Externe referierte Aufsätze

Nur geringer haushaltspolitischer Spielraum trotz hoher Überschüsse

Public budgets in Germany developed favorable during the last years. Currently there is a broad discussion on how to spend unexpected budget surpluses: tax reductions and a various number of spending purposes are on the agenda. Many of the proposals overlook that existing surpluses partly reflect special developments and are, thus, only temporary. This part of surpluses indicates no scope for tax reductions ...

Die Integration Geflüchteter in der Vergangenheit: Spracherwerb und Arbeitsmarkteinbindung

Aktuell besteht eine der zentralen politischen Aufgaben in der Integration von Geflüchteten in die Gesellschaft. Integration setzt sich aus Teilprozessen, wie dem Erlernen der deutschen Sprache oder der Arbeitsmarkteinbindung, zusammen. In diesem Bericht betrachten wir diese Teilprozesse für Geflüchtete, die vor allem zwischen 1990 und 2010, nach Deutschland einreisten.

Compressing Instruction Time into Fewer Years of Schooling and the Impact on Student Performance

Is it possible to compress instruction time into fewer school years without lowering education levels? A fundamental reform in Germany reduced the length of academic track schooling by one year, while increasing instruction hours in the remaining school years to provide students with a very similar core curriculum and the same overall instruction time. Using aggregated administrative data on the full ...

Start-up Costs of Thermal Power Plants in Markets with Increasing Shares of Variable Renewable Generation

The emerging literature on power markets with high shares of variable renewable energy sources suggests that the costs of more frequent start-ups of thermal power plants may become an increasing concern. Here we investigate how this develops in Germany, where the share of variable renewables is expected to grow from 14% in 2013 to 34% in 2030. We show that the overall number of start-ups grows by 81%, ...

Network Expansion to Mitigate Market Power

Constrained transmission capacity in electricity networks may give generators the possibility to game the market by specifically causing congestion and thereby appropriating excessive rents. Investment in network capacity can ameliorate such behavior by reducing the potential for strategic behavior. However, modeling Nash equilibria between generators, which explicitly account for their impact on the ...

Housework Allocation in Germany: The Role of Income and Gender Identity

ObjectivesThis article analyzes how couples allocate housework against the backdrop of three questions: (1) Does an individual's income—both in absolute and relative terms—influence his or her contribution to housework? (2) If so, does themagnitude of this influence differ by gender? and (3) How important are traditional gender roles on housework allocation?MethodsWe apply panel regression techniques ...

Associations between Neighborhood Characteristics, Well-Being and Health Vary over the Life Course

Background: Neighborhood characteristics are important determinants of individual health and well-being. For example, characteristics such as noise and pollution affect health directly, while other characteristics affect health and well-being by either providing resources (e.g. social capital in the neighborhood), which individuals can use to cope with health problems, or limiting the use thereof (e.g. ...

Structural Vector Autoregressions with Heteroskedasticity: A Review of Different Volatility Models

Changes in residual volatility are often used for identifying structural shocks in vector autoregressive (VAR) analysis. A number of different models for heteroskedasticity or conditional heteroskedasticity are proposed and used in applications in this context. The different volatility models are reviewed and their advantages and drawbacks are indicated. An application investigating the interaction ...

Richer (and Holier) than Thou? The Effect of Relative Income Improvements on Demand for Redistribution

We use a tailor-made survey on a Swedish sample to investigate how individuals' relative income affects their demand for redistribution. We first document that a majority misperceive their position in the income distribution and believe that they are poorer, relative to others, than they actually are. We then inform a subsample about their true relative income and find that individuals who are richer ...

Design of Reforms with Time-Inconsistent Voters

Widespread agreement that a political reform is necessary is no guarantee that it is actually undertaken in a timely manner. There is often a delay before action is taken and reform packages that would be most efficient to implement all at once are often done only gradually. We propose a theoretical model explaining this behavior and show that when voters have present-biased, time-inconsistent preferences, ...

No Gender Difference in Willingness to Compete when Competing against Self

We report on two experiments investigating whether there is a gender difference in the willingness to compete against oneself (self-competition), similar to what is found when competing against others (other-competition). In one laboratory and one online market experiment, involving a total of 1,200 participants, we replicate the gender-gap in willingness to other-compete but find no evidence of a ...

Productivity in German Manufacturing Firms: Does Fixed-Term Employment Matter?

This study empirically analyses how the use of fixed-term employment affects labour productivity of establishments. To this end, a large data set of German manufacturing establishments and various panel data models are used in order to test the expected non-linear relationship between labour productivity and the use of fixed-term employees. The analysis takes into account the possible distortions that ...

Day-Care Availability, Maternal Employment and Satisfaction of Parents: Evidence from Cultural and Policy Variations in Germany

This study investigates how the availability and expansion of childcare services for children aged under 3 years relate to the subjective wellbeing of German mothers and fathers. It extends previous studies by examining in more detail the relationship between day-care availability and use, maternal employment and parental subjective wellbeing during early childhood in a country with expanding childcare ...

How Do Insured Deposits Affect Bank Risk? Evidence from the 2008 Emergency Economic Stabilization Act

This paper tests whether an increase in insured deposits causes banks to become more risky. We use variation introduced by the U.S. Emergency Economic Stabilization Act in October 2008, which increased the deposit insurance coverage from $100,000 to $250,000 per depositor and bank. For some banks, the amount of insured deposits increased significantly; for others, it was a minor change. Our analysis ...

Too Much of a Good Thing? A Theory of Short-Term Debt as a Sorting Device

This paper shows that the liquidity risk associated with short-term debt financing can be used to sort insolvent firms out of financial markets when their solvency risk is private information. Notwithstanding this sorting role of short-term debt, unregulated financial firms tend to choose an inefficiently short debt maturity structure. This inefficiency arises for two reasons. First, by issuing more ...

Does the Presence of Wind Turbines Have Negative Externalities for People in Their Surroundings? Evidence from Well-Being Data

Throughout the world, governments foster the deployment of wind power to mitigate negative externalities of conventional electricity generation, notably CO2 emissions. Wind turbines, however, are not free of externalities themselves, particularly interference with landscape aesthetics. We quantify these negative externalities using the life satisfaction approach. To this end, we combine household data ...

Measuring the Consistency of Cross-Sectional and Longitudinal Income Information in EU-SILC

The EU-wide survey “Statistics on Income and Living Conditions” (EU-SILC) is extremely important for international social science research and policy advice. It is therefore crucial to ensure that the data are of the highest quality and international comparability. This paper is aimed at identifying unexpected developments in income levels, income mobility, and inequality in the EU-SILC data between ...

Prosumage of Solar Electricity: Pros, Cons, and the System Perspective

We examine the role of prosumage of solar electricity, i.e. PV self-generation combined with distributed storage, in the context of the low-carbon energy transformation. First, we devise a qualitative account of arguments in favor of and against prosumage. Second, we give an overview of prosumage in Germany. Prosumage will likely gain momentum as support payments expire for an increasing share of PV ...

Currency Value

We assess the properties of currency value strategies based on real exchange rates. We find that real exchange rates have predictive power for the cross-section of currency excess returns. However, adjusting real exchange rates for key country-specific fundamentals (productivity, the quality of export goods, net foreign assets, and output gaps) better isolates information related to the currency risk ...

On Differentiating Adaptation from Disposition Concepts: The Case of Age-Associated Dynamics of Life Satisfaction ; Commentary