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396 results, from 41
  • Diskussionspapiere 2010 / 2022

    The Costs of Natural Gas Dependency: Price Shocks, Inequality, and Public Policy

    Natural gas prices in Germany saw a strong increase at the end of 2021, subsequently worsening with the start of the war in Ukraine in February 2022, raising concerns about the distributional consequences. Our study shows that low-income households are affected the most by the natural gas price increase. Low-income households pay at the median 11.70 percent of their equivalent income on gas bills, ...

    2022| Mats Kröger, Maximilian Longmuir, Karsten Neuhoff, Franziska Schütze
  • DIW Weekly Report 12 / 2022

    Rent Control Reduces Economic Inequality at a Price

    Over the course of the 20th century, governments have frequently used rent control to keep rents affordable, especially in times of crisis when housing is scarce. Existing research shows that rent control has undesirable side effects, such as overall societal welfare losses, market misallocation, a declining housing supply, and lower mobility. However, there has been little research examining the effect ...

    2022| Konstantin A. Kholodilin, Sebastian Kohl
  • Diskussionspapiere 1994 / 2022

    House Price Expectations

    This study examines short-, medium-, and long-run price expectations in housing markets. We derive and test six hypothesis about the incidence, formation, and relevance of price expectations. To do so, we use data from a tailored household survey, past sale and rental offerings, satellites, and from an information RCT. As novel findings, we show that price expectations exhibit mean reversion in the ...

    2022| Niklas Gohl, Peter Haan, Claus Michelsen, Felix Weinhardt
  • Externe referierte Aufsätze

    Financing Renewables in the Age of Falling Technology Costs

    Cost of renewable energies have dropped, approaching wholesale power price levels. As a result, the role of renewable energy policy design is shifting – from covering incremental costs towards facilitating risk-hedging. An analytical model of the financing structure of renewable investment projects is developed to assess this effect und used to compare different policy design choices: contracts for ...

    In: Resource and Energy Economics 70 (2022), 101330, 15 S. | Karsten Neuhoff, Nils May, Jörn C. Richstein
  • Diskussionspapiere 1995 / 2022

    A Behavioral Heterogeneous Agent New Keynesian Model

    We develop a New Keynesian model with household heterogeneity and bounded rationality in the form of cognitive discounting. The interaction of household heterogeneity and bounded rationality generates amplification of monetary and fiscal policy through indirect general equilibrium effects while simultaneously ruling out the forward guidance puzzle and remaining stable at the effective lower bound. ...

    2022| Oliver Pfäuti, Fabian Seyrich
  • Externe referierte Aufsätze

    One Hundred Years of Rent Control in Argentina: Much Ado about Nothing

    Following World War I, rent control became a standard policy response to the housing shortage and the resulting rent increases. Typically, economists blame it for creating inefficiencies in the housing market and beyond. We investigate whether rental market regulations (including rent control, protection of tenants from eviction, and housing rationing) had any effects in a middle-income Latin American ...

    In: Journal of Housing and the Built Environment 37 (2022), S. 1923–1970 | Alejandro D. Jacobo, Konstantin A. Kholodilin
  • Externe referierte Aufsätze

    Earnings Inequality and Working Hours Mismatch

    Based on data from the German Socio-Economic Panel, we document a significant rise in monthly earnings in- equality between 1993 and 2018. The main contributors are inter-temporal increases in working hours inequality and increases in the covariance between working hours and hourly wages, while changes in the distribution of hourly wages play a minor role. Applying a novel double decomposition technique ...

    In: Labour Economics 76 (2022), 102184, 22 S. | Mattis Beckmannshagen, Carsten Schröder
  • Diskussionspapiere 2003 / 2022

    Stranded Assets in the Coal Export Industry? The Case of the Australian Galilee Basin

    Steam coal exporters face increasing uncertainty about future coal demand and risks of asset stranding. Nevertheless, new export-oriented coal mine projects are still brought forward. In this study, we use the coal sector model COALMOD-World to assess the economic prospects of investments in the export-oriented steam coal sector, and in particular of coal mines in the Galilee Basin, Australia. We parameterize ...

    2022| Christian Hauenstein, Franziska Holz, Lennart Rathje, Thomas Mitterecker
  • Externe referierte Aufsätze

    Testing the Superstar Firm Hypothesis

    Firms with superior productivity, labeled superstar firms, are argued to be the link between rising concentration and the fall of the aggregate labor share in the US. This analysis confirms that similar evidence is found within the European context: the market share and firm size increase, whereas the labor share decreases with productivity. One of the much discussed mechanisms behind this development ...

    In: Journal of Applied Economics 25 (2022), 1, S. 583-603 | Caroline Stiel, Alexander Schiersch
  • Externe referierte Aufsätze

    Decentral Electrification, Network Interconnection, and Local Power Markets: An Introduction

    In: Economics of Energy and Environmental Policy 11 (2022), 1, S. 1-4 | Sebastian Groh, Valerie J. Karplus, Christian von Hirschhausen
396 results, from 41
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