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Refereed essays Web of Science
Households can rely on private savings or on public unemployment insurance to hedge against the risk of becoming unemployed. These hedging mechanisms are used differently across countries. In this paper, we use a life cycle model to study the effects of unemployment on the portfolio choice of households in the US and in Germany. We distinguish short- and long-term unemployment and find that, in case ...
In:
Journal of Macroeconomics
40 (2014), S. 90-113
| Franziska Bremus, Vladimir Kuzin
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Refereed essays Web of Science
With the European Strategic Energy Technology Plan (SET Plan) expiring in 2020, the EU needs to revisit its energy technology policy for the post-2020 horizon and to establish a policy framework that fosters the achievement of ambitious EU commitments for decarbonization by 2050. We discuss options for a post-2020 EU energy technology policy, taking account of uncertain technology developments, uncertain ...
In:
Energy Policy
66 (2014), S. 209-217
| Sophia Rüster, Sebastian Schwenen, Matthias Finger, Jean-Michel Glachant
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Refereed essays Web of Science
Access to health care is an important factor in explaining health inequalities. This study focuses on the issue of access to health care as a driving force behind the socialdiscrepancies in cesarean delivery using data from 707 newborn children in the 2006-2011 birth cohorts of the German Socio-Economic Panel Study (SOEP). Data on individual birth outcomes are linked to hospital data using extracts ...
In:
Health & Place
27 (2014), S. 9-21
| Anita Kottwitz
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Refereed essays Web of Science
The Chinese economic development affects GDP growth and inflation in the advanced countries. The size of the effects is inferred from multivariate time series and structural econometric methods. In particular, the GVAR and the NiGEM are employed to examine the interdependencies between the business cycles in China and industrial countries, including the US, the euro area and Japan. Evidence is based ...
In:
Economic Modelling
38 (2014), S. 184-189
| Christian Dreger, Yanqun Zhang
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Refereed essays Web of Science
The role and influence of the finance minister within the cabinet are discussed with increasing prominence in the theoretical literature on the political economy of budget deficits. It is generally assumed that the spending ministers can enhance their reputation purely with new or more extensive expenditure programs, whereas it is the sole interest of the finance minister to balance the budget. Using ...
In:
European Journal of Political Economy
34 (2014), S. 390-408
| Beate R. Jochimsen, Sebastian Thomasius
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Refereed essays Web of Science
This paper reviews the adjustments of the feed-in tariffs for new solar photovoltaic (PV) installations in Germany. As PV system prices declined rapidly since 2009, the German government implemented automatic mechanisms to adjust the remuneration level for new installations in response to deployment volumes. This paper develops an analytic model to simulate weekly installations of PV systems of up ...
In:
Energy Economics
44 (2014), S. 36-46
| Thilo Grau
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Refereed essays Web of Science
We analyzed whether individuals reared in institutions differ in their general life satisfaction from people raised in their families. The data comprised of 19,210 German adults (51.5% female) aged from 17 to 101 years and were provided by the SOEP, an ongoing, nationally representative longitudinal study in Germany. Compared to people raised in families, individuals reared in institutions reported ...
In:
Journal of Research in Personality
48 (2014), S. 93-97
| David Richter, Sakari Lemola
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Refereed essays Web of Science
Supply security in imperfect power markets is modelled under different market designs. In a uniform price auction for electricity with two firms, strategic behaviour may leave firms offering too few capacities and unable to supply all realized demand. Market design that relies on capacity markets increases available generation capacities for sufficiently high capacity prices and consequently decreases ...
In:
Energy Economics
43 (2014), S. 256-263
| Sebastian Schwenen
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Refereed essays Web of Science
This paper uses Hierarchical Bayes Models to model and estimate spatial health effects in Germany. We combine rich individual-level household panel data from the German SOEP with administrative county-level data to estimate spatial county-level health dependencies. As dependent variable we use the generic, continuous, and quasi-objective SF12 health measure. We find strong and highly significant spatial ...
In:
Regional Science & Urban Economics
49 (2014), S. 305-320
| Peter Eibich, Nicolas R. Ziebarth
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Refereed essays Web of Science
In structural vector autoregressive (SVAR) analysis a Markov regime switching (MS) property can be exploited to identify shocks if the reduced form error covariance matrix varies across regimes. Unfortunately, these shocks may not have a meaningful structural economic interpretation. It is discussed how statistical and conventional identifying information can be combined. The discussion is based on ...
In:
Journal of Econometrics
183 (2014), S. 104-116
| Helmut Herwatz, Helmut Lütkepohl