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  1. Regional structural change and the effects of job loss
    Autor*in: Arntz, Melanie; Ivanov, Boris; Pohlan, Laura
    Erschienen: [2022]
    Verlag:  ZEW - Leibniz Centre for European Economic Research, Mannheim, Germany

    Routine-intensive occupations have been declining in many countries, but how does this affect individual workers’ careers if this decline is particularly severe in their local labor market? This paper uses administrative data from Germany and a... mehr

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    DS 15
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    Standort:
    Universitätsbibliothek Mannheim
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    Routine-intensive occupations have been declining in many countries, but how does this affect individual workers’ careers if this decline is particularly severe in their local labor market? This paper uses administrative data from Germany and a matched difference-in-differences approach to show that the individual costs of job loss strongly depend on the task-bias of regional structural change. Workers displaced from routine manual occupations have substantially higher and more persistent employment and wage losses in regions where such occupations decline the most. Regional and occupational mobility partly serve as an adjustment mechanism, but come at high cost as these switches also involve losses in firm wage premia. Non-displaced workers, by contrast, remain largely unaffected by structural change.

     
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    Weitere Identifier:
    hdl: 10419/261295
    Schriftenreihe: Discussion paper / ZEW ; no. 22, 019 (06/2022)
    Schlagworte: routine-biased structural change; local labor markets; displacement; mass-layoffs; plant closures; matching; difference-in-differences; event study
    Umfang: 1 Online-Ressource (55 Seiten), Illustrationen
  2. Age-specific effects of early daycare on children's health
    Autor*in: Barschkett, Mara
    Erschienen: 2022
    Verlag:  DIW Berlin, German Institute for Economic Research, Berlin

    Over the past decades, the share of very young children in daycare has increased significantly in many OECD countries, including Germany. Despite the relevance of child health for child development and later life success, the effect of early daycare... mehr

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    Over the past decades, the share of very young children in daycare has increased significantly in many OECD countries, including Germany. Despite the relevance of child health for child development and later life success, the effect of early daycare attendance on health has received little attention in the economic literature. In this study, I investigate the impact of a large daycare expansion in Germany on children's age-specific mental and physical health outcomes. Based on a unique set of administrative health records covering 90% of the German population over a period of ten years, I exploit exogenous variation in daycare attendance induced by the expansion. My results provide evidence for the substitution of illness spells from the first years of elementary school to the first years of daycare. Specifically, I find that early daycare attendance increases the prevalence of respiratory and infectious diseases and healthcare consumption when entering daycare (1-2 years) by 5-6 percent. At elementary school age (6-10 years), the prevalence decreases by similar magnitudes. I do not find evidence for an effect of daycare attendance on mental disorders, obesity, injuries, vision problems, or healthcare costs. Heterogeneity analysis indicates more pronounced effects for children from disadvantaged areas, earlier detection of vision problems, and a reduction in obesity in these children.

     
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    hdl: 10419/267514
    Schriftenreihe: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 2028
    Schlagworte: child care; daycare expansion; physical health; mental health; education; administrative health records; difference-in-differences; event study
    Umfang: 1 Online-Ressource (circa 89 Seiten), Illustrationen
  3. A note on testing AR and CAR for event studies
    Autor*in: Nguyen Phuong Anh; Wolf, Michael
    Erschienen: January 2023
    Verlag:  University of Zurich, Department of Economics, Zurich

    Return event studies generally involve several companies but there are also cases when only one company is involved. This makes the relevant testing problems, abnormal return (AR) and cumulative abnormal return (CAR), more difficult since one cannot... mehr

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    Return event studies generally involve several companies but there are also cases when only one company is involved. This makes the relevant testing problems, abnormal return (AR) and cumulative abnormal return (CAR), more difficult since one cannot exploit the multitude of companies (by using a relevant central limit theorem, say). We propose a permutation test that is valid under weaker conditions than the tests that have previously proposed in the literature in this context. We address the question of the power of the test via a brief simulation study and also illustrate the method with two applications to real data.

