@phdthesis{Šedova2022, author = {Šedov{\´a}, Barbora}, title = {Heterogeneous effects of weather and climate change on human migration}, doi = {10.25932/publishup-53673}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-536733}, school = {Universit{\"a}t Potsdam}, pages = {xix, 284}, year = {2022}, abstract = {While estimated numbers of past and future climate migrants are alarming, the growing empirical evidence suggests that the association between adverse climate-related events and migration is not universally positive. This dissertation seeks to advance our understanding of when and how climate migration emerges by analyzing heterogeneous climatic influences on migration in low- and middle-income countries. To this end, it draws on established economic theories of migration, datasets from physical and social sciences, causal inference techniques and approaches from systematic literature review. In three of its five chapters, I estimate causal effects of processes of climate change on inequality and migration in India and Sub-Saharan Africa. By employing interaction terms and by analyzing sub-samples of data, I explore how these relationships differ for various segments of the population. In the remaining two chapters, I present two systematic literature reviews. First, I undertake a comprehensive meta-regression analysis of the econometric climate migration literature to summarize general climate migration patterns and explain the conflicting findings. Second, motivated by the broad range of approaches in the field, I examine the literature from a methodological perspective to provide best practice guidelines for studying climate migration empirically. Overall, the evidence from this dissertation shows that climatic influences on human migration are highly heterogeneous. Whether adverse climate-related impacts materialize in migration depends on the socio-economic characteristics of the individual households, such as wealth, level of education, agricultural dependence or access to adaptation technologies and insurance. For instance, I show that while adverse climatic shocks are generally associated with an increase in migration in rural India, they reduce migration in the agricultural context of Sub-Saharan Africa, where the average wealth levels are much lower so that households largely cannot afford the upfront costs of moving. I find that unlike local climatic shocks which primarily enhance internal migration to cities and hence accelerate urbanization, shocks transmitted via agricultural producer prices increase migration to neighboring countries, likely due to the simultaneous decrease in real income in nearby urban areas. These findings advance our current understanding by showing when and how economic agents respond to climatic events, thus providing explicit contexts and mechanisms of climate change effects on migration in the future. The resulting collection of findings can guide policy interventions to avoid or mitigate any present and future welfare losses from climate change-related migration choices.}, language = {en} } @phdthesis{Ziemann2022, author = {Ziemann, Niklas}, title = {Four essays on the role of distance for economic decision-making}, doi = {10.25932/publishup-59107}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-591073}, school = {Universit{\"a}t Potsdam}, pages = {xii, 128}, year = {2022}, abstract = {Distances affect economic decision-making in numerous situations. The time at which we make a decision about future consumption has an impact on our consumption behavior. The spatial distance to employer, school or university impacts the place where we live and vice versa. The emotional closeness to other individuals influences our willingness to give money to them. This cumulative thesis aims to enrich the literature on the role of distance for economic decision-making. Thereby, each of my research projects sheds light on the impact of one kind of distance for efficient decision-making.}, language = {en} } @techreport{Ziemann2022, type = {Working Paper}, author = {Ziemann, Niklas}, title = {You will receive your money next week!}, series = {CEPA Discussion Papers}, journal = {CEPA Discussion Papers}, number = {56}, address = {Potsdam}, issn = {2628-653X}, doi = {10.25932/publishup-56398}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-563983}, pages = {24}, year = {2022}, abstract = {Against the background of the increasingly discussed "Linguistic Saving Hypothesis" (Chen, 2013), I studied whether the targeted use of a present tense (close tense) and a future tense (distant tense) within the same language have an impact on intertemporal decision-making. In a monetarily incentivized laboratory experiment in Germany, I implemented two different treatments on intertemporal choices. The treatments differed in the tense in which I referred to future rewards. My results show that individuals prefer to a greater extent rewards which are associated with a present tense (close tense). This result is in line with my prediction and the first empirical support for the Linguistic Saving Hypothesis within one language. However, this result holds exclusively for males. Females seem to be unaffected by the linguistic manipulation. I discuss my findings in the context of "gender-as-culture" as well as their potential policy-implications.}, language = {en} } @phdthesis{Wozny2019, author = {Wozny, Florian}, title = {Three empirical essays in health economics}, doi = {10.25932/publishup-46991}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-469910}, school = {Universit{\"a}t Potsdam}, pages = {200}, year = {2019}, abstract = {Modern health care systems are characterized by pronounced prevention and cost-optimized treatments. This dissertation offers novel empirical evidence on how useful such measures can be. The first chapter analyzes how radiation, a main pollutant in health care, can negatively affect cognitive health. The second chapter focuses on the effect of Low Emission Zones on public heath, as air quality is the major external source of health problems. Both chapters point out potentials for preventive measures. Finally, chapter three studies how changes in treatment prices affect the reallocation of hospital resources. In the following, I briefly summarize each chapter and discuss implications for health care systems as well as other policy areas. Based on the National Educational Panel Study that is linked to data on radiation, chapter one shows that radiation can have negative long-term effects on cognitive skills, even at subclinical doses. Exploiting arguably exogenous variation in soil contamination in Germany due to the Chernobyl disaster in 1986, the findings show that people exposed to higher radiation perform significantly worse in cognitive tests 25 years later. Identification is ensured by abnormal rainfall within a critical period of ten days. The results show that the effect is stronger among older cohorts than younger cohorts, which is consistent with radiation accelerating cognitive decline as people get older. On average, a one-standarddeviation increase in the initial level of CS137 (around 30 chest x-rays) is associated with a decrease in the cognitive skills by 4.1 percent of a standard deviation (around 0.05 school years). Chapter one shows that sub-clinical levels of radiation can have negative consequences even after early childhood. This is of particular importance because most of the literature focuses on exposure very early in life, often during pregnancy. However, population exposed after birth is over 100 times larger. These results point to substantial external human capital costs of radiation which can be reduced by choices of medical procedures. There is a large potential for reductions because about one-third of all CT scans are assumed to be not medically justified (Brenner and Hall, 2007). If people receive unnecessary CT scans because of economic incentives, this chapter points to additional external costs of health care policies. Furthermore, the results can inform the cost-benefit trade-off for medically indicated procedures. Chapter two provides evidence about the effectiveness of Low Emission Zones. Low Emission Zones are typically justified by improvements in population health. However, there is little evidence about the potential health benefits from policy interventions aiming at improving air quality in inner-cities. The chapter ask how the coverage of Low Emission Zones air pollution and hospitalization, by exploiting variation in the roll out of Low Emission Zones in Germany. It combines information on the geographic coverage of Low Emission Zones with rich panel data on the universe of German hospitals over the period from 2006 to 2016 with precise information on hospital locations and the annual frequency of detailed diagnoses. In order to establish that our estimates of Low Emission Zones' health impacts can indeed be attributed to improvements in local air quality, we use data from Germany's official air pollution monitoring system and assign monitor locations to Low Emission Zones and test whether measures of air pollution are affected by the coverage of a Low Emission Zone. Results in chapter two confirm former results showing that the introduction of Low Emission Zones improved air quality significantly by reducing NO2 and PM10 concentrations. Furthermore, the chapter shows that hospitals which catchment areas are covered by a Low Emission Zone, diagnose significantly less air pollution related diseases, in particular by reducing the incidents of chronic diseases of the circulatory and the respiratory system. The effect is stronger before 2012, which is consistent with a general improvement in the vehicle fleet's emission standards. Depending on the disease, a one-standard-deviation increase in the coverage of a hospitals catchment area covered by a Low Emission Zone reduces the yearly number of diagnoses up to 5 percent. These findings have strong implications for policy makers. In 2015, overall costs for health care in Germany were around 340 billion euros, of which 46 billion euros for diseases of the circulatory system, making it the most expensive type of disease caused by 2.9 million cases (Statistisches Bundesamt, 2017b). Hence, reductions in the incidence of diseases of the circulatory system may directly reduce society's health care costs. Whereas chapter one and two study the demand-side in health care markets and thus preventive potential, chapter three analyzes the supply-side. By exploiting the same hospital panel data set as in chapter two, chapter three studies the effect of treatment price shocks on the reallocation of hospital resources in Germany. Starting in 2005, the implementation of the German-DRG-System led to general idiosyncratic treatment price shocks for individual hospitals. Thus far there is little evidence of the impact of general price shocks on the reallocation of hospital resources. Additionally, I add to the exiting literature by showing that price shocks can have persistent effects on hospital resources even when these shocks vanish. However, simple OLS regressions would underestimate the true effect, due to endogenous treatment price shocks. I implement a novel instrument variable strategy that exploits the exogenous variation in the number of days of snow in hospital catchment areas. A peculiarity of the reform allowed variation in days of snow to have a persistent impact on treatment prices. I find that