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Refereed essays Web of Science
This study analyzes the causal effect of an increase in the retirement age on official health diagnoses. We exploit a sizable cohort-specific pension reform for women using a Difference-in-Differences approach. The analysis is based on official records covering all individuals insured by the public health system in Germany and including all certified diagnoses by practitioners. This enables us to gain ...
In:
The Journal of the Economics of Ageing
23 (2022), 100403
| Mara Barschkett, Johannes Geyer, Peter Haan, Anna Hammerschmid
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Refereed essays Web of Science
The transition to low-carbon economies requires massive investments into renewable energies, which are commonly supported through regulatory frameworks. Yet, governments can have incentives – and the ability – to deviate from previously announced support policies once those investments have been made, which can deter investments. We analyze a renewable energy dynamic regulation game and derive under ...
In:
Energy Economics
112 (2022), 106102, 16 S.
| Nils May, Olga Chiappinelli
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Refereed essays Web of Science
The current governance process to plan the German energy system omits two options to substitute grid expansion: First, placing renewables closer to demand instead of where site conditions are best. Second, utilizing storage instead of additional transmission infrastructure to prevent grid congestion. In the paper, we apply a comprehensive capacity expansion model based on the AnyMOD modeling framework ...
In:
Energy Economics
113 (2022), 106190, 10 S.
| Leonard Göke, Mario Kendziorski, Claudia Kemfert, Christian von Hirschhausen
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Refereed essays Web of Science
Based on data from the German Socio-Economic Panel, we document a significant rise in monthly earnings in- equality between 1993 and 2018. The main contributors are inter-temporal increases in working hours inequality and increases in the covariance between working hours and hourly wages, while changes in the distribution of hourly wages play a minor role. Applying a novel double decomposition technique ...
In:
Labour Economics
76 (2022), 102184, 22 S.
| Mattis Beckmannshagen, Carsten Schröder
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Refereed essays Web of Science
This paper studies how the communication of political leaders affects the expectation formation of the public. Specifically, we examine the expectation management of the German government regarding COVID-19-related regulatory measures during the early phase of the pandemic. We elicit beliefs about the duration of these restrictions via a high-frequency survey of individuals, accompanied by an addi-tional ...
In:
Journal of Public Economics
209 (2022), 104659, 26 S.
| Peter Haan, Andreas Peichl, Annekatrin Schrenker, Georg Weizsäcker, Joachim Winter
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Refereed essays Web of Science
Sovereign borrowers may tighten their fiscal stance in order to signal their creditworthiness to lenders. In a model of sovereign debt with incomplete information, I show that a trustworthy country may reduce its debt beyond the optimal level in order to separate itself from less reliable countries. Since austerity is costly, the gains in the price of debt from separating need to be high enough, as ...
In:
European Economic Review
144 (2022), 104090, 27 S.
| Anna Gibert
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Refereed essays Web of Science
We provide a description of ownership patterns in the top 25 European banks for the period 2003–2015, where we especially focus on the global financial crisis. Investment managers, such as Blackrock, are dominant in terms of number of blockholdings in different banks, maintaining fairly stable “common ownership” networks throughout our sample. However, the financial crisis led to capital injections ...
In:
Journal of Competition Law & Economics
18 (2022), 1, S. 135–167
| Albert Banal-Estañol, Nuria Boot, Jo Seldeslachts
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Refereed essays Web of Science
We conduct a randomized field experiment to study the effects of two financial education interventions offered to small-scale retailers in rural western Uganda. The treatments contrast “active learning” with traditional “lecturing” within standardized lesson-plans. After six months, active learning has a positive effect on savings and investment outcomes, in contrast to small or zero effects for lecturing. ...
In:
Journal of Development Economics
157 (2022), 102870, 9 S.
| Tim Kaiser, Lukas Menkhoff
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Refereed essays Web of Science
Early retirement options are usually targeted at employees at risk of not reaching their regular retirement age inemployment. An important at-risk group comprises older employees who have worked in demanding jobs formany years. This group may be particularly negatively affected by the abolition of early retirement options. Tomeasure differences in labor market reactions of employees in low- and high-demand ...
In:
The Journal of the Economics of Ageing
22 (2022), 100387, 23 S.
| Thomas Zwick, Mona Bruns, Johannes Geyer, Svenja Lorenz
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Refereed essays Web of Science
Humans possess a need for social contact. Satisfaction of this need benefits well-being, whereas deprivation is detrimental. However, how much contact people desire is not universal, and evidence is mixed on individual differences in the association between contact and well-being. This preregistered longitudinal study (N = 190) examined changes in social contact and well-being (life satisfaction, depressivity/anxiety) ...
In:
Journal of Research in Personality
98 (2022), 104223
| Michael D. Krämer, Yannick Roos, David Richter, Cornelia Wrzus