Aktuelle Publikationen

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  • „Kinder teilen ihre Umwelt in Gruppen ein“ : Die Würzburger Professorin Christina Felfe de Ormeno untersucht Diskriminierung

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  • Dauth, Wolfgang; Findeisen, Sebastian; Suedekum, Jens; Woessner, Nicole (2021): The Adjustment of Labor Markets to Robots Journal of the European Economic Association. Oxford University Press. 2021, 19(6), pp. 3104-3153. ISSN 1542-4766. eISSN 1542-4774. Available under: doi: 10.1093/jeea/jvab012

    The Adjustment of Labor Markets to Robots

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    We use detailed administrative data to study the adjustment of local labor markets to industrial robots in Germany. Robot exposure, as predicted by a shift-share variable, is associated with displacement effects in manufacturing, but those are fully offset by new jobs in services. The incidence mostly falls on young workers just entering the labor force. Automation is related to more stable employment within firms for incumbents, and this is driven by workers taking over new tasks in their original plants. Several measures indicate that those new jobs are of higher quality than the previous ones. Young workers also adapt their educational choices, and substitute away from vocational training towards colleges and universities. Finally, industrial robots have benefited workers in occupations with complementary tasks, such as managers or technical scientists.

  • Three Essays in Real Estate Finance and Economics

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  • Deißinger, Thomas (2021): Zur Relevanz von Handwerkspolitik und Handwerksrecht für die Konstituierung und Konsolidierung des deutschen dualen Systems DERNBACH-STOLZ, Stefanie, ed., Philipp EIGENMANN, ed., Chantal KAMM, ed., Stefan KESSLER, ed.. Transformationen von Arbeit, Beruf und Bildung in internationaler Betrachtung. Wiesbaden: Springer VS Wiesbaden, 2021, pp. 19-40. Internationale Berufsbildungsforschung (INBER). ISBN 978-3-658-32681-4. Available under: doi: 10.1007/978-3-658-32682-1_2

    Zur Relevanz von Handwerkspolitik und Handwerksrecht für die Konstituierung und Konsolidierung des deutschen dualen Systems

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    Mit Blick auf die „Systemstabilität“, die das deutsche Berufsbildungsrecht zum dualen System bis heute auszeichnet, spielen das Handwerk als „Leitbild der deutschen Berufserziehung“ und damit die bis in die heutige Zeit hineinwirkende Handwerkspolitik des 19. und 20. Jahrhunderts eine wichtige Rolle. Unübersehbar rekurriert das Berufsbildungsgesetz von 1969 (novelliert 2005 und 2020) im Kern auf das Handwerksrecht des späten 19. Jahrhunderts, insbesondere das sogenannte „Handwerkerschutzgesetz“. Den heutigen „zuständigen Stellen“ – maßgeblich sind dies die Kammern als intermediäre Akteure zwischen Staat und Wirtschaft – kommt seit dieser Zeit die wichtige Aufgabe der Realisierung und Sicherung des überbetrieblichen Charakters des Qualifizierungsprozesses über den „Beruf“ zu. Hierzu zählen die allgemeine Überwachung der Berufsausbildung in den Betrieben, die Einbindung der ausbildenden Unternehmen in einen öffentlich-rechtlichen Ordnungs- und Normierungsrahmen sowie die Gewährleistung der Marktgängigkeit des Qualifizierungsergebnisses im Rahmen von Abschlussprüfungen. Dieser Beitrag thematisiert vor dem Hintergrund der Spezifik der deutschen dualen Berufsausbildung jene historischen Entwicklungslinien zum modernen System der wirtschaftlichen Selbstverwaltung, an denen das Handwerk maßgeblich beteiligt war. Im Zentrum stehen nicht nur einzelne Entwicklungsschritte, sondern vor allem der Aspekt der Gegenwartsbedeutsamkeit von Handwerksrecht und Handwerkspolitik für das heutige Berufsbildungssystem.