treatment price increases lead to increases in input factors such as nursing staff, physicians and the range of treatments offered but to decreases in the treatment volume. This indicates supplier-induced demand. Furthermore, the probability of hospital mergers and privatization decreases. Structural differences in pre-treatment characteristics between hospitals enhance these effects. For instance, private and larger hospitals are more affected. IV estimates reveal that OLS results are biased towards zero in almost all dimensions because structural hospital differences are correlated with the reallocation of hospital resources. These results are important for several reasons. The G-DRG-Reform led to a persistent polarization of hospital resources, as some hospitals were exposed to treatment price increases, while others experienced reductions. If hospitals increase the treatment volume as a response to price reductions by offering unnecessary therapies, it has a negative impact on population wellbeing and public spending. However, results show a decrease in the range of treatments if prices decrease. Hospitals might specialize more, thus attracting more patients. From a policy perspective it is important to evaluate if such changes in the range of treatments jeopardize an adequate nationwide provision of treatments. Furthermore, the results show a decrease in the number of nurses and physicians if prices decrease. This could partly explain the nursing crisis in German hospitals. However, since hospitals specialize more they might be able to realize efficiency gains which justify reductions in input factors without loses in quality. Further research is necessary to provide evidence for the impact of the G-DRG-Reform on health care quality. Another important aspect are changes in the organizational structure. Many public hospitals have been privatized or merged. The findings show that this is at least partly driven by the G-DRG-Reform. This can again lead to a lack in services offered in some regions if merged hospitals specialize more or if hospitals are taken over by ecclesiastical organizations which do not provide all treatments due to moral conviction. Overall, this dissertation reveals large potential for preventive health care measures and helps to explain reallocation processes in the hospital sector if treatment prices change. Furthermore, its findings have potentially relevant implications for other areas of public policy. Chapter one identifies an effect of low dose radiation on cognitive health. As mankind is searching for new energy sources, nuclear power is becoming popular again. However, results of chapter one point to substantial costs of nuclear energy which have not been accounted yet. Chapter two finds strong evidence that air quality improvements by Low Emission Zones translate into health improvements, even at relatively low levels of air pollution. These findings may, for instance, be of relevance to design further policies targeted at air pollution such as diesel bans. As pointed out in chapter three, the implementation of DRG-Systems may have unintended side-effects on the reallocation of hospital resources. This may also apply to other providers in the health care sector such as resident doctors.}, language = {en} } @phdthesis{Wittbrodt2022, author = {Wittbrodt, Linda}, title = {Minimum wage effects in Germany and Europe - four essays}, doi = {10.25932/publishup-55697}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-556977}, school = {Universit{\"a}t Potsdam}, pages = {viii, 184}, year = {2022}, abstract = {Am 1. Januar 2015 wurde in Deutschland ein allgemeiner gesetzlicher Mindestlohn in H{\"o}he von 8,50 € brutto pro Stunde eingef{\"u}hrt. Diese Dissertation widmet sich den Auswirkungen der Mindestlohneinf{\"u}hrung in Deutschland sowie Lohnuntergrenzen im Europ{\"a}ischen Kontext und tr{\"a}gt damit zur nationalen und internationalen Forschung bei. Das zweite Kapitel dieser Arbeit fasst die in bisherigen Studien herausgearbeiteten kurzfristigen Effekte der Mindestlohnreform in einem {\"U}berblick zusammen. Es zeigt sich, dass die Mindestlohneinf{\"u}hrung einen deutlich positiven Effekt auf die L{\"o}hne am unteren Ende der Verteilung hatte. Allerdings wies kurz nach der Reform noch ein nicht unerheblicher Anteil der Besch{\"a}ftigungsverh{\"a}ltnisse L{\"o}hne unter 8,50 € auf. Weiterhin deutet die Evidenz auf geringe negative Besch{\"a}ftigungseffekte hin, welche durch eine Reduktion von Minijobs getrieben ist. Entgegen der Erwartungen konnten jedoch in der kurzen Frist keine Effekte auf Armut und allgemeine Ungleichheit gefunden werden. Dies h{\"a}ngt insbesondere mit der Tatsache zusammen, dass Arbeitsstunden reduziert wurden und sich die Stundenlohnerh{\"o}hung daher nicht auf die Monatsl{\"o}hne niederschlug. Das dritte Kapitel geht der Frage nach, ob die im Vorfeld prognostizierten Arbeitsplatzverluste im Zuge der Reform kurzfristig eingetreten sind und welche Art der Besch{\"a}ftigung davon gegebenenfalls st{\"a}rker betroffen war. Zur empirischen Identifikation der Effekte wird in diesem (sowie im vierten Kapitel) ein regionaler Differenzen-von-Differenzen-Ansatz verwendet, mit dem die Auswirkungen auf regul{\"a}re Besch{\"a}ftigung (Teil- und Vollzeit) sowie Minijobs gesch{\"a}tzt werden. Unsere Ergebnisse deuten darauf hin, dass der Mindestlohn die Gesamtbesch{\"a}ftigung leicht reduziert hat, was im Wesentlichen auf einen R{\"u}ckgang von Minijobs zur{\"u}ckzuf{\"u}hren ist. Das vierte Kapitel schließt methodisch an das vorige an. Seine Motivation ergibt sich aus der Beobachtung, dass Frauen unter den Niedriglohnempf{\"a}nger:innen h{\"a}ufig {\"u}berrepr{\"a}sentiert sind. Die prim{\"a}re Forschungsfrage in diesem Kapitel ist daher, ob der Mindestlohn zu einer Verringerung der geschlechterspezifischen Lohnl{\"u}cke gef{\"u}hrt hat. Dazu identifizieren wir die Effekte auf die Lohnl{\"u}cke am 10. und 25. Perzentil sowie beim Mittelwert der zugrundeliegenden geschlechtsspezifischen Lohnverteilungen. Unsere Ergebnisse zeigen, dass - verglichen mit Regionen mit niedriger Eingriffstiefe - die geschlechtsspezifische Lohnl{\"u}cke am 10. Perzentil f{\"u}r mindestlohnberechtigte Besch{\"a}ftigte in Regionen mit hoher Eingriffstiefe um 4,6 Prozentpunkte gesunken ist. Wir sch{\"a}tzen, dass dies eine Reduktion um 32\\% im Vergleich zu 2014 bedeutet. Am 25. Perzentil und am Mittelwert sind die Auswirkungen geringer und nicht gleichermaßen robust. Das f{\"u}nfte Kapitel beh{\"a}lt den geschlechterspezifischen Fokus auf die Mindestlohneffekte bei. Im Vergleich zum Rest der Dissertation weitet es jedoch den Blick auf andere L{\"a}nder der Europ{\"a}ischen Union. Gem{\"a}ß der f{\"u}r das vorangegangene Kapitel dargelegten {\"U}berlegungen, k{\"o}nnten Frauen potenziell besonders von einem Mindestlohn profitieren. Dies k{\"o}nnte jedoch auch bedeuten, dass sie dadurch auch {\"o}fter von Arbeitsplatzverlusten oder Arbeitszeitverk{\"u}rzungen betroffen sind. Dieses Kapitel res{\"u}miert daher einerseits vorhandene Evidenz aus EU-Staaten, die sich auf den Zusammenhang zwischen Lohnuntergrenzen und der geschlechtsspezifischen Lohnl{\"u}cke bezieht. Dar{\"u}ber hinaus enth{\"a}lt es eine systematische Zusammenfassung von Studien, die den Einfluss von Mindestl{\"o}hnen auf Besch{\"a}ftigungsverluste oder Arbeitszeitver{\"a}nderungen untersuchen, von denen insbesondere Frauen betroffen sind. Es zeigen sich Hinweise, dass h{\"o}here Lohnuntergrenzen mit einer geringeren geschlechtsspezifischen Lohnl{\"u}cke verbunden sind. Hinsichtlich der Besch{\"a}ftigung scheinen Frauen nicht per se gr{\"o}ßere Besch{\"a}ftigungsverluste zu erleiden als M{\"a}nner. Allerdings zeigen Studien, dass sich der Mindestlohn hier besonders auf Teilzeitbesch{\"a}ftigte auswirkt. Es ist daher nicht auszuschließen, dass der negative Zusammenhang zwischen dem Mindestlohn und dem geschlechtsspezifischen Lohngef{\"a}lle mit den Arbeitsplatzverlusten dieser schlechter bezahlten, oft weiblichen Teilzeitbesch{\"a}ftigten zusammenh{\"a}ngt. Diese spezifische Form der Arbeit sollte daher im Zusammenhang mit dem Mindestlohn besondere Beachtung finden.}, language = {en} } @article{WilsonGuivarchKriegleretal.2021, author = {Wilson, Charlie and Guivarch, C{\´e}line and Kriegler, Elmar and van Ruijven, Bas and van Vuuren, Detlef P. and Krey, Volker and Schwanitz, Valeria Jana and Thompson, Erica L.}, title = {Evaluating process-based integrated assessment models of climate change mitigation}, series = {Climatic change}, volume = {166}, journal = {Climatic change}, number = {1-2}, publisher = {Springer Science + Business Media B.V.}, address = {Dordrecht}, issn = {0165-0009}, doi = {10.1007/s10584-021-03099-9}, pages = {22}, year = {2021}, abstract = {Process-based integrated assessment models (IAMs) project long-term transformation pathways in energy and land-use systems under what-if assumptions. IAM evaluation is necessary to improve the models' usefulness as scientific tools applicable in the complex and contested domain of climate change mitigation. We contribute the first comprehensive synthesis of process-based IAM evaluation research, drawing on a wide range of examples across six different evaluation methods including historical simulations, stylised facts, and model diagnostics. For each evaluation method, we identify progress and milestones to date, and draw out lessons learnt as well as challenges remaining. We find that each evaluation method has distinctive strengths, as well as constraints on its application. We use these insights to propose a systematic evaluation framework combining multiple methods to establish the appropriateness, interpretability, credibility, and relevance of process-based IAMs as useful scientific tools for informing climate policy. We also set out a programme of evaluation research to be mainstreamed both within and outside the IAM community.}, language = {en} } @article{WenzCarrKoegeletal.2023, author = {Wenz, Leonie and Carr, Robert Devon and K{\"o}gel, Noah and Kotz, Maximilian and Kalkuhl, Matthias}, title = {DOSE - global data set of reported sub-national economic output}, series = {Scientific data}, volume = {10}, journal = {Scientific data}, number = {1}, publisher = {Nature Publishing Group}, address = {London}, issn = {2052-4463}, doi = {10.1038/s41597-023-02323-8}, pages = {1 -- 17}, year = {2023}, abstract = {Many phenomena of high relevance for economic development such as human capital, geography and climate vary considerably within countries as well as between them. Yet, global data sets of economic output are typically available at the national level only, thereby limiting the accuracy and precision of insights gained through empirical analyses. Recent work has used interpolation and downscaling to yield estimates of sub-national economic output at a global scale, but respective data sets based on official, reported values only are lacking. We here present DOSE — the MCC-PIK Database Of Sub-national Economic Output. DOSE contains harmonised data on reported economic output from 1,661 sub-national regions across 83 countries from 1960 to 2020. To avoid interpolation, values are assembled from numerous statistical agencies, yearbooks and the literature and harmonised for both aggregate and sectoral output. Moreover, we provide temporally- and spatially-consistent data for regional boundaries, enabling matching with geo-spatial data such as climate observations. DOSE provides the opportunity for detailed analyses of economic development at the subnational level, consistent with reported values.