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Refereed essays Web of Science
It is proven that the observed return rates on capital have an upward bias if firms are producing with unobserved intangible capital. Using a comprehensive firm level database for Germany, this theoretical preposition is supported empirically. Furthermore, by making unobserved intangible capital observable, dispersion in return rates is dramatically reduced. The results support the assumption that ...
In:
The Review of Income and Wealth
59 (2013), 4, S. 648-664
| Bernd Görzig, Martin Gornig
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Refereed essays Web of Science
This paper empirically investigates whether globalization can improve women's rights. Using panel data from 150 countries over the 1981-2008 period, I find that social globalization positively affects women's economic and social rights. When controlling for social globalization, however, economic globalization does not have any effect on women's rights. Despite the positive effect of (social) globalization ...
In:
International Studies Quarterly
57 (2013), 4, S. 683-697
| Seo-Young Cho
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Refereed essays Web of Science
We theorize how social policy affects marital stability vis-à-vis macro and micro effects of wives' employment on divorce risk in 11 Western countries. Correlations among 1990s aggregate data on marriage, divorce, and wives' employment rates, along with attitudinal and social policy information, seem to support specialization hypotheses that divorce rates are higher where more wives are employed and ...
In:
Social Politics
20 (2013), 4, S. 482-509
| Lynn Prince Cooke, Jani Erola, Marie Evertsson, Michael Gähler, J. Härkönen, Belinda Hewitt, M. Jalovaara, Man-Yee Kan, T. H. Lyngstad, L. Mencarini, J.-F. Mignot, D. Mortelmans, A. Poortman, Christian Schmitt, H. Trappe
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Refereed essays Web of Science
In this paper the German congestion management regime is analyzed and future congestion management costs are assessed given a higher share of intermittent renewable generation. In this context, cost-based re-dispatching of power plants and technical flexibility through topology optimization are considered as market-based and technical congestion management methods. To replicate the current market regime ...
In:
The Energy Journal
34 (2013), 4, S. 55-78
| Friedrich Kunz
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Refereed essays Web of Science
It is emphasized that the shocks in structural vector autoregressions are only identified up to sign and it is pointed out that this feature can result in very misleading confidence intervals for impulse responses if simulation methods such as Bayesian or bootstrap methods are used. The confidence intervals heavily depend on which variable is used for fixing the signs of the responses. In particular, ...
In:
Statistical Papers
54 (2013), 4, S. 1131-1145
| Helmut Lütkepohl
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Refereed essays Web of Science
Der Beitrag vergleicht den Effekt der Geschlechterzusammensetzung im Beruf auf die Verdienstunterschiede von Frauen und Männern zwischen Führungspositionen und Nicht Führungspositionen in der Privatwirtschaft auf der Basis von Daten des Sozio-oekonomischen Panels (SOEP). Anhand gängiger theoretischer Ansätze wird die Hypothese entwickelt, dass in Führungspositionen die Qualifikationsanforderungen und ...
In:
Zeitschrift für Soziologie
42 (2013), 4, S. 315-336
| Anne Busch, Elke Holst
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Refereed essays Web of Science
In 1988 Basil Moore published his book Horizontalists and Verticalists: The Macroeconomics of Credit Money, which this year celebrates its 25th birthday. We discuss this book from today's perspective, and in particular whether Moore's main assertions have been validated or rejected by the development of central bank practice and academic monetary economics. We find that the book has impressively stood ...
In:
Review of Keynesian Economics
1 (2013), 4, S. 383-390
| Ulrich Bindseil, Philipp König
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Refereed essays Web of Science
Various studies interpret the positive correlation between income risk and wealth as evidence of significant precautionary savings. However, these high estimates emerge from pooling non-entrepreneurs and entrepreneurs, without controlling for heterogeneity. This article provides evidence for Germany based on representative panel data that includes private wealth balance sheets. Entrepreneurs, who face ...
In:
Oxford Bulletin of Economics and Statistics
75 (2013), 4, S. 528¿555
| Frank M. Fossen, Davud Rostam-Afschar
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Refereed essays Web of Science
Using data from national socio-economic panel surveys in Australia, Britain and Germany, this paper analyzes the effects of individual preferences and choices on subjective well-being (SWB). It is shown that, in all three countries, preferences and choices relating to life goals/values, partner's personality, hours of work, social participation and healthy lifestyle have substantial and similar effects ...
In:
Social Indicators Research
112 (2013), 3, S. 725-748
| Bruce Headey, Ruud Muffels, Gert G. Wagner
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Refereed essays Web of Science
The aim of this study is to estimate the causal effect of family size on the proximity between older mothers and adult children by using a large administrative data set from Sweden. Our main results show that adult children in Sweden are not constrained by sibship size in choosing where to live: for families with more than one child, sibship size does not affect child-mother proximity. For aging parents, ...
In:
Demography
50 (2013), 3, S. 903-931
| Helena Holmlund, Helmut Rainer, Thomas Siedler