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Refereed essays Web of Science
This paper exploits rich SOEP microdata to analyze state-level variation in health care utilization in Germany. Unlike most studies in the field of the Small Area Variation (SAV) literature,our approach allows us to net out a large array of individual-level and state-level factors that may contribute to the geographic variation in health care utilization. The raw data suggest that state-level hospitalization ...
In:
Health Policy
114 (2014), 1, S. 41-53
| Peter Eibich, Nicolas R. Ziebarth
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Refereed essays Web of Science
A personal bankruptcy law that allows for a "fresh start" not only reduces the individual risk involved in entrepreneurship, but may also lead to higher interest rates charged by creditors. Both effects are less relevant for wealthy potential entrepreneurs. This paper illustrates these effects in a model and tests the hypotheses derived by exploiting the introduction of a "fresh start" policy in Germany ...
In:
American Law and Economics Review
16 (2014), 1, S. 269-312
| Frank M. Fossen
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Refereed essays Web of Science
This study examines how a mother being the main or an equal earner impacts the relationship stability of heterosexual couple parents, using the UK's Millennium Cohort Survey. Various theories alternatively predict that such couples experience a higher or lower risk of divorce than male-breadwinner couples. Alternatively the characteristics of these couples may predispose them to relatively higher or ...
In:
Sociology
48 (2014), 1, S. 38-58
| Shireen Kanji, Pia S. Schober,
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Refereed essays Web of Science
We evaluate the informational content of ex post and ex ante predictors of periods of excess stock (market) valuation. For a cross-section comprising 10 OECD economies and a time span of at most 40 years, alternative binary chronologies of price bubble periods are determined. Using these chronologies as dependent processes and a set of macroeconomic and financial variables as explanatory variables, ...
In:
Journal of Forecasting
33 (2014), 1, S. 15-31
| Helmut Herwartz, Konstantin A. Kholodilin
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Refereed essays Web of Science
We examine moonlighting by politicians in Germany. In July 2007, the German Supreme Court adjudicated that members of parliament (MPs) have to publish details of their outside earnings. Using panel data models, we investigate how outside earnings are correlated with absence and parliamentary activity. The results do not indicate that outside earnings are correlated with absence rates and speeches; ...
In:
European Journal of Political Economy
36 (2014), S. 147-157
| Felix Arnold, Björn Kauder, Niklas Potrafke
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Refereed essays Web of Science
What are the economic effects of a central bank that takes the evolution of house prices into account? In an attempt to answer this question, we use a New Keynesian dynamic stochastic general equilibrium model with a housing sector to explore the economic impacts of a central bank reacting to house price inflation. We examine this in the context of two different shocks that are associated with two ...
In:
Journal of Housing Economics
26 (2014), S. 119-125
| Guido Baldi
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Refereed essays Web of Science
Applying a financial assets approach, we analyze the returns and earnings risk of investments into different types of human capital. Even though the returns from investing in human capital are extensively studied, little is known about the properties of the returns to different types of human capital within a given educational path. Using information from the German Micro Census, we estimate the risk ...
In:
Economics of Education Review
42 (2014), S. 109-129
| Daniela Glocker, Johanna Storck
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Refereed essays Web of Science
In light of the recent interest in using longitudinal panel data to study personality development, it is important to know if personality traits are related to panel attrition. We analyse the effects of personality on panel drop-out separately for an ‘older’ subsample (started in 1984), a relatively ‘young’ subsample (started in 2000), and a ‘new’ subsample (started in 2009) of the German Socio-Economic ...
In:
Journal of Research in Personality
53 (2014), S. 31-35
| David Richter, John Körtner, Denise Saßenroth
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Refereed essays Web of Science
Distributed energy resources allow for new business models that have the potential to substantially change today's power system functioning paradigm. In particular, these changes pose challenges for distribution system operators (DSOs) and their regulation alike. This article sheds light on missing aspects in current regulation, recognizing DSOs as regulated monopolies, but also as key players along ...
In:
Utilities Policy
31 (2014), S. 229-237
| Sophia Rüster, Sebastian Schwenen, Carlos Batlle, Ignacio Pérez-Arriaga
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Refereed essays Web of Science
Taking a quarter-century to build Europe's internal market for electricity may seem an incredibly long journey. The aim of achieving a Europe-wide market might be reached, but it has involved – and continues to involve – a process subject to many adverse dynamics. The EU internal market may derail greatly in the coming years from the effects of a massive push for renewables, as well as a growing decentralization ...
In:
Utilities Policy
31 (2014), S. 221-228
| Jean-Michel Glachant, Sophia Rüster