     
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    Schriftenreihe: Working paper series / University of Zurich, Department of Economics ; no. 425
    Schlagworte: Cumulative abnormal return; event study; permutation test
    Umfang: 1 Online-Ressource (circa 15 Seiten)
  4. The multigenerational impact of children and childcare policies
    Autor*in: Karademir, Sencer; Laliberté, Jean-William; Staubli, Stefan
    Erschienen: January 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    The disproportionate impact of children on women's earnings constitutes the primary factor contributing to persistent gender inequality in many countries. This paper examines the multigenerational impact of children and whether the public provision... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    The disproportionate impact of children on women's earnings constitutes the primary factor contributing to persistent gender inequality in many countries. This paper examines the multigenerational impact of children and whether the public provision of formal childcare lessens the earnings and employment impacts of children. Our analyses notably incorporate the role of grandparents as informal providers of childcare. We find that the arrival of a firstborn reduces the employment and earnings of mothers and grandmothers, suggesting that the life-cycle impact of children on women is larger than previously thought. Studying the implementation of a universal childcare program in the province of Quebec, we find that formal childcare increases the employment rates of mothers, as well as that of grandmothers to a lesser extent. Examining heterogeneity of the program's impact across census divisions, we find a negative correlation between the magnitude of the positive effects on mothers' employment and the pre-policy supply of informal childcare by grandmothers. Our findings together indicate that (1) analyses of social policies should consider broader family units and (2) the impact of childcare policies on mothers depends on pre-existing care arrangements, particularly the amount of care provided by grandparents.

     
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    hdl: 10419/272521
    Schriftenreihe: Discussion paper series / IZA ; no. 15894
    Schlagworte: Kinderbetreuung; Großeltern; Eltern; Reformpolitik; childcare policies; labour supply; grandparents; parents; event study; policy reform
    Umfang: 1 Online-Ressource (circa 74 Seiten), Illustrationen
  5. A local projections approach to difference-in-differences event studies
    Autor*in: Dube, Arindrajit; Girardi, Daniele; Jordà, Òscar; Taylor, Alan M.
    Erschienen: 05 May 2023
    Verlag:  Centre for Economic Policy Research, London

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    Universitätsbibliothek Mannheim
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    Schriftenreihe: Array ; DP18141
    Schlagworte: difference-in-differences; two-way fixed effects; event study; negative weights; localprojections; clean controls
    Umfang: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  6. Financial crime and punishment
    a meta-analysis
    Autor*in: Batz, Laure de; Kočenda, Evžen
    Erschienen: June 2023
    Verlag:  CESifo, Munich, Germany

    We provide the first quantitative synthesis of the literature on how financial markets react to the disclosure of financial crimes committed by listed firms. While consensus expects negative stock price returns, the exact size of the effect is far... mehr

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    We provide the first quantitative synthesis of the literature on how financial markets react to the disclosure of financial crimes committed by listed firms. While consensus expects negative stock price returns, the exact size of the effect is far from clear. We survey 111 studies published over three decades, from which we collect 480 estimates from event studies. Then, we perform a thorough meta-analysis based on the most recent available techniques. We show that the negative abnormal returns found in the literature seem to be exaggerated by more than three times. Hence, the "punishment" effect, including a reputational penalty, suffers from a serious publication bias. After controlling for this bias, negative abnormal returns suggest the existence of an informational effect. We also document that accounting frauds, crimes committed in common-law countries such as the United States, and allegations are particularly severely sanctioned by financial markets, while the information channels and types of procedures do not influence market reactions.

     
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    hdl: 10419/279278
    Schriftenreihe: CESifo working papers ; 10528 (2023)
    Schlagworte: meta-analysis; event study; financial misconduct; trust; information and market efficiency; listed companies; crime
    Umfang: 1 Online-Ressource (circa 82 Seiten), Illustrationen
  7. Disability and labor market performance
    Autor*in: Collischon, Matthias; Hiesinger, Karolin; Pohlan, Laura
    Erschienen: April 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper analyzes the individual-level effects of disability onset on labor market outcomes using novel administrative data from Germany. Combining propensity score matching techniques with an event-study design, we find lasting negative impacts on... mehr

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    This paper analyzes the individual-level effects of disability onset on labor market outcomes using novel administrative data from Germany. Combining propensity score matching techniques with an event-study design, we find lasting negative impacts on employment and wages. One important mechanism is transitions to nonemployment after disability onset: newly disabled individuals' probability of becoming nonemployed increases by 10 percentage points after one year and by 15 percentage points after five years relative to that of the control group. For those who stay in employment, working part-time and switching to less physically or psychosocially demanding jobs are important adjustment paths. The negative labor market effects of disability onset are more pronounced for severely disabled, older and low-skilled individuals.