}, language = {en} } @article{WarszawskiKrieglerLentonetal.2021, author = {Warszawski, Lila and Kriegler, Elmar and Lenton, Timothy M. and Gaffney, Owen and Jacob, Daniela and Klingenfeld, Daniel and Koide, Ryu and Costa, Mar{\´i}a M{\´a}{\~n}ez and Messner, Dirk and Nakicenovic, Nebojsa and Schellnhuber, Hans Joachim and Schlosser, Peter and Takeuchi, Kazuhiko and van der Leeuw, Sander and Whiteman, Gail and Rockstr{\"o}m, Johan}, title = {All options, not silver bullets, needed to limit global warming to 1.5 °C}, series = {Environmental research letters}, volume = {16}, journal = {Environmental research letters}, number = {6}, publisher = {IOP Publishing}, address = {Bristol}, issn = {1748-9326}, doi = {10.1088/1748-9326/abfeec}, pages = {15}, year = {2021}, abstract = {Climate science provides strong evidence of the necessity of limiting global warming to 1.5 °C, in line with the Paris Climate Agreement. The IPCC 1.5 °C special report (SR1.5) presents 414 emissions scenarios modelled for the report, of which around 50 are classified as '1.5 °C scenarios', with no or low temperature overshoot. These emission scenarios differ in their reliance on individual mitigation levers, including reduction of global energy demand, decarbonisation of energy production, development of land-management systems, and the pace and scale of deploying carbon dioxide removal (CDR) technologies. The reliance of 1.5 °C scenarios on these levers needs to be critically assessed in light of the potentials of the relevant technologies and roll-out plans. We use a set of five parameters to bundle and characterise the mitigation levers employed in the SR1.5 1.5 °C scenarios. For each of these levers, we draw on the literature to define 'medium' and 'high' upper bounds that delineate between their 'reasonable', 'challenging' and 'speculative' use by mid century. We do not find any 1.5 °C scenarios that stay within all medium upper bounds on the five mitigation levers. Scenarios most frequently 'over use' CDR with geological storage as a mitigation lever, whilst reductions of energy demand and carbon intensity of energy production are 'over used' less frequently. If we allow mitigation levers to be employed up to our high upper bounds, we are left with 22 of the SR1.5 1.5 °C scenarios with no or low overshoot. The scenarios that fulfil these criteria are characterised by greater coverage of the available mitigation levers than those scenarios that exceed at least one of the high upper bounds. When excluding the two scenarios that exceed the SR1.5 carbon budget for limiting global warming to 1.5 °C, this subset of 1.5 °C scenarios shows a range of 15-22 Gt CO2 (16-22 Gt CO2 interquartile range) for emissions in 2030. For the year of reaching net zero CO2 emissions the range is 2039-2061 (2049-2057 interquartile range).}, language = {en} } @article{vanSoestAleluiaReisBaptistaetal.2021, author = {van Soest, Heleen L. and Aleluia Reis, Lara and Baptista, Luiz Bernardo and Bertram, Christoph and Despr{\´e}s, Jacques and Drouet, Laurent and den Elzen, Michel and Fragkos, Panagiotis and Fricko, Oliver and Fujimori, Shinichiro and Grant, Neil and Harmsen, Mathijs and Iyer, Gokul and Keramidas, Kimon and K{\"o}berle, Alexandre C. and Kriegler, Elmar and Malik, Aman and Mittal, Shivika and Oshiro, Ken and Riahi, Keywan and Roelfsema, Mark and van Ruijven, Bas and Schaeffer, Roberto and Silva Herran, Diego and Tavoni, Massimo and {\"U}nl{\"u}, Gamze and Vandyck, Toon and van Vuuren, Detlef P.}, title = {Global roll-out of comprehensive policy measures may aid in bridging emissions gap}, series = {Nature communications}, volume = {12}, journal = {Nature communications}, number = {1}, publisher = {Nature Publishing Group UK}, address = {London}, doi = {10.1038/s41467-021-26595-z}, pages = {10}, year = {2021}, abstract = {Closing the emissions gap between Nationally Determined Contributions (NDCs) and the global emissions levels needed to achieve the Paris Agreement's climate goals will require a comprehensive package of policy measures. National and sectoral policies can help fill the gap, but success stories in one country cannot be automatically replicated in other countries. They need to be adapted to the local context. Here, we develop a new Bridge scenario based on nationally relevant, short-term measures informed by interactions with country experts. These good practice policies are rolled out globally between now and 2030 and combined with carbon pricing thereafter. We implement this scenario with an ensemble of global integrated assessment models. We show that the Bridge scenario closes two-thirds of the emissions gap between NDC and 2 °C scenarios by 2030 and enables a pathway in line with the 2 °C goal when combined with the necessary long-term changes, i.e. more comprehensive pricing measures after 2030. The Bridge scenario leads to a scale-up of renewable energy (reaching 52\%-88\% of global electricity supply by 2050), electrification of end-uses, efficiency improvements in energy demand sectors, and enhanced afforestation and reforestation. Our analysis suggests that early action via good-practice policies is less costly than a delay in global climate cooperation.}, language = {en} } @techreport{Tuebbicke2020, type = {Working Paper}, author = {T{\"u}bbicke, Stefan}, title = {Entropy Balancing for Continuous Treatments}, series = {CEPA Discussion Papers}, journal = {CEPA Discussion Papers}, number = {21}, issn = {2628-653X}, doi = {10.25932/publishup-47895}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-478950}, pages = {32}, year = {2020}, abstract = {Interest in evaluating the effects of continuous treatments has been on the rise recently. To facilitate the estimation of causal effects in this setting, the present paper introduces entropy balancing for continuous treatments (EBCT) by extending the original entropy balancing methodology of Hainm{\"u}ller (2012). In order to estimate balancing weights, the proposed approach solves a globally convex constrained optimization problem, allowing for much more computationally efficient implementation compared to other available methods. EBCT weights reliably eradicate Pearson correlations between covariates and the continuous treatment variable. This is the case even when other methods based on the generalized propensity score tend to yield insufficient balance due to strong selection into different treatment intensities. Moreover, the optimization procedure is more successful in avoiding extreme weights attached to a single unit. Extensive Monte-Carlo simulations show that treatment effect estimates using EBCT display similar or lower bias and uniformly lower root mean squared error. These properties make EBCT an attractive method for the evaluation of continuous treatments. Software implementation is available for Stata and R.}, language = {en} } @article{SurethKalkuhlEdenhoferetal.2023, author = {Sureth, Michael and Kalkuhl, Matthias and Edenhofer, Ottmar and Rockstr{\"o}m, Johan}, title = {A welfare economic approach to planetary boundaries}, series = {Jahrb{\"u}cher f{\"u}r National{\"o}konomie und Statistik}, volume = {243}, journal = {Jahrb{\"u}cher f{\"u}r National{\"o}konomie und Statistik}, number = {5}, publisher = {De Gruyter Oldenbourg}, address = {Berlin}, issn = {0021-4027}, doi = {10.1515/jbnst-2022-0022}, pages = {477 -- 542}, year = {2023}, abstract = {The crises of both the climate and the biosphere are manifestations of the imbalance between human extractive, and polluting activities and the Earth's regenerative capacity. Planetary boundaries define limits for biophysical systems and processes that regulate the stability and life support capacity of the Earth system, and thereby also define a safe operating space for humanity on Earth. Budgets associated to planetary boundaries can be understood as global commons: common pool resources that can be utilized within finite limits. Despite the analytical interpretation of planetary boundaries as global commons, the planetary boundaries framework is missing a thorough integration into economic theory. We aim to bridge the gap between welfare economic theory and planetary boundaries as derived in the natural sciences by presenting a unified theory of cost-benefit and cost-effectiveness analysis. Our pragmatic approach aims to overcome shortcomings of the practical applications of CEA and CBA to environmental problems of a planetary scale. To do so, we develop a model framework and explore decision paradigms that give guidance to setting limits on human activities. This conceptual framework is then applied to planetary boundaries. We conclude by using the realized insights to derive a research agenda that builds on the understanding of planetary boundaries as global commons.}, language = {en} } @article{StreflerKrieglerBaueretal.2021, author = {Strefler, Jessica and Kriegler, Elmar and Bauer, Nico and Luderer, Gunnar and Pietzcker, Robert C. and Giannousakis, Anastasis and Edenhofer, Ottmar}, title = {Alternative carbon price trajectories can avoid excessive carbon removal}, series = {Nature communications}, volume = {12}, journal = {Nature communications}, number = {1}, publisher = {Nature Publishing Group}, address = {London}, issn = {2041-1723}, doi = {10.1038/s41467-021-22211-2}, pages = {8}, year = {2021}, abstract = {The large majority of climate change mitigation scenarios that hold warming below 2 °C show high deployment of carbon dioxide removal (CDR), resulting in a peak-and-decline behavior in global temperature. This is driven by the assumption of an exponentially increasing carbon price trajectory which is perceived to be economically optimal for meeting a carbon budget. However, this optimality relies on the assumption that a finite carbon budget associated with a temperature target is filled up steadily over time. The availability of net carbon removals invalidates this assumption and therefore a different carbon price trajectory should be chosen. We show how the optimal carbon price path for remaining well below 2 °C limits CDR demand and analyze requirements for constructing alternatives, which may be easier to implement in reality. We show that warming can be held at well below 2 °C at much lower long-term economic effort and lower CDR deployment and therefore lower risks if carbon prices are high enough in the beginning to ensure target compliance, but increase at a lower rate after carbon neutrality has been reached.}, language = {en} } @techreport{SteckelMissbachOhlendorfetal.2022, type = {Working Paper}, author = {Steckel, Jan Christoph and Missbach, Leonard and Ohlendorf, Nils and Feindt, Simon and Kalkuhl, Matthias}, title = {Effects of the energy price crisis on European households}, publisher = {Mercator Research Institute on Global Commons and Climate Change (MCC) gGmbH}, address = {Berlin}, pages = {30}, year = {2022}, language = {en} } @techreport{SpaethGoller2023, type = {Working Paper}, author = {Sp{\"a}th, Maximilian and Goller, Daniel}, title = {Gender differences in investment reactions to irrelevant information}, series = {CEPA Discussion Papers}, journal = {CEPA Discussion Papers}, number = {67}, issn = {2628-653X}, doi = {10.25932/publishup-60635}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-606351}, pages = {25, 4}, year = {2023}, abstract = {Economic agents often irrationally base their decision-making on irrelevant information. This research analyzes whether men and women react to futile information about past outcomes. For this purpose, we run a laboratory experiment (Study 1) and use field data (Study 2). In both studies, the behavior of men is consistent with falsely assumed negative autocorrelation, often referred to as gambler's fallacy Women's behavior aligns with falsely assumed positive autocorrelation, a notion of the hot hand fallacy. On the aggregate, the two fallacies cancel out. Even when individuals are, on average, rational, the biases in the decision-making of subgroups might cause inefficient outcomes. In a mediation analysis, we find that a) the agents stated perceived probabilities of future outcomes are not blurred by irrelevant information and b) about 40 \% of the observed biases are driven by differences in the perceived attractiveness of available choices caused by the irrelevant information.