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  • Refereed essays Web of Science

    Face Mask Use and Physical Distancing before and after Mandatory Masking: No Evidence on Risk Compensation in Public Waiting Lines

    During the COVID-19 pandemic, the introduction of mandatory face mask usage triggered a heated debate. A major point of controversy is whether community use of masks creates a false sense of security that would diminish physical distancing, counteracting any potential direct benefit from masking. We conducted a randomized field experiment in Berlin, Germany, to investigate how masks affect distancing ...

    In: Journal of Economic Behavior & Organization 192 (2021), S. 765-781 | Gyula Seres, Anna Balleyer, Nicola Cerutti, Jana Friedrichsen, Müge Süer
  • Refereed essays Web of Science

    The Effect of Personalized Feedback on Small Enterprises’ Finances in Uganda

    This randomized controlled trial examines the effect of a new finance training style during which participants are given personalized feedback on their financial business outcomes in addition to a rule-of-thumb training approach. We compare this with the effects of a rule-of-thumb training by itself and a control group. Targeting about 500 small entrepreneurs in Uganda, we find that the personalized ...

    In: Economic Development and Cultural Change 70 (2022), 3, S. 1197-1227 | Antonia Grohmann, Lukas Menkhoff, Helke Seitz
  • Refereed essays Web of Science

    Differences in African Banking Systems: Causes and Consequences

    This paper links banking system development to the colonial and legal history of African countries. Based on a sample of 40 African countries from 2000 to 2018, our empirical findings show a significant dependence of current financial institutions on the inherited legal origin and the colonization type. Findings also reveal that current financial legal institutions are not major determinants of banking ...

    In: Journal of Institutional Economics 17 (2021), 4, S. 561–581 | Samuel Mutarindwa, Dorothea Schäfer, Andreas Stephan
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    Die Erforschung der Dynamik der Corona-Pandemie in Deutschland: Survey-Konzepte und eine exemplarische Umsetzung mit dem Sozio-oekonomischen Panel (SOEP)

    Die Weltgesundheitsorganisation (WHO) hat im Frühjahr 2020 Richtlinien für Bevölkerungsstichproben veröffentlicht, die Basisdaten für gesundheitspolitische Entscheidungen im Pandemiefall liefern können. Diese Richtlinien umzusetzen ist keineswegs trivial. In diesem Beitrag schildern wir die Herausforderungen einer entsprechenden statistischen Erfassung der Corona Pandemie. Hierbei gehen wir im ersten ...

    In: AStA Wirtschafts- und Sozialstatistisches Archiv 15 (2021), S. 155–196 | Ulrich Rendtel, Stefan Liebig, Reinhard Meister, Gert G.Wagner, Sabine Zinn
  • Refereed essays Web of Science

    Wealth of Children from Single-Parent Families: Low Levels and High Inequality in Germany

    Families’ economic wealth is a resource that can provide children with crucial advantages early in their lives. Prior research identified substantial variation of wealth levels between different family types with children from single-parent families being most disadvantaged. The causes of this disadvantage, how much the disadvantage varies between children and how the non-resident parents’ wealth may ...

    In: Journal of European Social Policy 31 (2021), 5, S. 565–579 | Philipp M. Lersch, Markus M. Grabka, Kilian Rüß, Carsten Schröder
  • Refereed essays Web of Science

    The State-Dependent Trading Behavior of Banks in the Oil Futures Market

    We study the state-dependent trading behavior of financial institutions in the oil futures market, using structural vector autoregressions with Markov switching in heteroskedasticity. We consider two states of the world: tranquil and turbulent. We decompose the observable time-varying price volatility during the period 2006M6–2016M5 into changes in the slopes of traders’ demand curves and into changes ...

    In: Journal of Economic Behavior & Organization 191 (2021), S. 1011-1024 | Daniel Bierbaumer, Malte Rieth, Anton Velinov
  • Refereed essays Web of Science

    Risky Asset Holdings during Covid-19 and Their Distributional Impact: Evidence from Germany

    We present evidence from a repeated survey on risky asset holdings carried out on a representative sample of the German population six times between April and June 2020. Given the size of the Covid-19 shock, we find little evidence of portfolio rebalancing in April 2020. In May, however, individual investors started buying heavily, parallel to market recovery. The cross-section shows large differences ...

