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Refereed essays Web of Science
We examine the reemployment earnings of workers reemployed by a former employer (known as recall) across different occupations. We first ask whether recalls represent a flexibilization strategy that mitigates adverse unemployment effects on workers’ earnings. And second, whether there are any differences in post-unemployment earnings of recalled workers across different occupations. The article contributes ...
In:
Research in Social Stratification and Mobility
60 (2019), S. 39-51
| Susanne Edler, Peter Jacobebbinghaus, Stefan Liebig
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Refereed essays Web of Science
During the last two decades, it has been well established that a short-term exposure to ozone (O3) elicits an oxidative stress response in human and mouse skin, which leads to aberrant transcriptional expression of genes consistent with increased skin aging. Whether a long-term exposure to ambient O3 is associated with any skin aging traits, has remained unclear. We addressed this question in two elderly ...
In:
Environment International
124 (2019), S. 139-144
| Kateryna B. Fuks, Anke Hüls, Dorothea Sugiri, Hicran Altug, Andrea Vierkötter, Michael J. Abramson, Jan Goebel, Gert G. Wagner, Ilja Demuth, Jean Krutmann, Tamara Schikowskia
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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
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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
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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
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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
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Refereed essays Web of Science
We analyze competition between Internet Service Providers (ISPs) where consumers demand heterogeneous content within two Quality-of-Service (QoS) regimes, Net Neutrality and Paid Prioritization, and show that paid prioritization increases the static efficiency compared to a neutral network. We also consider paid prioritization intermediated by Content Delivery Networks (CDNs). While the use of CDNs ...
In:
Information Economics and Policy
46 (2019), S. 55-67
| Pio Baake, Slobodan Sudaric
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Refereed essays Web of Science
We are very grateful to two anonymous referees for helpful comments and suggestions on an earlier version of this article. We are also grateful to seminar participants at the Bank of Italy, Free University of Berlin, University of Naples, Humboldt University of Berlin, IAAE 2016 (Milan), 7th Ifo Conference 2016 (Munich) and EEA 2016 (Geneva), as well as to Rudi Bachmann, Christoph Große Steffen, Michael ...
In:
The Economic Journal ; 128, 616
128 (2018), 616, S. 3266-3284
| Michele Piffer, Maximilian Podstawski
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Refereed essays Web of Science
This article analyses the effects of the Federal Reserve's quantitative easing (QE) on global portfolio flows, differentiating across recipient region of the flows, type of flow and QE rounds. Furthermore, the analysis differentiates between the impact of QE expansionary announcements and the actual market operations. The analysis shows that QE1 resulted in (slight) rebalancing towards the US, while ...
In:
The Economic Journal
12, S. 330-377
| Marcel Fratzscher, Marco Lo Duca, Roland Straub
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Refereed essays Web of Science
Hedonic prices of locational attributes in urban land markets are determined by a process of spatial arbitrage that is similar to that which underpins the law of one price. If hedonic prices deviate from their spatial equilibrium values then individuals can benefit from changing locations. I examine whether the law holds for the hedonic price of rail access using a unique historical dataset for Berlin ...
In:
Urban Studies
55 (2018), 15, S. 3299-3317
| Sevrin Waights