Die vorliegende Dissertation besteht aus fünf voneinander unabhängigen Papieren, die zwei größeren Forschungsfelder abdecken: die Ökonomie des Alterns und die Innovationsökonomik. Die ersten drei Kapitel betrachten den Einfluss der Interaktion zwischen Generationen auf die Eltern...

This paper provides a detailed decomposition analysis of rising lifetime earnings inequality in Germany using individual employment biographies constructed from high-quality administrative data. The results show that significant parts of rising lifetime earnings inequality among West German men...

In this paper we introduce an additive two-factor model for electricity futures prices based on Normal Inverse Gaussian Lévy processes, that fulfills a no-overlapping-arbitrage (NOA) condition. We compute European option prices by Fourier transform methods, introduce a specific calibration...

The wage effects of fixed-term contracts (FTCs) are analysed with the GSOEP for West Germany. Different estimators which take into account selection bias are used. It is shown that propensity score matching estimators which are usually applied for the evaluation of active labour market...

This text evaluates the empirical models of the Term Structure of Interest Rates (TSIR), comparing the resulting estimates regarding goodness-of-fit, robustness to outliers, and smoothness. In addition to the descriptive statistics on these metrics, the Friedman test and the multiple comparison...