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Displaying results 1 to 11 of 11.

  1. Labour mobility in German establishments during the COVID-19 crisis
    panel data analyses with special reference to short-time work and working from home
    Published: February 2023
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    Using 21 waves of German high-frequency establishment panel data collected during the COVID-19 crisis, we investigate the effects of short-time work (STW) and working from home (WFH) on hiring, firings, resignations and excess labour turnover (or... more

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    Using 21 waves of German high-frequency establishment panel data collected during the COVID-19 crisis, we investigate the effects of short-time work (STW) and working from home (WFH) on hiring, firings, resignations and excess labour turnover (or churning). Thus, we enquire whether STW avoids firings as intended by policymakers and is associated with unintended side effects by subsidising some establishments and locking in some employees. Additionally, where it was feasible, establishments used WFH to continue working without risking an increase in COVID-19 infections and allowing employed parents to care for children attending closed schools. While much of the literature investigating the effects of STW and WFH remains descriptive, we conduct panel data analyses. We apply data and methods that allow for the dynamic pattern of STW and WFH during the pandemic. Furthermore, our data include relevant establishment-level variables, such as the existence of a works council, employee qualifications, establishment size, the degree to which the establishment was affected by the COVID-19 crisis, industry affiliation and a wave indicator for the period the survey was conducted. Our results show the important influences of STW and WFH on employment during the pandemic. By means of STW, establishments are able to avoid an increase in involuntary layoffs, and hiring decreases significantly. In contrast, WFH is associated with a rise in resignations.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/272562
    Series: Discussion paper series / IZA ; no. 15935
    Subjects: short-time work; working from home; labour mobility; COVID-19; panel analysis; high-frequency establishment data
    Scope: 1 Online-Ressource (circa 26 Seiten)
  2. US maize data reveals adaptation to heat and water stress
    Published: December 2015
    Publisher:  International Food Policy Research Institute, Washington, DC, USA

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: IFPRI discussion paper ; 01485
    Subjects: climate impacts; climate change adaptation; agricultural productivity; model intercomparison; panel analysis
    Scope: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  3. Fiscal sustainability
    a panel assessment for advanced economies
    Published: [2015]
    Publisher:  ISEG - School of Economics and Management, Department of Economics, University of Lisbon, Lisbon

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10400.5/8143
    Series: Working papers / ISEG, School of Economics and Management, Department of Economics ; WP 2015, 05 DE/UECE
    Subjects: debt; primary balance; stationarity; panel analysis; FMOLS
    Scope: 1 Online-Ressource (circa 8 Seiten)
  4. Determinants of corporate cash holdings in South Africa
    Published: August 2022
    Publisher:  United Nations University World Institute for Development Economics Research, Helsinki, Finland

    Globally, corporate cash holdings have risen since the 1980s. In South Africa, some commentators have accused corporations of engaging in an 'investment strike', while others see corporate liquidity as a precaution against systemic uncertainty. We... more

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    Globally, corporate cash holdings have risen since the 1980s. In South Africa, some commentators have accused corporations of engaging in an 'investment strike', while others see corporate liquidity as a precaution against systemic uncertainty. We use the unique South African Revenue Service/National Treasury firm-level dataset to scrutinize corporate liquidity, using panel analysis. Relative to GDP, corporate cash and liquidity holdings have not increased between 2010 and 2017. However, corporate cash is high in international comparison and has grown at the firm level. We do not find evidence for the hypothesis that companies are engaging in an investment strike. Cash and liquidity are shaped by idiosyncratic and sectoral risk factors. In the short run, heightened uncertainty might reduce corporate cash and liquidity as firms struggle to adjust to an unexpected economic situation. In the medium run, we find a strong association between political uncertainty and corporate cash and liquidity holdings.

     

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789292672164
    Other identifier:
    hdl: 10419/267834
    Series: WIDER working paper ; 2022, 85
    Subjects: South Africa; corporate liquidity; cash holdings; panel analysis
    Scope: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  5. OECD countries' twin long-run challenge
    the impact of ageing dynamics and increasing natural disasters on savings ratios
    Published: December 16th 2021
    Publisher:  Bergische Universität Wuppertal, Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW), Wuppertal, Germany

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: EIIW discussion paper ; 309
    Subjects: savings rate; ageing; natural disaster; economic growth; panel analysis; OECD
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  6. Consequences of future climate policy
    regional economies, financial markets, and the direction of innovation
    Published: [2020]
    Publisher:  ifo Institut, München

    With the Paris Agreement of 2016, 189 nations signed a legally binding document to keep global warming below 2 C, and to pursue efforts to limit the temperature increase to 1.5 C. It was recognized that this would reduce climate change impacts... more

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    With the Paris Agreement of 2016, 189 nations signed a legally binding document to keep global warming below 2 C, and to pursue efforts to limit the temperature increase to 1.5 C. It was recognized that this would reduce climate change impacts substantially. All signatories submitted "Intended Nationally Determined Contributions" (INDCs) where they specified their national emission reduction goals and pathways to achieve them. However, the INDCs submitted for the Paris Agreement "imply a median warming of 2.6-3.1 degrees Celsius by 2100" (Rogelj et al. 2016). A temperature increase by 2 C would already carry a very high risk for systems such as the Arctic sea ice and coral reefs. For a warming of 3 C above pre-industrial levels though, we are expected to face extensive losses of biodiversity and ecosystems; accelerated economic damages; and a high risk for abrupt and irreversible changes ("tipping points"), such as the melting of the Greenland ice sheet and the accompanying sea level rise (IPCC 2014b).

