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Refereed essays Web of Science
The rational expectations assumption, e.g. in life-cycle models and portfolio-choice models, prescribes that all actions are in line with a well-structured and unbiased system of expectations. In reality, justification and identification of expectations are nontrivial, and we lack empirical evidence especially for the long run. This paper starts to fill this gap and elicits short-run and long-run expectations ...
In:
Journal of Behavioral and Experimental Finance
31 (2021), 100535, 18 S.
| Christoph Breunig, Iuliia Grabova, Peter Haan, Felix Weinhardt, Georg Weizsäcker
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Refereed essays Web of Science
Across the world, tax exemptions for jobs with low earnings intend to incite non-participating workers to rejoin the labor market. However, such tax exemptions may also have negative equilibrium effects. The German minijob tax exemption offers a convenient case to identify equilibrium effects as it applies to some but not to other low-wage jobs. We build and estimate a structural job search model with ...
In:
Labour Economics
69 (2021), 101976, 15 S.
| Luke Haywood, Michael Neumann
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Refereed essays Web of Science
This paper analyzes the magnitude of local knowledge spillovers of public R&D in Germany and its determinants using patent application data. We identify three distinct transmission channels. First, firms file more patent applications when collaborating with (local) public institutions. Second, firms file more patent applications when citing a public patent. Third, local public R&D seems to increase ...
In:
Research Policy
49 (2020), 7, 104009, 21 S.
| Leonie Koch, Martin Simmler
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Refereed essays Web of Science
We study the effectiveness of intrahousehold insurance among married couples when the husband loses his job due to a mass layoff or plant closure. Empirical results based on Austrian administrative data show that husbands suffer persistent employment and earnings losses, while wives' labor supply increases moderately due to extensive margin responses. Wives' earnings gains recover only a tiny fraction ...
In:
American Economic Journal: Applied Economics
12 (2020), 4, S. 253-287
| Martin Halla, Julia Schmieder, Andrea Weber
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Refereed essays Web of Science
The comparison of long-term care (LTC) expenditures is a difficult task. National LTC systems differ widely in terms of eligibility criteria, level of benefits, institutional variety and regional heterogeneity. In this commentary I will first give some general remarks on cross country comparisons. Then I discuss the role of the informal sector which is the most important pillar of all LTC systems. ...
In:
International Journal of Health Policy and Management
9 (2020), 2, S. 80-82
| Johannes Geyer
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Refereed essays Web of Science
We evaluate the labor market and distributional effects of an increase in the early retirement age (ERA) from 60 to 63 for women born after 1951. We use a regression discontinuity design which exploits the strong increase in the ERA between women born in 1951 and 1952. The analysis is based on the German microcensus which includes about 370,000 households per year. We focus on heterogeneous labor market ...
In:
Labour Economics
65 (2020), 101817, 21 S.
| Johannes Geyer, Peter Haan, Anna Hammerschmid, Michael Peters
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Refereed essays Web of Science
We examine the effect of local business taxation and local public good and service (PIGS) provision on the number and spatial distribution of new firms. Testing ground is Germany and we rely on the universe of firm foundations between 1998 and 2006. Methodologically, we estimate fixed effects poisson models coupled with a control function approach. The results suggest that a 1%-decrease in the business ...
In:
Regional Science & Urban Economics
83 (2020), 103525, 21 S.
| Nadine Riedel, Martin Simmler, Christian Wittrock
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Refereed essays Web of Science
This paper analyzes the impact of women's retirement on their informal care provision. Using SOEP data, we address fundamental endogeneity problems by exploiting variation in the German pension system in two complementary ways. We find a significant effect of retirement on informal care provision, when using early retirement age thresholds as instruments. Heterogeneity analyses confirm the underlying ...
In:
Journal of Health Economics
73 (2020), 102350
| Björn Fischer, Kai-Uwe Müller
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Refereed essays Web of Science
While in January 2012, Denmark increased the long-standing tax on sugary soft drinks, the tax was cut byhalf in July 2013 and then completely repealed in January 2014. In this study, we examine whetherincreases and cuts of the soft drink tax lead to similar over- or under-shifting to prices and to similardemand responses. We use longitudinal scanner data of 1,282 Danish households to estimate within-product ...
In:
Economics and Human Biology
37 (2020), 100864, 10 S.
| Renke Schmacker, Sinne Smed
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Refereed essays Web of Science
Expanding public or publicly subsidized childcare has been a top social policy priority in many industrialized countries. It is supposed to increase fertility, promote children’s development and enhance mothers’ labor market attachment. In this paper, we analyze the causal effect of one of the largest expansions of subsidized childcare for children up to three years among industrialized countries on ...
In:
Labour Economics
62 (2020), 1017763, 18 S.
| Kai-Uwe Müller, Katharina Wrohlich