-
Refereed essays Web of Science
This study examines the causal link between individuals' occupational knowledge and educational choices as well as labor market entry. We proxy occupational knowledge with mandatory visits to job information centers (JICs) in Germany while still attending school. Exogenous variation in the establishment of JICs makes it possible to estimate intention-to-treat effects in a difference-in-differences ...
In:
Economics of Education Review
69 (2019), S. 108-124
| Nils Saniter, Daniel D. Schnitzlein, Thomas Siedler
-
Refereed essays Web of Science
Most simulated micro-founded macro models use solely consumer-demand aggregates in order to estimate preference parameters of a representative consumer, for use in policy evaluation. Focusing on dynamic models with time-separable preferences, we show that aggregation holds if, and only if, momentary utility functions fall in the Identical-Shape Harmonic Absolute-Risk Aversion (ISHARA) utility class, ...
In:
European Economic Review
111 (2019), S. 166-190
| Christos Koulovatianos, Carsten Schröder, Ulrich Schmidt
-
Refereed essays Web of Science
The quality of electricity system modelling heavily depends on the input data used. Although a lot of data is publicly available, it is often dispersed, tedious to process and partly contains errors. We argue that a central provision of input data for modelling has the character of a public good: it reduces overall societal costs for quantitative energy research as redundant work is avoided, and it ...
In:
Applied Energy
236 (2019), S. 401-409
| Frauke Wiese, Ingmar Schlecht, Wolf-Dieter Bunke, Clemens Gerbaulet, Lion Hirth, Martin Jahn, Friedrich Kunz, Casimir Lorenz, Jonathan Mühlenpfordt, Juliane Reimann, Wolf-Peter Schill
-
Refereed essays Web of Science
Case and Deaton, 2015 document that, since 1998, midlife mortality rates are increasing for white non-Hispanics in the US. This trend is driven by deaths from drug overdoses, suicides, and alcohol-related diseases, termed as deaths of despair, and by the subgroup of low-educated individuals. In contrast, average mortality for middle-aged men and women continued to decrease in several other high-income ...
In:
The Journal of the Economics of Ageing
14 (2019), 100182, 9 S.
| Peter Haan, Anna Hammerschmid, Julia Schmieder
-
Refereed essays Web of Science
Minimum prices above the competitive level can lead to allocative inefficiencies. We investigate whether this effect is more pronounced when decision makers are influenced by their social environment. Using data of minimum prices for renewable energy production in Germany, we test if individual decisions to install photovoltaic systems are affected by the investment decisions of others in the area. ...
In:
Energy Economics
78 (2019), S. 350-364
| Justus Inhoffen, Christoph Siemroth, Philipp Zahn
-
Refereed essays Web of Science
Carbon leakage is of interest in both academic and policy debates about the effectiveness of unilateral climate policy, especially in Europe, where the EU Emissions Trading System (EU ETS) affects many traded sectors. We review how the literature identifies leakage and the pollution haven effect. We then evaluate whether EU ETS emission costs caused carbon leakage in European manufacturing, using trade ...
In:
Journal of Environmental Economics and Management
93 (2019), S. 125-147
| Helene Naegele, Aleksandar Zaklan
-
Refereed essays Web of Science
In recent years policy-makers are incentivizing later retirement entry by enabling flexible transitions into retirement through partial retirement. However, empirical evidence shows that the labor supply and related fiscal effects of more flexibility in the pension system, through partial retirement, are ambiguous and strongly depend on the design of partial retirement regimes. Two margins are in particular ...
In:
The Journal of the Economics of Ageing
14 (2019), 100187, 15 S.
| Peter Haan, Songül Tolan
-
Refereed essays Web of Science
This study documents empirically that contractionary US monetary policy may generate short-term expansionary spillover effects. In individual Euro Area (EA) member countries, economic activity increases, mainly via the trade channel. Also, domestic credit and stock markets expand, highlighting the importance of the financial channel. However, the international repercussions are transitory and distributed ...
In:
Journal of Banking & Finance
100 (2019), S. 77-96
| Max Hanisch
-
Refereed essays Web of Science
Based on a 12 years panel data set for franchised regional rail services, this paper studies the impact of including service quality into an analysis of efficiency differences between the German public transport authorities (PTAs) in using their available public funds. The analysis employs a two-stage efficiency analysis with a Data Envelopment Analysis (DEA) in the first stage and a Tobit panel model ...
In:
Transportation Research Part A: Policy and Practice
119 (2019), S. 284-300
| Heike Link
-
Refereed essays Web of Science
This paper shows that politicians’ pressure to climb the career ladder increases bank risk exposure in their region. Chinese local politicians are set growth targets in their region that are relative to each other. Growth is stimulated by debt-financed programs which are mainly financed via bank loans. The stronger the performance pressure the riskier the respective local bank exposure becomes. This ...
In:
Journal of Banking & Finance
99 (2019), S. 63-94
| Li Wang, Lukas Menkhoff, Michael Schröder, Xian Xu