}, language = {en} } @techreport{Spaeth2021, type = {Working Paper}, author = {Sp{\"a}th, Maximilian}, title = {It's me again… Ask Avoidance and the Dynamics of Charitable Giving}, series = {CEPA Discussion Papers}, journal = {CEPA Discussion Papers}, number = {38}, issn = {2628-653X}, doi = {10.25932/publishup-52099}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-520991}, pages = {25}, year = {2021}, abstract = {Charities typically ask potential donors repeatedly for a donation. These repeated requests might trigger avoidance behavior. Considering that, this paper analyzes the impact of offering an ask avoidance option on charitable giving. In a proposed utility framework, the avoidance option decreases the social pressure to donate. At the same time, it induces feelings of gratitude toward the fundraiser, which may lead to a reciprocal increase in donations. The results of a lab experiment designed to disentangle the two channels show no negative impact of the option to avoid repeated asking on donations. Instead, the full model indicates a positive impact of the reciprocity channel. This finding suggests that it might be beneficial for charities to introduce an ask avoidance option during high-frequency fundraising campaigns.}, language = {en} } @techreport{SondergeldWrohlich2023, type = {Working Paper}, author = {Sondergeld, Virginia and Wrohlich, Katharina}, title = {Women in management and the gender pay gap}, series = {CEPA Discussion Papers}, journal = {CEPA Discussion Papers}, number = {66}, issn = {2628-653X}, doi = {10.25932/publishup-60581}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-605813}, pages = {31}, year = {2023}, abstract = {We analyze the impact of women's managerial representation on the gender pay gap among employees on the establishment level using German Linked-Employer-Employee-Data from the years 2004 to 2018. For identification of a causal effect we employ a panel model with establishment fixed effects and industry-specific time dummies. Our results show that a higher share of women in management significantly reduces the gender pay gap within the firm. An increase in the share of women in first-level management e.g. from zero to above 33 percent decreases the adjusted gender pay gap from a baseline of 15 percent by 1.2 percentage points, i.e. to roughly 14 percent. The effect is stronger for women in second-level than first-level management, indicating that women managers with closer interactions with their subordinates have a higher impact on the gender pay gap than women on higher management levels. The results are similar for East and West Germany, despite the lower gender pay gap and more gender egalitarian social norms in East Germany. From a policy perspective, we conclude that increasing the number of women in management positions has the potential to reduce the gender pay gap to a limited extent. However, further policy measures will be needed in order to fully close the gender gap in pay.}, language = {en} } @article{SinghalPahleKalkuhletal.2021, author = {Singhal, Puja and Pahle, Michael and Kalkuhl, Matthias and Sommer, Stephan and Levesque, Antoine and Berneiser, Jessica}, title = {Beyond good faith}, series = {SSRN eLibrary / Social Science Research Network}, journal = {SSRN eLibrary / Social Science Research Network}, publisher = {SSRN - Elsevier}, address = {Rochester, NY}, issn = {1556-5068}, doi = {10.2139/ssrn.3947800}, pages = {29}, year = {2021}, abstract = {The ambitious climate targets set by industrialized nations worldwide cannot be met without decarbonizing the building stock. Using Germany as a case study, this paper takes stock of the extensive set of energy efficiency policies that are already in place and clarifies that they have been designed "in good faith" but lack in overall effectiveness as well as cost-efficiency in achieving these climate targets. We map out the market failures and behavioural considerations that are potential reasons for why realized energy savings fall below expectations and why the household adoption of energy-efficient and low-carbon technologies has remained low. We highlight the pressing need for data and modern empirical research to develop targeted and cost-effective policies seeking to correct these market failures. To this end, we identify some key research questions and identify gaps in the data required for evidence-based policy.}, language = {en} } @article{SedovaKalkuhlMendelsohn2020, author = {Sedova, Barbora and Kalkuhl, Matthias and Mendelsohn, Robert}, title = {Distributional impacts of weather and climate in rural India}, series = {Economics of disasters and climate change}, volume = {4}, journal = {Economics of disasters and climate change}, number = {1}, publisher = {Springer}, address = {Cham}, issn = {2511-1280}, doi = {10.1007/s41885-019-00051-1}, pages = {5 -- 44}, year = {2020}, abstract = {Climate-related costs and benefits may not be evenly distributed across the population. We study distributional implications of seasonal weather and climate on within-country inequality in rural India. Utilizing a first difference approach, we find that the poor are more sensitive to weather variations than the non-poor. The poor respond more strongly to (seasonal) temperature changes: negatively in the (warm) spring season, more positively in the (cold) rabi season. Less precipitation is harmful to the poor in the monsoon kharif season and beneficial in the winter and spring seasons. We show that adverse weather aggravates inequality by reducing consumption of the poor farming households. Future global warming predicted under RCP8.5 is likely to exacerbate these effects, reducing consumption of poor farming households by one third until the year 2100. We also find inequality in consumption across seasons with higher consumption during the harvest and lower consumption during the sowing seasons.}, language = {en} } @phdthesis{Schuetze2020, author = {Sch{\"u}tze, Franziska}, title = {Finance for a sustainable economy}, doi = {10.25932/publishup-48441}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-484415}, school = {Universit{\"a}t Potsdam}, pages = {xi, 128}, year = {2020}, abstract = {With his September 2015 speech "Breaking the tragedy of the horizon", the President of the Central Bank of England, Mark Carney, put climate change on the agenda of financial market regulators. Until then, climate change had been framed mainly as a problem of negative externalities leading to long-term economic costs, which resulted in countries trying to keep the short-term costs of climate action to a minimum. Carney argued that climate change, as well as climate policy, can also lead to short-term financial risks, potentially causing strong adjustments in asset prices. Analysing the effect of a sustainability transition on the financial sector challenges traditional economic and financial analysis and requires a much deeper understanding of the interrelations between climate policy and financial markets. This dissertation thus investigates the implications of climate policy for financial markets as well as the role of financial markets in a transition to a sustainable economy. The approach combines insights from macroeconomic and financial risk analysis. Following an introduction and classification in Chapter 1, Chapter 2 shows a macroeconomic analysis that combines ambitious climate targets (negative externality) with technological innovation (positive externality), adaptive expectations and an investment program, resulting in overall positive macroeconomic outcomes. The analysis also reveals the limitations of climate economic models in their representation of financial markets. Therefore, the subsequent part of this dissertation is concerned with the link between climate policies and financial markets. In Chapter 3, an empirical analysis of stock-market responses to the announcement of climate policy targets is performed to investigate impacts of climate policy on financial markets. Results show that 1) international climate negotiations have an effect on asset prices and 2) investors increasingly recognize transition risks in carbon-intensive investments. In Chapter 4, an analysis of equity markets and the interbank market shows that transition risks can potentially affect a large part of the equity market and that financial interconnections can amplify negative shocks. In Chapter 5, an analysis of mortgage loans shows how information on climate policy and the energy performance of buildings can be integrated into risk management and reflected in interest rates. While costs of climate action have been explored at great depth, this dissertation offers two main contributions. First, it highlights the importance of a green investment program to strengthen the macroeconomic benefits of climate action. Second, it shows different approaches on how to integrate transition risks and opportunities into financial market analysis. Anticipating potential losses and gains in the value of financial assets as early as possible can make the financial system more resilient to transition risks and can stimulate investments into the decarbonization of the economy.}, language = {en} } @misc{Schumacher2019, author = {Schumacher, Reinhard}, title = {Rezension: Shigeyoshi Senga, Masatomi Fujimoto, Taichi Tabuchi (Eds.).: Ricardo and International Trade. - London: Routledge, 2017. - x, 276 S. - ISBN: 978-1-138-12245-1}, series = {Journal of the History of Economic Thought}, volume = {41}, journal = {Journal of the History of Economic Thought}, number = {3}, publisher = {Cambridge Univ. Press}, address = {New York}, issn = {1053-8372}, doi = {10.1017/S1053837218000317}, pages = {435 -- 438}, year = {2019}, language = {en} } @misc{Schumacher2018, author = {Schumacher, Reinhard}, title = {Rezension zu: Dale, Gareth: Karl Polanyi: a life on the left. - New York: Columbia University Press, 2016. - xii, 381 S. - ISBN: 978-0-231-17608-8}, series = {Journal of the history of economic thought}, volume = {40}, journal = {Journal of the history of economic thought}, number = {2}, publisher = {Cambridge Univ. Press}, address = {New York}, issn = {1053-8372}, doi = {10.1017/S1053837217000220}, pages = {296 -- 298}, year = {2018}, language = {en} } @article{SchultesPiontekSoergeletal.2021, author = {Schultes, Anselm and Piontek, Franziska and Soergel, Bjoern and Rogelj, Joeri and Baumstark, Lavinia and Kriegler, Elmar and Edenhofer, Ottmar and Luderer, Gunnar}, title = {Economic damages from on-going climate change imply deeper near-term emission cuts}, series = {Environmental research letters}, volume = {16}, journal = {Environmental research letters}, number = {10}, publisher = {IOP Publishing}, address = {Bristol}, issn = {1748-9326}, doi = {10.1088/1748-9326/ac27ce}, pages = {11}, year = {2021}, abstract = {Pathways toward limiting global warming to well below 2 ∘C, as used by the IPCC in the Fifth Assessment Report, do not consider the climate impacts already occurring below 2 ∘C. Here we show that accounting for such damages significantly increases the near-term ambition of transformation pathways. We use econometric estimates of climate damages on GDP growth and explicitly model the uncertainty in the persistence time of damages. The Integrated Assessment Model we use includes the climate system and mitigation technology detail required to derive near-term policies. We find an optimal carbon price of \$115 per tonne of CO2 in 2030. The long-term persistence of damages, while highly uncertain, is a main driver of the near-term carbon price. Accounting for damages on economic growth increases the gap between the currently pledged nationally determined contributions and the welfare-optimal 2030 emissions by two thirds, compared to pathways considering the 2 ∘C limit only.