We investigate the top tail of the German wealth distribution using the first wave of the Household Finance and Consumption Survey (HFCS). Assuming that wealth follows a Pareto distribution above a minimum level, we correct for the "missing rich" by imputing wealth above three million Euro. Then, we investigate the German wealth distribution considering the impact of the imputation. To test the...
In Germany, individuals in need of long-term care receive support through benefits of the long-term care insurance. A central goal of the insurance is to support informal care provided by family members. Care recipients can choose between benefits in kind (formal home care services) and benefits in cash. From a budgetary perspective family care is a cost-saving alternative to formal home care and to ...
Entrepreneurs, creators of new firms, benefit economies in several ways through innovative activities, new job creation, increased productivity and competition, or because they accelerate structural change. Without new entrepreneurs and the businesses they create, economies may stagnate. Therefore, new business formation by entrepreneurs is regarded as one source of innovation and economic growth. ...
In an empirical study based on data from the German Socio-Economic Panel, the effect of job quality on individual health is analyzed. Extending previous studies methodologically to estimate unbiased effects of job satisfaction on individual health, it can be shown that low job satisfaction affects individual health negatively. In a second step, the underlying forces of this broad effect are disentangled. ...
In this paper, we analyze the technical efficiency of CO2 reduction potentials of German power and heat plants, using a non-parametric sequential Data Envelopment Analysis. We apply a metafrontier framework to evaluate plant-level efficiencies in the transformation of inputs into desirable (energy) and undesirable (CO2 emissions) outputs, taking into account different fossil fuel generation technologies. ...
Abstract: This study refers to job matching processes in occupational labour markets. Each of these markets comprises jobs that share extensive commonalities in their required qualifications and tasks. According to previous studies these markets reveal different matching efficiencies, but not much is known about the determinants of these differences. We discuss why certain occupational specific...
In Germany, individuals in need of long-term care receive support through benefits of the long-term care insurance. A central goal of the insurance is to support informal care provided by family members. Care recipients can choose between benefits in kind (formal home care services) and benefits in cash. From a budgetary perspective family care is a cost-saving alternative to formal home care and...
Is it possible to combat global climate change through North-to-South technology transfer even without a global climate treaty? Or do carbon leakage and the rebound effect imply that it is possible to take advantage of technological improvements under the umbrella of a global arrangement only? For answering these questions two possible states of the world are discussed: one, where more energy efficient ...
