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Secular Changes in Late-Life Cognition and Well-Being: Towards a Long Bright Future with a Short Brisk Ending?

How sociocultural contexts shape individual functioning is of prime interest for psychological inquiry. Secular increases favoring later-born cohorts in fluid intelligence measures are widely documented for young adults. In the current study, we quantified such trends in old age using data from highly comparable participants living in a narrowly defined geographical area and examined whether these ...

Signature Requirements and Citizen Initiatives: Quasi-experimental Evidence from Germany

Signature requirements are often used as hurdles to prevent overuse of direct democratic instruments such as citizen initiatives. We evaluate the causal effect of lowering signature requirements on the number of observed citizen initiative petitions. Based on municipal-level data for Germany, we make use of changes in signature requirements that occur at specific population thresholds to build an identification ...

Can't Get It out of My Head: Age Differences in Affective Responsiveness Vary with Preoccupation and Elapsed Time after Daily Hassles

To better understand age differences in negative affective responses to daily hassles, the current study investigated how responses may depend on how much time has elapsed after the hassle and how much one still thinks about the hassle. In an experience-sampling approach with mobile phones, 397 participants aged 12 to 88 years reported their momentary activating (e.g., angry) and deactivating (e.g., ...

Intergenerational Downward Mobility in Educational Attainment and Occupational Careers in West Germany in the Twentieth Century

What happens in the occupational careers of men if the intergenerational continuity in status reproduction is disrupted by the failure to reproduce the parental level of educational attainment? We frame this failure as a risk for intergenerational status maintenance and ask whether such a risk induces extra effort by way of compensation. By studying eight birth cohorts born between 1919 and 1971 characterized ...

Evaluating Renewable Portfolio Standards for In-State Renewable Deployment: Accounting for Policy Heterogeneity

Renewable portfolio standards (RPS) are the most common state-level policies for promoting renewable electricity in the United States. State RPS policies are heterogeneously designed, particularly with respect to their use of flexibility mechanisms that allow obligations to be met with renewable energy generated in other states. However, the renewable energy that is produced within an RPS-enacting ...

Unbundling the Incumbent: Evidence from UK Broadband

We consider the impact of a regulatory process forcing an incumbent telecom operator to make its local broadband network available to other companies (local loop unbundling, or LLU). Entrants are then able to upgrade their individual lines and offer Internet services directly to customers. Employing a very detailed data set covering the whole of the United Kingdom, we find that, over the course of ...

Why Did Self-Employment Increase so Strongly in Germany?

Sectors under Scrutiny: Evaluation of Indicators to Assess the Risk of Carbon Leakage in the UK and Germany

One of the central debates surrounding the design of the European Union Emissions Trading Scheme is the approach to address carbon leakage concerns. Correctly identifying the economic activities exposed to the risk of carbon leakage represents the first step in mitigating the risk effectively. This paper assesses the robustness of the quantitative assessment criteria used by the European Commission ...

The Gender Gap in Entrepreneurship: Not Just a Matter of Personality

Why do entrepreneurship rates differ so markedly by gender? Using data from a large representative German household panel, we investigate to what extent personality traits, human capital, and the employment history influence the start-up decision and can explain the gender gap in entrepreneurship. Applying a decomposition analysis, we observe that the higher risk aversion among women explains a large ...

The Cyclicality of Automatic and Discretionary Fiscal Policy: What Can Real-Time Data Tell Us?

This paper develops a new methodology for estimating both the automatic and discretionary components of fiscal policy in one reaction function using the differences between real-time and ex post data. Discretionary policy should respond to information available to the policy maker at the time (real-time data), whereas automatic fiscal policy should respond to the true state of the economy at the time ...