This study analyzes the economic consequences of power rationing at the level of German counties. Based on a common production function approach, it estimates the costs of power outages for firms and households in all counties and uses these estimates to derive hypothetical rationing plans for...

Overeducation is an often overlooked facet of untapped human resources. But who is overeducated and why? Relying on SOEP data 1984-2011, we use probit models for estimating the likelihood of entering overeducation and dynamic mixed multinomial logit models with random effects addressing state...

Impacts of extreme weather events are relevant for cities in many aspects. Cities are the cores of economic activity and the amount of people and assets endangered by extreme weather events is large, even under the current climate. A changing climate with changing extreme weather patterns and...

While trade integration is often regarded as a principal determinant of economic growth, the empirical evidence for a causal linkage between trade and growth is ambiguous. This paper argues that the effect of trade in dynamic panel estimations depends crucially on the specification of trade....

Germany's occupational and sectoral change towards a knowledge-based economy calls for high returns to education. Nevertheless, female graduates are paid much less than their male counterparts. We wonder whether overeducation affects sexes differently and whether this might answer for part of...

This paper proposes a new approach for creating country indices and applies it to the construction of an index ranking countries according to their current level of competitiveness in international goods exchange. Existing indices largely assign equal or in some other way arbitrary weights to...