  • Bakker, Jan David; Maurer, Stephan E.; Pischke, Jörn-Steffen; Rauch, Ferdinand (2021): Of Mice and Merchants : Connectedness and the Location of Economic Activity in the Iron Age The Review of Economics and Statistics. MIT Press. 2021, 103(4), pp. 652-665. ISSN 0034-6535. eISSN 1530-9142. Available under: doi: 10.1162/rest_a_00902

    Of Mice and Merchants : Connectedness and the Location of Economic Activity in the Iron Age

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    We study the causal relationship between geographic connectedness and development using one of the earliest massive trade expansions: the first systematic crossing of open seas in the Mediterranean during the time of the Phoenicians. We construct a geography based measure of connectedness along the shores of the sea. We relate connectedness to economic activity, which we measure using the presence of archaeological sites. We find an association between better connected locations and archaeological sites during the Iron Age, at a time when sailors began to cross open water routinely on a big scale. We corroborate these findings at world level.

  • The Covid-19 Infodemics on Turkish Twittersphere

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    dc.contributor.author: Özturan, Burak

  • Kärner, Tobias (2021): Emotionen!? Berufsbildung : Zeitschrift für Theorie-Praxis-Dialog. Eusl-Verlag. 2021, 75(187), pp. 2-5. ISSN 0005-9536

    Emotionen!?

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    Im Beitrag wird zunächst auf den Emotionsbegriff sowie auf allgemeine Merkmale von Emotionen eingegangen. Anschließend werden unterschiedliche Möglichkeiten der Emotionsentstehung und -regulation beschrieben, bevor abschließend für eine „Emotions-integrierende“ Lerngesellschaft plädiert wird.

  • Janas, Moritz; Oljemark, Emilia (2021): Trust and reputation under asymmetric information Journal of Economic Behavior & Organization. Elsevier. 2021, 185, pp. 97-124. ISSN 0167-2681. eISSN 1879-1751. Available under: doi: 10.1016/j.jebo.2021.02.023

    Trust and reputation under asymmetric information

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    Journal of Economic Behavior & OrganizationWe study the role of information about the multiplier in a finitely repeated investment game. A high multiplier increases the reputational incentives of a trustee, leading to more repayments. Our perfect Bayesian equilibrium analysis shows that if the trustee is privately informed about the multiplier, both the expected frequency of investments and repayments as well as the expected payoffs of both players are higher compared to a situation where the multiplier is public knowledge. We test this result in a laboratory experiment. The data cannot confirm the predicted welfare dominance of private information about the multiplier. We discuss potential reasons for the deviation between theory and experimental data.

  • Hillman, Arye L.; Ursprung, Heinrich (2021): Investigation in search of truth Public Choice. Springer. 2021, 186(3-4), pp. 223-228. ISSN 0048-5829. eISSN 1573-7101. Available under: doi: 10.1007/s11127-020-00790-w

    Investigation in search of truth

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    dc.contributor.author: Hillman, Arye L.

  • Felfe, Christina; Kocher, Martin G.; Rainer, Helmut; Saurer, Judith; Siedler, Thomas (2021): More opportunity, more cooperation? : The behavioral effects of birthright citizenship on immigrant youth Journal of Public Economics. Elsevier. 2021, 200, 104448. ISSN 0047-2727. eISSN 1879-2316. Available under: doi: 10.1016/j.jpubeco.2021.104448

    More opportunity, more cooperation? : The behavioral effects of birthright citizenship on immigrant youth

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    Inequality of opportunity, particularly when overlaid with socioeconomic, ethnic, or cultural differences, may limit the scope of cooperation between individuals. A central question, then, is how to overcome such obstacles to cooperation. We study this question in the context of Germany, by asking whether the propensity of immigrant youth to cooperate with native peers was affected by a major integration reform: the introduction of birthright citizenship. Our unique setup exploits data from a large-scale lab-in-the-field experiment in a quasi-experimental evaluation framework. We find that the policy caused male, but not female, immigrants to significantly increase their cooperativeness toward natives. We show that the increase in out-group cooperation among immigrant boys is an outcome of more trust rather than a reflection of stronger other-regarding preferences towards natives. In exploring factors that may explain these behavioral effects, we present evidence that the policy also led to a near-closure of the educational achievement gap between young immigrant men and their native peers. Our results highlight that, through integration interventions, governments can modify prosocial behavior in a way that generates higher levels of efficiency in the interaction between social groups.

