Consumer policy should protect consumers where they cannot protect themselves. Therefore, the knowledge of actual consumer behavior is a necessary condition for the effective design of measures involving consumer policy. Particularly when dealing with financial services that mainly rely on...

During the first years of their existence both the research data centre of the Federal Statistical Office and the statistical offices of the Länder have managed to implement a data infrastructure in Germany, which allows a wide range of scientific analyses of microdata in all fields of official...

This paper investigates whether people’s ability to withstand and adapt to one of the most important economic shocks – job loss – is determined early on in childhood. Using nationally representative longitudinal data that tracks almost 3,000 children into adulthood, we show that the...

The world-wide inflation in executive compensation in recent years has been accompanied by an increase in the prevalence of long-term incentives. This article demonstrates how the subjectively perceived value of long-term incentives is affected by risk aversion, uncertainty aversion, and time...

We conduct a controlled lab-field experiment to directly test the short-run spillover effects of one-off financial incentives in health. We consider how incentives affect effort in a physical activity task – and then how they spillover to subsequent eating behaviour. Compared to a control...

This article analyzes the heterogeneity of firms within industries in regard to their level of technical efficiency. The data is taken from the cost structure census of manufacturing industries in Germany. We estimate the technical efficiency as a firm-specific fixed effect within a translog...