Mr. Fratzscher, you’ve been making a case for more investment in Germany for quite some time now. Has there been any improvement in this area? No, the situation in Germany has essentially shown no improvement. In both private and public investment, we continue to see major weaknesses. The net investment of many municipalities and many states are negative. [...] This interview with Prof. Marcel ...
Using longitudinal data from the German Socio-Economic Panel (SOEP), we show that paternal unemployment has a surprisingly positive causal effect on the "Big 5" personality traits of children aged 17 to 25. In particular, our results from longitudinal value-added models for personality suggest that paternal unemployment makes children significantly more conscientious and less neurotic. Our results ...
In this paper we propose different criteria to rank income distributions according to equality of opportunity. Different from existing ones, our criteria explicitly recognize the interplay between circumstances and effort. We characterize them axiomatically and we compare them with existing criteria; then we propose some scalar measures. We show that our ex post criteria are mostly obtained from "seemingly" ...
We use the panel data of the German Socio-Economic Panel (SOEP) and of the Ukrainian Longitudinal Monitoring Survey (ULMS) to investigate whether risk attitudes have primary (exogenous) determinants that are valid in different stages of economic development and in a different structural context, comparing a mature capitalist economy and a transition economy. We then analyze the stability of the risk ...
Context While the UNFCCC Lima outcome and the UNSG’s Climate Summit, among other developments, reconfirmed that pricing carbon remains a key emissions reduction tool, the focus of international negotiations has shifted from global carbon pricing mechanisms towards support for countries in their implementation of national transformation strategies, often including forms of pricing. But if...
Project website The “Climate Friendly Materials” platform researches and supports the transformation in the production and use of raw materials as part of the transition to climate neutrality.
The Sustainable Finance Research Platform is a network of five German research institutions. With their independent research, the project partners aim to support stakeholders in politics, the financial sector, and the real economy in understanding and shaping the central role of capital markets in achieving a net-zero economy. The researchers involved answer social, political, and business...
About Our Project The project researches the implementation of Nationally Determined Contributions (NDCs) in Brazil, Germany/EU, India, Indonesia and South Africa, by research-based policy advice and capacity building. The project will especially analyse policy and financial instruments that support the just transition to a climate-friendly pathway and that can contribute to the mobilization of...
Overview The project relates to the current political discussion on the decarbonization of industry. The focus is on project-based Carbon Contracts for Difference (CCfD) for industry. An important focus is on the design and monitoring of a national support scheme. The research results of the project are incorporated into the development of the program as required and as targeted as possible....