  • Kärner, Tobias; Keller, Thomas; Schneider, Anna; Albaner, Daniela; Schumann, Stephan (2021): Ein Rahmenmodell zur Gestaltung technologisch unterstützter adaptiver Lehr- und Lernprozesse Zeitschrift für Berufs- und Wirtschaftspädagogik (ZBW). Franz Steiner Verlag. 2021, 117(3), pp. 351-371. ISSN 0172-2875. eISSN 2366-2433. Available under: doi: 10.25162/zbw-2021-0016

    Ein Rahmenmodell zur Gestaltung technologisch unterstützter adaptiver Lehr- und Lernprozesse

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    Ausgehend von einem Rahmenmodell zur Gestaltung technologisch unterstützter adaptiver Lehr- und Lernprozesse werden in unserem konzeptionellen Beitrag Implikationen auf pädagogisch-didaktischer, diagnostischer sowie technologischer Ebene beschrieben. Letzterer Aspekt wird gestützt mit den Ergebnissen einer Sichtung verfügbarer Systeme und deren Funktionen zur Unterstützung der datengestützten Entscheidungsfindung. Bei einer hypothesengeleiteten diagnostischen Vorgehensweise hinsichtlich einer adaptiven Unterrichtsgestaltung erscheint auf pädagogisch-didaktischer Ebene ein erweitertes Verständnis von „Heterogenität“ erforderlich, welches auf diagnostischer sowie technologischer Ebene entsprechend abzubilden ist.

  • Colas, Mark; Findeisen, Sebastian; Sachs, Dominik (2021): Optimal Need-Based Financial Aid Journal of Political Economy. University of Chicago Press. 2021, 129(2), pp. 492-533. ISSN 0022-3808. eISSN 1537-534X. Available under: doi: 10.1086/711952

    Optimal Need-Based Financial Aid

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    We study the optimal design of student financial aid as a function of parental income. We derive optimal financial aid formulas in a general model. We estimate a model of selection into college for the United States that comprises multidimensional heterogeneity, endogenous parental transfers, dropout, labor supply in college, and uncertain returns. We quantify optimal financial aid in the estimated model and find it is strongly declining in parental income even without distributional concerns. Equity and efficiency go hand in hand.

  • Gonon, Philipp; Deißinger, Thomas (Hrsg.) (2021): History of Vocational Education and Training : Special Issue

    History of Vocational Education and Training : Special Issue

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    dc.contributor.editor: Gonon, Philipp

  • Essays on Firm Dynamics and Labor Market Flows

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    Firm dynamics - firm entry, growth, and exit - are central to the creation and destruction of jobs as well as the flow of workers between employment and unemployment. The economic gains such as wage and productivity growth brought about by the dynamics of firms and the labor market flows are realized behind vast heterogeneity and changing conditions in the product market as well as the input markets, in particular, the labor market. For instance, labor differs in skill and experience; jobs differ by the skill requirements; and firms differ by productivity and product demand. Required, therefore, is a reasonably efficient matching process not only between workers and firms but also between firms and customers.

    My dissertation aims at providing new empirical and theoretical insights on firm dynamics and labor market flows. It analyses German firm or establishment data with detailed information on product prices, quantities sold, and employment histories. It also develops and simulates models of firm dynamics with richer labor and product market features, taking into account recent advances made in the literature. The models facilitate explaining the documented empirical distributions and the interaction of firm dynamics and labor and product markets as comprehensively as possible.

    The dissertation consists of three independent research essays organized in three chapters. It is a cumulative thesis. Chapter 1 and Chapter 2 are a study on the employer-level drivers of labor market flows with a focus on occupational heterogeneity and misallocation. Chapter 2 seeks to explain the empirical results documented in Chapter 1 with a calibrated general equilibrium quantitative model. It studies the joint interaction of labor market flows, misallocation, and occupational labor heterogeneity. Chapter 3 is a study on firm dynamics and the labor market. It distinguishes the supply and demand drivers of the dynamics of firms, prices, output, and employment.