}, language = {en} } @techreport{Schrauth2022, type = {Working Paper}, author = {Schrauth, Philipp}, title = {The Causal Effect of Cycling Infrastructure on Traffic and Accidents}, series = {CEPA Discussion Papers}, journal = {CEPA Discussion Papers}, number = {48}, issn = {2628-653X}, doi = {10.25932/publishup-55335}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-553359}, pages = {56}, year = {2022}, abstract = {This paper analyzes the effect of new bicycle lanes on traffic volume, congestion, and accidents. Crucially, the new bike lanes replace existing car lanes thereby reducing available space for motorized traffic. In order to obtain causal estimates, I exploit the quasi-random timing and location of the newly built cycle lanes. Using an event study design, a two-way fixed effects model and the synthetic control group method on geo-coded data, I show that the construction of pop-up bike lanes significantly reduced average car speed by 8 to 12 percentage points (p.p.) and up to 16 p.p. in peak traffic hours. In contrast, the results for car volume are modest, while the data does not allow for a conclusive judgment of accidents.}, language = {en} } @article{RiahiBertramHuppmannetal.2021, author = {Riahi, Keywan and Bertram, Christoph and Huppmann, Daniel and Rogelj, Joeri and Bosetti, Valentina and Cabardos, Anique-Marie and Deppermann, Andre and Drouet, Laurent and Frank, Stefan and Fricko, Oliver and Fujimori, Shinichiro and Harmsen, Mathijs and Hasegawa, Tomoko and Krey, Volker and Luderer, Gunnar and Paroussos, Leonidas and Schaeffer, Roberto and Weitzel, Matthias and van der Zwaan, Bob and Vrontisi, Zoi and Longa, Francesco Dalla and Despr{\´e}s, Jacques and Fosse, Florian and Fragkiadakis, Kostas and Gusti, Mykola and Humpen{\"o}der, Florian and Keramidas, Kimon and Kishimoto, Paul and Kriegler, Elmar and Meinshausen, Malte and Nogueira, Larissa Pupo and Oshiro, Ken and Popp, Alexander and Rochedo, Pedro R. R. and {\"U}nl{\"u}, Gamze and van Ruijven, Bas and Takakura, Junya and Tavoni, Massimo and van Vuuren, Detlef P. and Zakeri, Behnam}, title = {Cost and attainability of meeting stringent climate targets without overshoot}, series = {Nature climate change}, volume = {11}, journal = {Nature climate change}, number = {12}, publisher = {Nature Publishing Group}, address = {London}, issn = {1758-678X}, doi = {10.1038/s41558-021-01215-2}, pages = {1063 -- 1069}, year = {2021}, abstract = {Global emissions scenarios play a critical role in the assessment of strategies to mitigate climate change. The current scenarios, however, are criticized because they feature strategies with pronounced overshoot of the global temperature goal, requiring a long-term repair phase to draw temperatures down again through net-negative emissions. Some impacts might not be reversible. Hence, we explore a new set of net-zero CO2 emissions scenarios with limited overshoot. We show that upfront investments are needed in the near term for limiting temperature overshoot but that these would bring long-term economic gains. Our study further identifies alternative configurations of net-zero CO2 emissions systems and the roles of different sectors and regions for balancing sources and sinks. Even without net-negative emissions, CO2 removal is important for accelerating near-term reductions and for providing an anthropogenic sink that can offset the residual emissions in sectors that are hard to abate.}, language = {en} } @article{PiontekKalkuhlKriegleretal.2019, author = {Piontek, Franziska and Kalkuhl, Matthias and Kriegler, Elmar and Schultes, Anselm and Leimbach, Marian and Edenhofer, Ottmar and Bauer, Nico}, title = {Economic Growth Effects of Alternative Climate Change Impact Channels in Economic Modeling}, series = {Environmental \& resource economics : the official journal of the European Association of Environmental and Resource Economists}, volume = {73}, journal = {Environmental \& resource economics : the official journal of the European Association of Environmental and Resource Economists}, number = {4}, publisher = {Springer}, address = {Dordrecht}, issn = {0924-6460}, doi = {10.1007/s10640-018-00306-7}, pages = {1357 -- 1385}, year = {2019}, abstract = {Despite increasing empirical evidence of strong links between climate and economic growth, there is no established model to describe the dynamics of how different types of climate shocks affect growth patterns. Here we present the first comprehensive, comparative analysis of the long-term dynamics of one-time, temporary climate shocks on production factors, and factor productivity, respectively, in a Ramsey-type growth model. Damages acting directly on production factors allow us to study dynamic effects on factor allocation, savings and economic growth. We find that the persistence of impacts on economic activity is smallest for climate shocks directly impacting output, and successively increases for direct damages on capital, loss of labor and productivity shocks, related to different responses in savings rates and factor-specific growth. Recurring shocks lead to large welfare effects and long-term growth effects, directly linked to the persistence of individual shocks. Endogenous savings and shock anticipation both have adaptive effects but do not eliminate differences between impact channels or significantly lower the dissipation time. Accounting for endogenous growth mechanisms increases the effects. We also find strong effects on income shares, important for distributional implications. This work fosters conceptual understanding of impact dynamics in growth models, opening options for links to empirics.}, language = {en} } @article{PetrishchevaRienerSchildbergHoerisch2021, author = {Petrishcheva, Vasilisa and Riener, Gerhard and Schildberg-H{\"o}risch, Hannah}, title = {Loss aversion in social image concerns}, series = {Experimental economics : a journal of the Economic Science Association}, volume = {26}, journal = {Experimental economics : a journal of the Economic Science Association}, number = {3}, publisher = {Springer Science + Business Media B.V.}, address = {Dordrecht}, issn = {1386-4157}, doi = {10.1007/s10683-022-09782-7}, pages = {622 -- 645}, year = {2021}, abstract = {Does loss aversion apply to social image concerns? In a laboratory experiment, we first induce social image in a relevant domain, intelligence, through public ranking. In a second stage, subjects experience a change in rank and are offered scope for lying to improve their final, also publicly reported rank. Subjects who care about social image and experience a decline in rank lie more than those experiencing gains. Moreover, we document a discontinuity in lying behavior when moving from rank losses to gains. Our results are in line with loss aversion in social image concerns.}, language = {en} } @article{PaganelliSchumacher2018, author = {Paganelli, Maria Pia and Schumacher, Reinhard}, title = {Do not take peace for granted}, series = {Cambridge journal of economics}, volume = {43}, journal = {Cambridge journal of economics}, number = {3}, publisher = {Oxford Univ. Press}, address = {Oxford}, issn = {0309-166X}, doi = {10.1093/cje/bey040}, pages = {785 -- 797}, year = {2018}, abstract = {Is trade a promoter of peace? Adam Smith, one of the earliest defenders of trade, worries that commerce may instigate some perverse incentives, encouraging wars. The wealth that commerce generates decreases the relative cost of wars, increases the ability to finance wars through debts, which decreases their perceived cost, and increases the willingness of commercial interests to use wars to extend their markets, increasing the number and prolonging the length of wars. Smith, therefore, cannot assume that trade would yield a peaceful world. While defending and promoting trade, Smith warns us not to take peace for granted.}, language = {en} } @article{OrlandRostamAfschar2021, author = {Orland, Andreas and Rostam-Afschar, Davud}, title = {Flexible work arrangements and precautionary behavior}, series = {Journal of economic behavior \& organization}, volume = {191}, journal = {Journal of economic behavior \& organization}, publisher = {Elsevier}, address = {Amsterdam}, issn = {0167-2681}, doi = {10.1016/j.jebo.2021.09.015}, pages = {442 -- 481}, year = {2021}, abstract = {In the past years, work-time in many industries has become more flexible, opening up a new channel for intertemporal substitution: workers might, instead of saving, adjust their work-time to smooth consumption. To study this channel, we set up a two-period consumption/saving model with wage uncertainty. This extends the standard saving model by also allowing a worker to allocate a fixed time budget between two work-shifts. To test the comparative statics implied by these two different channels, we conduct a laboratory experiment. A novel feature of our experiments is that we tie income to a real-effort style task. In four treatments, we turn on and off the two channels for consumption smoothing: saving and time allocation. Our main finding is that savings are strictly positive for at least 85 percent of subjects. We find that a majority of subjects also uses time allocation to smooth consumption and use saving and time shifting as substitutes, though not perfect substitutes. Part of the observed heterogeneity of precautionary behavior can be explained by risk preferences and motivations different from expected utility maximization. (c) 2021 Elsevier B.V. All rights reserved.}, language = {en} } @article{OrlandRoos2019, author = {Orland, Andreas and Roos, Michael W. M.}, title = {Price-setting with quadratic adjustment costs}, series = {Journal of economic behavior \& organization}, volume = {163}, journal = {Journal of economic behavior \& organization}, publisher = {Elsevier}, address = {Amsterdam}, issn = {0167-2681}, doi = {10.1016/j.jebo.2019.05.010}, pages = {88 -- 116}, year = {2019}, abstract = {We test the price-setting behavior of firms using the Rotemberg (1982) model in order to explain puzzles in the New Keynesian Phillips curve (NKPC). For our tests, we conducted experiments that adapt the model into an individual decision-making problem. We find systematic deviations in price-setting according to the subjects' degree of information acquisition. Subjects rarely make use of past information. On the other hand, subjects that decide to acquire relatively little information about future desired prices tend to overweight their own past set price when they set prices. We study the impact of this heterogeneous price-setting behavior for theoretically derived forward-looking Phillips curves. Our estimated NKPCs are in line with the empirical literature. The deviations from theoretical predictions in our NKPCs are driven by the less-informed subjects.