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Refereed essays Web of Science
Previous research came to contradictory conclusion about the prosocial nature of intuitive decisions, as compared to deliberate decisions. This paper proposes the prosociality of the status quo allocation as a determinant of the prosociality of intuitive decisions. I present results from two experiments (N = 1,649) that manipulate time pressure and elicit response times in a binary dictator game. One ...
In:
Journal of Behavioral and Experimental Economics
74 (2018), S. 127-138
| Manja Gärtner
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Refereed essays Web of Science
We analyze the welfare effects of the Transatlantic Trade and Investment Partnership (TTIP) between the United States (US) and the European Union (EU). Earlier TTIP studies analyze welfare effects in a framework where output and welfare coincide. We believe that the utility function of households, which depends on consumption and employment, is the best criterion for assessing TTIP. We measure the ...
In:
Economic Modelling
70 (2018), S. 230-238
| Philipp Engler, Juha Tervala
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Refereed essays Web of Science
Political representatives frequently make decisions with far-reaching implications for citizens and societies. Most of these decisions are choices in situations in which the probabilities of gains and losses are hard to estimate. Although decision-making is crucial to politics, existing research has hardly ever addressed the political representation of traits that notably influence decision-making. ...
In:
Palgrave Communications
4 (2018), 60, 7 S.
| Moritz Heß, Christian von Scheve, Jürgen Schupp, Aiko Wagner, Gert G. Wagner
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Refereed essays Web of Science
Maternal well-being is assumed to be associated with well-being of individual family members, optimal parenting practices, and positive developmental outcomes for children. The objective of this study was to examine the interplay between maternal well-being, parent-child activities, and the well-being of 5- to 7-year-old children. In a sample of N = 291 mother-child dyads, maternal life satisfaction, ...
In:
Frontiers in Psychology
9 (2018), Art. 739, 12 S.
| Nina Richter, Rebecca Bondü, C. Katharina Spiess, Gert G. Wagner, Gisela Trommsdorff
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Refereed essays Web of Science
We analyze fiscal devaluation in a three-country model. The introduction of the third country, outside a monetary union, increases the expansionary effect of fiscal devaluation and the second country of the monetary union experiences a boom instead of a recession.
In:
Economics Letters
163 (2018), S. 13-16
| Philipp Engler, Sandra Pasch, Juha Tervala
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Refereed essays Web of Science
In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ administrative pension data and a detailed model of the German tax and social security system to estimate a structural dynamic retirement model. We find that ...
In:
Labour Economics
51 (2018), S. 25-37
| Timm Bönke, Daniel Kemptner, Holger Lüthen
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Refereed essays Web of Science
This study analyses how liquidity risk affects bonds’ yield spreads after controlling for credit risk, bond-specific characteristics and macroeconomic variables. Using two liquidity estimates, LOT liquidity and the bid-ask spread, we find that, in particular, the LOT liquidity measure has explanatory power for the yield spread of green bonds. Overall, however, the impact of LOT decreases over time, ...
In:
Finance Research Letters
27 (2018), S. 53-59
| Febi Wulandari, Dorothea Schäfer, Andreas Stephan, Chen Sun
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Refereed essays Web of Science
Kazakhstan envisions a transition towards a green economy in the next decades, which poses an immense challenge as the country's economy and energy system depends heavily on hydrocarbon resources. Here, it lacks inclusive and transparent tools assessing technical, economic, and environmental implications resulting from changes in its electricity system. We present such a tool: our comprehensive techno-economic ...
In:
Energy
149 (2018), S. 762-778
| Makpal Assembayeva, Jonas Egerer, Roman Mendelevitch, Nurkhat Zhakiyev
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Refereed essays Web of Science
The increasing role of intermittent renewable generation demands for an efficient spatial exchange of electricity. However, the technical characteristics of electricity transmission reduce the available cross-border capacity due to unscheduled flows in a zonal pricing framework. Using the detailed unit commitment and dispatch model stELMOD for the European system, we analyze the development of unscheduled ...
In:
Energy Policy
116 (2018), S. 198-209
| Friedrich Kunz
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Refereed essays Web of Science
This paper analyses financial literacy and financial behavior of middle class people living an urban Asian economy. Other than most papers on financial literacy that focus on people in developed countries, we surveyed people living Bangkok. Using standard financial literacy questions, we find that financial literacy levels are largely comparable to industrialized countries, but understanding of more ...
In:
Pacific-Basin Finance Journal
48 (2018), S. 129-143
| Antonia Grohmann