The OECD recommends its member countries implement national strategies for financial education. Many other countries, such as China and India, also have such strategies, whereas Germany does not. The strongest reason for rejecting such a strategy is the supposition that financial education...

Mallorca is the most popular foreign travel destination for German tourists, with almost five million flying to the Balearic island every year. However, the coronavirus pandemic brought passenger air traffic to a virtual standstill in March 2020. Flights to Mallorca resumed in June 2020, but the...

This study is the first to investigate the interdependence of income inequality and business cycles in Germany over the past 40 years. These fluctuations in income inequality are important because they are decisive for designing effective and targeted structural redistributive and stabilization...

With the closure of the final six nuclear power plants, the commercial use of nuclear energy for electricity generation in Germany will come to an end in 2022. Due to the German power system's sufficient capacities-in 2020, the sector exported 20 terawatt hours (TWh), or about four percent of...

Using a new SOEP-IS data module on digitalization including information on the prevalence of AI use in the workplace, this report shows that the term "artificial intelligence" often remains inscrutable in the day-to-day work of many employees. When asked directly about the use of digital systems...

Childcare workers are essential for both families and society at large, and their working conditions and pay are often a topic of discussion. Using new data spanning until the end of 2019 from the Socio-Economic Panel (SOEP) as well as a special SOEP additional survey in day care centers, this...

The spread of the coronavirus worldwide is exerting considerable pressure on the economy. Compounded by the lack of quality data, model uncertainty, and uncertainty over government responses, economic forecasts are subject to even greater uncertainty than usual. It is difficult to predict how...

As the German constitution aims for equal living conditions, a huge number of political measures to enhance the conditions in the new states were undertaken after unification (known as the "Aufbau Ost"). In the new states, expenditure per capita rose significantly over the average expenditure of...

Two traditional options for reforming Ehegattensplitting, the joint taxation of married couples with full income splitting, are de facto income splitting (Realsplitting) or individual taxation with a transferable personal allowance. However, these proposals do not significantly reduce the...