     
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    hdl: 10419/272727
    Schriftenreihe: Discussion paper series / IZA ; no. 16100
    Schlagworte: disability; labor market outcomes; propensity score matching; event study
    Umfang: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  8. Reconciling estimates of the long-term earnings effect of fertility
    Autor*in: Bensnes, Simon; Huitfeldt, Ingrid; Leuven, Edwin
    Erschienen: May 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper presents novel methodological and empirical contributions to the child penalty literature. We propose a new estimator that combines elements from standard event study and instrumental variable estimators and demonstrate their relatedness.... mehr

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    This paper presents novel methodological and empirical contributions to the child penalty literature. We propose a new estimator that combines elements from standard event study and instrumental variable estimators and demonstrate their relatedness. Our analysis shows that all three approaches yield substantial estimates of the long-term impact of children on the earnings gap between mothers and their partners, commonly known as the child penalty, ranging from 11 to 18 percent. However, the models not only estimate different magnitudes of the child penalty, they also lead to very different conclusions as to whether it is mothers or partners who drive this penalty - the key policy concern. While the event study attributes the entire impact to mothers, our results suggest that maternal responses account for only around one fourth of the penalty. Our paper also has broader implications for event-study designs. In particular, we assess the validity of the event-study assumptions using external information and characterize biases arising from selection in treatment timing. We find that women time fertility as their earnings profile flattens. The implication of this is that the event-study overestimates women's earnings penalty as it relies on estimates of counterfactual wage profiles that are too high. These new insights in the nature of selection into fertility show that common intuitions regarding parallel trend assumptions may be misleading, and that pre-trends may be uninformative about the sign of the selection bias in the treatment period.

     
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    hdl: 10419/278872
    Schriftenreihe: Discussion paper series / IZA ; no. 16174
    Schlagworte: child penalty; female labor supply; event study; instrumental variable
    Umfang: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  9. The multigenerational impact of children and childcare policies
    Autor*in: Karademir, Sencer; Laliberté, Jean-William; Staubli, Stefan
    Erschienen: January 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    The disproportionate impact of children on women's earnings constitutes the primary factor contributing to persistent gender inequality in many countries. This paper examines the multigenerational impact of children and whether the public provision... mehr

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    The disproportionate impact of children on women's earnings constitutes the primary factor contributing to persistent gender inequality in many countries. This paper examines the multigenerational impact of children and whether the public provision of formal childcare lessens the earnings and employment impacts of children. Our analyses notably incorporate the role of grandparents as informal providers of childcare. We find that the arrival of a firstborn reduces the employment and earnings of mothers and grandmothers, suggesting that the life-cycle impact of children on women is larger than previously thought. Studying the implementation of a universal childcare program in the province of Quebec, we find that formal childcare increases the employment rates of mothers, as well as that of grandmothers to a lesser extent. Examining heterogeneity of the program's impact across census divisions, we find a negative correlation between the magnitude of the positive effects on mothers' employment and the pre-policy supply of informal childcare by grandmothers. Our findings together indicate that (1) analyses of social policies should consider broader family units and (2) the impact of childcare policies on mothers depends on pre-existing care arrangements, particularly the amount of care provided by grandparents.

