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Diskussionspapiere 2063 / 2023
We study the role of international financial integration in buffering natural disaster shocks, using a large sample of advanced and emerging economies. Conditioning on such exogenous events addresses the endogeneity between financial structures and economic conditions. We document that integration improves shock absorption: output, consumption, and investment are significantly higher after a shock ...
2023| Franziska Bremus, Malte Rieth
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Refereed essays Web of Science
We study the dynamics of capital accumulation, income inequality, capital concentration, and voting up to 1914. Based on new panel data for Prussian regions, we re-evaluate the famous Revisionism Debate between orthodox Marxists and their critics. We show that changes in capital accumulation led to a rise in the capital share and income inequality, as predicted by orthodox Marxists. But against their ...
In:
The Review of Economics and Statistics
(2024), im Ersch. [online first: 2023-03-15]
| Charlotte Bartels, Felix Kersting, Nikolaus Wolf
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Diskussionspapiere 2071 / 2024
Our article investigates the impact of vertical integration (without foreclosure) on innovation. We compare cases where either (i) two manufacturers or (ii) a manufacturer and a vertically integrated retailer invest. Then, the independent manufacturer( s) and the retailer bargain over non-linear contracts before selling to consumers. We show that vertical integration always increases the incentives ...
2024| Claire Chambolle, Morgane Guignard
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Weitere externe Aufsätze
In:
Ed. by Raj Chetty.... [Hrsg.] ,
Measuring Distribution and Mobility of Income and Wealth
Chicago: NBER
S. 625-640
| Stefan Bach, Charlotte Bartels, Theresa Neef
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Infographic
10.01.2023
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Refereed essays Web of Science
This study quantifies the distributional effects of the minimum wage introduced in Germany in 2015. Using detailed Socio-Economic Panel survey data, we assess changes in the hourly wages, working hours, and monthly wages of employees who were entitled to be paid the minimum wage. We employ a difference-in-differences analysis, exploiting regional variation in the “bite” of the minimum wage. At the ...
In:
Empirical Economics
66 (2024), S. 735–761
| Frank M. Fossen, Johannes König, Carsten Schröder
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DIW Weekly Report 45-49 / 2023
Most climate and energy scenarios created by international organizations and researchers include a considerable expansion of nuclear energy. In the IPCC Sixth Assessment Report, for example, nuclear energy increases from a current 3,000 terawatt hours on average to over 6,000 terawatt hours in 2050 and to over 12,000 terawatt hours in 2100. This doubling and quadrupling of nuclear energy production ...
2023| Christian von Hirschhausen, Björn Steigerwald, Franziska Hoffart, Claudia Kemfert, Jens Weibezahn, Alexander Wimmers
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Externe Monographien
Rising inflation complicates the alignment of the ECB’s policies with the Paris Agreement. This paper provides novel evidence for inflationary pressures arising from natural disasters. We then discuss the effectiveness of monetary instruments to boost a green transition, concluding that the scope of policy measures used thus far is limited. As additional measures, we advise active rebalancing of the ...
Bruxelles:
European Parliament,
2023,
23 S.
(Monetary Dialogue Papers ; November 2023)
| Sonja Dobkowitz, Pia Hüttl, Alexander Kriwoluzky, Jana Wittich
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Externe Monographien
Financing entrepreneurship spurs innovation and economic growth. Digital financial platforms that crowdfund equity for entrepreneurs have emerged globally, yet they remain poorly understood. We model equity crowdfunding in terms of the relationship between the number of investors and the amount of money raised per pitch. We examine heterogeneity in the average amount raised per pitch that is associated ...
Potsdam:
CEPA,
2024,
27 S.
(CEPA Discussion Papers ; 72)
| Saul Estrin, Susanna Khavul, Alexander S. Kritikos, Jonas Löher
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Refereed essays Web of Science
The outbreak of COVID‐19 has sparked a sudden demand for fast, frequent and accurate data on the societal impact of the pandemic. This demand has highlighted a divide in survey data collection: Most probability‐based social surveys, which can deliver the necessary data quality to allow valid inference to the general population, are slow, infrequent and ill‐equipped to survey people during a lockdown. ...
In:
Journal of the Royal Statistical Society / Series A
185 (2022), 3, S. 773-797
| Carina Cornesse, Ulrich Krieger, Marie‐Lou Sohnius, Marina Fikel, Sabine Friedel, Tobias Rettig, Alexander Wenz, Sebastian Juhl, Roni Lehrer, Katja Möhring, Elias Naumann, Maximiliane Reifenscheid, Annelies G. Blom