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Selecting the selected? A silbing-analysis on tertiary education transition in Germany

Past studies found considerable impact of parental background on educational decisions, especially in countries with early educational tracking. Our knowledge is however still limited regarding its impact on educational decisions later on in life, like the transition to tertiary education. Do all pupils who reach the highest secondary school track face the same opportunities to go to the...

Intergenerational Mobility Curves

Wall Street Women: Saviors of the Global Economy?

Melissa Fisher, New York University, Department of Social and Cultural AnalysisChair: PD Dr. Elke Holst, Research Director Gender Studies, DIW BerlinIntroduction: Dr. Anja Kirsch, Department of Management, Freie Universität BerlinIn her book Wall Street Women Melissa Fisher ethnographically examined how the first cohort of women in finance enacted "market feminisms", incorporating tenets...

John Doe's Old-Age Provision: Dollar Cost Averaging and Time Diversification

Do timing and time diversification improve the average investor's stock market return? Contrary to literature's scenario of wealthy investors, average investors invest each month over life. Many purchases prevent investors from buying at peak, but horizons decrease, giving latter investments less time to offset losses. This paper accommodates timing using internal rates of return, facilitating the ...

The Effects of Family Policy on Mothers' Labor Supply: Combining Evidence from a Structural Model and a Natural Experiment

Parental leave and subsidized child care are prominent examples of family policies supporting the reconciliation of family life and labor market careers for mothers. In this paper, we combine different empirical strategies to evaluate the employment effects of these policies for mothers in Germany. In particular we estimate a structural labor supply model and exploit a natural experiment, i.e. the ...

Intraday Anomalies and Market Efficiency: A Trading Robot Analysis

One of the leading criticisms of the Efficient Market Hypothesis (EMH) is the presence of so-called “anomalies”, i.e. empirical evidence of abnormal behaviour of asset prices which is inconsistent with market efficiency. However, most studies do not take into account transaction costs. Their existence implies that in fact traders might not be able to make abnormal profits. This paper examines whether ...

Housing Market Responses to Transaction Taxes: Evidence From Notches and Stimulus in the UK

BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.

Fast Methods for Jackknifing Inequality Indices

The jackknife is a resampling method that uses subsets of the original database by leaving out one observation at a time from the sample. The paper develops fast algorithms for jackknifing inequality indices with only a few passes through the data. The number of passes is independent of the number of observations. Hence, the method provides an efficient way to obtain standard errors of the estimators ...

Income Inequality Developments in the Great Recession

The Great Recession has increased concerns over the fairness of the distribution of wealth and income in many societies. Using data on eight advanced economies (Germany, Greece, Ireland, Italy, Slovakia, Spain, the United Kingdom, and United States) between 2007 and 2010, I show how the Great Recession affected income inequality in different countries and how families and the state tried to mitigate ...

Forward-looking Behavior and Stockpiling of Prescription Drugs