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Refereed essays Web of Science
We study the multifaceted effects of trade policy shocks on financial markets using a structural vector autoregression identified via event day heteroskedasticity. We find that restrictive US trade policy shocks affect US and international stock prices heterogeneously, but generally negatively. They increase market uncertainty, lower US interest rates, and lead to an appreciation of the US dollar. ...
In:
Journal of Applied Econometrics
38 (2023), 3, S. 388-406
| Lukas Boer, Lukas Menkhoff, Malte Rieth
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Refereed essays Web of Science
We fit CES and VES production functions to data from a numerical bottom-up optimization model of electricity supply with clean and dirty inputs. This approach allows for studying high shares of clean energy not observable today and for isolating mechanisms that impact the elasticity of substitution between clean and dirty energy. Central results show that (i) dirty inputs are not essential for production. ...
In:
Journal of the Association of Environmental and Resource Economists
10 (2023), 3, S. 819-863
| Fabian Stöckl, Alexander Zerrahn
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Refereed essays Web of Science
SARS-CoV-2, the coronavirus, spread across Germany within just a short period of time. Seroepidemiological studies are able to estimate the proportion of the population with antibodies against SARS-CoV-2 infection (seroprevalence) as well as the level of undetected infections, which are not captured in official figures. In the seroepidemiological study Corona Monitoring Nationwide (RKI-SOEP-2), biospecimens ...
In:
Jahrbücher für Nationalökonomie und Statistik
243 (2023), 3-4, S. 431–449
| Susanne Bartig, Herbert Brücker, Hans Butschalowsky, Christian Danne, Antje Gößwald, Laura Goßner, Markus M. Grabka, Sebastian Haller, Doris Hess, Isabell Hey, Jens Hoebel, Susanne Jordan, Ulrike Kubisch, Wenke Niehues, Christina Poethko-Mueller, Maximilian Priem, Nina Rother, Lars Schaade, Angelika Schaffrath Rosario, Martin Schlaud, Manuel Siegert, Silke Stahlberg, Hans Walter Steinhauer, Kerstin Tanis, Sabrina Torregroza, Parvati Trübswetter, Jörg Wernitz, Lothar H. Wieler, Hendrik Wilking, Sabine Zinn
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Refereed essays Web of Science
We investigate the effect of the COVID-19 pandemic on self-employed people’s mental health. Using representative longitudinal survey data from Germany, we reveal differential effects by gender: whereas self-employed women experienced a substantial deterioration in their mental health, self-employed men displayed no significant changes up to early 2021. Financial losses are important in explaining these ...
In:
Entrepreneurship Theory and Practice
47 (2023), 3, S. 788-830
| Marco Caliendo, Daniel Graeber, Alexander S. Kritikos, Johannes Seebauer
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Refereed essays Web of Science
Objective: Personality has long been assumed to be a cause of religiosity, not a consequence. Yet, recent research suggests that religiosity may well cause personality change. Consequently, longitudinal research is required that examines the bi-directionality between personality and religiosity. The required research must also attend to cultural religiosity—a critical moderator in previous cross-sectional ...
In:
Journal of Personality
91 (2023), 3, S. 736-752
| Theresa Entringer, Jochen E. Gebauer, Hannes Kroeger
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Refereed essays Web of Science
This study quantifies the distributional effects of the minimum wage introduced in Germany in 2015. Using detailed Socio-Economic Panel survey data, we assess changes in the hourly wages, working hours, and monthly wages of employees who were entitled to be paid the minimum wage. We employ a difference-in-differences analysis, exploiting regional variation in the “bite” of the minimum wage. At the ...
In:
Empirical Economics
64 (2023), 3, S.1149–1175
| Marco Caliendo, Alexandra Fedorets, Malte Preuss, Carsten Schröder, Linda Wittbrodt
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Refereed essays Web of Science
This paper examines how wealth and income inequality dynamics are related to fluctuations in the functional income distribution over the business cycle. In a panel estimation for OECD countries between 1970 and 2016, although inequality is, on average countercyclical and significantly associated with the capital share, one-third of the countries display a pro- or noncyclical relationship. To analyze ...
In:
Macroeconomic Dynamics
27 (2023), 3, S. 571-600
| Marius Clemens, Ulrich Eydam, Maik Heinemann
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Refereed essays Web of Science
Recent years have seen a growing number of studies investigating the accuracy of nonprobability online panels; however, response quality in nonprobability online panels has not yet received much attention. To fill this gap, we investigate response quality in a comprehensive study of seven nonprobability online panels and three probability-based online panels with identical fieldwork periods and questionnaires ...
In:
Sociological Methods & Research
52 (2023), 2, S. 879–908
| Carina Cornesse, Annelies G. Blom
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Refereed essays Web of Science
Within an analytical approach that mirrors the relationship between road deterioration, traffic load, and road renewal, we estimate the marginal costs of road renewals as part of a social marginal cost scheme for road charging. Based on a comprehensive data set for German motor ways, we estimate a Weibull dura tion model with shared frailties that account for unobserved heterogeneity, including covariates ...
In:
Journal of Transport Economics and Policy
57 (2023), 2, S. 104-130
| Neil Murray, Heike Link
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Refereed essays Web of Science
Positive assortative mating may be a driver of wealth inequalities, but this relationship has not yet been examined. We investigate the association between assortative mating and wealth inequality within and between households drawing on data from the United States Survey of Income and Program Participation and measuring current, individual-level wealth for newly formed couples (N = 3936 couples). ...
In:
Social Forces
102 (2023), 2, S. 454–474
| Philipp M. Lersch, Reinhard Schunck