Ms. Grohmann, some people make considerably poorer financial decisions than others. Where exactly do these people experience difficulties?Many individuals make poor financial decisions, particularly when it comes to saving for retirement. They don’t start planning early enough and consequently don’t save enough to provide them with financial security in old age. They underestimate how much ...
Manufacturing companies increased their expenditures by more than a fifth between 2010 and 2013 – research-intensive and large companies primarily responsible for the increase – development more dynamic in Germany than in other European countries In 2013, industrial companies in Germany spent a total of 57.2 billion EUR on research and development (R&D). This corresponds to an increase ...
Before the 2007 crisis, the trade-off between output and inflation played a leading role in the discussion of monetary policy. Instead, issues relating to financial stability played a less pronounced role in shaping the stance of monetary policy andwere limited to asset price dynamics. This Round-Up argues that the great interest that emerged after the 2007 crisis in the effects of monetary policy ...
This paper contributes to the debate of whether central banks can "lean against the wind" of emerging stock or house price bubbles. Against this background, the paper evaluates if new advances in real-time bubble detection, as brought forward by Phillips et al. (2011), can timely detect bubble emergences and collapses. Building on simulations, the paper shows that the detection capabilities of all ...
Philipp M. Richter, doctoral student in the DIW Graduate Center since October 2011 and research assistant in the department Energy, Transportation, Environment since October 2012, successfully defended his dissertation on Trade and Climate Policies in July 2015 at TU Berlin. His thesis focuses on the interrelation between globalisation and climate change. The first part of this dissertation analyses ...
Scarce resources, the rising demand for agricultural products and growing land-use competition between the production of energy and food have increased the importance of strategies for food security. In the research project “Global Food Markets: Global Food Security – Challenges for Production and Consumption” both supply and demand-oriented approaches that can realize sustainable supply increases...
Generous income support programs as provided by European welfare states have often been blamed to hamper employment. This paper investigates the importance of incentives inherent in the tax-benefit system for the individual decision to take up work. Using German microdata over the period 1993-2010 we find that recent reforms in Germany increased work incentives at the extensive margin measured by the ...
This paper investigates the influence of political regimes on personality, using the separation of Germany into the socialist GDR and the democratic FRG and its reunification in 1990 as a natural experiment. We show that there are significant differences between former GDR and FRG residents regarding important attributes of personality (particularly the locus of control, neuroticism, conscientiousness, ...
The German population is ageing due to decreasing birth rates and increasing life expectancy. To sustain the German pension system, legal retirement age is increased step by step to 67 years. This raises questions about how to enable and motivate older individuals to work that long. Hence, it is important to understand whether they represent a homogeneous group that can be addressed through specific ...
