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The New Growth Debate

The developed economies of Europe and the United States are slowly recovering from the worldwide financial crisis and the debt crisis in the euro area. How will the economic situation of these countries evolve in the future? Will the developed economies experience high rates of productivity and economic growth or will they have to face stagnation for a long period of time? Various famous economists ...

Unlocking Further Potential in the National Cohort Study through Comparability with the German Socio-Economic Panel

Background: The National Cohort (Nationale Kohorte = NaKo) will be one of the largest cohort studies in Europe to include intensive physical examinations and extensive information about the socio-demographic background and behavior of the subjects. However, regional selectivity of the study and potential learning effects due to the panel structure of the data present challenges for researchers using ...

Looking Back in Anger? Retirement and Unemployment Scarring

Previous studies find that past unemployment reduces life satisfaction even after reemployment for non-monetary reasons (unemployment scarring). It is not clear, however, whether this scarring is only caused by employment-related factors, such as worsened working conditions, or increased future uncertainty as regards income and employment. Using German panel data, we identify non-employment-related ...

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

Abstract: Past studies show, that early educational tracking strengthens the persistence of economic outcomes from parents to children. In the case of Germany, this could be one of the reasons for the experienced low educational mobility. This being said, an interesting question which has been analysed in fewer studies so far, deals with the transition to tertiary education. Do all pupils who...

Beyond the "Grid-Lock" in Electricity Interconnectors: The Case of Germany and Poland

The common European electricity market requires both market integration and transmission grid expansion, including trans-border interconnectors. Although the benefits of increased interconnectivity are widely acknowledged, expansion of interconnectors is often very slow. This paper gathers insights on the reasons behind this “grid-lock” drawing on the study of the German-Polish border. Although two ...

Network Expansion to Mitigate Market Power: How Increased Integration Fosters Welfare

Lack of transmission capacity hampers the integration of the European electricity market, and thereby precludes reaping the full benefits of competition. We investigate the extent to which transmission grid expansion promotes competition, efficiency and welfare. This work proposes a three-stage model for grid investment: a benevolent planner decides on network upgrades, considering welfare benefits ...

National-Strategic Investment in European Power Transmission Capacity

The transformation of the European energy system requires substantial investment in transmission capacity to facilitate cross-border trade and to efficiently integrate renewable energy sources. However, network planning in the EU is still mainly a national prerogative. In contrast to other studies aiming to identify the pan-European (continental) welfare-optimal transmission expansion, we investigate ...

Does the Arrival of a Formal Financial Institution Alter Informal Sharing Arrangements?

Economics of Networks: Theory and Applications

14:00-17:30 (7 July) 09:00-12:30 (8 July)

Work-Retirement Transition Pathways: Reforms Have Major Impact

Germany's draft bill to improve the benefits provided under the statutory pension insurance scheme (Gesetz über Leistungsverbesserungen in der gesetzlichen Rentenversicherungen) will entitle, in particular, those who have contributed for many years (at least 45) to retire early on a full pension (without any reductions to their pension payments) at the age of 63. The proposed reform is in stark ...