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Refereed essays Web of Science
Tropical cyclones that make landfall on the coast of the USA are causing increasing economic losses. It is assumed that the increase in losses is largely due to socio-economic developments, i.e. growing wealth and greater settlement of exposed areas. However, it is also thought that the rise in losses is caused by increasing frequency of severe cyclones resulting from climate change, whether due to ...
In:
Regional Environmental Change
10 (2010), 1, S. 13-26
| Silvio Schmidt, Claudia Kemfert, Peter Höppe
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Refereed essays Web of Science
This study uses longitudinal panel data and short-term retest data from the same respondents in the German Socio-economic Panel to estimate the contribution of state and trait variance to the reliable variance in judgments of life satisfaction and domain satisfaction. The key finding is that state and trait variance contribute approximately equally to the reliable variance in well being measures. Most ...
In:
Social Indicators Research
95 (2010), 1, S. 19-31
| Ulrich Schimmack, Peter Krause, Gert G. Wagner, Jürgen Schupp
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Refereed essays Web of Science
Fostering and supporting start-up businesses by unemployed persons has become an increasingly important issue in many European countries. These new ventures are being subsidized by various governmental programs. Empirical evidence on skill-composition, direct job creation and other key variables is rather scarce, largely because of inadequate data availability. We base our analysis on unique survey ...
In:
Small Business Economics
35 (2010), 1, S. 71-92
| Marco Caliendo, Alexander S. Kritikos
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Refereed essays Web of Science
The purpose of this paper is to investigate the impact of the 1986 Chernobyl nuclear disaster on satisfaction with life and on concern about the environment. Using data from the German Socio-Economic Panel Study and identifying the exogenous event through the exact date of occurance, I find that concern about the environment sharply increased immediately after the incident. However, there is no effect ...
In:
Kyklos
63 (2010), 1, S. 1-8
| Eva M. Berger
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Refereed essays Web of Science
Risk attitudes influence the complete life cycle of entrepreneurs. Whereas recent research underpins the theoretical proposition of a positive correlation between risk attitudes and the decision to become self-employed, the effects on survival are not as straightforward. Psychological research posits an inverse U-shaped relationship between risk attitudes and entrepreneurial survival. On the basis ...
In:
Journal of Economic Behavior & Organization
76 (2010), 1, S. 45-63
| Marco Caliendo, Frank M. Fossen, Alexander S. Kritikos
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Refereed essays Web of Science
This study estimates the reform effects of a reduction in statutory sick pay levels on sickness absence behavior and labor costs. German federal law reduced the legal obligation of German employers to provide 100% continued wage pay for up to six weeks per sickness episode. In 1996 statutory sick pay was decreased to 80% of foregone gross wages. Within the reform's target group - private sector employees ...
In:
Journal of Public Economics
94 (2010), 11/12, S. 1108-1122
| Nicolas R. Ziebarth, Martin Karlsson
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Refereed essays Web of Science
In a wage bargaining model, a stronger earnings relationship of unemployment benefits may reduce wages. Therefore, the benefit structure significantly influences profits and trade union utility, raising the question as to how the benefit structure is determined in the political process. We consider a government that chooses the earnings relationship in order to maximize its political support. Our model ...
In:
Public Choice
145 (2010), 1-2, S. 137-163
| Laszlo Goerke, Markus Pannenberg, Heinrich W. Ursprung
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Refereed essays Web of Science
Recent empirical studies have found evidence of unstable long run money demand functions if recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in the ECB strategy has to be doubted. In contrast we present a "stable" long run money demand relationship for M3 for the period 1983-2006. To obtain the result, the short run homogeneity ...
In:
Public Choice
144 (2010), 3-4, S. 459-472
| Christian Dreger, Jürgen Wolters
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Refereed essays Web of Science
Optimal tax rules are used to evaluate the optimality of taxation for lone mothers in Germany and Britain. The theoretical model is combined with elasticities derived from the structural estimation of lone mothers' labour supply. For both countries we do not find that in-work credits with marginal tax rates are optimal. However we show that when the government has a low taste for redistribution, out-of-work ...
In:
The Economic Journal
119 (2009), 535, S. 101-121
| Richard Blundell, Mike Brewer, Peter Haan, Andrew Shephard
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Refereed essays Web of Science
This paper formulates a model to explain how parental care responsibilities and family structure interact in affecting children's mobility characteristics. Our main result is that the mobility of young adults crucially depends on the presence of a sibling. Siblings compete in location and employment decisions to direct parental care decisions towards their preferred outcome. Only children are not exposed ...
In:
Economica
76 (2009), 303, S. 528-556
| Helmut Rainer, Thomas Siedler