After failing to fully recover from the last financial crisis, the pandemic poses major new challenges for banks. However, this time, banks are not the problem, but part of the solution. By providing credit to the economy, banks play a crucial role in fighting the pandemic by ensuring the transmission of fiscal and monetary stimulus to the economy. Nevertheless, banks are not among the winners of...
Today, half of the world’s migrants are female, amounting to 114 million individuals in 2017. The intersection between migration and gender has profound consequences for individuals: gender affects, amongst others migration motifs, selection into migration, as well as decisions on destination countries. Further, the experiences in the host country are gender-specific and especially so when...
The 2nd annual Workshop for Women in Macroeconomics, Finance and Economic History is being organized by the DIW Berlin. The aim is to bring together female academic researchers and practitioners to promote and exchange ideas in the field of Macroeconomics, Finance, and Economic History. We invite contributions, including, but not limited to macroeconomic and financial stability, interactions...
The main objective of this project is to analyse how inequalities in old age have developed over time and birth cohorts, to what extent public policies have influenced these trends, and to assess the potential of sociopolitical reforms to reduce such inequalities. This project analyses and compares data and sociopolitical reforms (retirement and longterm care) from North America (Canada), Western...
This article quantifies differences in personality skills (Big Five Factor, locus of control, reciprocity, life goals and risk) and their assimilation rate between first-generation immigrants and native Germans, using the SOEP survey. The results reveal that the two groups differentiate in their personality traits but immigrants do not tend to assimilate natives during...
The role of skill-biased technological change for increasing wage inequality is well documented. Interestingly, we find that even though in Germany from 1986 to 2012 wage inequality rose, the wage penalty of a disadvantaged family background declined. Our analysis shows that this development is consistently linked to technological progress. The introduction and the use of...
This paper examines how culture determines within-couple gender inequality. Exploiting the setting of Germany's division and reunification, I compare child penalties of couples socialised in a more gender-egalitarian culture to those in a gender-traditional culture. The long-run penalty on the female income share is 30.9% in West German couples, compared to 18.3% in East German...
We study the employment effects of a large increase in the early retirement age (ERA) of women. Raising the ERA has the potential to extend contribution periods and to reduce the number of pensioners at the same time. However, workers may not be able to work longer or may choose other social support programs as exit routes from employment. Results suggest that the reform increases employment, unemployment ...