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Die führenden Wirtschaftsforschungsinstitute senken ihre BIP-Wachstumsprognose für 2021 von 3,7 % auf 2,4 %. Dafür ist insbesondere die schwächelnde Industrieproduktion verantwortlich, die unter Lieferengpässen leidet. Die internationale Konjunktur erholt sich zwar von den Verwerfungen der Corona-Pandemie, aber nur langsam, da die Impffortschritte regional unterschiedlich sind. Die Verbraucherpreise ...
In:
Wirtschaftsdienst
101 (2021), 10, S. 773–776
| Martin Gornig, Oliver Holtemöller, Stefan Kooths, Torsten Schmidt, Timo Wollmershäuser
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Refereed essays Web of Science
This study provides the first representative analysis of error estimations and willingness to accept errors in a Western country (Germany) with regards to algorithmic decision-making systems (ADM). We examine people’s expectations about the accuracy of algorithms that predict credit default, recidivism of an offender, suitability of a job applicant, and health behavior. Also, we ask whether expectations ...
In:
Scientific Reports
11 (2021), 20171, 11 S.
| Felix G. Rebitschek, Gerd Gigerenzer, Gert G. Wagner
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Refereed essays Web of Science
Public opinion climates on immigrants are subject to certain dynamics. This study examines two mechanisms for such dynamics in Western EU member states for the 2002–2018 period. First, the impact of cohort replacement and, second, the impact of periodic threat perceptions, namely, changing macroeconomic conditions and shifts in immigration rates. To date, empirical research on anti-immigrant sentiments ...
In:
International Journal of Comparative Sociology
62 (2021), 4, S. 281–310
| Katja Schmidt
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Refereed essays Web of Science
Bisherige Studien haben gezeigt, dass ethnische Bildungsungleichheiten bereits vor der Einschulung entstehen. Es wurde gezeigt, dass insbesondere für Lernende mit Migrationshintergrund eine frühe Bildungsbeteiligung einen positiven Einfluss auf die späteren Bildungsergebnisse hat, wobei der Erwerb der Sprache des Aufnahmelandes einer der Hauptmechanismen für diesen Effekt ist. Mit der Zuwanderung von ...
In:
Journal for Educational Research Online
13 (2021), 1, S. 16-77
| Christoph Homuth, Elisabeth Liebau, Gisela Will
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Refereed essays Web of Science
Theory suggests that large firms are more likely to engage in lobbying behaviour and are geographically more mobile compared with smaller entities. Conditional on jurisdiction size, policy choices are thus predicted to depend on the shape of a jurisdiction's firm size distribution, with more business-oriented policies being enacted if jurisdictions host large firms. The paper empirically tests this ...
In:
Canadian Journal of Economics
54 (2021), 2, S. 812-839
| Nadine Riedel, Martin Simmler
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Refereed essays Web of Science
Redistribution across individuals within the framework of a one-year period is an empirically intensely studied question. However, a substantial share of annual redistribution might turn out to serve individual insurance in a longer perspective, reducing the level of actual redistribution across individuals. In this paper, we investigate to what extent long-run redistribution diverges from annual redistribution ...
In:
The Scandinavian Journal of Economics
123 (2021), 4, S. 1116-1158
| Charlotte Bartels, Dirk Neumann
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Refereed essays Web of Science
This research studies the stylized fact of a “gender gap” in that women tend to have lower financial literacy than men. Our data which samples middle-class people from Bangkok does not show a gender gap for those with at least minimum wage earnings. This result is not explained by men’s low financial literacy, nor by women’s high income and good education. Rather, country characteristics may influence ...
In:
Journal of Behavioral and Experimental Finance
31 (2021), 100537, 10 S.
| Antonia Grohmann, Olaf Hübler, Roy Kouwenberg, Lukas Menkhoff
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Refereed essays Web of Science
A major challenge for proxy vector autoregressive analysis is the construction of a suitable external instrument variable or proxy for identifying a shock of interest. Some authors construct sophisticated proxies that account for the dating and size of the shock while other authors consider simpler versions that use only the dating and signs of particular shocks. It is shown that such qualitative (sign-)proxies ...
In:
Journal of Economic Dynamics & Control
127 (2021), 104118, 17 S.
| Lukas Boer, Helmut Lütkepohl
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Refereed essays Web of Science
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
34 (2021), S. 397–427
| Jule Adriaans, Stefan Liebig, Clara Sabbagh, Guillermina Jasso
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Refereed essays Web of Science
We study a merger between two Dutch supermarket chains to assess its effect on the depth as well as composition of assortment. We adopt a difference-in-differences strategy that exploits local variation in pre-merger competitive conditions and thus in the merger outcomes. To define our control group, we account for selection on observables through a matching procedure. We observe that, after the merger, ...