     
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    Weitere Identifier:
    hdl: 10419/272521
    Schriftenreihe: Discussion paper series / IZA ; no. 15894
    Schlagworte: Kinderbetreuung; Großeltern; Eltern; Reformpolitik; childcare policies; labour supply; grandparents; parents; event study; policy reform
    Umfang: 1 Online-Ressource (circa 74 Seiten), Illustrationen
  10. Why does the yield curve predict GDP growth?
    the role of banks
    Autor*in: Minoiu, Camelia; Schneider, Andrés; Wei, Min
    Erschienen: [2023]
    Verlag:  Federal Reserve Bank of Atlanta, Atlanta, GA

    We provide evidence on the effect of the slope of the yield curve on economic activity through bank lending. Using detailed data on banks' lending activities coupled with term premium shocks identified using high-frequency event study or instrumental... mehr

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    We provide evidence on the effect of the slope of the yield curve on economic activity through bank lending. Using detailed data on banks' lending activities coupled with term premium shocks identified using high-frequency event study or instrumental variables, we show that a steeper yield curve associated with higher term premiums (rather than higher expected short rates) boosts bank profits and the supply of bank loans. Intuitively, a higher term premium represents greater expected profits on maturity transformation, which is at the core of banks' business model, and therefore incentivizes bank lending. This effect is stronger for ex-ante more leveraged banks. We rationalize our findings in a portfolio model for banks.

     
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    hdl: 10419/279469
    Schriftenreihe: Working paper series / Federal Reserve Bank of Atlanta ; 2023, 14 (September 2023)
    Schlagworte: predictive power of the yield curve; term spread; term premium; bank lending; bank probability; event study; instrumental variable
    Umfang: 1 Online-Ressource (circa 61 Seiten), Illustrationen
  11. Does shareholder activism have a long-lasting impact on company value?
    a meta-analysis
    Autor*in: Bajzík, Josef
    Erschienen: 2023
    Verlag:  Czech National Bank, Economic Research Department, Praha

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    Schriftenreihe: Working paper series / Czech National Bank ; 2023, 10
    Schlagworte: Abnormal return; event study; long run; meta-analysis; model averaging,publication bias; shareholder activism
    Umfang: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  12. Long-term volatility shapes the stock market’s sensitivity to news
    Autor*in: Conrad, Christian; Schölkopf, Julius; Tushteva, Nikoleta
    Erschienen: 05 Dez. 2023
    Verlag:  Universitätsbibliothek Heidelberg, Heidelberg

    We show that the S&P 500’s instantaneous response to surprises in U.S. macroeconomic announcements depends on the level of long-term stock market volatility. When long-term volatility is high, stock returns are more sensitive to news, and there is a... mehr

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    Universitätsbibliothek Heidelberg
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    We show that the S&P 500’s instantaneous response to surprises in U.S. macroeconomic announcements depends on the level of long-term stock market volatility. When long-term volatility is high, stock returns are more sensitive to news, and there is a pronounced asymmetry in the response to good and bad news. We explain this by combining the Campbell-Shiller log-linear present value framework with a two-component volatility model for the conditional variance of cash flow news and allowing for volatility feedback. In our model, innovations to the long-term volatility component are the most important driver of discount rate news. Large announcement surprises lead to upward revisions in future required returns, which dampens/amplifies the effect of good/bad news.

     
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    Weitere Identifier:
    hdl: 10419/283465
    Schriftenreihe: AWI discussion paper series ; no. 739 (November 2023)
    Schlagworte: event study; long- and short-term volatility; macroeconomic announcements; stock market response; time-varying risk premia; volatility feedback effect
    Umfang: 1 Online-Ressource (51 Seiten), Diagramme
  13. Pricing protest
    the response of financial markets to social unrest
    Autor*in: Barrett, Philip; Bondar, Mariia; Chen, Sophia; Chivakul, Mali; Igan, Deniz
    Erschienen: March 2021
    Verlag:  International Monetary Fund, [Washington, DC]

    Using a new daily index of social unrest, we provide systematic evidence on the negative impact of social unrest on stock market performance. An average social unrest episode in an typical country causes a 1.4 percentage point drop in cumulative... mehr

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    Using a new daily index of social unrest, we provide systematic evidence on the negative impact of social unrest on stock market performance. An average social unrest episode in an typical country causes a 1.4 percentage point drop in cumulative abnormal returns over a two-week event window. This drop is more pronounced for events that last longer and for events that happen in emerging markets. Stronger institutions, particularly better governance and more democratic systems, mitigate the adverse impact of social unrest on stock market returns