}, language = {en} } @phdthesis{Obst2022, author = {Obst, Cosima}, title = {Essays in labor economics}, doi = {10.25932/publishup-56379}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-563794}, school = {Universit{\"a}t Potsdam}, pages = {272}, year = {2022}, abstract = {This thesis offers insights into the process of workers decisions to invest into work-related training. Specifically, the role of personality traits and attitudes is analysed. The aim is to understand whether such traits contribute to an under-investment into training. Importantly, general and specific training are distinguished, where the worker's productivity increases in many firms in the former and only in the current firm in the latter case. Additionally, this thesis contributes to the evaluation of the German minimum wage introduction in 2015, identifying causal effects on wages and working hours. Chapters two to four focus on the work-related training decision. First, individuals with an internal locus of control see a direct link between their own actions and their labor market success, while external individuals connect their outcomes to fate, luck, and other people. Consequently, it can be expected that internal individuals expect higher returns to training and are, thus, more willing to participate. The results reflect this hypothesis with internal individuals being more likely to participate in general (but not specific) training. Second, training can be viewed either as a risky investment or as an insurance against negative labor income shocks. In both cases, risk attitudes are expected to play a role in the decision process. The data point towards risk seeking individuals being more likely to participate in general (but not specific) training, and thus, training being viewed on average as a risky investment. Third, job satisfaction influences behavioral decisions in the job context, where dissatisfied workers may react by neglecting their duties, improving the situation or quitting the job. In the first case, dissatisfied workers are expected to invest less in training, while the latter two reactions could lead to higher participation rates amongst dissatisfied workers. The results suggest that on average dissatisfied workers are less likely to invest into training than satisfied workers. However, closer inspections of quit intentions and different sources of dissatisfaction paint less clear pictures, pointing towards the complexity of the job satisfaction construct. Chapters five and six evaluate the introduction of the minimum wage in Germany in 2015. First, in 2015 an increase in the growth of hourly wages can be identified as a causal effect of the minimum wage introduction. However, at the same time, a reduction in the weekly working hours results in an overall unchanged growth in monthly earnings. When considering the effects in 2016, the decrease in weekly working hours disappears, resulting in a significant increase in the growth of monthly earnings due to the minimum wage. Importantly, the analysis suggests that the increase in hourly wages was not sufficient to ensure all workers receiving the minimum wage. This points to non-compliance being an issue in the first years after the minimum wage introduction.}, language = {en} } @techreport{Obst2022, type = {Working Paper}, author = {Obst, Cosima}, title = {Job Satisfaction and Training Investments}, series = {CEPA Discussion Papers}, journal = {CEPA Discussion Papers}, number = {47}, issn = {2628-653X}, doi = {10.25932/publishup-54912}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-549124}, pages = {46}, year = {2022}, abstract = {Job satisfaction has been found to impact behavioral choices at the workplace. Since levels of satisfaction are not guaranteed to remain high, understanding the consequences of job dissatisfaction is essential. Hence, I analyze the relationship between a worker's job satisfaction and her training investments. Based on my theoretical model, I expect a U-shaped relationship if dissatisfied workers attempt to improve the situation or plan to quit. In contrast, there is an overall positive relationship if dissatisfied workers neglect their duties. Using logit regressions with the Household, Income and Labour Dynamics in Australia (HILDA) survey I find tentative evidence that there is on average an overall positive relationship with a 1 standard deviation increase in job satisfaction being associated with a 1.5\% increased likelihood of participating in training. A closer inspection of the reasons for training as well as quit intentions reveals some hints of a U-shaped relationship. My results highlight the importance of considering the source of dissatisfaction as there are heterogeneous effects along different job satisfaction facets.}, language = {en} } @article{MontroneSteckelKalkuhl2022, author = {Montrone, Lorenzo and Steckel, Jan Christoph and Kalkuhl, Matthias}, title = {The type of power capacity matters for economic development}, series = {Resource and energy economics}, volume = {69}, journal = {Resource and energy economics}, publisher = {Elsevier}, address = {Amsterdam}, issn = {0928-7655}, doi = {10.1016/j.reseneeco.2022.101313}, pages = {17}, year = {2022}, abstract = {We examine the relationship between different types of power investments and regional economic dynamics. We construct a novel panel dataset combining data on regional GDP and power capacity additions for different technologies between 1960 and 2015, which covers 65\% of the global power capacity that has been installed in this period. We use an event study design to identify the effect of power capacity addition on GDP per capita, exploiting the fact that the exact amount of power capacity coming online each year is determined by random construction delays. We find evidence that GDP per capita increases by 0.2\% in the 6 years around the coming online of 100 MW coal-fired power capacity. We find similar effects for hydropower capacity, but not for any other type of power capacity. The positive effects are regionally bounded and stronger for projects on new sites (green-field). The magnitude of this effect might not be comparable to the total external costs of building new coal-fired power capacity, yet our results help to explain why policymakers favor coal investments for spurring regional growth.}, language = {en} } @article{MerfortBauerHumpenoederetal.2023, author = {Merfort, Leon and Bauer, Nico and Humpen{\"o}der, Florian and Klein, David and Strefler, Jessica and Popp, Alexander and Luderer, Gunnar and Kriegler, Elmar}, title = {Bioenergy-induced land-use-change emissions with sectorally fragmented policies}, series = {Nature climate change}, volume = {13}, journal = {Nature climate change}, number = {7}, publisher = {Nature Publ. Group}, address = {London}, issn = {1758-678X}, doi = {10.1038/s41558-023-01697-2}, pages = {685 -- 692}, year = {2023}, abstract = {Controlling bioenergy-induced land-use-change emissions is key to exploiting bioenergy for climate change mitigation. However, the effect of different land-use and energy sector policies on specific bioenergy emissions has not been studied so far. Using the global integrated assessment model REMIND-MAgPIE, we derive a biofuel emission factor (EF) for different policy frameworks. We find that a uniform price on emissions from both sectors keeps biofuel emissions at 12 kg CO2 GJ-1. However, without land-use regulation, the EF increases substantially (64 kg CO2 GJ-1 over 80 years, 92 kg CO2 GJ-1 over 30 years). We also find that comprehensive coverage (>90\%) of carbon-rich land areas worldwide is key to containing land-use emissions. Pricing emissions indirectly on the level of bioenergy consumption reduces total emissions by cutting bioenergy demand but fails to reduce the average EF. In the absence of comprehensive and timely land-use regulation, bioenergy thus may contribute less to climate change mitigation than assumed previously.}, language = {en} } @article{MerfortBauerHumpenoederetal.2023, author = {Merfort, Leon and Bauer, Nico and Humpen{\"o}der, Florian and Klein, David and Strefler, Jessica and Popp, Alexander and Luderer, Gunnar and Kriegler, Elmar}, title = {State of global land regulation inadequate to control biofuel land-use-change emissions}, series = {Nature climate change}, volume = {13}, journal = {Nature climate change}, number = {7}, publisher = {Nature Publ. Group}, address = {London}, issn = {1758-678X}, doi = {10.1038/s41558-023-01711-7}, pages = {610 -- 612}, year = {2023}, abstract = {Under current land-use regulation, carbon dioxide emissions from biofuel production exceed those from fossil diesel combustion. Therefore, international agreements need to ensure the effective and globally comprehensive protection of natural land before modern bioenergy can effectively contribute to achieving carbon neutrality.}, language = {en} } @techreport{MatzatSchmeisser2023, type = {Working Paper}, author = {Matzat, Johannes and Schmeißer, Aiko}, title = {Do unions shape political ideologies at work?}, series = {CESifo Working Paper}, journal = {CESifo Working Paper}, number = {10301}, publisher = {CESifo GmbH (M{\"u}nchener Gesellschaft zur F{\"o}rderung der Wirtschaftswissenschaft)}, address = {M{\"u}nchen}, issn = {2364-1428}, pages = {61}, year = {2023}, abstract = {Labor unions' greatest potential for political influence likely arises from their direct connection to millions of individuals at the workplace. There, they may change the ideological positions of both unionizing workers and their non-unionizing management. In this paper, we analyze the workplace-level impact of unionization on workers' and managers' political campaign contributions over the 1980-2016 period in the United States. To do so, we link establishment-level union election data with transaction-level campaign contributions to federal and local candidates. In a difference-in-differences design that we validate with regression discontinuity tests and a novel instrumental variables approach, we find that unionization leads to a leftward shift of campaign contributions. Unionization increases the support for Democrats relative to Republicans not only among workers but also among managers, which speaks against an increase in political cleavages between the two groups. We provide evidence that our results are not driven by compositional changes of the workforce and are weaker in states with Right-to-Work laws where unions can invest fewer resources in political activities.}, language = {en} } @techreport{MatthewesVentura2022, type = {Working Paper}, author = {Matthewes, S{\"o}nke Hendrik and Ventura, Guglielmo}, title = {On Track to Success?