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Refereed essays Web of Science
This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt taking. We show suggestive evidence for a link between overconfidence and borrowing behavior in a representative survey of German households (German Socio-Economic Panel–Innovation Sample [GSOEP-IS]). This motivates a laboratory experiment to study causality behind these effects. In two experiments, ...
In:
Journal of Money, Credit and Banking
57 (2025) 5, S. 1071-1102
| Antonia Grohmann, Lukas Menkhoff, Christoph Merkle, Renke Schmacker
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Refereed essays Web of Science
Receiving a formal diagnosis for a depressive disorder is a prerequisite for getting treatment, yet the illness inherently complicates care-seeking. Thus, understanding the process from depression symptoms to diagnosis is crucial. Aims: This study aims to disentangle (1) risk factors for depression symptoms from (2) facilitators and barriers to receiving a diagnosis after experiencing depression symptoms. ...
In:
The International Journal of Social Psychiatry
71 (2025), 4, S. 723-737
| Barbara Stacherl, Theresa Entringer
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Refereed essays Web of Science
While almost all charities rely on a set of donor appreciation strategies, their effectiveness for the success of fundraising campaigns is underresearched. Through two preregistered field studies conducted in collaboration with a leading German opera house (N = 10,000), we explore the significance of expressing gratitude and examine two different approaches to doing so. Our first study investigates ...
In:
Experimental Economics
28 (2025), 4, S. 900–909
| Maja Adena, Steffen Huck, Levent Neyse
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Refereed essays Web of Science
While Equity Crowdfunding (ECF) platforms are a virtual space for raising funds, geography remains relevant. To determine how location matters for entrepreneurs using equity crowdfunding (ECF), we analyze the spatial distribution of successful ECF campaigns and the spatial relationship between ECF campaigns and traditional investors, such as banks and venture capitalists (VCs). Using data from the ...
In:
Small Business Economics
65 (2025), 4, S. 2639–2661
| Torben Klarl, Alexander S. Kritikos, Knarik Poghosyan
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Refereed essays Web of Science
Noting that the shocks in vector autoregressive models can be correlated if a number of shocks is identified individually by multiple proxy variables, we propose a Generalized Method of Moments (GMM) approach for estimation that enforces uncorrelated shocks. We point out that if each proxy identifies exactly one shock and is uncorrelated with all other shocks, uncorrelatedness of the shocks provides ...
In:
Journal of Business & Economic Statistics
43 (2025), 4, S. 1119-1131
| Martin Bruns, Helmut Lütkepohl, James McNeil
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Refereed essays Web of Science
Common ownership - where several firms are (partially) owned by the same investors - and its impact on product market competition has recently drawn much attention. This paper focuses on its implications for market entry. We consider the entry decisions of generic pharmaceutical firms into drug markets that are opened up by the end of regulatory protection and which were previously dominated by a single ...
In:
American Economic Journal: Microeconomics
17 (2025), 4, S. 260–327
| Melissa Newham, Jo Seldeslachts, Albert Banal-Estanol
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Refereed essays Web of Science
Renewable energy installations are rapidly gaining market share due to falling technology costs and supportive policies. Meanwhile, the energy price crisis in 2022 shifted the energy policy debate toward the question of how consumers can better benefit from the low and stable generation costs of renewable electricity. Long-term contracts for renewable energy to link producers and consumers are an option ...
In:
The Energy Journal
46 (2025), 4, S. 203-225
| Karsten Neuhoff, Fernanda Ballesteros, Mats Kröger, Jörn C. Richstein
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Refereed essays Web of Science
Background Perceived social cohesion (PSC) is a protective factor for mental health. Yet, evidence on social mechanisms influencing mental health is scarce. Aims We examined the moderating role of PSC between parental stressors and depressive symptoms before and during the COVID-19 pandemic. Methods We performed a multilevel moderated linear regression analysis using German Socio-Economic Panel ...
In:
Journal of Mental Health
34 (2025), 4, S. 400-408
| Anita Alaze, Ellen Heidinger, Oliver Razum, Odile Sauzet
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Refereed essays Web of Science
Evidence on how proximity to ethnic outgroups shapes attitudes toward immigration remains inconclusive. We suggest this may be driven, in part, by the fact that studies rarely account for the role of residential segregation. We argue that how the minority-share in an environment affects majority-group attitudes will depend on how segregated groups are from one another. To explore this, we undertake ...
In:
European Sociological Review
41 (2025), 4, S. 553–574
| James Laurence, Jan Goebel
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Refereed essays Web of Science
We study the dynamics of capital accumulation, income inequality, capital concentration, and voting up to 1914. Based on new panel data for Prussian regions, we re-evaluate the famous Revisionism Debate between orthodox Marxists and their critics. We show that changes in capital accumulation led to a rise in the capital share and income inequality, as predicted by orthodox Marxists. But against their ...
In:
The Review of Economics and Statistics
107 (2025), 4, S. 935–950
| Charlotte Bartels, Felix Kersting, Nikolaus Wolf