     
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    Quelle: Staatsbibliothek zu Berlin
    Sprache: Englisch
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    ISBN: 9781513572765
    Weitere Identifier:
    Schriftenreihe: IMF working paper ; WP/21, 79
    Schlagworte: Social unrest; stock markets; abnormal returns; event study; institutions; Abnormal Returns; Event Study; Institutions; Social Unrest; Stock Markets
    Umfang: 1 Online-Ressource (circa 71 Seiten), Illustrationen
  14. Crossing the credit channel
    credit spreads and firm heterogeneity
    Autor*in: Anderson, Gareth; Cesa-Bianchi, Ambrogio
    Erschienen: December 2020
    Verlag:  International Monetary Fund, [Washington, DC]

    Credit spreads rise after a monetary policy tightening, yet spread reactions are heterogeneous across firms. Exploiting information from a panel of corporate bonds matched with balance sheet data for U.S. non-financial firms, we document that firms... mehr

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    Credit spreads rise after a monetary policy tightening, yet spread reactions are heterogeneous across firms. Exploiting information from a panel of corporate bonds matched with balance sheet data for U.S. non-financial firms, we document that firms with high leverage experience a more pronounced increase in credit spreads than firms with low leverage. A large fraction of this increase is due to a component of credit spreads that is in excess of firms' expected default. Our results suggest that frictions in the financial intermediation sector play a crucial role in shaping the transmission mechanism of monetary policy

     
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    ISBN: 9781513563336
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    Schriftenreihe: IMF working paper ; WP/20, 267
    Schlagworte: monetary policy; heterogeneity; credit spreads; excess bond premium; credit channel; financial accelerator; event study; Credit Channel; Credit Spreads; Excess Bond Premium; Heterogeneity; Monetary Policy
    Umfang: 1 Online-Ressource (circa 68 Seiten), Illustrationen
  15. Hang in there
    stock market reactions to withdrawals of COVID-19 stimulus measures
    Autor*in: Chan-Lau, Jorge A.; Zhao, Yunhui
    Erschienen: December 2020
    Verlag:  International Monetary Fund, [Washington, DC]

    The COVID-19 pandemic prompted unprecedented economic stimulus worldwide. We empirically examine the impact of a withdrawal of fiscal stimulus policies on the stock markets. After constructing a database of withdrawal events, we use event study... mehr

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    The COVID-19 pandemic prompted unprecedented economic stimulus worldwide. We empirically examine the impact of a withdrawal of fiscal stimulus policies on the stock markets. After constructing a database of withdrawal events, we use event study analysis and cross-country regressions to assess the difference between the pre- and post-event stock price returns. We find that markets react negatively to premature withdrawals-defined as withdrawals at a time when the daily COVID cases are high relative to their historical average-likely reflecting concerns about the withdrawal impact on the prospects for economic recovery. The design of a successful exit strategy from COVID-19 policy responses should account for these concerns

     
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    ISBN: 9781513564753
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    Schriftenreihe: IMF working paper ; WP/20, 285
    Schlagworte: Antizyklische Finanzpolitik; Aktienmarkt; Coronavirus; Ankündigungseffekt; Wirkungsanalyse; Börsenkurs; stock prices; event study; exit strategy; COVID-19; COVID-19; Event Study; Exit Strategy; Stock Prices
    Umfang: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  16. Do wind turbines have adverse health impacts?
    Autor*in: Krekel, Christian; Rode, Johannes; Roth, Alexander
    Erschienen: [2023]
    Verlag:  German Socio-Economic Panel (SOEP), DIW Berlin, Berlin, Germany

    While wind power is considered key in the transition towards net zero, there are concerns about adverse health impacts on nearby residents. Based on precise geographical coordinates, we link a representative longitudinal household panel to all wind... mehr

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    While wind power is considered key in the transition towards net zero, there are concerns about adverse health impacts on nearby residents. Based on precise geographical coordinates, we link a representative longitudinal household panel to all wind turbines in Germany and exploit their staggered rollout over two decades for identification. We do not find evidence of negative effects on general, mental, or physical health in the 12-Item Short Form Survey (SF12), nor on self-assessed health or doctor visits. We also do not find evidence for effects on suicides, an extreme measure of negative mental health outcomes, at the county level.

