External refereed essays

A Tale of Two Countries: The Long Shadow of the Crisis on Income and Wealth in Germany and Italy

The Role of Aggregators in Facilitating Industrial Demand Response: Evidence from Germany

Industrial demand response can play an important part in balancing the intermittent production from a growing share of renewable energies in electricity markets. This paper analyses the role of aggregators – intermediaries between participants and power markets – in facilitating industrial demand response. Based on the results from semi-structured interviews with German demand response aggregators, ...

Economic Competence in Early Secondary School: Evidence from a Large-Scale Assessment in Germany

We employ a psychometrically validated performance test to study economic competence among representative sample of 1,687 early secondary school students in Southwest Germany. The rich dataset allows us to study variation in economic competence across school types and observable student characteristics. Our results show that economic competence is significantly lower among female students, migrants, ...

Parental Separation during Childhood and Adult Children’s Wealth

This study examines the association between parental separations during childhood and economic wealth of adult children. We provide a new test of this relationship and address two unresolved debates in the literature concerning (1) the pathways linking parental separation and adult children’s wealth and (2) the relevance of the timing of exposure. We use data from the Household, Income and Labour Dynamics ...

Assessment of German Public Attitudes toward Health Communications with Varying Degrees of Scientific Uncertainty Regarding COVID-19

This survey study assesses attitudes of the German public regarding COVID-19 health communications with varying degrees of scientific uncertainty.

Gender Identity and Wives’ Labor Market Outcomes in West and East Germany between 1983 and 2016

We exploit the natural experiment of German reunification in 1990 to investigate if the institutional regimes of the formerly socialist (rather gender-equal) East Germany and the capitalist (rather gender-traditional) West Germany resulted in differing gender norms regarding who should be the family breadwinner. We use data for three periods between 1983 and 2016 from the German Socio-Economic Panel. ...

The U.S. Coal Sector between Shale Gas and Renewables: Last Resort Coal Exports?

Coal consumption and production have sharply declined in recent years in the U.S., despite political support. Reasons are mostly unfavorable economic conditions for coal, including competition from natural gas and renewables in the power sector, as well as an aging coal-fired power plant fleet. Nevertheless, coal remains a major energy source in the North American energy markets. Supplementing EMF34 ...

Great Expectations: Reservation Wages and Minimum Wage Reform

This paper is the first causal study using quasi-experimental methods to identify the effect of minimum wages on the reservation wages of non-workers. We exploit variation in regional exposure to the introduction of a high-impact minimum wage in Germany in 2015, combined with survey responses about wage acceptance thresholds of job seekers. Results show a 16% increase in reservation wages among non-employed ...

2D:4D and Self-Employment: A Preregistered Replication Study in a Large General Population Sample

The 2D: 4D digit ratio, the ratio of the length of the second finger to the length of the fourth finger, is often considered a proxy for testosterone exposure in utero. A recent study reported, among other things, an association between the left-hand 2D:4D and self-employment in a sample of 974 adults. In this preregistered study, we replicate the 2D:4D results on a sample of more than 2100 adults ...

Top of the Class: The Importance of Ordinal Rank

This article establishes a new fact about educational production: ordinal academic rank during primary school has lasting impacts on secondary school achievement that are independent of underlying ability. Using data on the universe of English school students, we exploit naturally occurring differences in achievement distributions across primary school classes to estimate the impact of class rank. ...

Cohort Changes in the Level and Dispersion of Gender Ideology after German Reunification: Results from a Natural Experiment

Modernization theorists’ ‘rising tide hypothesis’ predicted the continuous spread of egalitarian gender ideologies across the globe. We revisit this assumption by studying reunified Germany, a country that did not follow a strict modernization pathway. The socialist German Democratic Republic (GDR) actively fostered female employment and systematically promoted egalitarian ideologies before reunification ...

Parental Well-Being in Times of Covid-19 in Germany

We examine the effects of Covid-19 and related restrictions on individuals with dependent children in Germany. We specifically focus on the role of day care center and school closures, which may be regarded as a “disruptive exogenous shock” to family life. We make use of a novel representative survey of parental well-being collected in May and June 2020 in Germany, when schools and day care centers ...

Non-migrants’ and Migrants’ Interethnic Relationships: The Third Party Role of Cohabiting Partners

Considering both non-migrant and migrant couples, this paper studies the effect of cohabiting life partners’ attitudes, resources, and social network compositions on their spouse’s interethnic friendships and acquaintances. Thus, partners are conceptualized as important “third parties” for interethnic relationship formation. Analysing representative German household panel data, I find that partner ...

Gendered Employment Trajectories and Individual Wealth at Older Ages in Eastern and Western Germany

This study examines the association between employment trajectories and retired men’s and women’s individual wealth at older ages in the two distinct welfare state contexts of Eastern and Western Germany. Because of the increasing re-marketization of retirement provisions, wealth is becoming increasingly important for retirees’ economic well-being. Using data from the German Socio-Economic Panel Study ...

The Variability of Occupational Attainment: How Prestige Trajectories Diversified within Birth Cohorts over the Twentieth Century

This study develops and applies a framework for analyzing variability in individuals’ occupational prestige trajectories and changes in average variability between birth cohorts. It extends previous literature focused on typical patterns of intragenerational mobility over the life course to more fully examine intracohort differentiation. Analyses are based on rich life course data for men and women ...

The Effectiveness of FX Interventions: A Meta-Analysis

There is ample empirical literature centering on the effectiveness of foreign exchange intervention (FXI). Given the mix of objectives and country-heterogeneity, the general lack of consensus thus far is no surprise. We shed light on this debate by conducting the first comprehensive meta-analysis in the FXI literature, with 279 reported effects that stem from 74 distinct empirical studies. We cover ...

Coronavirus and Care: How the Coronavirus Crisis Affected Fathers’ Involvement in Germany

Background: Some have hypothesized that the coronavirus crisis may result in a retraditionalization of behaviour. This paper examines this hypothesis by analyzing how the time fathers and mothers spent with their children changed during the first lockdown in the case of Germany.Methods: Data for this investigation come from the German Socio-Economic Panel. The outcome variable is the time spent on ...

Die Corona-Krise kommt mit Wucht zurück

Erholung verliert an Fahrt – Wirtschaft und Politik weiter im Zeichen der Pandemie

Infolge der Maßnahmen zur Eindämmung der Corona-Pandemie ist die deutsche Wirtschaftsleistung in der ersten Jahreshälfte drastisch gesunken, vor allem in den Monaten März und April. Schon im Mai setzte eine kräftige Gegenbewegung ein, die sich in nahezu allen Branchen bis zum aktuellen Rand fortsetzte. Dieser Erholungsprozess dürfte an Fahrt verlieren. Die Institute erwarten daher nach einem Rückgang ...

Ein höheres Inflationsziel für die EZB?