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The Relation between Monetary Policy and the Stock Market in Europe

We use a cointegrated structural vector autoregressive model to investigate the relation between monetary policy in the euro area and the stock market. Since there may be an instantaneous causal relation, we consider long-run identifying restrictions for the structural shocks and also used (conditional) heteroscedasticity in the residuals for identification purposes. Heteroscedasticity is modelled ...

Das Sozio-Oekonomische Panel als Datenbasis für die Arbeits- und Organisationspsychologie: Potentiale, Limitationen und Analysemethoden längsschnittlicher Surveydaten

Der Beitrag zeigt die Analysepotentiale der repräsentativen Mikrodaten des Sozio-oekonomischen Panels (SOEP) für die Arbeits- und Organisationspsychologie (A/O-Psychologie) auf. Dabei werden allgemeine Charakteristika von Stichprobe und Erhebung des SOEP vorgestellt, sowie Konstrukte mit besonderer Relevanz für die Psychologie eingeführt. Zudem diskutieren wir Analysemethoden für Paneldaten, mit denen ...

Long Working Hours and Depressive Symptoms: Systematic Review and Meta-Analysis of Published Studies and Unpublished Individual Participant Data

Objectives This systematic review and meta-analysis combined published study-level data and unpublished individual-participant data with the aim of quantifying the relation between long working hours and the onset of depressive symptoms. Methods We searched PubMed and Embase for published prospective cohort studies and included available cohorts with unpublished individual-participant data. We used ...

‘Universal’ Early Education: Who Benefits? Patterns in Take‐up of the Entitlement to Free Early Education among Three‐Year‐Olds in England

For over a decade, all three‐year‐olds in England have been entitled to a free part‐time early education place. One aim of this policy is to close developmental gaps between higher‐income and low‐income children. However, the success of the initiative depends on children accessing the places. Using the National Pupil Database, we examine all autumn‐born four‐year‐olds attending in January 2011, and ...

How to Measure and Proxy Permanent Income: Evidence from Germany and the U.S.

Permanent income (PI) is an enduring concept in the social sciences and is highly relevant to the study of inequality. Nevertheless, there has been insufficient progress in measuring PI. We calculate a novel measure of PI with the German Socio-Economic Panel (SOEP) and U.S. Panel Study of Income Dynamics (PSID). Advancing beyond prior approaches, we define PI as the logged average of 20+ years of post-tax ...

On DSGE Models

The outcome of any important macroeconomic policy change is the net effect of forces operating on different parts of the economy. A central challenge facing policymakers is how to assess the relative strength of those forces. Economists have a range of tools that can be used to make such assessments. Dynamic stochastic general equilibrium (DSGE) models are the leading tool for making such assessments ...

Is It the Family or the Neighborhood? Evidence from Sibling and Neighbor Correlations in Youth Education and Health

In this paper, we present sibling and neighbor correlations in school grades and cognitive skills, as well as indicators of physical and mental health, for a sample of German adolescents. In a first step, we estimate sibling correlations and find a substantial influence of shared family and community background on all outcomes. To further disentangle the influence of family background and neighborhood, ...

Ohne Plan: Wirtschaftsentwicklung und Wirtschaftspolitik in Ungarn

Measuring Attitudes Toward Distributive Justice: The Basic Social Justice Orientations Scale

Previous research on social inequalities relied primarily on objective indicators. According to recent studies, however, subjective indicators that reflect a person’s perceptions and evaluations of inequalities are also relevant. Such evaluations depend on an individual’s normative orientation, so respective attitudes toward distributive justice need to be accounted for appropriately. This article ...

How Does Availability of County-Level Healthcare Services Shape Terminal Decline in Well-Being?

Both lifespan psychology and life course sociology highlight that contextual factors influence individual functioning and development. In the current study, we operationalize context as county-level care services in inpatient and outpatient facilities(e.g., number of care facilities, privacy in facilities) and investigate how the care context shapes well-being in the last years of life. To do so, we ...