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Refereed essays Web of Science
Das Sozio-ökonomische Panel hält für die Erforschung der psychischen Gesundheit und Lebensqualität von Zuwanderern ein großes Analysepotenzial bereit. Der Beitrag beleuchtet sowohl die Güte der Stichprobenziehung, die Zusammensetzung und den Umfang von Personen mit Migrationshintergrund in dieser Datengrundlage, als auch die für das Thema psychische Gesundheit und Lebensqualität zur Verfügung stehenden ...
In:
Psychotherapie, Psychosomatik, Medizinische Psychologie
66 (2016), 9/10, S. 393-396
| Elisabeth Liebau
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Refereed essays Web of Science
Changes in residual volatility in vector autoregressive (VAR) models can be used for identifying structural shocks in a structural VAR analysis. Testable conditions are given for full identification for the case where the volatility changes can be modelled by a multivariate GARCH process. Formal statistical tests are presented for identification and their small sample properties are investigated via ...
In:
Journal of Economic Dynamics & Control
73 (2016), S. 241-258
| Helmut Lütkepohl, George Milunovich
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The global industrial structure has been in a constant state of change for some time now. While China’s share has steadily grown, Western industrialised countries have mostly experienced losses in industrial market share. Within Europe, the fates of the established industrialised nations have all played out very differently. For example, France and the UK have suffered massive losses, while Germany ...
In:
Intereconomics
51 (2016), 5, S. 272-277
| Martin Gornig, Alexander Schiersch
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Refereed essays Web of Science
This paper explores the long run relationship between public and private investment in the euro area. In contrast to previous studies a stock-flow approach is applied to control for the different orders of integration between the stock and flow variables. Panel econometric techniques allowing for international spillovers are employed. Private and public capital stocks are both I(2) and cointegrated. ...
In:
Economic Modelling
58 (2016), S. 154-158
| Christian Dreger, Hans-Eggert Reimers
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Refereed essays Web of Science
Web surveys technically allow providing feedback to the respondents based on their previous responses. This personalized feedback may increase respondents’ motivation and possibly the accuracy of responses. While past studies mainly concentrate on the effects of providing study results on future response rates, thus far survey research lacks theoretical and empirical contributions on the effects of ...
In:
Social Science Computer Review
36 (2018), 6, S. 744-755
| Simon Kühne, Martin Kroh
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Refereed essays Web of Science
Theoretical work based on social identity theory predicts that population diversity undermines redistributive public policies. This article tests this proposition exploiting an exogenous shock in diversity due to Germany’s reunification. In contrast to previous work on ethno-linguistic or racial heterogeneity, we specifically analyze religious diversity, which is an increasingly relevant social cleavage ...
In:
Journal of Urban Economics
94 (2016), S. 1-12
| Ronny Freier, Benny Geys, Joshua Holm
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Refereed essays Web of Science
The hypothalamic-pituitary-adrenal (HPA) and hypothalamic-pituitary-gonadal (HPG) axes are typically conceptualized as mutually inhibitory systems; however, previous studies have found evidence for positive within-person associations (i.e., coupling) between cortisol and testosterone. One developmental hypothesis is that positive testosterone-cortisol coupling is unique to the adolescent period and ...
In:
Psychoneuroendocrinology
73 (2016), S. 75-90
| K. Paige Harden, Cornelia Wrzus, Gloria Luong, Andrew Grotzinger, Malek Bajbouj, Antje Rauers, Gert G. Wagner, Michaela Riediger
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Refereed essays Web of Science
The tertiarisation, or perhaps more accurately, the deindustrialisation of the economy has left deep scars on cities. It is evident not only in the industrial wastelands and empty factory buildings, but also in the income and social structures of cities. Industrialisation, collective wage setting, and the welfare state led to a stark reduction in income differences over the course of the 20th century. ...
In:
Urban Studies
55 (2018), 4, S. 790-806
| Martin Gornig, Jan Goebel
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Refereed essays Web of Science
We study a constitutional change in the German State of Bavaria where citizens, not politicians, granted themselves more say in politics at the local level through a state initiative election in 1995. This institutional setting allows us to observe revealed preferences for direct democracy and to identify factors which explain these preferences. Empirical evidence suggests that support for direct democracy ...
In:
International Tax and Public Finance
23 (2016), 4, S. 716-740
| Felix Arnold, Ronny Freier, Magdalena Pallauf, David Stadelmann
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Refereed essays Web of Science
This paper investigates the impact of changes in environmental policy stringency on industry- and firm-level productivity growth in a panel of OECD countries. To test the strong version of the Porter Hypothesis (PH), we extend a neo-Schumpeterian productivity model to allow for effects of environmental policies. We use a new environmental policy stringency (EPS) index and let the effect of countries׳ ...
