Publications des institutions partenaires
Employment and Earnings Effects of Awarding Training Vouchers in Germany
Participation in intensive training programs for the unemployed in Germany is allocated by awarding training vouchers. Using rich administrative data for all vouchers and actual program participation,
the authors provide first estimates of the short-run and long-run employment and earnings effects of receiving a training voucher award based on a selection-on-observables…
Institution partenaire
English / 01/01/2016
Corruption and Contests: Cross-Country Evidence from Sensitive Soccer Matches
Institution partenaire
English / 01/01/2016
Learning Externalities in Opaque Asset Markets : Evidence from Internaitonal Commercial Real Estate
Institution partenaire
English / 02/10/2015
Electricity Derivatives Pricing with Forward-Looking Information
In order to increase overall transparency on key operational information, power transmission system operators publish an increasing amount of fundamental data, including forecasts of electricity demand and available capacity. We employ a fundamental model for electricity prices which lends itself well to integrating such forecasts, while retaining ease of implementation and…
Institution partenaire
English / 01/09/2015
Sharp IV Bounds on Average Treatment Effects on the Treated and Other Populations Under Endogeneity and Noncompliance
In the presence of an endogenous binary treatment and a valid binary instrument, causal effects are point identified only for the subpopulation of compliers, given that the treatment is monotone in the instrument. With the exception of the entire population, causal inference for further subpopulations has been widely ignored in econometrics. We invoke treatment monotonicity and/or…
Institution partenaire
English / 15/06/2015
Testing instrument validity for LATE identification based on inequality moment constraints
This paper proposes bootstrap tests for the validity of instrumental variables (IV) in just identified treatment effect models with endogeneity. We demonstrate that the IV assumptions required for the identification of the local average treatment effect (LATE) allow us to both point identify and bound the mean potential outcomes (i) of the always takers (those treated irrespective…
Institution partenaire
English / 01/05/2015
Do Long-term Unemployed Workers Benefit from Targeted Wage Subsidies?
We evaluate a wage subsidy program that is targeted at long-term unemployed
workers in Germany. We use an alternative identification procedure compared to
empirical studies conducted so far. Exploiting the particular program regulations and
large administrative data we estimate the impact of program availability using a regression discontinuity framework. Our…
Institution partenaire
English / 01/02/2015
Agglomeration Theory with Heterogeneous Agents
This chapter surveys recent developments in agglomeration theory within a unifying framework. We highlight how locational fundamentals, agglomeration economies, the spatial sorting of heterogeneous agents, and selection effects affect the size, productivity, composition, and inequality of cities, as well as their size distribution in the urban system.
Institution partenaire
English / 01/01/2015
Essays on location choice: agglomeration, amenities and housing
Why do people live where they live and what are the consequences of these decisions? People and firms allocate themselves unevenly across space. In spite of large costs incurred when living in metropolitan areas, economic agents remain extremely concentrated in a finite number of cities. This thesis explores several factors that may influence these location decisions and their effect…
Institution partenaire
English / 01/01/2015
Measurement and effects of home care policy on health care use
This dissertation focuses on the measurement of regional home care policy and its effects on health care utilization. It brings three main contributions. First, it provides causal evidence on the effects of home care policy generosity on hospitalizations, doctor visits, and nursing home use. Variations in generosity across the Swiss cantons and over time are used to identify the…
Institution partenaire
English / 01/01/2015
Public Policies for Well-being with Justice: A Theoretical Discussion based on Capabilities and Opportunities
This article presents a theoretical framework that combines virtues and strengths of the Capability Approach (CA) and Equality of Opportunity (EOp) approach for analyzing public policies that aim to improve individual wellbeing and social justice. We show that neither approach is sufficient on its own for this goal. It is particularly useful to combine the two approaches because the…
Institution partenaire
English / 01/01/2015
The Sources of Risk Spillovers Among U.S. REITs : Financial Characteristics and Regional Proximity
In this paper, we estimate the risk spillovers among 74 U.S. REITs using the statedependent sensitivity value-at-risk (SDSVaR) approach. This methodology allows for the quantification of the spillover size as a function of a company's financial condition (tranquil, normal, and volatile REIT prices). We show that the size of risk spillovers is more than twice as large when REITs…
Institution partenaire
English / 01/01/2015
Treatment effects and panel data
It is a major achievement of the econometric treatment effect literature to clarify under which conditions causal effects are non-parametrically identified. The first part of this chapter focuses on the static treatment model. In this part, I show how panel data can be used to improve the credibility of matching and instrumental variable estimators. In practice, these gains come…
Institution partenaire
English / 01/01/2015
Electricity Market Coupling in Europe: Status Quo and Future Challenges
In electricity markets globally, market participants and policymakers increasingly focus on integrating adjacent, yet separate market areas via cross-border trade in electricity. Based on a discussion of the institutional framework for organizing cross-border trade, this paper analyzes how spot and futures prices for wholesale electricity are affected by different degrees of market…
Institution partenaire
English / 01/01/2015
From "The Geneva Papers on Risk and Insurance" to "The Geneva Risk and Insurance Review"
Institution partenaire
English / 01/01/2015
Granting Birthright Citizenship - A Door Opener to Educational Particiation and Success?
Does birthright citizenship boost immigrant children's participation
and success in the host country's educational system? We address this
question using a reform of the German naturalization law in 1999 that
entitled children born after January 1, 2000 to birthright citizenship.
We use a difference-in-difference design that compares children born…
Institution partenaire
English / 11/12/2014
Can't Buy Mommy's Love? Universal Childcare and Children's Long-Term Cognitive Development
What happens to children's long-run cognitive development when introducing universal high-quality childcare for 3-year-olds mainly crowds out family care? To answer this question, we take advantage of a sizeable expansion of publicly subsidized full-time high-quality childcare for 3-year-olds in Spain in the early 1990s. Identification relies on variation in the initial speed of…
Institution partenaire
English / 29/10/2014
When Does Time Matter? Maternal Employment, Children's Time With Parents, and Child Development
This study tests the two assumptions underlying popularly held notions that
maternal employment negatively affects children because it reduces time spent with parents: (1) that maternal employment reduces children's time with parents, and (2) that time with parents affects child outcomes. We analyze children's time-diary data from the Child Development Supplement of…
Institution partenaire
English / 29/10/2014
After-School Care and Children's Cognitive and Non-Cognitive Skills
What is the impact of after-school center-based care on the development of primary school-aged children? Answering this question is challenging due to non-random selection of children into after-school center-based care. We tackle this challenge using detailed data of the German Child Panel and employing a value-added method. While we do not find significant effects on average, our…
Institution partenaire
English / 01/10/2014
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