    In: The Review of Income and Wealth 68 (2022), 2, . 497-517 | Lukas Menkhoff, Carsten Schröder
  • Refereed essays Web of Science

    Attitudes on Voluntary and Mandatory Vaccination against COVID-19: Evidence from Germany

    Several vaccines against COVID-19 have now been developed and are already being rolled out around the world. The decision whether or not to get vaccinated has so far been left to the individual citizens. However, there are good reasons, both in theory as well as in practice, to believe that the willingness to get vaccinated might not be sufficiently high to achieve herd immunity. A policy of mandatory ...

    In: PloS one 16 (2021), 5, e0248372, 18 S. | Daniel Graeber, Christoph Schmidt-Petri, Carsten Schröder
  • Refereed essays Web of Science

    Coupled Lotteries - a New Method to Analyze Inequality Aversion

    We develop and implement a new measure for inequality aversion: two peers are endowed with identical binary lotteries and the only choice they make is whether they want to play out the lotteries independently or with perfect positive correlation (coupling). Coupling has the core reason to prevent outcome inequality. We implement the method in a survey in rural Thailand as well as in a supplemental ...

    In: Journal of Economic Behavior & Organization 191 (2021), S. 236–256 | Melanie Koch, Lukas Menkhoff, Ulrich Schmidt
  • Refereed essays Web of Science

    Mobile Money, Financial Inclusion, and Unmet Opportunities: Evidence from Uganda

    Mobile money is an important instrument to improve the degree of financial inclusion, especially in developing countries. However, having a mobile money account does not imply that this account is actually used. In our sample, 86% of microentrepreneurs own a mobile money account, but only 49% actively use it – the resulting gap indicates unmet opportunities. We estimate that mobile money reaches up ...

    In: Journal of Development Studies 58 (2022), 4, S. 671-691 | Jana S. Hamdan, Katharina Lehmann-Uschner, Lukas Menkhoff
  • Refereed essays Web of Science

    Prejudice in Disguise: Which Features Determine the Subtlety of Ethnically Prejudicial Statements?

    In current immigration debates ethnic prejudice is often expressed in a subtle manner, which conceals its xenophobic content. However, previous research has only insufficiently examined the specific features that make certain ethnically prejudicial statements subtler, i.e., less readily identifiable as xenophobic, than others. The current study employs an experimental factorial survey design and assesses ...

    In: Journal of Social and Political Psychology 9 (2021), 1, S. 187–206 | Karolina Fetz, Martin Kroh
  • Refereed essays Web of Science

    100% Renewable Energy Scenarios for North America: Spatial Distribution and Network Constraints

    The urgency to combat climate change and the widely distributed, increasingly competitive renewable resources in North America are strong arguments to explore scenarios for a renewable energy supply in the region. While the current power system of North America is heavily dependent on fossil fuels, namely natural gas, coal and oil, and some nuclear power plants, some current policies at the state level, ...

    In: Energies 14 (2021), 3, 658, 17 S. | Elmar Zozmann, Leonard Göke, Mario Kendziorski, Citlali Rodriguez del Angel, Christian von Hirschhausen, Johanna Winkler
  • Refereed essays Web of Science

    Highway Conditions and Insufficient Maintenance in Germany: A Threat for Economic Growth?

    We analyse the impact of transportation infrastructure capital and its maintenance status on regionaleconomic production, exploiting panel data on the German county level (N = 401) between 2007 and2016 in a spatial translog production function. Various SLX and SDEM models are estimated usingFGLS and GMM estimators accounting for endogeneity. We find a positive impact of the transportinfrastructure ...

    In: Journal of Transport Economics and Policy 55 (2021), 4, S. 308–333 | Dennis Gaus, Heike Link
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    Grading in Secondary Schools in Germany: The Impact of Social Origin and Gender

    In the German school system, grades are the essential means of performance feedback and assignment. However, little research has been conducted on the factors that determine grades in addition to competencies, and existing findings are poorly replicated. Using data from the representative IQB Trends in Student Performance 2015 survey, our analysis combined a variety of personal and structural characteristics ...

