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The Forward Premium Puzzle and Latent Factors Day by Day
Bernoth, Kerstin - 2010
We use futures instead of forward rates to study the complete maturity spectrum of the forward premium puzzle from two days to six months. At short maturities the slope coefficient is positive, but these turn negative as the maturity increases to the monthly level. Futures data allow us to...
Persistent link: https://www.econbiz.de/10013141467
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Do Regions with Entrepreneurial Neighbors Perform Better? A Spatial Econometric Approach for German Regions
Pijnenburg, Katharina - 2011
We use a neoclassical production function to analyze the effects of knowledge spillovers via entrepreneurship on economic performance of 337 German districts. To take the spatial dependence structure of the data into account, we estimate a spatial Durbin model. We highlight the importance of the...
Persistent link: https://www.econbiz.de/10013129239
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How Strongly Did the 2007/08 Oil Price Hike Contribute to the Subsequent Recession?
Carstensen, Kai - 2011
What were the economic consequences of the 2007/08 oil price hike for Germany? In this paper we use a structural vector …
Persistent link: https://www.econbiz.de/10013129250
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Corporate Taxation and Investment : Explaining Investment Dynamics with Firm-Level Panel Data
Dwenger, Nadja - 2011
Using a firm-level panel data set I assess whether dynamic models of investment provide an empirically fruitful framework for analyzing tax effects on changes in capital stock. In particular I estimate a one-step error correction model (ECM) complementing the usual estimation of a distributed...
Persistent link: https://www.econbiz.de/10013134247
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Social Networks, Job Search Methods and Reservation Wages : Evidence for Germany
Caliendo, Marco - 2010
novel data set of unemployed individuals in Germany containing extensive information on job search behavior and direct …
Persistent link: https://www.econbiz.de/10013138001
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Household Savings Decision and Income Uncertainty
Beznoska, Martin - 2010
This paper empirically investigates the effects of changes in the interest rate as well as transitory income uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the uncompensated interest rate elasticity for savings, in...
Persistent link: https://www.econbiz.de/10013138012
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Does Intermarriage Pay Off? A Panel Data Analysis
Nottmeyer, Olga - 2010
Taking advantage of the panel structure of the data, the impact of intermarriage on labor market productivity as measured by earnings is examined. Contrarily to previous studies which rely on instrumental variable techniques, selection issues are addressed within a fixed effects framework. The...
Persistent link: https://www.econbiz.de/10013139272
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20 Years of German Unification : Evidence on Income Convergence and Heterogeneity
Brück, Tilman - 2012
We analyse the convergence and heterogeneity of living standards between East and West Germany since unification. Based …, including retirees and the unemployed, of East and West Germany over the fifteen years for which data are available. Using a … highest negative income gap. This probably reflects out-migration from East Germany by the young and highly skilled. On the …
Persistent link: https://www.econbiz.de/10013116693
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Total Instructional Time Exposure and Student Achievement : An Extreme Bounds Analysis Based on German State-Level Variation
Mandel, Philipp - 2011
Using pooled data on instructional time and student performance by subject, our study finds evidence for the school inputs-student achievement relationship for German states. This finding is robust both to the inclusion of state fixed effects and in an extensive extreme bounds analysis. It...
Persistent link: https://www.econbiz.de/10013120234
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Should Local Public Employment Services Be Merged with the Local Social Benefit Administrations?
Holzner, Christian - 2011
The German Federal government has allowed some regions (Approved Local Providers) to be solely responsible for the care of long-term unemployed. The remaining regions had to form Joint Local Agencies, where the local social benefit administrations work together with the local public employment...
Persistent link: https://www.econbiz.de/10013124387