}, series = {CEPA Discussion Papers}, journal = {CEPA Discussion Papers}, number = {58}, issn = {2628-653X}, doi = {10.25932/publishup-56725}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-567253}, pages = {70}, year = {2022}, abstract = {Many countries consider expanding vocational curricula in secondary education to boost skills and labour market outcomes among non-university-bound students. However, critics fear this could divert other students from more profitable academic education. We study labour market returns to vocational education in England, where until recently students chose between a vocational track, an academic track and quitting education at age 16. Identification is challenging because self-selection is strong and because students' next-best alternatives are unknown. Against this back- drop, we leverage multiple instrumental variables to estimate margin-specific treatment effects, i.e., causal returns to vocational education for students at the margin with academic education and, separately, for students at the margin with quitting education. Identification comes from variation in distance to the nearest vocational provider conditional on distance to the nearest academic provider (and vice-versa), while controlling for granular student, school and neighbourhood characteristics. The analysis is based on population-wide administrative education data linked to tax records. We find that the vast majority of marginal vocational students are indifferent be- tween vocational and academic education. For them, vocational enrolment substantially decreases earnings at age 30. This earnings penalty grows with age and is due to wages, not employment. However, consistent with comparative advantage, the penalty is smaller for students with higher revealed preferences for the vocational track. For the few students at the margin with no further education, we find merely tentative evidence of increased employment and earnings from vocational enrolment.}, language = {en} } @article{MatiaskeSchmidtHalbmeieretal.2023, author = {Matiaske, Wenzel and Schmidt, Torben Dall and Halbmeier, Christoph and Maas, Martina and Holtmann, Doris and Schr{\"o}der, Carsten and B{\"o}hm, Tamara and Liebig, Stefan and Kritikos, Alexander}, title = {SOEP-LEE2}, series = {Jahrb{\"u}cher f{\"u}r National{\"o}konomie und Statistik}, volume = {243}, journal = {Jahrb{\"u}cher f{\"u}r National{\"o}konomie und Statistik}, publisher = {De Gruyter Oldenbourg}, address = {Berlin}, issn = {0021-4027}, doi = {10.1515/jbnst-2023-0031}, pages = {14}, year = {2023}, abstract = {This article presents the new linked employee-employer study of the Socio-Economic Panel (SOEP-LEE2), which offers new research opportunities for various academic fields. In particular, the study contains two waves of an employer survey for persons in dependent work that is also linkable to the SOEP, a large representative German annual household panel (SOEP-LEE2-Core). Moreover, SOEP-LEE2 includes two waves of self-employed surveys based on self-employed in the SOEP-Core (SOEP-LEE2-Self-employed) and three additional representative employer surveys, independent of the SOEP in terms of sampling employers (SOEP-LEE2-Compare). Survey topics include digitalisation and cybersecurity, human capital formation, COVID-19, and human resource management. Here, we describe the content, survey design, and comparability of the different datasets in the SOEP-LEE2 to potential users in different disciplines of research.}, language = {en} } @techreport{MargaryanSaniterSchumannetal.2022, type = {Working Paper}, author = {Margaryan, Shushanik and Saniter, Nils and Schumann, Mathias and Siedler, Thomas}, title = {Do internships pay off?}, series = {Journal of human resources}, volume = {57}, journal = {Journal of human resources}, number = {4}, publisher = {University of Wisconsin Press}, address = {Madison}, issn = {0022-166X}, doi = {10.3368/jhr.57.4.0418-9460R2}, pages = {1242 -- 1275}, year = {2022}, abstract = {We study the causal effect of student internship experience in firms on earnings later in life. We use mandatory firm internships at German universities as an instrument for doing a firm internship while attending university. Employing longitudinal data from graduate surveys, we find positive and significant earnings returns of about 6 percent in both ordinary least squares (OLS) and instrumental variables (IV) regressions. The positive returns are particularly pronounced for individuals and areas of study that are characterized by a weak labor market orientation. The empirical findings show that graduates who completed a firm internship face a lower risk of unemployment during the first year of their careers, suggesting a smoother transition to the labor market.}, language = {en} } @article{MargaryanPaulSiedler2021, author = {Margaryan, Shushanik and Paul, Annemarie and Siedler, Thomas}, title = {Does education affect attitudes towards immigration?}, series = {Journal of human resources}, volume = {56}, journal = {Journal of human resources}, number = {2}, publisher = {University of Wisconsin Press}, address = {Madison}, issn = {0022-166X}, doi = {10.3368/jhr.56.2.0318-9372R1}, pages = {446 -- 479}, year = {2021}, abstract = {Using data from the German Socio-Economic Panel and exploiting the staggered implementation of a compulsory schooling reform in West Germany, this article finds that an additional year of schooling lowers the probability of being very concerned about immigration to Germany by around six percentage points (20 percent). Furthermore, our findings imply significant spillovers from maternal education to immigration attitudes of her offspring. While we find no evidence for returns to education within a range of labor market outcomes, higher social trust appears to be an important mechanism behind our findings.}, language = {en} } @article{MarcusSiedlerZiebarth2022, author = {Marcus, Jan and Siedler, Thomas and Ziebarth, Nicolas R.}, title = {The long-run effects of sports club vouchers for primary school children}, series = {American economic journal: economic policy}, volume = {14}, journal = {American economic journal: economic policy}, number = {3}, publisher = {American Economic Association}, address = {Nashville}, issn = {1945-7731}, doi = {10.1257/pol.20200431}, pages = {128 -- 165}, year = {2022}, abstract = {Childhood obesity is one of the most serious public health challenges of the twenty-first century. While small-scale experiments change behaviors among adults in the short run, we know little about the effectiveness of large-scale policies or the longer-run impacts. To nudge primary school children into a long-term habit of exercising, the German state of Saxony distributed sports club membership vouchers among all 33,000 third graders in 2009. In 2018, we carried out a register-based survey to evaluate the policy. Even after a decade, awareness of the voucher program was significantly higher in the treatment group. We also find that youth received and redeemed the vouchers. However, we do not find significant short- or long-term effects on sports club membership, physical activity, overweightness, or motor skills. Apparently, membership vouchers for children are not a strong enough policy tool to overcome barriers to exercise regularly.}, language = {en} } @techreport{MarcusSiedlerZiebarth2021, type = {Working Paper}, author = {Marcus, Jan and Siedler, Thomas and Ziebarth, Nicolas R.}, title = {The Long-Run Effects of Sports Club Vouchers for Primary School Children}, series = {CEPA Discussion Papers}, journal = {CEPA Discussion Papers}, number = {34}, issn = {2628-653X}, doi = {10.25932/publishup-50897}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-508978}, pages = {72}, year = {2021}, abstract = {Starting in 2009, the German state of Saxony distributed sports club membership vouchers among all 33,000 third graders in the state. The policy's objective was to encourage them to develop a long-term habit of exercising. In 2018, we carried out a large register-based survey among several cohorts in Saxony and two neighboring states. Our difference-in-differences estimations show that, even after a decade, awareness of the voucher program was significantly higher in the treatment group. We also find that youth received and redeemed the vouchers. However, we do not find significant short- or long-term effects on sports club membership, physical activity, overweightness, or motor skills.}, language = {en} } @article{MalikBertramKriegleretal.2021, author = {Malik, Aman and Bertram, Christoph and Kriegler, Elmar and Luderer, Gunnar}, title = {Climate policy accelerates structural changes in energy employment}, series = {Energy policy}, volume = {159}, journal = {Energy policy}, publisher = {Elsevier Science}, address = {Amsterdam}, issn = {0301-4215}, doi = {10.1016/j.enpol.2021.112642}, pages = {8}, year = {2021}, abstract = {The employment implications of decarbonizing the energy sector have received far less attention than the technology dimension of the transition, although being of critical importance to policymakers. In this work, we adapt a methodology based on employment factors to project future changes in quantity and composition of direct energy supply jobs for two scenarios - (1) relatively weak emissions reductions as pledged in the nationally determined contributions (NDC) and (2) stringent reductions compatible with the 1.5 °C target. We find that in the near-term the 1.5°C-compatible scenario results in a net increase in jobs through gains in solar and wind jobs in construction, installation, and manufacturing, despite significant losses in coal fuel supply; eventually leading to a peak in total direct energy jobs in 2025. In the long run, improvements in labour productivity lead to a decrease of total direct energy employment compared to today, however, total jobs are still higher in a 1.5 °C than in an NDC scenario. Operation and maintenance jobs dominate future jobs, replacing fuel supply jobs. The results point to the need for active policies aimed at retraining, both inside and outside the renewable energy sector, to complement climate policies within the concept of a "just transition".}, language = {en} } @article{LudererMadedduMerfortetal.2021, author = {Luderer, Gunnar and Madeddu, Silvia and Merfort, Leon and Ueckerdt, Falko and Pehl, Michaja and Pietzcker, Robert C. and Rottoli, Marianna and Schreyer, Felix and Bauer, Nico and Baumstark, Lavinia and Bertram, Christoph and Dirnaichner, Alois and Humpen{\"o}der, Florian and Levesque, Antoine and Popp, Alexander and Rodrigues, Renato and Strefler, Jessica and Kriegler, Elmar}, title = {Impact of declining renewable energy costs on electrification in low-emission scenarios}, series = {Nature energy}, volume = {7}, journal = {Nature energy}, number = {1}, publisher = {Nature Publishing Group}, address = {London}, issn = {2058-7546}, doi = {10.1038/s41560-021-00937-z}, pages = {32 -- 42}, year = {2021}, abstract = {Cost degression in photovoltaics, wind-power and battery storage has been faster than previously anticipated. In the future, climate policy to limit global warming to 1.5-2 °C will make carbon-based fuels increasingly scarce and expensive. Here we show that further progress in solar- and wind-power technology along with carbon pricing to reach the Paris Climate targets could make electricity cheaper than carbon-based fuels. In combination with demand-side innovation, for instance in e-mobility and heat pumps, this is likely to induce a fundamental transformation of energy systems towards a dominance of electricity-based end uses. In a 1.5 °C scenario with limited availability of bioenergy and carbon dioxide removal, electricity could account for 66\% of final energy by mid-century, three times the current levels and substantially higher than in previous climate policy scenarios assessed by the Intergovernmental Panel on Climate Change. The lower production of bioenergy in our high-electrification scenarios markedly reduces energy-related land and water requirements.