    Chapter 1 is titled "Occupational Labor Market Flows''. This chapter investigates the cross-sectional patterns of the rates of occupational job and worker flows. Disregarding the occupational margin of job flows, implies a job to worker flow ratio of 34.8%, which is smaller than the 46.1% with occupation-based gross job flows. Thus, the latter is an improved measure of job flows and captures better the importance of job flows for worker flows. The chapter finds that one in four reallocated occupational jobs results in no net job changes, consistent with simultaneous job creation and destruction at the level of the establishment. These findings may be explained by imperfect substitutability of occupational labor in production, differences in the costs of occupational job turnover, occupation-specific labor productivity heterogeneity, or (labor) misallocation. Furthermore, while labor market flow rates in specific occupations, and for all occupations as a whole, have not trended at all, their relative shares have trended linearly over time, consistent with job polarization. This observation allows to treat the aggregate occupational employment trends separately from the cross-sectional dynamics, isolating the importance of cross-sectional heterogeneity.

    Chapter 2 is titled "Labor Market Flows and Misallocation with Occupational Heterogeneity''. The starting point of this chapter is the fact that where firms operate with more than one occupation, then an occupation classifies a workplace into subunits with similar skill requirements. Then, these subunits expand and shrink at different rates. When occupational job reallocation is accounted for, then gross job reallocation over and above net job creation is considerably large. This firm-level residual job reallocation leads to more worker reallocation per job reallocation than was previously documented. The chapter discusses empirical evidence for the phenomenon, explains it as a result of labor quality heterogeneity, misallocation of factor inputs such as labor, and quantifies their roles in a search model of firm dynamics. Due to computational complexity, the chapter ends with preliminary quantitative results.

    Chapter 3 is titled "Firm Dynamics with Frictional Product and Labor Markets''. It is jointly written with Leo Kaas. The chapter analyses the joint dynamics of prices, productivity and employment across firms. It develops a dynamic equilibrium model of heterogeneous firms who compete for workers and customers in frictional labor and product markets. Using panel data on prices and output for German manufacturing firms, the model is calibrated to evaluate the quantitative contributions of productivity and demand for the labor market. Product market frictions decisively dampen the firms' employment adjustments in response to productivity shocks. Further, the chapter analyses the impact of shocks to the first and second moments of idiosyncratic risk on macroeconomic outcomes. An increase in demand uncertainty induces declines in output and employment together with rising cross-sectional dispersion of price and output growth which are typical features of recessions in our data.

  • Maurer, Stephan E.; Potlogea, Andrei V. (2021): Male‐biased Demand Shocks and Women's Labour Force Participation : Evidence from Large Oil Field Discoveries Economica. Wiley. 2021, 88(349), pp. 167-188. ISSN 0013-0427. eISSN 1468-0335. Available under: doi: 10.1111/ecca.12341

    Male‐biased Demand Shocks and Women's Labour Force Participation : Evidence from Large Oil Field Discoveries

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    Do male‐biased labour demand shocks affect women's labour market outcomes? To study this question, we examine large oil field discoveries in the southern USA from 1900 to 1940. We find that oil wealth has an overall positive effect on female labour force participation that is driven by single women. While oil discoveries increase demand for male labour and raise male wages, they do not drive women out of the tradable goods sector or the labour force. Our findings suggest that the absence of any crowding out effects of oil wealth can be explained by compensating forces such as demand effects within the tradable sector, or by income effects that lead to growth in the non‐tradable sector.

  • Chadi, Adrian (2021): Identification of attrition bias using different types of panel refreshments Economics Letters. Elsevier. 2021, 201, 109777. ISSN 0165-1765. eISSN 1873-7374. Available under: doi: 10.1016/j.econlet.2021.109777

    Identification of attrition bias using different types of panel refreshments

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    Selective attrition out of longitudinal datasets is a concern for empirical researchers. This note illustrates a simple way to identify potential attrition bias in panel surveys by exploiting multiple types of simultaneous entries into a panel survey. The little-known phenomenon of natural refreshments, which adds to entries through refreshments induced by data collectors, allows for attrition bias to be disentangled from measurement errors connected to differences in participation experience (i.e. panel conditioning). A demonstrative application on subjective data from the German Socio-Economic Panel Study (SOEP) serves as an example and offers insights on health- and happiness-related attrition in panel surveys.

