DIW Berlin forecasting experts are lowering their forecast for 2021 from 3.2 to 2.1 percent - Supply bottlenecks and material shortages are weighing on German industry - Private consumption remains restrained - With growth of just under five percent, the German economy will pick up speed in 2022 once bottlenecks have been overcome and infection rates have fallen on a sustained basis - Inflation no ...
In this paper, we estimate a structural dynamic discrete choice model of informal as well as formal care provision, retirement and labor supply. The model allows to assess the dynamic consequences of providing informal care or organizing formal care for parents, e.g., due to reduced wages, pension benefits, or benefits from long-term care insurance. Further, it allows to analyze counterfactual...
The self-employed are among those facing the highest probability of strong income losses during the COVID-19 pandemic. Governments in many countries introduced support programs to support the self-employed, including the German federal government, which approved a €50bn emergency aid program at the end of March 2020 offering one-off lump-sum payments of up to €15,000 to those facing...
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...