In:
Journal of Environmental Economics and Management
81 (2017), S. 209-226
| Silvia Albrizio, Tomasz Kozluk, Vera Zipperer
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Refereed essays Web of Science
This paper proposes a measurement framework that explicitly accounts for the role of natural capital in productivity measurement. It is applied to aggregate economy data from the OECD Productivity Database, with natural capital data from the World Bank. It is shown that the direction of the adjustment to productivity growth depends on the rate of change of natural capital extraction relative to the ...
In:
The Review of Income and Wealth
63 (2017), S.1, S. 7-21
| Nicola Brandt, Paul Schreyer, Vera Zipperer
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Refereed essays Web of Science
In an uncertain world, decisions by market participants are based on expectations. Therefore, sentiment indicators reflecting expectations have a proven track record at predicting economic variables. However, survey respondents largely perceive the world through media reports. Here, we want to make use of that. We employ a rich dataset provided by Media Tenor International, based on sentiment analysis ...
In:
Journal of Forecasting
36 (2017), 5, S. 483-496
| Konstantin A. Kholodilin, Dirk Ulbricht, Tobias Thomas
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Refereed essays Web of Science
In recent years, an increasing number of nationally representative surveys in the social sciences and economics have implemented the Big Five model of personality. While many personality inventories were originally developed in the context of self-administered questionnaires, they are often used by large surveys in face-to-face interview settings instead. Drawing on an experimental research design, ...
In:
Journal of Research in Personality
63 (2016), S. 133-136
| Luisa Hilgert, Martin Kroh, David Richter
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Refereed essays Web of Science
We estimate the deterrence effects of European Commission (EC) merger policy instruments over the 1990–2009 period. Our empirical results suggest phase-1 remedies uniquely generate robust deterrence as—unlike phase-1 withdrawals, phase-2 remedies, and preventions—phase-1 remedies lead to fewer merger notifications in subsequent years. Furthermore, the deterrence effects of phase-1 remedies work best ...
In:
Economic Inquiry
54 (2016), 4, S. 1884-1903
| Joseph A. Clougherty, Tomaso Duso, Miyu Lee, Jo Seldeslachts
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Refereed essays Web of Science
We analyze the effects of incentive regulation with revenue caps on the investment behaviors of 109 German electricity distribution companies. We hypothesize that with Germany's implementation of incentive regulation in 2009 firms increase their investments in the base year when the rate base is determined for the following regulatory period. We build a model that controls for both firm-specific heterogeneity ...
In:
Energy Economics
57 (2016), S. 192-203
| Astrid Cullmann, Maria Nieswand
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Refereed essays Web of Science
This study examines the importance of parental health in the development of child behavior during early childhood. Our analysis is based on child psychometric measures from a longitudinal German dataset, which tracks mothers and their newborns up to age six. We identify major changes in parental health (shocks) and control for a variety of initial characteristics of the child including prenatal conditions. ...
In:
Review of Economics of the Household
14 (2016), 3, S. 577-598
| Andrea M. Mühlenweg, Franz G. Westermaier, Brant Morefield
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Refereed essays Web of Science
This paper shows how spillovers from sovereign risk to banks׳ access to wholesale funding establish a bank-sovereign nexus. In a dynamic stochastic general equilibrium set-up, heterogeneous banks give rise to an interbank market where government bonds are used as collateral. Government borrowing under limited commitment is costly ex ante as bank funding conditions tighten when the quality of collateral ...
In:
European Economic Review
87 (2016), S. 34-61
| Philipp Engler, Christoph Große Steffen
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Refereed essays Web of Science
We examine the relationship between outcomes of securities fraud class action lawsuits (SFCAs) and corporate board turnover rates. Our results indicate that turnover rates for board members are higher when a firm settles a lawsuit than when a suit is dismissed. Outside director turnover is most sensitive to SFCA outcomes, perhaps reflecting reputational effects. Results demonstrate that involvement ...
In:
International Review of Law and Economics
48 (2016), S.14-25
| Christopher F. Baum, James G. Bohn, Atreya Chakraborty
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Refereed essays Web of Science
Situated at the intersection of the literatures on speculative storage and non-renewable commodity scarcity, this paper considers whether changes in persistence have occurred in long-run U.S. prices of the energy commodities crude oil, natural gas and bituminous coal. We allow for a structural break when testing for a break in persistence to avoid a change in the stochastic properties of prices being ...
In:
Energy Economics
59 (2016), S. 96-103
| Aleksandar Zaklan, Jan Abrell, Anne Neumann
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Refereed essays Web of Science
We examine how late-life personality development relates to overall morbidity as well as specific performance-based indicators of physical and cognitive functioning in 1,232 older adults in the Berlin Aging Study II (aged 65-88 years). Latent growth models indicated that, on average, neuroticism and conscientiousness decline over time, whereas extraversion and openness increase and agreeableness remains ...
In:
Journal of Research in Personality
65 (2016), S. 94-108
| Swantje Müller, Jenny Wagner, Johanna Drewelies, Sandra Düzel, Peter Eibich, Jule Specht, Ilja Demuth, Elisabeth Steinhagen-Thiessen, Gert G. Wagner, Denis Gerstorf