Publikationen des Vorstandsbereichs

COVID-19: a Crisis of the Female Self-Employed

We investigate how the economic consequences of the pandemic and the government-mandated measures to contain its spread affect the self-employed — particularly women — in Germany. For our analysis, we use representative, real-time survey data in which respondents were asked about their situation during the COVID-19 pandemic. Our findings indicate that among the self-employed, who generally face a higher ...

What's in a Word? Just vs. Fair vs. Appropriate Earnings for Self and Others

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 ...

Panel Survey Recruitment With or Without Interviewers? Implications for Nonresponse, Panel Consent, and Total Recruitment Bias

The Economic Research Potentials of the German Socio-Economic Panel Study

We provide a concise introduction to a household-panel data infrastructure that provides the international research community with longitudinal data of private households in Germany since 1984: the German Socio-Economic Panel (SOEP). We demonstrate the comparative strength of the SOEP data in answering economically-relevant questions by highlighting its diverse and impactful applications throughout ...

The Need for Household Panel Surveys in Times of Crisis: The Case of SOEP-CoV

The spread of the novel coronavirus, SARS-CoV-2, poses major challenges for individuals and societies at large. The question now is how individuals and society are dealing with these challenges, and what health, psychological, social, and economic effects they will have to bear. Meaningful answers can only be provided using a generalizable database that contains contextual information such as family ...

Inflation Targeting as a Shock Absorber

We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of countries. To overcome an endogeneity problem between monetary regimes and the likelihood of crises, we propose to study large natural disasters. We find that inflation targeting improves macroeconomic performance following such exogenous shocks. It lowers inflation, raises output growth, ...

The Individual in Context(s): Research Potentials of the Socio-Economic Panel Study (SOEP) in Sociology

The German Socio-Economic Panel (SOEP) study is a rich resource for sociologists, mainly because it offers direct measures of respondents’ contexts. The SOEP data provide (i) information retrieved from individuals themselves, (ii) direct information retrieved from their parents, partners, and organizations, (iii) prospectively collected information on past characteristics, and (iv) regional and spatial ...

Take Your Time to Grow: A Field Experiment on the Hiring of Youths

We investigate the effect of spells of no formal employment of young Germans on their chances of entering the labor market through an apprenticeship. We also study whether the potential negative effects of such spells can be mitigated by publicly provided training measures. In a field experiment, the fictitious applications of three young women were sent to firms advertising apprenticeships for the ...

Monetary Policy, Bank Bailouts, and the Sovereign-Bank Risk Nexus in the Euro Area

The article analyses the empirical relationship between bank credit risk and sovereign credit risk in the euro area, using a system of simultaneous equations identified through heteroskedasticity. We first confirm a two-way causality between both risks, which amplifies initial credit risk shocks. We also document significant credit risk spillovers between sovereigns and banks in the periphery and the ...

The Integration of International Financial Markets: An Attempt to Quantify Contagion in an Input-Output-Type Analysis

The increasing integration of international financial markets means that credit defaults in one country have to be covered by creditors in other countries. If the principle of creditor liability were applied systematically, the financial losses incurred by the financial institution that provided the credit and is thus directly affected by the default would be ‘passed on’ through its domestic and foreign ...