisfaction, and three different sets of non-cognitive skills indicators, we find significant ...

Using duration models for public policy evaluation

09:00-12:00 (Wed, Room 5.2.010)14:00-18:00 (Wed, Room 5.2.010)14:30-16:30 (Thu, Room 2.2.008)

Recent topics in international trade

The course studies the role of firm heterogeneity in international trade. It reviews the sources of firm heterogeneity and the canonical models of heterogeneity and trade. It then evaluates these models in light of micro-level empirical evidence, and evaluates their quantitative performance for predicting aggregate outcomes. It also offers new directions of research: models of within-firm...

The Prospects of the Baby Boomers: Methodological Challenges in Projecting the Lives of an Aging Cohort

In most industrialized countries, the work and family patterns of the baby boomers characterized by more heterogeneous working careers and less stable family lives setthem apart from preceding cohorts. Thus, it is of crucial importance to understand how these different work and family lives are linked to the boomers' prospective material well-being as they retire. This paper presents a new and unique ...

Taxing Childcare: Effects on Family Labor Supply and Children

Previous studies report a wide range of estimates for how female labor supply responds to childcare prices. We shed new light on this question using a reform that raised the prices of public daycare. Parents respond by reducing public daycare and increasing childcare at home. Parents also reduce informal childcare indicating that public daycare and informal childcare are complements. Female labor force ...

Terrorism Shocks and Stock Market Reaction Patterns

In this Policy Briefing, we discuss two important questions: (i) whether and how terrorism shocks are transmitted across international stock markets, (ii) what is the role of behavioral factors in explaining these stock market reactions. According to our findings terrorism shocks are indeed diffused cross-nationally in a non-uniform manner. Economic channels such as the degree of a country's integration ...

Do Poor Economic Conditions Affect Terrorism?

While the existing empirical literature shows that poverty and economic conditions are not correlated with the quantity of terror, theory predicts that poverty and poor economic conditions may affect the quality of terror. Poor economic conditions may lead more able individuals to participate in terror attacks, allowing terror organizations to send betterqualified terrorists to more complex, high-impact ...