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DIW Discussion Papers 705 / 2007
Which role do individual income prospects play in the decision to be an entrepreneur rather than an employee? In a model of occupational choice, higher expected after-tax earnings attract people to self-employment, while more risky net earnings deter risk-averse individuals. In this paper I analyse the expected value and variance of income in self-employment and dependent employment empirically, accounting ...
2007| Frank M. Fossen
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DIW Discussion Papers 704 / 2007
The paper focuses on the effects of three different internal bank ratings - Risk-, Property- and Creditworthiness-Rating - on the loan maturity. We use a sample of about 5,000 loans given to sole proprietors and corporate borrowers by two German banks from January 2003 till July 2005. The estimation results for corporate borrowers are consistent with Diamond's (1991) predictions of non-monotonic relationship ...
2007| Nataliya Fedorenko, Dorothea Schäfer, Oleksandr Talavera
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DIW Discussion Papers 703 / 2007
This study develops a parsimonious stable coefficient money demand model for Latvia for the period from 1996 till 2005. A single cointegrating vector between the real money balances, the gross domestic product, the long-term interest rate, and the rate of inflation is found. Our study contributes to better understanding of the factors shaping the demand for money in the new Member States of the ...
2007| Boriss Siliverstovs
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DIW Discussion Papers 702 / 2007
This study examines the relation between corporate governance practices measured by Transparency Disclosure Index (TDI) and dividend policy in Poland. Our empirical approach, constructs measures of the quality of the corporate governance for 110 non-financial companies listed on Warsaw Stock Exchange between 1998 and 2004. We find evidence that an increase in the TDI or its subindices leads to an increase ...
2007| Oskar Kowalewski, Ivan Stetsyuk, Oleksandr Talavera
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DIW Discussion Papers 701 / 2007
The paper investigates young firms' choice of capital source. Our theoretical model hypothesizes a positive (negative) relation between riskiness of the project (price of venture capital) and receiving informed equity. We test our predictions by employing a unique data set collected by KfW group. The theoretical framework is largely confirmed for the sample of bank financing and independent VC financing. ...
2007| Dorothea Schäfer, Oleksandr Talavera, Volker Zimmermann
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DIW Discussion Papers 700 / 2007
Over the last four decades, academic and wider public interest in inequality and poverty has grown substantially. In this paper we address the question: what have been the major new directions in the analysis of inequality and poverty over the last thirty to forty years? We draw attention to developments under seven headings: changes in the extent of inequality and poverty, changes in the policy environment, ...
2007| Stephen P. Jenkins, John Micklewright
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DIW Discussion Papers 699 / 2007
The March Current Population Survey (CPS) is the primary data source for estimation of levels and trends in labor earnings and income inequality in the USA. Time-inconsistency problems related to top coding in theses data have led many researchers to use the ratio of the 90th and 10th percentiles of these distributions (P90/P10) rather than a more traditional summary measure of inequality. With access ...
2007| Richard V. Burkhauser, Shuaizhang Feng, Stephen P. Jenkins
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DIW Discussion Papers 698 / 2007
Privacy has been recognized as an important topic in the Internet for a long time, and technological developments in the area of privacy tools are ongoing. However, their focus was mainly on the individual. With the proliferation of social network sites, it has become more evident that the problem of privacy is not bounded by the perimeters of individuals but also by the privacy needs of their social ...
2007| Sören Preibusch, Bettina Hoser, Seda Gürses, Bettina Berendt
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DIW Discussion Papers 697 / 2007
We test empirically whether people's life satisfaction depends on their relative income position in the neighbourhood, drawing on a unique dataset, the German Socio-economic Panel Study (SOEP) matched with micro-marketing indicators of population characteristics. Relative deprivation theory suggests that individuals are happier the better their relative income position in the neighbourhood is. To test ...
2007| Gundi Knies, Simon Burgess, Carol Propper
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DIW Discussion Papers 696 / 2007
This article contributes to the literature on innovation and development by identifying the determinants of innovation, and the role of intellectual property rights, in industrialized and developing countries. Controlling for sample selection, I find that, in general, the level of intellectual property protection and a country's technological capital stock are positively related to research and development ...