In:
International Journal of Industrial Organization
79 (2021), 102789, 19 S.
| Elena Argentesi, Paolo Buccirossi, Roberto Cervone, Tomaso Duso, Allessia Marrazzo
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Refereed essays Web of Science
We provide a description of ownership patterns in the top 25 European banks for the period 2003–2015, where we especially focus on the global financial crisis. Investment managers, such as Blackrock, are dominant in terms of number of blockholdings in different banks, maintaining fairly stable “common ownership” networks throughout our sample. However, the financial crisis led to capital injections ...
In:
Journal of Competition Law & Economics
18 (2022), 1, S. 135–167
| Albert Banal-Estañol, Nuria Boot, Jo Seldeslachts
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Refereed essays Web of Science
This paper aims to quantify the relation between real GDP, CO2 emissions, renewable and nonrenewable energy consumption, tourism development and labor force for France and Germany as these two countries are pioneer countries pushing Paris agreement within and outside the European Union. The time spans have been used for the period of 1995–2015 according to data availability. In the presence of cross-sectional ...
In:
Renewable Energy
172 (2021), S. 88-99
| Xuejiao Ma, Najid Ahmad, Pao-Yu Oei
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Refereed essays Web of Science
This paper shows that labor demand plays an important role in the labor market reactions to a pension reform in Germany. Employers with a high share of older worker inflow compared with their younger worker inflow, employers in sectors with few investments in research and development, and employers in sectors with a high share of collective bargaining agreements allow their employees to stay employed ...
In:
Industrial Relations
61 (2022), 2, S. 152-192
| Johannes Geyer, Peter Haan, Svenja Lorenz, Thomas Zwick, Mona Bruns
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Refereed essays Web of Science
As the policy debate on entrepreneurship increasingly centers on firm growth in terms of job creation, it is important to understand whether the personality of entrepreneurs drives the first hiring in their firms. Using the German Socio-Economic Panel (SOEP), we analyze to what extent personality traits influence the probability of becoming an employer. The results indicate that personality matters. ...
In:
Industrial and Corporate Change
31 (2022), 3, S. 736–761
| Marco Caliendo, Frank M. Fossen, Alexander S. Kritikos
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Refereed essays Web of Science
Economic inequality is rising globally and due to developments in information technologies and globalization, nowadays individuals are more exposed to such an inequality than ever. Recent studies show that exposure to inequality may shape economic decisions. In this article, we test whether contributions in the public goods game are sensitive to information about inequality of personal benefits between ...
In:
Journal of Behavioral and Experimental Economics
92 (2021), 101679, 10 S.
| Pablo Brañas-Garza, Elena Molis, Levent Neyse
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Refereed essays Web of Science
This paper evaluates a widely used, low stakes, teacher peer-to-peer observation and feedback program under Randomized Control Trial (RCT) conditions. Half of 181 volunteer primary schools in England were randomly selected to participate in a two-year program in which three fourth and fifth grade teachers observed each other. We find that two cohorts of students taught by treated teachers perform no ...
In:
Economics of Education Review
82 (2021), 102091, 18 S.
| Richard Murphy, Felix Weinhardt, Gill Wyness
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Refereed essays Web of Science
The experimental literature on antitrust enforcement provides robust evidence that communication plays an important role for the formation and stability of cartels. We extend these studies through a design that distinguishes between innocuous communication and communication about a cartel, sanctioning only the latter. To this aim, we introduce a participant in the role of the competition authority, ...
In:
International Journal of Industrial Organization
76 (2021), 102728, 25 S.
| Maximilian Andres, Lisa Bruttel, Jana Friedrichsen
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Refereed essays Web of Science
With the energy sector being one of the largest sources of global greenhouse-gas emissions, a swift change in the ways of energy generation and consumption is needed for a fulfilment of climate goals. But while the existence of global warming and the resulting need for action are widely agreed upon, there is a lot of discussion around the concrete measures and their timeline. A major cause of this ...
In:
Energy
239 (2022), Part A, 121901, 19 S.
| Konstantin Löffler, Thorsten Burandt, Karlo Hainsch, Pao-Yu Oei, Frederik Seehaus, Felix Wejda
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Refereed essays Web of Science
The aim of this paper is to showcase different decarbonization pathways for Europe with varying Carbon dioxide (CO2) constraints until 2050. The Global Energy System Model (GENeSYS-MOD) framework, a linear mathematical optimization model, is used to compute low-carbon scenarios for 17 European countries or regions. The sectors power, low- and high- temperature heating, and passenger and freight transportation ...
In:
The Energy Journal
42 (2021), 5, S. 41-66
| Karlo Hainsch, Thorsten Burandt, Konstantin Löffler, Claudia Kemfert, Pao-Yu Oei, Christian von Hirschhausen
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Refereed essays Web of Science
This paper examines medium and long-term perspectives for global steam coal production and trade, considering the potential impacts of the COVID-19 pandemic and plausible recovery scenarios in its aftermath. We use an interdisciplinary approach to develop a range of stylized global coal demand scenarios until 2040 depicting the influence of the COVID-19 pandemic and resulting recovery stimuli. Additional ...
In:
Applied Energy
288 (2021), 116564, 16 S.
| Paola Yanguas Parra, Christian Hauenstein, Pao-Yu Oei