     

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    Source: Union catalogues
    Language: English
    Media type: Dissertation
    Format: Online
    ISBN: 9783959420969
    Other identifier:
    hdl: 10419/234463
    Series: ifo Beiträge zur Wirtschaftsforschung ; 95 (2021)
    Subjects: Stranded assets; climate policy; expectations; utilities; event study; green innovation; patents; panel analysis; green finance; climate risk; intangible assets; institutional investors; renewable energy; crowding-out; regional economics; input-output ana
    Scope: 1 Online-Ressource (circa 218 Seiten), Illustrationen
    Notes:

    Erscheint auch als Druck-Ausgabe

    Dissertation, Universität München, 2020

  7. Human capital and education policy
    evidence from survey data
    Published: [2021]
    Publisher:  ifo Institut, München

    Elisabeth Grewenig prepared this study while she was working at the Center for Economics of Education at the ifo Institute. The study was completed in March 2021 and accepted as doctoral thesis by the Department of Economics at the LMU Munich. It... more

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    Elisabeth Grewenig prepared this study while she was working at the Center for Economics of Education at the ifo Institute. The study was completed in March 2021 and accepted as doctoral thesis by the Department of Economics at the LMU Munich. It consists of five distinct empirical essays that address various aspects of human capital formation and education policy. Chapters 2 and 3 are concerned with the determinants of human capital formation. In particular, chapter 2 investigates the impact of gender norms on labor-supply expectations of adolescents. Chapter 3 analyzes the effects of the Corona-induced school closures on students' time spent with different educational activities. Chapters 4 and 5 are concerned with the implementation and feasibility of educational reforms. Thereby, chapter 4 evaluates the impact of recent reforms on binding teacher recommendations by studying educational outcomes of students in primary and secondary schools. Chapter 5 examines whether support for educational policies is amenable to information provision about party-positions. Finally, chapter 6 contributes to the methodological debate around survey measurement by investigating belief elicitation in large-scale online surveys.

     

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  8. The well-being age U-shape effect in Germany is not flat
    Published: 2021
    Publisher:  Global Labor Organization (GLO), Essen

    Kassenboehmer and DeNew (2012) claim that there is no well-being age U-shape effect for Germany, when controlling for fixed effects and respondent experience and interviewer characteristics in the German Socio-Economic Panel, 1994-2006. We... more

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    Kassenboehmer and DeNew (2012) claim that there is no well-being age U-shape effect for Germany, when controlling for fixed effects and respondent experience and interviewer characteristics in the German Socio-Economic Panel, 1994-2006. We re-estimate with a longer run of years and restrict the age of respondents to those under seventy and find the well-being age U-shape effect is neither flat nor trivial.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/238741
    Series: GLO discussion paper ; no. 921
    Subjects: age; ageing; life satisfaction; interviewer characteristics; interviewee experience; fixed effects; panel analysis; GSOEP
    Scope: 1 Online-Ressource (circa 12 Seiten), Illustrationen
  9. Do financial markets reward government spending efficiency?
    Published: 2021
    Publisher:  ifo Institute, Munich, Germany

    We link governments’ spending efficiency scores, to sovereign debt assessments made by financial markets´, more specifically by three rating agencies (Standard & Poors, Moody´s and Fitch). Public efficiency scores are computed via data envelopment... more

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    We link governments’ spending efficiency scores, to sovereign debt assessments made by financial markets´, more specifically by three rating agencies (Standard & Poors, Moody´s and Fitch). Public efficiency scores are computed via data envelopment analysis. Then, we rely notably on ordered response models to estimate the response of sovereign ratings to changes in efficiency scores. Covering 34 OECD countries over the period 2007-2018, we find that increased public spending efficiency is rewarded by financial markets via higher sovereign debt ratings. In addition, higher inflation and government indebtedness lead to sovereign rating downgrades, while higher foreign reserves contribute to rating upgrades.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/233807
    Series: EconPol working paper ; vol. 5, 62 (2021, March)
    Subjects: government spending efficiency; DEA; panel analysis; ordered probit (logit); sovereign ratings; rating agencies
    Scope: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  10. International transmission of interest rates
    the role of international reserves and sovereign debt
    Published: 2021
    Publisher:  ifo Institute, Munich, Germany

    We analyse the international transmission of interest rates by focusing on the role of the accumulation of international reserves and on the financing of sovereign debt. An increase in foreign exchange reserves is expected to moderate the influence... more

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    We analyse the international transmission of interest rates by focusing on the role of the accumulation of international reserves and on the financing of sovereign debt. An increase in foreign exchange reserves is expected to moderate the influence of U.S. interest rates. However, a high level of government debt raises the sovereign risk premium. Moreover, an increase in the stock of government debt denominated in foreign currency may increase the expected rate of depreciation of the domestic currency. We explain the theoretical mechanisms in a model, which describes the money market equilibrium in an economy with capital account openness. Then, we test the predictions of the model for a panel of advanced and developing economies over the period 1970-2018. Our main findings are: i) significant spillovers from the U.S. interest rates to other countries, mostly for Advanced Economies; ii) a dampening effect of the share of external liabilities in the domestic currency, clearly a determinant of risk premium; iii) a negative effect of international reserves on interest rates, as expected; iv) higher reserves decrease risk premia, for long-term interest rates; v) the significance of spillovers fades once the sovereign debt reaches 100% of GDP in developed countries.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/233799
    Series: EconPol working paper ; vol. 5, 54 (2021, January)
    Subjects: interest rates; international reserves; government debt; spillover effects; monetary policy; fiscal policy; panel analysis
    Scope: 1 Online-Ressource (circa 32 Seiten)
  11. Does international tourism spur international trade in SSA countries
    a dynamic panel data analysis
    Published: [2021]
    Publisher:  University of South Africa, [Pretoria]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: UNISA economic research working paper series ; 2021, 25 (November 2021)
    Subjects: Tourism; trade openness; Granger-causality; panel analysis; SSA
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen