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Refereed essays Web of Science
This paper investigates the effect of insolvency regulation reforms on cross-border debt and equity investments at aggregate and sectoral levels. Using disaggregated data from the ECB’s Securities Holdings Statistics by Sector (SHSS) database and the OECD indicators on efficiency of insolvency regulations, we find that investors increase their debt and equity holdings in the countries that undertook ...
In:
Journal of International Money and Finance
131 (2023), 102795, 24 S.
| Tatsiana Kliatskova, Loïc Baptiste Savatier, Michael Schmidt
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Refereed essays Web of Science
This paper studies market segmentation that arises from the introduction of rent control. When a part of the market remains unregulated, theory predicts an increase of free-market rents due to the misallocation of households to dwellings. To document this mechanism empirically, we study a large-scale policy intervention in the German housing market. We isolate the misallocation mechanism by exploiting ...
In:
Journal of Urban Economics
134 (2023), 103513, 22 S.
| Andreas Mense, Claus Michelsen, Konstantin A. Kholodilin
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Refereed essays Web of Science
Using machine learning methods in a quasi-experimental setting, I study the heterogeneous effects of introducing waste prices - unit prices on household unsorted waste disposal - on waste demands and municipal costs. Using a unique panel of Italian municipalities with large variation in prices and observables, I show that waste demands are nonlinear. I find evidence of constant elasticities at low ...
In:
Journal of Environmental Economics and Management
117 (2023), 102755, 18 S.
| Marica Valente
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Refereed essays Web of Science
In this paper, we use unique health record data that cover outpatient care and the associated costs to quantify the health care costs of a sizable increase in the retirement age in Germany. For the identification, we exploit a sizable cohort-specific pension reform which abolished an early retirement program for all women born after 1951. Our results show that health care costs significantly increase ...
In:
The European Journal of Health Economics
24 (2023), S. 1101–1120
| Johannes Geyer, Mara Barschkett, Peter Haan, Anna Hammerschmid
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Refereed essays Web of Science
Paid parental leave schemes have been shown to increase women’s employment rates but to decrease their wages in case of extended leave duration. In view of these potential trade-offs, many countries are discussing the optimal design of parental leave policies. We analyze the impact of a major parental leave reform on mothers’ long-term earnings. The 2007 German parental leave reform replaced a means-tested ...
In:
Labour Economics
80 (2023), 102296, 13 S.
| Corinna Frodermann, Katharina Wrohlich, Aline Zucco
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Refereed essays Web of Science
We propose a new bootstrap algorithm for inference for impulse responses in structural vector autoregressive models identified with an external proxy variable. Simulations show that the new bootstrap algorithm provides confidence intervals for impulse responses which often have more precise coverage than and similar length to the competing moving-block bootstrap intervals. An empirical example shows ...
In:
Computational Economics
62 (2023), S. 1857–1882
| Martin Bruns, Helmut Lütkepohl
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Refereed essays Web of Science
This is the first paper to examine experimentally effects of information provision on beliefs about pecuniary and non-pecuniary returns of postgraduate education, enrolment intentions and realized enrolment. We find that our treatment causally affects beliefs measured six months after treatment. The effects on beliefs differ by gender and academic background, and we find that stated enrolment intentions ...
In:
Economica
89 (2022), 355, S. 627-646
| Jan Berkes, Frauke Peter, C. Katharina Spieß, Felix Weinhardt
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Refereed essays Web of Science
This study explores how researchers’ analytical choices affect the reliability of scientific findings. Most discussions of reliability problems in science focus on systematic biases. We broaden the lens to emphasize the idiosyncrasy of conscious and unconscious decisions that researchers make during data analysis. We coordinated 161 researchers in 73 research teams and observed their research decisions ...
In:
Proceedings of the National Academy of Sciences of the United States of America
119 (2022), 44, e2203150119, 8 S.
| Nate Breznau, Eike Mark Rinke, Alexander Wuttke, Tomasz Żółtak, Jule Adriaans, Philipp Lersch, Lea-Maria Löbel, Katja Schmidt, Jürgen Schupp, Jannes Jacobsen ...
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Refereed essays Web of Science
Adequate immunity to COVID-19 apparently cannot be attained in Germany by voluntary vaccination alone, and therefore the introduction of mandatory COVID-19 vaccination is still under consideration. We present findings on the potential acceptance of such a requirement by the German population, and we report on the reasons given for accepting or rejecting it and how these reasons vary according to population ...
In:
Deutsches Ärzteblatt International
119 (2022), 19, S. 335–341
| Thomas Rieger, Christoph Schmidt-Petri, Carsten Schröder
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Refereed essays Web of Science
About 80 million people were displaced worldwide at the end of 2020. To support this highly vulnerable group, in recent years, local bottom-up initiatives proliferated to support refugee integration in hosting communities. This study examines a network intervention for refugees in collaboration with a social start-up whose mission is to match refugees and local volunteers to form friendships. We apply ...
In:
Journal of Ethnic and Migration Studies
48 (2022), 17, S. 4085-4105
| Philipp Jaschke, Lea-Maria Löbel, Magdalena Krieger, Nicolas Legewie, Martin Kroh, Jannes Jacobsen, Diana Schacht