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One Size Does Not Fit All: Alternative Values-Based ‘Recipes’ for Life Satisfaction

In most previous research on the determinants of Life Satisfaction (LS), there has been an implicit assumption that ‘one size fits all’. That is, it has usually been assumed that the covariates of LS are the same for everyone, or at least everyone in the Western world. In this paper, using data from the long-running German Socio-Economic Panel (1984-), we estimate statistical models to assess the effects ...

The German Socio-Economic Panel (SOEP)

Longitudinal Associations of Narcissism with Interpersonal, Intrapersonal, and Institutional Outcomes: An Investigation Using a Representative Sample of the German Population

AbstractMost studies have treated grandiose narcissism as a unidimensional construct and investigated its associations in cross-sectional convenience samples. The present research systematically addresses these limitations by investigating the associations of agentic and antagonistic aspects of narcissism in the interpersonal, intrapersonal, and institutional domains, cross-sectionally and longitudinally ...

Crimea and Punishment: The Impact of Sanctions on Russian Economy and Economies of the Euro Area

The conflict between Russia and Ukraine that started in March 2014 led Western countries and Russia to impose economic sanctions on each other, including the euro zone members. The paper investigates the impact of the sanctions on the real side of the economies of Russia and the euro area. The effects of sanctions are analyzed with a structural vector autoregression. To pin down the effect we are interested ...

The Local Economic Impact of Wind Power Deployment

This study focuses on the local economic impacts of wind power deployment.Wind power deployment is not necessarily driven by locally accruing economic payoffs only, but potentially also by other factors, such as emphasis on environmentally friendly energy production and its associated benefits. Thus, the local economic impacts of wind power deployment are ambiguous.We empirically test the existence ...

When Is Foreign Exchange Intervention Effective? Evidence from 33 Countries

This paper examines foreign exchange intervention based on novel daily data covering 33 countries from 1995 to 2011. We find that intervention is widely used and an effective policy tool, with a success rate in excess of 80 percent under some criteria. The policy works well in terms of smoothing the path of exchange rates, and in stabilizing the exchange rate in countries with narrow band regimes. ...

Pricing Carbon Consumption: Synthesizing an Emerging Trend

Nearly every carbon price regulates the production of carbon emissions, typically at midstream points of compliance such as power plants, consistent with typical advice from the literature. Since the early 2010s however, policymakers in Australia, California, China, Japan and Korea have implemented carbon prices that regulate the consumption of carbon emissions, where points of compliance are further ...

On the Exposure of the Bric Countries to Global Economic Shocks

The financial crisis led to a deep recession in many industrial countries. While large emerging countries recovered relatively quickly, their performance deteriorated in recent years, despite the modest recovery in advanced economies. The higher divergence of business cycles is closely linked to the Chinese economy. During the crisis, the Chinese fiscal stimulus prevented an abrupt decline in GDP growth ...

Prediction Based on Entrepreneurship-Prone Personality Profiles: Sometimes Worse than the Toss of a Coin

The human personality predicts a wide range of activities and occupational choices—from musical sophistication to entrepreneurial careers. However, which method should be applied if information on personality traits is used for prediction and advice? In psychological research, group profiles are widely employed. In this contribution, we examine the performance of profiles using the example of career ...

The Relationship between Trust, Cognitive Skills, and Democracy: Evidence from 30 Countries around the World

Based on highly comparable data from the OECD PIAAC Programme, this note analyzes the relationship between generalized trust and cognitive skills among 30 countries around the world. The results show that the strength and direction of the relationship is not a universal characteristic but varies substantially among countries worldwide. A detailed descriptive analysis of this variation provides evidence ...