2007| Andréanne Léger
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DIW Discussion Papers 695 / 2007
Labor force participation rates of mothers in Austria and Germany are similar, however full-time employment rates are much higher among Austrian mothers. In order to find out to what extent these differences can be attributed to differences in the tax transfersystem, we perform a comparative micro simulation exercise. After estimating structural labor supply models of both countries, we interchange ...
2007| Helene Dearing, Helmut Hofer, Christine Lietz, Rudolf Winter-Ebmer, Katharina Wrohlich
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DIW Discussion Papers 694 / 2007
This paper discusses how household panel surveys can be informative about the intergenerational transmission of poverty. We consider issues both of data and of the statistical methods that may be applied to those data. Although the data focus is on panel surveys from developed countries, we also briefly consider data availability in developing countries. We set out a list of survey data requirements ...
2007| Stephen P. Jenkins, Thomas Siedler
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DIW Discussion Papers 693 / 2007
This paper reviews research about the intergenerational transmission of poverty in industrialized countries. In order to make our survey manageable, we restrict attention to studies that consider the relationship between parental poverty (or 'income') during childhood and later-life outcomes; we do not explicitly consider the impact of other family background variables such as parental education. The ...
2007| Stephen P. Jenkins, Thomas Siedler
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DIW Discussion Papers 692 / 2007
In economic models of energy and climate policy, endogenous technological change is generally introduced as the result of either investment in research-and-development or of learning-by-doing. In this paper, we analyze alternative ways of modeling learning-by-doing in the renewable energy sector in a top-down CGE model. Conventionally, learning-by-doing effects in the renewable energy sector are allocated ...
2007| Katja Schumacher, Michael Kohlhaas
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DIW Discussion Papers 691 / 2007
In this study we analyse the impact of workers' remittances on the decision to migrate by means of cointegration analysis. In traditional migration theories, especially in human capital models, the decision to migrate is based upon comparison of expected future incomes in the sending and the receiving countries adjusted for the cost of migration. By contrast, the new economics of labour migration suggests ...
2007| Sule Akkoyunlu, Boriss Siliverstovs
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DIW Discussion Papers 690 / 2007
Der Beitrag arbeitet den in verschiedenen wissenschaftlichen Disziplinen kontrovers diskutierten Zielkonflikt zwischen Leistungs- und Bedarfsgerechtigkeit in modernen Wohlfahrtsstaaten heraus. Es wird dabei die Frage beantwortet, inwieweit dieses für die Makroebene der Gesellschaft durchaus bestehende Steuerungsproblem moderner Wohlfahrtsstaaten auch in der individuellen Wahrnehmung Gerechtigkeitsprobleme ...
2007| Stefan Liebig, Jürgen Schupp
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DIW Discussion Papers 689 / 2007
Germany is one of the few OECD countries with a two-tier system of statutory and primary private health insurance. Both types of insurance provide fee-for-service insurance, but chargeable fees for identical services are more than twice as large for privately insured patients than for statutorily insured patients. This price variation creates incentives to induce demand primarily among the privately ...
2007| Hendrik Jürges
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DIW Discussion Papers 688 / 2007
Job insecurity causes far reaching negative outcomes. The fear of job loss damages the health of employees and reduces the productivity of firms. Thus, job insecurity should result in increasing social costs. Analyzing representative data from 17 European countries, this paper investigates self perceived job insecurity. Our multi level analysis reveals significant cross-country differences in individuals' ...
2007| Marcel Erlinghagen
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DIW Discussion Papers 687 / 2007
Dieser Beitrag geht der Frage nach, welche Faktoren damit in Zusammenhang stehen, wie viele Jahre ein Kind vor Schuleintritt eine Betreuungs- und Bildungseinrichtung besucht und ob die Dauer des Besuchs von Kindertageseinrichtungen mit dem späteren Schultyp in Ver-bindung steht. Die empirische Analyse basiert auf einem für Deutschland repräsentativen Paneldatensatz. Das Sozio-oekonomische Panel (SOEP) ...
2007| Charlotte Büchner, C. Katharina Spieß
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DIW Discussion Papers 686 / 2007
This paper analyzes the influence of children's health and mothers' physical and mental well-being on female labor force participation after childbirth in Germany. Our analysis uses data from the German Socio-Economic Panel (SOEP) study, which enables us to measure chil-dren's health based on the occurrence of severe health problems including mental and physi-cal disabilities, hospitalizations, and ...
2007| Annalena Dunkelberg, C. Katharina Spieß