The COVID-19 pandemic is characterized by social distancing regulations in many countries. At a first glance, such regulations seem to harm residents’ networking, their volunteering, trust, cohesion building activities, etc. which are important facets of social capital. In this study, we...

This paper studies the effect of labor market institutions on the cyclicality of labor productivity and aggregate fluctuations in Italy. It uses a New Keynesian model with labor market frictions and labor effort when two wage bargaining settings (efficient Nash and rightto-manage) interact with...

Mobile applications hold promise to foster sustainable mobility behavior, but evaluations of their effectiveness are subject to a number of empirical challenges. We conduct a randomized controlled trial with three distinctive features: unobtrusive tracking of the control group, limited sample...

Domestic violence procedures, like so many court processes around the world, were forced to go online and remote during the pandemic. The impact was dramatic—there were fewer restraining order petitions filed in the first place and an even lower amount granted. In short, domestic violence...

Die deutsche Wirtschaft hat die Ausgaben für Innovationen im Jahr 2021 deutlich um 4,7 Prozent auf 178,6 Milliarden Euro gesteigert. Damit wurde der Rückgang aus dem Jahr 2020 - damals sanken die Innovationsausgaben pandemiebedingt um 3,6 Prozent auf 170,5 Milliarden Euro - wettgemacht. Das...

Evaluations of economic interventions usually focus on one target behavior. This study extends the evaluation scope to multiple untargeted behaviors. We evaluate a hot water saving intervention in a natural field experiment. Despite an exclusive focus on hot water, the intervention changes...

What are the effects of recent advances in Generative AI on the value of firms? Our study offers a quantitative answer to this question for U.S. publicly traded companies based on the exposures of their workforce to Generative AI. Our novel firm-level measure of workforce exposure to Generative...

The estimation of the holding periods of financial products has to be done in a dynamic process in which the size of the observation time interval influences the result. Small intervals will produce smaller average holding periods than bigger ones. The approach developed in this paper offers the...