}, language = {en} } @article{LessmannKalkuhl2023, author = {Lessmann, Kai and Kalkuhl, Matthias}, title = {Climate finance intermediation}, series = {Journal of the Association of Environmental and Resource Economists}, volume = {11}, journal = {Journal of the Association of Environmental and Resource Economists}, number = {1}, publisher = {University of Chicago Press}, address = {Chicago, IL}, issn = {2333-5955}, doi = {10.1086/725920}, pages = {213 -- 251}, year = {2023}, abstract = {Interest rates are central determinants of saving and investment decisions. Costly financial intermediation distorts these price signals by creating a spread between deposit and loan rates. This study investigates how bank spreads affect climate policy in its ambition to redirect capital. We identify various channels through which interest spreads affect carbon emissions in a dynamic general equilibrium model. Interest rate spreads increase abatement costs due to the higher relative price for capital-intensive carbon-free energy, but they also tend to reduce emissions due to lower overall economic growth. For the global average interest rate spread of 5.1 percentage points, global warming increases by 0.2°C compared to the frictionless economy. For a given temperature target to be achieved, interest rate spreads necessitate substantially higher carbon taxes. When spreads arise from imperfect competition in the intermediation sector, the associated welfare costs can be reduced by clean energy subsidies or even eliminated by economy-wide investment subsidies.}, language = {en} } @article{KritikosSchierschStiel2022, author = {Kritikos, Alexander and Schiersch, Alexander and Stiel, Caroline}, title = {The productivity shock in business services}, series = {Small business economics}, volume = {59}, journal = {Small business economics}, number = {3}, publisher = {Springer Science + Business Media B.V.}, address = {Dordrecht}, issn = {0921-898X}, doi = {10.1007/s11187-022-00625-6}, pages = {1273 -- 1299}, year = {2022}, abstract = {In Germany, the productivity of professional services, a sector dominated by SME, declined by 40 percent between 1995 and 2014. Similar developments can be observed in several other European economies. Using a German dataset with 700,000 firm-level observations, we analyze this largely undiscovered phenomenon in professional services, the fourth largest sector of the business economy in the EU-15, which provides important inputs to the economy and has experienced substantial growth in both output and employment since the turn of the millennium. We find that changes in the value chain explain about half of the decline and that increases in part-time employment account for another small part. Contrary to expectations, the entry of micro and small firms is not responsible for the decline, despite their lower productivity levels. Further, we cannot confirm the conjecture that weakening competition has led to an increase in the number of unproductive firms remaining in the markets and that this has led to a lower average productivity.}, language = {en} } @techreport{KritikosSchierschStiel2021, type = {Working Paper}, author = {Kritikos, Alexander and Schiersch, Alexander and Stiel, Caroline}, title = {The productivity puzzle in business services}, series = {CEPA Discussion Papers}, journal = {CEPA Discussion Papers}, number = {37}, issn = {2628-653X}, doi = {10.25932/publishup-51453}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-514536}, pages = {37}, year = {2021}, abstract = {In Germany, the productivity of professional services, a sector dominated by micro and small firms, declined by 40 percent between 1995 and 2014. This productivity decline also holds true for professional services in other European countries. Using a German firm-level dataset of 700,000 observations between 2003 and 2017, we analyze this largely uncovered phenomenon among professional services, the 4th largest sector in the EU15 business economy, which provide important intermediate services for the rest of the economy. We show that changes in the value chain explain about half of the decline and the increase in part-time employment is a further minor part of the decline. In contrast to expectations, the entry of micro and small firms, despite their lower productivity levels, is not responsible for the decline. We also cannot confirm the conjecture that weakening competition allows unproductive firms to remain in the market.}, language = {en} } @techreport{KritikosMalirantaNippalaetal.2024, type = {Working Paper}, author = {Kritikos, Alexander and Maliranta, Mika and Nippala, Veera and Nurmi, Satu}, title = {Does gender of firm ownership matter?}, series = {CEPA Discussion Papers}, journal = {CEPA Discussion Papers}, number = {76}, issn = {2628-653X}, doi = {10.25932/publishup-63619}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-636194}, pages = {1 -- 39}, year = {2024}, abstract = {We examine how the gender of business-owners is related to the wages paid to female relative to male employees working in their firms. Using Finnish register data and employing firm fixed effects, we find that the gender pay gap is - starting from a gender pay gap of 11 to 12 percent - two to three percentage-points lower for hourly wages in female-owned firms than in male-owned firms. Results are robust to how the wage is measured, as well as to various further robustness checks. More importantly, we find substantial differences between industries. While, for instance, in the manufacturing sector, the gender of the owner plays no role for the gender pay gap, in several service sector industries, like ICT or business services, no or a negligible gender pay gap can be found, but only when firms are led by female business owners. Businesses in male ownership maintain a gender pay gap of around 10 percent also in the latter industries. With increasing firm size, the influence of the gender of the owner, however, fades. In large firms, it seems that others - firm managers - determine wages and no differences in the pay gap are observed between male- and female-owned firms.}, language = {en} } @incollection{Kritikos2022, author = {Kritikos, Alexander}, title = {Personality and entrepreneurship}, series = {Handbook of labor, human resources and population economics}, booktitle = {Handbook of labor, human resources and population economics}, editor = {Zimmermann, Klaus F.}, publisher = {Springer International Publishing}, address = {Cham}, isbn = {978-3-319-57365-6}, doi = {10.1007/978-3-319-57365-6_305-1}, pages = {1 -- 20}, year = {2022}, abstract = {Does personality matter? Is an individual who is open to experience more or less likely to become an entrepreneur? Is it better to score low or high in agreeableness for surviving as an entrepreneur? To the extent that personality captures one part of entrepreneurial abilities, which are usually unobservable, the analysis of traits and personality characteristics helps better understanding such abilities. This chapter reviews research on the relationship between personality and entrepreneurship since 2000 and shows that possessing certain personality characteristics will make it more likely that an individual will start an own business and hire staff. More specifically, with respect to the entry decision, research finds that nearly all so-called Big Five factors as well as several specific personality characteristics influence the entry probability into entrepreneurship. Further, entrepreneurs are more likely to hire, the higher they score in risk tolerance, trust, openness to experience, and conscientiousness. However, different factors such as low scores in agreeableness, the only Big Factor that does not affect entrepreneurial entry, influence entrepreneurial survival. And for some of characteristics that influence entrepreneurial entry, like high scores in the factor openness for experience or in risk tolerance, "revolving door effects" are found, explaining why some entrepreneurs subsequently exit again the market.}, language = {en} } @article{KotzWenzStechemesseretal.2021, author = {Kotz, Maximilian and Wenz, Leonie and Stechemesser, Annika and Kalkuhl, Matthias and Levermann, Anders}, title = {Day-to-day temperature variability reduces economic growth}, series = {Nature climate change}, volume = {11}, journal = {Nature climate change}, number = {4}, publisher = {Nature Publishing Group}, address = {London}, issn = {1758-678X}, doi = {10.1038/s41558-020-00985-5}, pages = {319 -- 325}, year = {2021}, abstract = {Elevated annual average temperature has been found to impact macro-economic growth. However, various fundamental elements of the economy are affected by deviations of daily temperature from seasonal expectations which are not well reflected in annual averages. Here we show that increases in seasonally adjusted day-to-day temperature variability reduce macro-economic growth independent of and in addition to changes in annual average temperature. Combining observed day-to-day temperature variability with subnational economic data for 1,537 regions worldwide over 40 years in fixed-effects panel models, we find that an extra degree of variability results in a five percentage-point reduction in regional growth rates on average. The impact of day-to-day variability is modulated by seasonal temperature difference and income, resulting in highest vulnerability in low-latitude, low-income regions (12 percentage-point reduction). These findings illuminate a new, global-impact channel in the climate-economy relationship that demands a more comprehensive assessment in both climate and integrated assessment models.}, language = {en} } @article{KornherKalkuhl2019, author = {Kornher, Lukas and Kalkuhl, Matthias}, title = {The gains of coordination - When does regional cooperation for food security make sense?}, series = {Global Food Security - AGRICULTURE POLICY ECONOMICS AND ENVIRONMENT}, volume = {22}, journal = {Global Food Security - AGRICULTURE POLICY ECONOMICS AND ENVIRONMENT}, publisher = {Elsevier}, address = {Amsterdam}, issn = {2211-9124}, doi = {10.1016/j.gfs.2019.09.004}, pages = {37 -- 45}, year = {2019}, abstract = {With the onset of the global food crisis, the discussion about the use and misuse of agricultural market interventions regained academic attention. As a result of economies of scale, centralized policy implementation at the regional level has the potential to reduce the budgetary costs of policies. Borrowing from the literature on international unions and international policy coordination, we develop a conceptual framework to analyze when regional policy implementation makes sense. This is the case whenever spill-overs from centralization are large and policy preferences, driven by country-specific characteristics, are homogeneous. Subsequently, we examine the advantageousness of centralized policy implementation for the West African region regarding the most common food security policies. We show that centralization of trade policies and emergency food reserves is beneficial, while buffer stocks, safety net policies, and producer support policies should be implemented at the national level.}, language = {en} }