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The political economy of public investment when population is aging : a panel cointegration analysis

Jäger, Philipp; Schmidt, Torsten - 2015

aging on public investment. Moreover, the estimation of an error correction model reveals long-run Granger causality running … exclusively from aging to investment. Our results are robust to the inclusion of additional control variables typically considered …

Persistent link: https://www.econbiz.de/10010519083

Pension incentives and labor supply : evidence from the introduction of universal old-age assistance in the UK

Giesecke, Matthias; Jäger, Philipp - 2020

In dieser Studie untersuchen wir wie das Arbeitsangebot und die gesellschaftliche Wohlfahrt auf die Einführung einer …

Persistent link: https://www.econbiz.de/10012206620

Can pensions save lives? : evidence from the introduction of old-age assistance in the UK

Jäger, Philipp - 2023

I study the impact of old-age assistance on mortality using the introduction of public pensions in the UK in 1909 as a quasi-natural experiment. Exploiting the newly created pension eligibility age through a difference-in-difference as well as an event-time design, I show that elderly mortality...

Persistent link: https://www.econbiz.de/10014235352

Bismarck in the bedroom? : pension reform and fertility : evidence 1870-2010

Jäger, Philipp - 2017

Rising public pension generosity has frequently been cited as one reason for the (persistently) declining fertility rates in many advanced economies. Despite the theoretical appeal, empirical evidence on the pension-fertility nexus is limited. To fill this gap, I study country-level fertility...

Persistent link: https://www.econbiz.de/10011608047

Aging and real estate prices in Germany

Breidenbach, Philipp; Jäger, Philipp; Taruttis, Lisa - 2022

robust empirical evidence that population aging depresses real estate prices and rents. Using millions of individual real … have been up to 12% higher, if the population age distribution had been the same as in 2008. We show that population aging … demand for living space and live-cycle dissaving are driving our results. We predict that population aging will continue to …

Persistent link: https://www.econbiz.de/10013415857

Risk perception of climate change : empirical evidence for Germany

Frondel, Manuel; Simora, Michael; Sommer, Stephan - 2017

The perception of risks associated with climate change appears to be a key factor for the support of climate policy measures. Using a generalized ordered logit approach and drawing on a unique data set originating from two surveys conducted in 2012 and 2014, each among more than 6,000 German...

Persistent link: https://www.econbiz.de/10011608005

Heterogeneity in residential electricity consumption : a quantile regression approach

Frondel, Manuel; Sommer, Stephan; Vance, Colin - 2017

Drawing on the most recent wave of the German Residential Energy Survey (GRECS), this paper estimates the contribution of individual appliances to household electricity consumption. Moving beyond the standard focus of estimating mean effects, we combine the conditional demand approach with...

Persistent link: https://www.econbiz.de/10011764517

Switching on electricity demand response : evidence for German households

Frondel, Manuel; Kussel, Gerhard - 2018

Empirical evidence on households' awareness of electricity prices and potentially divergent demand responses to price changes conditional on price knowledge is scant. Using panel data originating from Germany’s Residential Energy Consumption Survey (GRECS), we fill this void by employing an...

Persistent link: https://www.econbiz.de/10011897241

Heterogeneity in the price response of residential electricity demand : a dynamic approach for Germany

Frondel, Manuel; Kussel, Gerhard; Sommer, Stephan - 2018

To provide the basis for evaluating the effectiveness of price policies, this paper contributes to the literature by estimating the heterogeneity in the response of residential electricity demand to price increases across household types. Drawing on household panel data from the German...

Persistent link: https://www.econbiz.de/10011962567

On marginal and interaction effects : the case of Heckit and Two-Part Models

Frondel, Manuel; Vance, Colin - 2009

Interaction effects capture the impact of one explanatory variable x1 on the marginal effect of another explanatory variable x2. To explore interaction effects, so-called interaction terms x1x2 are typically included in estimation specifications. While in linear models the effect of a marginal...

Persistent link: https://www.econbiz.de/10003884965