  • Di Nola, Alessandro; Kocharkov, Georgi; Scholl, Almuth; Tkhir, Anna-Mariia (2021): The aggregate consequences of tax evasion Review of Economic Dynamics. Elsevier. 2021, 40, pp. 198-227. ISSN 1094-2025. eISSN 1096-6099. Available under: doi: 10.1016/j.red.2020.09.009

    The aggregate consequences of tax evasion

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    This paper studies how tax evasion in the self-employment sector affects aggregate outcomes and welfare. We develop a dynamic general equilibrium model with incomplete markets in which heterogeneous agents choose between being a worker or self-employed. Self-employed agents may misreport their business income but face the risk of being detected by the tax authorities. Our model replicates important quantitative features of the U.S. economy in terms of income, wealth, self-employment, and misreporting. Tax evasion alleviates credit constraints and leads to a larger self-employment sector but reduces the average size and productivity of self-employed businesses. Tax evasion generates positive welfare effects for the self-employed at the expense of the workers.

  • Calzolari, Giorgio; Chiriac, Roxana; Zagidullina, Aygul (2021): A Latent Factor Model for Forecasting Realized Variances Journal of Financial Econometrics. Oxford University Press. 2021, 19(5), pp. 860-909. ISSN 1479-8409. eISSN 1479-8417. Available under: doi: 10.1093/jjfinec/nbz036

    A Latent Factor Model for Forecasting Realized Variances

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    This article proposes a parsimonious model to forecast large vectors of realized variances (RVar) by exploiting their common dynamics within a latent factor structure. Their long persistence is captured by aggregating latent factors with AR(1) dynamics. The model has obvious advantages over standard autoregressive models not only in terms of parametrization, but also in terms of efficiency, when increasing the dimension of the vector, as it provides more information on the commonality of the series’ dynamics. The model easily accommodates further empirical features of RVars, such as conditional heteroskedasticity. For estimation purposes, we use the maximum likelihood method based on Kalman filter and the efficient method of moments, both being easy to implement and providing accurate estimates. Our empirical illustration on real data shows that the model we propose often outperforms standard models, most of which are, for vectors of RVar series, only implementable under heavy parametric restrictions.

  • Out-of-Sample Performance of Norm-Constrained Portfolios

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    This paper extends the academic research around the Norm-Constrained Portfolio Strategies introduced by DeMiguel et al. in 2009 in terms of out-of-sample performance evaluation on the German Stock Market (DAX) for the years 2003 – 2020. Therefore, four different variations of the Norm-Constrained Portfolios are used that are: 1) 1-Norm Constrained Portfolio calibrated for low variance, 2) 1-Norm Constrained Portfolio calibrated for maximum return, 3) 2-Norm Constrained Portfolio calibrated for low variance, and 4) 2-Norm Constrained Portfolio calibrated for maximum portfolio return. A rolling window approach is applied to evaluate out-of-sample performance. Thereby Return, Variance, and Sharpe Ratio are taken as performance measurements. Empirical results show that the 1-Norm Constrained Portfolio calibrated for low variance is able to provide a significantly lower variance than the DAX given same return. However, this result may be viewed with a grain of salt since the corresponding Sharpe Ratio is not superior as it should be compared to the DAX’ one. Hence the result may suffer from a calculation error which I was not able to locate.

  • Conrad, Matthias; Schumann, Stephan (2021): Emotionales Erleben beim Lernen mit Tablet-PCs im Wirtschaftsunterricht Berufsbildung : Zeitschrift für Theorie, Praxis, Dialog. Eusl-Verlagsgesellschaft. 2021, 187, pp. 15-17. ISSN 0005-9536

    Emotionales Erleben beim Lernen mit Tablet-PCs im Wirtschaftsunterricht

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