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Understanding the Effect of Retirement on Health: Mechanisms and Heterogeneity

This paper investigates the mechanisms behind the health effects of retirement. Using a Regression Discontinuity Design to exploit financial incentives in the German pension system for identification, I find that retirement improves subjective health status and mental health, while also reducing outpatient care utilization. I explore a wide range of health behaviors, time use, and effect heterogeneity ...

The European Union Emissions Trading System: Ten Years and Counting

This article provides an introduction to the European Union (EU) Emissions Trading System (ETS). First we describe the legislative development of the EU ETS, its evolution from free allocation to auctioning and centralized allocation rules, its relationship to the Kyoto Protocol and other trading systems, and its relationship to other EU climate and energy policies. This is followed by an assessment ...

Labor supply and the pension system - Evidence from a Regression Kink Design

This paper uses a Regression Kink Design to estimate the labor supply effects of changes in the financial incentives for early retirement. In particular we examine the effect of the gradual introduction of pension deductions for early retirement according to the 1992 German pension reform on the actual retirement age of women eligible for women old-age pensions. This reform allows to exploit...

Christoph Große Steffen has sucessfully defended his dissertation

Christoph Große Steffen sucessfully defended his dissertation on December 3rd at FU Berlin. Prof. Dr. Gerd G. Wagner and Prof. Dr. Helmut Lütkepohl congratulate him on his success!

Modeling a Carbon Capture, Transport, and Storage Infrastructure for Europe

In this paper, we develop a model to analyze the economics of carbon capture, transport, and storage (CCTS) in the wake of expected rising CO2 prices. We present a scalable mixed integer, multiperiod, welfare-optimizing network model for Europe, called CCTS-Mod. The model incorporates endogenous decisions on carbon capture, pipeline and storage investments, as well as capture, flow and injection quantities ...

Spillover Effects of Local Human Capital Stock on Adult Obesity: Evidence from German Neighborhoods

This paper is the first to estimate the causal effect of local human capital stock on individual adiposity and adds to the existing literature on estimating human capital externalities at the neighborhood level. We explore the possible causal pathways that college-educated neighbors exert on individual body weight, with the results revealing small yet significant human capital spillover effects. Among ...

German Construction Industry: Refurbishment Lacks Momentum, New Residential Construction Gets Second Wind

The construction industry has been a key pillar of the German economy in recent years. New residential construction played a major part in this with the volume of new construction growing nominally by over 60 percent between 2010 and 2014. The development of construction work on existing residential buildings was less dynamic, however, with just under ten-percent growth between 2010 and 2014. A key ...

The Construction Industry Continues Its Upward Trend: Seven Questions to Claus Michelsen

Sören Radde has sucessfully defended his dissertation

Sören Radde sucessfully defended his dissertation on November 27th at TU Berlin. Prof. Dr. Gerd G. Wagner and Prof. Dr. Helmut Lütkepohl congratulate him on his success!

Veronika Bertram-Hümmer has sucessfully defended her dissertation

Veronika Bertram-Hümmer sucessfully defended her dissertation on November 25th at Leibniz University of Hannover. Prof. Dr. Gerd G. Wagner and Prof. Dr. Helmut Lütkepohl congratulate her on her success!