     
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    Schriftenreihe: SOEPpapers on multidisciplinary panel data research ; 1197 (2023)
    Schlagworte: wind turbines; externalities; health; renewable energy; difference-in-differences; event study
    Umfang: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  17. The effect of U.S. climate policy on financial markets
    an event study of the inflation reduction act
    Autor*in: Bauer, Michael D.; Offner, Eric A.; Rudebusch, Glenn D.
    Erschienen: November 2023
    Verlag:  CESifo, Munich, Germany

    The Inflation Reduction Act of 2022 (IRA) represents the largest climate policy action ever undertaken in the United States. Its legislative path was marked by two abrupt shifts as the likelihood of climate policy action fell to near zero and then... mehr

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    The Inflation Reduction Act of 2022 (IRA) represents the largest climate policy action ever undertaken in the United States. Its legislative path was marked by two abrupt shifts as the likelihood of climate policy action fell to near zero and then rose to near certainty. We investigate equity price reactions to these two events, which represent major realizations of climate policy transition risk. Our results highlight the heterogeneous nature of climate policy risk exposure. We find sizable reactions that differ by industry as well as across firm-level measures of greenness such as environmental scores and emission intensities. While the financial market response to the IRA was economically significant, it did not lead to instability or financial stress, suggesting that transition risks posed by climate policies even as ambitious as the IRA may be manageable.

     
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    Schriftenreihe: CESifo working papers ; 10739 (2023)
    Schlagworte: transition risk; stranded assets; event study; carbon emissions; ESG scores; green stocks; brown stocks
    Umfang: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  18. Reconciling estimates of the long-term earnings effect of fertility
    Autor*in: Bensnes, Simon; Huitfeldt, Ingrid; Leuven, Edwin
    Erschienen: August 2023
    Verlag:  Statistics Norway, Research Department, Oslo

    This paper presents novel methodological and empirical contributions to the child penalty literature. We propose a new estimator that combines elements from standard event study and instrumental variable estimators and demonstrate their relatedness.... mehr

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    This paper presents novel methodological and empirical contributions to the child penalty literature. We propose a new estimator that combines elements from standard event study and instrumental variable estimators and demonstrate their relatedness. Our analysis shows that all three approaches yield substantial estimates of the long-term impact of children on the earnings gap between mothers and their partners, commonly known as the child penalty, ranging from 11 to 18 percent. However, the models not only estimate different magnitudes of the child penalty, they also lead to very different conclusions as to whether it is mothers or partners who drive this penalty - the key policy concern. While the event study attributes the entire impact to mothers, our results suggest that maternal responses account for only around one fourth of the penalty. Our paper also has broader implications for event-study designs. In particular, we assess the validity of the event-study assumptions using external information and characterize biases arising from selection in treatment timing. We find that women time fertility as their earnings profile flattens. The implication of this is that the event-study overestimates women's earnings penalty as it relies on estimates of counterfactual wage profiles that are too high. These new insights in the nature of selection into fertility show that common intuitions regarding parallel trend assumptions may be misleading, and that pre-trends may be uninformative about the sign of the selection bias in the treatment period.

     
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    Schriftenreihe: Discussion papers / Statistics Norway, Research Department ; 1004
    Schlagworte: Child penalty; female labor supply; event study; instrumental variable
    Umfang: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  19. Do wind turbines have adverse health impacts?
    Autor*in: Krekel, Christian; Rode, Johannes; Roth, Alexander
    Erschienen: 2023
    Verlag:  DIW Berlin, German Institute for Economic Research, Berlin

    While wind power is considered key in the transition towards net zero, there are concerns about adverse health impacts on nearby residents. Based on precise geographical coordinates, we link a representative longitudinal household panel to all wind... mehr

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    While wind power is considered key in the transition towards net zero, there are concerns about adverse health impacts on nearby residents. Based on precise geographical coordinates, we link a representative longitudinal household panel to all wind turbines in Germany and exploit their staggered rollout over two decades for identification. We do not find evidence of negative effects on general, mental, or physical health in the 12-Item Short Form Survey (SF12), nor on self-assessed health or doctor visits. We also do not find evidence for effects on suicides, an extreme measure of negative mental health outcomes, at the county level.

