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Inequality in an OLG economy with heterogeneous cohorts and pension systems
Tyrowicz, Joanna; Makarski, Krzysztof; Bielecki, Marcin - 2018
We analyze the consumption and wealth inequality in an OLG model with mandatory pension systems. Our framework features within cohort heterogeneity of endowments and heterogeneity of preferences. We allow for population aging and gradual decline in TFP growth. We show four main results. First,...
Persistent link: https://www.econbiz.de/10011872162
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On welfare effects of increasing retirement age
Makarski, Krzysztof; Tyrowicz, Joanna - 2018
We develop an OLG model with realistic assumptions about longevity to analyze the welfare effects of raising the retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario with defined contribution schemes (funded or notional)....
Persistent link: https://www.econbiz.de/10011812259
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Gender identity and womens' supply of labor and non-market work : panel data evidence for Germany
Wieber, Anna; Holst, Elke - 2015
Germany. They found that women who would earn more than their husbands distort their labor market outcome in order not to … labor supply of full time working women, but only in Western Germany. We also show that gender identity affects the supply … a higher income than their husbands, we find for Germany that women only barely reduce their weekly hours of non …
Persistent link: https://www.econbiz.de/10011391706
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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
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20 Years of German unification : evidence on income convergence and heterogeneity
Brück, Tilman; Peters, Heiko - 2009
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/10011636013
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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
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Switching on electricity demand response : evidence for German households
Frondel, Manuel; Kussel, Gerhard - 2018
changes conditional on price knowledge is scant. Using panel data originating from Germany’s Residential Energy Consumption …
Persistent link: https://www.econbiz.de/10011897241
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The German productivity paradox : facts and explanations
Elstner, Steffen; Feld, Lars P.; Schmidt, Christoph M. - 2018
Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth. This paper analyzes the reasons behind this disconcerting development. A major factor is the turnaround of the labor market that commenced around 2005. The successful...
Persistent link: https://www.econbiz.de/10011897954
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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
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On marginal and interaction effects : the case of Heckit and Two-Part Models
Frondel, Manuel; Vance, Colin - 2009
employed censored regression models. Drawing on a survey of automobile use from Germany, we argue that while it is important to …
Persistent link: https://www.econbiz.de/10003884965