Seminars

The course provides participants with the tools to develop and analyze business cycle models with heterogenous agents. This class of models has become the new standard in the business cycle literature and allows to analyze the interaction of the business cycle and the distribution of consumption, income, and wealth. The focus of the course is on numerical methods. Coding exercises in class are an ...

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We are soliciting the first ARGE MASTERCLASS for doctoral Students and Postdoctorates of members of the ARGE (Arbeitsgemeinschaft deutscher wirtschaftswissenschaftlicher Forschungsinstitute). The Masterclass consists of a combination of lecture and four presentations. The Masterclass is given by Christiane Baumeister (University of Notre Dame; NBER; CEPR). Structural vector autoregressions are the ...

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How are different components of subjective well-being (SWB) concurrently and prospectively related to each other? Several studies already addressed this research question. However, they suffer from a combination of important limitations such as exclusive attention on cognitive or affective indicators of SWB, over-reliance on cross-sectional data, or no explicit consideration of age effects or ...

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joint with Alexander Schmidt-Catran, Goethe-Universität Frankfurt This study analyses the impact of a high-profile crime event on perceived public safety. At the 2015 New Year's Eve celebrations in Cologne (NYE), Germany, refugees allegedly committed thousands of crimes, ranging from theft to sexual assault. The widespread media coverage of these incidents has made a shift in the publics’ ...

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The seminar organized by the "Firms and Markets" department: * provides an opportunity to present on-going research, * focuses on advances in applied microeconomics, industrial organization, and economic policy issues, * serves as a forum for discussing both academic and project-related research, * intends to provide a platform for the exchange of ideas. Coordination: Christina Stadler

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This course aims at giving tools to students for entering the frontier of research regarding two new lines of research: (a) models of wealth-inequality determinants and dynamics, and (b) models of financial stability. The focus will be on presenting general-purpose analytical and computational techniques that enable students to replicate and extend frontier-research papers in these areas. The ...

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The seminar organized by the "Firms and Markets" department: * provides an opportunity to present on-going research, * focuses on advances in applied microeconomics, industrial organization, and economic policy issues, * serves as a forum for discussing both academic and project-related research, * intends to provide a platform for the exchange of ideas. Coordination: Christina Stadler

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This study examines how inheritance and gift tax systems in combination with gendered parental transfer behavior strengthen gender wealth inequalities. Gender differences in transfers can be reproduced if men benefit differently than women from tax exemptions. This might happen when men and women receive different types of assets where only some are tax exempted. To investigate gendered parental ...

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We study the incentive and labor market effects of disability benefit programs using unique policy variation in Germany. In 2014, disability benefits of new recipients were increased considerably while eligibility criteria were not changed. We exploit this quasi-experimental policy variation to test the implications at two different margins. First, we analyze to what extent an increase in the ...

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As an essential element of forward-looking reporting, company transition plans can play an important role in achieving net zero goals. Existing net zero pledges and plans by companies stongly differ in composition and depth and often lack forward-looking pathways to achieve the goal, which makes it hard for stakeholders from the financial sector to systematically assess and consider them in their ...

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Pension funds carry implications on citizens wellbeing in their retirement years and countries’ growths, rendering changes to them following natural disasters of great importance. Using administrative data that comprises a 10 percent random sample of the Australian population and a natural experimental design, we investigate the effects of natural disasters on retirement savings in the aftermath ...

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This paper empirically analyses the impact of government ownership on competition in monopoly and duopoly markets. We use the European Airline Industry as a laboratory. In our empirical strategy we exploit two sources of exogenous variations that allow us to cleanly filter out the effect of government ownership on the likelihood of exit. First, we study government ownership that was triggered by a ...

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Die EU-Richtlinie über die Gesamtenergieeffizienz von Gebäuden (EPBD) etabliert eine neue gesellschaftliche Norm und ein großes politisches Ziel: Bis 2033 sollten alle Wohngebäude einen Mindeststandard an Energieeffizienz erreichen. So sollen Energiekosten und Schocks für Haushalte begrenzt werden und der Energiebedarf reduziert werden, um eine klimaneutrale Energieversorgung für alle zu ...

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The DIW Graduate Center is pleased to offer a Masterclass on causal machine learning, taught by Michael Knaus. It is designed for all doctoral students and researchers at the DIW who would like to improve their understanding of machine learning and data science more broadly. The Masterclass lasts one day. Please register with the Graduate Center on a first-come, first-served basis: gradcenter@diw.de

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This paper investigates the unique ways in which individuals assimilate new information into their beliefs about stock returns and examines the consequences of heterogeneous information processing on savings and investment decisions. Utilizing two exogenous information treatments from 2017 and 2018 surveys of German households, I discover that individuals' short-term return expectations shift by ...

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-- joint with Marius Liebald and Guido Friebel Can right-wing terrorism increase support for far-right populist parties, and if so, why? Exploiting quasi-random variation between successful and failed attacks across German municipalities, we find that successful attacks lead to significant increases in the vote share for the right-wing, populist Alternative für Deutschland (AfD) party. Our ...

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-- joint with Marius Liebald and Guido Friebel Can right-wing terrorism increase support for far-right populist parties and if so, why? Exploiting quasi-random variation between successful and failed attacks across German municipalities, we find that successful attacks lead to significant increases in the vote share for the right-wing, populist Alternative für Deutschland (AfD) party in state ...

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This paper relates incomplete price competition among real estate agents to inattentive home sellers. I exploit a recent legal reform in Germany which specifically aimed to increase price competition among real estate agents by raising the cost salience of sellers. I find that the reform backfired and real estate agents exploited the transition to increase their total commission rate by 0.3 ...

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-- joint with Panu Poutvaara and Max Steinhardt This study analyzes the determinants of bitterness, which describes a feeling of not having achieved what one deserves compared to others. First, we perform pooled OLS and fixed effects regressions, showing that bitterness is associated with various economic and non-economic factors, whereby the effect of unemployment stands out. Therefore, in the ...

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The European Emissions Trading System (EU-ETS) is the key policy tool of the EU to reduce GHG emissions. To prevent carbon leakage, most of the emission permits have been allocated for free in the industrial sector. A carbon border adjustment mechanism (CBAM) will be introduced end of 2023 as an alternative carbon leakage protection instrument. However, the CBAM will only gradually replace free ...

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