     
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    Schriftenreihe: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 2054
    Schlagworte: wind turbines; externalities; health; renewable energy; difference-in-differences; event study
    Umfang: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  20. Do wind turbines have adverse health impacts?
    Autor*in: Krekel, Christian; Rode, Johannes; Roth, Alexander
    Erschienen: [2023]
    Verlag:  Centre for Economic Performance, London School of Economics and Political Science, London

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    Schriftenreihe: Discussion paper / Centre for Economic Performance ; no. 1950 (October 2023)
    Schlagworte: wind turbines; externalities; health; renewable energy; difference-in-differences; event study
    Umfang: 1 Online-Ressource (circa 61 Seiten), Illustrationen
  21. The effect of U.S. climate policy on financial markets
    an event study of the inflation reduction act
    Autor*in: Bauer, Michael D.; Offner, Eric A.; Rudebusch, Glenn D.
    Erschienen: [2023]
    Verlag:  Federal Reserve Bank of San Francisco, [San Francisco, CA]

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    Schriftenreihe: Working papers series / Federal Reserve Bank of San Francisco ; 2023, 30 (September 2023)
    Schlagworte: transition risk; stranded assets; event study; carbon emissions; ESG scores; green stocks; brown stocks
    Umfang: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  22. Why does the yield curve predict GDP growth?
    the role of banks
    Autor*in: Minoiu, Camelia; Schneider, Andrés; Wei, Min
    Erschienen: July 10, 2023
    Verlag:  Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C.

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    Auflage/Ausgabe: This draft: July 10, 2023
    Schriftenreihe: Finance and economics discussion series ; 2023, 049
    Schlagworte: predictive power of the yield curve; term spread; term premium; bank lending; bankprofitability; event study; instrumental variable
    Umfang: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  23. Do wind turbines have adverse health impacts?
    Autor*in: Krekel, Christian; Rode, Johannes; Roth, Alexander
    Erschienen: October 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    While wind power is considered key in the transition towards net zero, there are concerns about adverse health impacts on nearby residents. Based on precise geographical coordinates, we link a representative longitudinal household panel to all wind... mehr

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    While wind power is considered key in the transition towards net zero, there are concerns about adverse health impacts on nearby residents. Based on precise geographical coordinates, we link a representative longitudinal household panel to all wind turbines in Germany and exploit their staggered rollout over two decades for identification. We do not find evidence of negative effects on general, mental, or physical health in the 12-Item Short Form Survey (SF- 12), nor on self-assessed health or doctor visits. We also do not find evidence for effects on suicides, an extreme measure of negative mental health outcomes, at the county level.

     
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    hdl: 10419/282632
    Schriftenreihe: Discussion paper series / IZA ; no. 16505
    Schlagworte: wind turbines; externalities; health; renewable energy; difference-in-differences; event study
    Umfang: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  24. A local projections approach to difference-in-differences event studies
    Autor*in: Dube, Arindrajit; Girardi, Daniele; Jordà, Òscar; Taylor, Alan M.
    Erschienen: [2023]
    Verlag:  Federal Reserve Bank of San Francisco, [San Francisco, CA]

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    Schriftenreihe: Working papers series / Federal Reserve Bank of San Francisco ; 2023, 12 (April 2023)
    Schlagworte: difference-in-differences; two-way fixed effects; event study; negative weights; local projections; clean controls
    Umfang: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  25. Environmental performance and capital markets
    evidence from India
    Autor*in: Gupta, Shreekant; Goldar, Bishwanath; Dang, Shubham
    Erschienen: December 2019
    Verlag:  Centre for Development Economics, Delhi School of Economics, Delhi

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    Schriftenreihe: Working paper / [Centre for Development Economics, Delhi School of Economics] ; no. 303
    Schlagworte: Environmental performance; green rating; capital market; event study
    Umfang: 1 Online-Ressource (circa 42 Seiten), Illustrationen