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DIW Weekly Report 27/28 / 2021

Real Estate Taxation Reform: Tax Land Values, Abolish Privileges

Real estate is taxed at comparatively low rates in Germany, with primarily the affluent benefiting from numerous existing tax privileges. This Weekly Report describes the current state of real estate taxation in Germany and outlines reform proposals that could increase tax revenue, improve the efficiency of the tax system, and reduce wealth and income inequality. In the case of property tax, value-based ...

2021| Stefan Bach, Sebastian Eichfelder
SOEPpapers 1141 / 2021

Pension Wealth and the Gender Wealth Gap

We examine the gender wealth gap with a focus on pension wealth and statutory pension rights. By taking into account employment characteristics of women and men, we are able and identify the extent to which the redistributive effect of pension rights reduces the gap. The empirical basis of this examination is the Socio-Economic Panel (SOEP), which is one of the few datasets where information on wealth ...

2021| Karla Cordova, Markus M. Grabka, Eva Sierminska
SOEPpapers 1117 / 2021

Risk Preference and Entrepreneurial Investment at the Top of the Wealth Distribution

We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel Study. The data include private wealth balance sheets, in particular the value of own private business assets, and a standard measure of risk tolerance. We find that ...

2021| Frank M. Fossen, Johannes König, Carsten Schröder
Externe referierte Aufsätze

Distributional Impacts of Carbon Pricing: A Meta-Analysis

Understanding the distributional impacts of market-based climate policies is crucial to design economically efficient climate change mitigation policies that are socially acceptable and avoid adverse impacts on the poor. Empirical studies that examine the distributional impacts of carbon pricing and fossil fuel subsidy reforms in different countries arrive at ambiguous results. To systematically determine ...

In: Environmental & Resource Economics 78 (2021), 1, S. 1-42 | Nils Ohlendorff, Michael Jakob, Jan Christoph Minx, Carsten Schröder, Jan Christoph Steckel
SOEPpapers 1119 / 2021

An Economic Analysis of the Empty Nest Syndrome: What the Leaving Child Does Matters

This study is an empirical investigation of the empty nest syndrome, commonly understood as a situation where there are feelings of loss or loneliness for mothers and/or fathers following the departure of the last child from the family home. This investigation makes use of rich, longitudinal, nationally representative German data to assess whether there is evidence for such a syndrome. Furthermore, ...

2021| Alan Piper
Externe referierte Aufsätze

Carbon Pricing of Basic Materials: Incentives and Risks for the Value Chain and Consumers

Different options for a reform of the EU Emissions Trading System are discussed to ensure carbon price incentives for mitigation options in the basic materials sector, while minimizing carbon leakage risks. This paper quantifies carbon leakage risks, distributional implications, and additional revenues associated with an import-only border carbon adjustment (BCA), a symmetric (import and export) BCA, ...

In: Ecological Economics 189 (2021), 107168, 15 S. | Jan Stede, Stefan Pauliuk, Gilang Hardadi, Karsten Neuhoff
Externe referierte Aufsätze

What’s in a Word? Just vs. Fair vs. Appropriate Earnings for Self and Others

Despite Rawls’ famous call to distinguish between justice and fairness, these and other justice-related words often seem to be used interchangeably by both ordinary people and justice researchers. Based on a survey-embedded question wording experiment (N = 4534) fielded in Germany as part of the GESIS Panel, we explore the effects of three justice words— “just,” “fair,” and “appropriate”—on the sense ...

In: Social Justice Research (2021), im Ersch. [online first: 2021-10-08] | Jule Adriaans, Stefan Liebig, Clara Sabbagh, Guillermina Jasso
SOEPpapers 1145 / 2021

Worrying about Work? Disentangling the Relationship between Economic Insecurity and Mental Health

Literature encompassing economic insecurity and its relationship with mental health has increased significantly in recent years. While the association of job insecurity and mental health has been researched extensively, less is known about the general relationship between economic insecurity and mental health. This paper analyses the simultaneous influence of six different economic insecurity indicators ...

2021| Paul Fiedler
Diskussionspapiere 1967 / 2021

Zooming in on Monetary Policy - The Labor Share and Production Dynamics of Two Million Firms

Conditional on a contractionary monetary policy shock, the labor share of value added is expected to decrease in the basic New Keynesian model. By providing firm-level evidence, we are first to validate this proposition. Using local projections and high dimensional fixed effects, we show that a one standard deviation contractionary monetary policy shock decreases firms' labor share by 0.4 percent, ...

2021| Jan Philipp Fritsche, Lea Steininger
SOEPpapers 1127 / 2021

Do You Really Want to Share Everything? The Wellbeing of Work-Linked Couples

Work as well as family life are crucial sources of human wellbeing, which however often interfere. This is especially so if partners work in the same occupation or industry. At the same time, being work-linked may benefit their career success. Still, surprisingly little is known about the wellbeing of work-linked couples. Our study fills this gap by examining the satisfaction differences between work-linked ...

2021| Juliane Hennecke, Clemens Hetschko
925 results, from 21
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