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Financial risk aversion and household asset diversification

Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - 2008

This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first examine the impact of manifested risk aversion on the total number of distinct assets held in a portfolio (naive diversification). The second part of the paper focuses on a more...

Persistent link: https://www.econbiz.de/10010291769

Bad bank(s) and recapitalization of the banking sector

Schäfer, Dorothea; Zimmermann, Klaus F. - 2009

With banking sectors worldwide still suffering from the effects of the financial crisis, public discussion of plans to place toxic assets in one or more bad banks has gained steam in recent weeks. The following paper presents a plan how governments can efficiently relieve ailing banks from toxic...

Persistent link: https://www.econbiz.de/10010291776

What makes an entrepreneur and does it pay? Native men, Turks, and other migrants in Germany

Zimmermann, Klaus F.; Shachmurove, Yochanan; Constant, … - 2003

This paper focuses on the entrepreneurial endeavors of immigrants and natives in Germany. We pay closer attention to … Germany represent about 70% of all Turkish entrepreneurs in the European Union. We identify the characteristics of the self …

Persistent link: https://www.econbiz.de/10010324207

What Causes Cross-industry Differences of Technical Efficiency? An Empirical Investigation

Fritsch, Michael; Stephan, Andreas - 2004

Using micro-level panel data of about 35,000 firms from the German Cost Structure Census, we analyze the differences of technical efficiency across industries. Technical efficiency is estimated by firms? fixed effects. One striking result is that the distribution of technical efficiency across...

Persistent link: https://www.econbiz.de/10010324228

What drives the productive efficiency of a firm? The importance of industry, location, R&D, and size

Badunenko, Oleg; Fritsch, Michael; Stephan, Andreas - 2008

This paper investigates the factors that explain the level and dynamics of manufacturing firm productive efficiency. In our empirical analysis, we use a unique sample of about 39,000 firms in 256 industries from the German Cost Structure Census over the years 1992-2005. We estimate the...

Persistent link: https://www.econbiz.de/10010324257

Naturalization proclivities, ethnicity and integration

Constant, Amelie F.; Gataullina, Liliya; Zimmermann, … - 2007

This paper studies the determinants of naturalization among Turkish and ex-Yugoslav immigrants in Germany …, but not to those educated in Germany. We find that the degree of integration in German society has a differential effect … on citizenship acquisition. While a longer residence in Germany has a negative influence on actual or future …

Persistent link: https://www.econbiz.de/10010264991

Anreize wirken: Deutsche Wirtschaftsforschungsinstitute im Aufwind

Ketzler, Rolf; Zimmermann, Klaus F. - 2008

Vor zehn Jahren hat der deutsche Wissenschaftsrat mit seiner Forderung nach einer Verstärkung der akademischen Forschungsleistungen an den deutschen Wirtschaftsforschungsinstituten einen Regimewechsel eingeleitet. Der Anstoß wurde von der Leibniz-Gemeinschaft, der Dachgesellschaft der...

Persistent link: https://www.econbiz.de/10010264993

Work and money: payoffs by ethnic identity and gender

Constant, Amelie F.; Zimmermann, Klaus F. - 2009

immigrants in Germany show that ethnic identity is important for the decision to work and significantly and differentially …

Persistent link: https://www.econbiz.de/10010271143

Google econometrics and unemployment forecasting

Askitas, Nikolaos; Zimmermann, Klaus F. - 2009

The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword...

Persistent link: https://www.econbiz.de/10010271149

Ethnicity, job search and labor market reintegration of the unemployed

Constant, Amelie F.; Kahanec, Martin; Rinne, Ulf; … - 2009

in Germany. Our data include a large number of migration variables, allowing us to adapt a recently developed concept of … Germany. Our results indicate that separated migrants have a relatively slow reintegration into the labor market. We explain …

Persistent link: https://www.econbiz.de/10010271156