Seminars

We are soliciting the first ARGE MASTERCLASS for doctoral Students and Postdoctorates of members of the ARGE (Arbeitsgemeinschaft deutscher wirtschaftswissenschaftlicher Forschungsinstitute). The Masterclass consists of a combination of lecture and four presentations. The Masterclass is given by Christiane Baumeister (University of Notre Dame; NBER; CEPR). Structural vector autoregressions are the ...

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Content:  A quick review of the panel SF models (True Random effects, 4 component models) Address endogeneity of regressors(i) a two-step approach sing expect profit max framework(ii) A single-step approach using IV Spatial SF production models with dependence via(i) output(ii) Input(s)(iii) noise term(iv) inefficiency Examples of spatial models that I plan to go through(i) crime underreporting ...

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Expectations about the future play a central role in any model of decision-making under uncertainty, and are of particular importance in macroeconomis, labor economics and political economy. This planned GC Masterclass has the goal to equip its participants with an overview of state-of-the-art methods to measure beliefs and expectations, design information interventions and design outcomes to ...

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Because of demographic change the number of vacancies that cannot be filled with native qualified personnel in Germany is getting bigger in the last decade. The shortage of skilled workers in various occupations is becoming a challenge for German labor market and social sustainability issues. Integration of migrants into the labor market also constitutes a part of the political agenda in the last ...

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Wie repräsentativ ist der Journalismus für die Gesellschaft und wie sehr unterscheiden sich die Eigenschaften und Einstellungen der Journalistinnen und Journalisten von der Gesamtbevölkerung? Welche politischen Meinungen herrschen in der Berufsgruppe vor, welche sozialen Merkmale prägen sie?Diese Fragen untersuchen wir auf Basis der Daten des Sozio-oekonomischen Panels (SOEP). Wir nutzen die ...

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This study uses administrative data on the universe of students in tertiary education in Germany and shows that university enrollment depends negatively on the local unemployment rate at high school graduation. This finding contradicts common evidence on countercyclical US undergraduate enrollment. Students' financial dependency and loan aversion suggest reduced parental income as dominant ...

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Unexpected crises, such as armed conflicts, natural disasters and pandemics require immediate government decisions on how to act to protect the population. The COVID-19 pandemic was the worst sudden onset global crisis since the Second World War, and highlighted tension between civil liberties and public health objectives. How did attitudes towards democracy respond to restrictive policy ...

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The most popular method to acquire a job is to use one's circle of acquaintances or social networks to find a position. However, in the current research, there is still no clear conclusion if this job search method has positive implications for different job outcomes such as wages. This paper studies the effects of this job search approach in the context of Germany compared to the formal ...

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*************POSTPONED*****************To promote integration, the German government enacted the Residential Obligation Act (Wohnsitzauflage) in 2016, which obliges refugees to maintain their residence in the states to which they have been assigned for a period of three years from the time they are granted asylum or temporary residence. Studies addressing this policy have found controversial ...

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Objectives: Experiencing the onset of a chronic disease is a major life event impacting living conditions and wellbeing. Using longitudinal data, this study investigates immediate and trend impacts of chronic disease onset on life satisfaction and health satisfaction. It further examines, whether healthcare access buffers the immediate wellbeing reduction after disease onset.Methods: Data were ...

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This paper exploits unique variation induced by two information treatments on a sample of German households in 2017 and 2018 to evaluate how subjective belief formation about stock market returns affects stock market participation and portfolio choice. I find that on average the information treatments do not shift individual expectations about returns significantly. Additionally, I show that ...

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This paper empirically analyses the impact of government ownership on competition. The COVID-19 pandemic and subsequent governmental equity interventions in the European airline industry provides for a particularly ideal setting to investigate this topic, and this for several reasons. First, airline markets and competition therein are well-defined and well-understood. Second, European countries ...

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Higher wage dispersion may induce unemployed workers to search longer for a job by increasing their reservation wages. This paper investigates the implications of this mechanism in a job search model featuring a finite work life, showing that a mean-preserving spread of the wage offer distribution could lead to a larger increase in reservation wages of younger than older workers because the ...

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The political consequences of refugees for receiving countries have received much attention in recent years and have sparked a burgeoning literature. However, evidence on the long-run consequences of refugees is lacking. The expulsion of 8 million Germans (so-called expellees) from Eastern Europe to post-WWII West Germany serves as a natural experiment that allows us to estimate the long-run ...

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Using recently published U.S. long-run microdata (SCF+), we document that — for people born in the first half of the 20th century — median wealth used to increase from one ten-year birth cohort to another. For people born in the second half, median wealth successively declined from cohort to cohort and wealth inequality within birth cohorts has markedly increased. Shifts in observable ...

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Advertising on e-commerce platforms, which enables third-party sellers to place their products as sponsored listings within organic results, is a widespread phenomenon, creating large revenues for online marketplaces. While economic theory suggests that advertising can serve as a signal for product quality, the empirical evidence is ambiguous. In this project, I collect data from a leading online ...

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In the absence of globally coordinated action to combat climate change, governments are concerned that ambitious carbon pricing could harm the competitiveness of emission-intensive industries. A prominent measure to prevent that manufacturing producers relocate to countries with laxer environmental regulation are carbon border adjustments often referred to as carbon tariffs. Several studies have ...

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