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Terrorism and Voting: The Rise of Right-Wing Populism in Germany

-- joint with Marius Liebald and Guido Friebel Can right-wing terrorism increase support for far-right populist parties and if so, why? Exploiting quasi-random variation between successful and failed attacks across German municipalities, we find that successful attacks lead to significant increases in the vote share for the right-wing, populist Alternative für Deutschland (AfD) party in state...

Terrorism and Voting: The Rise of Right-Wing Populism in Germany

-- joint with Marius Liebald and Guido Friebel Can right-wing terrorism increase support for far-right populist parties, and if so, why? Exploiting quasi-random variation between successful and failed attacks across German municipalities, we find that successful attacks lead to significant increases in the vote share for the right-wing, populist Alternative für Deutschland (AfD) party. Our...

Wie ticken die Journalistinnen und Journalisten in Deutschland? Eine empirische Analyse von Persönlichkeitsmerkmalen und politischen Einstellungen auf Basis des Sozio-oekonomischen Panels (SOEP)

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...

Big Five Personality and Religiosity: Bidirectional Cross-Lagged Effects and Their Moderation by Culture

Objective: Personality has long been assumed to be a cause of religiosity, not a consequence. Yet, recent research suggests that religiosity may well cause personality change. Consequently, longitudinal research is required that examines the bi-directionality between personality and religiosity. The required research must also attend to cultural religiosity—a critical moderator in previous cross-sectional ...

The Development of the Rank-Order Stability of the Big Five across the Life Span

Several studies have suggested that the rank-order stability of personality increases until midlife and declines later in old age. However, this inverted U-shaped pattern has not consistently emerged in previous research; in particular, a recent investigation implementing several methodological advances failed to support it. To resolve the matter, we analyzed data from two representative panel studies ...

CRC Workshop: Expectations and Behavior

Subjective belief formation and stock market participation in Germany

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...

The Long Run Impact of Expulsion of Germans (1944-1950) on Anti-Refugee Voting

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...

The Economic Determinants of Bitterness – Evidence from Plant Closures in Germany

-- joint with Panu Poutvaara and Max Steinhardt This study analyzes the determinants of bitterness, which describes a feeling of not having achieved what one deserves compared to others. First, we perform pooled OLS and fixed effects regressions, showing that bitterness is associated with various economic and non-economic factors, whereby the effect of unemployment stands out. Therefore, in the...

Subjective Belief Formation and Stock Market Participation in Germany.

This paper investigates the unique ways in which individuals assimilate new information into their beliefs about stock returns and examines the consequences of heterogeneous information processing on savings and investment decisions. Utilizing two exogenous information treatments from 2017 and 2018 surveys of German households, I discover that individuals' short-term return expectations shift by...