    In: International Journal of Educational Research Open 2 (2021), 2, 100101, 9 S. | Michael Bayer, Sabine Zinn, Christin Rüdiger
  • Refereed essays Web of Science

    A 2050 Perspective on the Role for Carbon Capture and Storage in the European Power System and Industry Sector

    Carbon Capture and Storage (CCS) might be a central technology to reach the decarbonisation goals of the European energy system. However, CCS deployment faces multiple economic, technological, and infrastructure challenges. Related literature tends to only focus on certain aspects of the CCS technology or to be limited to a particular sector perspective. In contrast, this paper presents a holistic ...

    In: Energy Economics 104 (2021), 105631, 18 S. | Franziska Holz, Tim Scherwath, Pedro Crespo del Granado, Christian Skar, Luis Olmos, Quentin Ploussard, Andrés Ramos, Andrea Herbst
  • Refereed essays Web of Science

    Public Good Provision and Local Employment: Evidence from Grammar School Closures in East Germany

    This paper assesses the impact of public good provision on the spatial distribution of employment as predicted by a local labor market model that allows for commuting. Using local grammar school closures in East Germany after 2000 in a difference-in-differences estimation framework coupled with an entropy balancing strategy, we find that the school closures triggered a decline in the number of (employed) ...

    In: Regional Science & Urban Economics 88 (2021), 103672, 18 S. | Ronny Freier, Martin Simmler, Christian Wittrock
  • Refereed essays Web of Science

    The Impact of Having Children on Domain-Specific Life Satisfaction: A Quasi-Experimental Longitudinal Investigation Using the Socio-Economic Panel (Soep) Data

    Longitudinal studies have documented improvements in parents’ life satisfaction due to childbearing, followed by postpartum adaptation back to baseline. However, the details underlying this process remain largely unexplored. Based on past literature, set-point theory, and results from an exploratory sample, we investigated empirically how first childbirth affected satisfaction with specific domains ...

    In: Journal of Personality and Social Psychology 119 (2020), 6, S. 1497-1514 | Michael D. Krämer, Joseph Lee Rodgers
  • Refereed essays Web of Science

    The Term Structure of Currency Futures' Risk Premia

    The use of futures instead of forwards exchange contracts completes the maturity spectrum of the correlation between spot yields and the premium. We find that the forward premium puzzle appears to be a precrisis phenomenon and is only observed for maturities longer than about 1 month. Differences in the exposure to risk help to explain cross-sectional spreads in currency excess returns. However, this ...

    In: Journal of Money, Credit and Banking 54 (2022), 1, S. 5-38 | Kerstin Bernoth, Jürgen von Hagen, Casper de Vries
  • Refereed essays Web of Science

    Fossil Natural Gas Exit – A New Narrative for the European Energy Transformation towards Decarbonization

    This paper discusses the potential role of fossil natural gas in the process of the energy transformation in Europe on its way to decarbonization. Mainstream conventional wisdom has it that natural gas, perhaps in combination with other gases, should maintain an important role in the energy mix, first, as a "bridge fuel", and then through a gradual transition toward "decarbonized gases". However, when ...

    In: Economics of Energy and Environmental Policy 10 (2021), 2, S. 115-131 | Christian von Hirschhausen, Claudia Kemfert, Fabian Praeger
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    Klima der Angst oder Respekt auf Augenhöhe? Erfahrungen von Hartz IV-Beziehenden mit Jobcentern im Zuge der Corona-Pandemie

    Im Zuge der Corona-Pandemie wurden der Zugang zu Leistungen der Grundsicherung ver-einfacht und die Zugangsvoraussetzungen zur Gewährung von Sozialleistungen sowie die Disziplinierung der Leistungsbeziehenden abgeschwächt. Bislang ist unklar, welche Erfah-rungen Leistungsbeziehende mit diesem vereinfachten Zugang gemacht haben. Der Beitrag untersucht dies auf Basis einer quantitativen Erhebung unter ...

    In: Sozialer Fortschritt 70 (2021), 10/11, S. 651–669 | Fabian Beckmann, Rolf G. Heinze, Dominik Schad, Jürgen Schupp
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