Kiel Institute for the World Economy

About: Kiel Institute for the World Economy is a facility organization based out in Kiel, Germany. It is known for research contribution in the topics: Foreign direct investment & Productivity. The organization has 318 authors who have published 1909 publications receiving 42832 citations. The organization is also known as: Institut für Weltwirtschaft an der Universität Kiel.

Dissecting between plant and within-plant wage dispersion: Evidence from Germany

Abstract: Using rich linked employer–employee data for (West) Germany between 1996 and 2014, we conduct a decomposition analysis based on recentered influence function (RIF) regressions to analyze the relative contributions of various plant and worker characteristics to the rise in German wage dispersion. Moreover, we separately investigate the sources of between‐plant and within‐plant wage dispersion. We find that industry effects and the collective bargaining regime contribute the most to rising wage inequality. In the case of collective bargaining, both the decline in collective bargaining coverage and the increase in wage dispersion among the group of covered plants have played important roles.

Optimal global carbon management with ocean sequestration

Abstract: The papers in this cumulative thesis deals with questions which arise from the inclusion of the oceanic carbon sink into economic analyses about climate change. First, what is an appropriate description of the global carbon cycle, in particular with respect to the oceanic carbon sink in economic models? Second, since natural forces transport carbon into the deep ocean where it affects society less adversely than in the atmosphere, the logical question is: Which carbon removal measures can be applied to accelerate the process of downward carbon transfer? Third, to integrate these measures into economic optimization, how can the carbon uptake be measured and verified, how can carbon credits be assigned, and how to deal with carbon that it is only temporarily stored and expected to leak back into the atmosphere at some point in the future? Fourth, what are the critical costs and critical carbon amounts to be removed from the atmosphere in order to provide an option for climate change mitigation in comparison to existing options? Fifth, what is the dynamic optimal application of such measures in climate change policy? The papers in this cumulative thesis provide answers to these questions by investigating the role of CDR measures in relation to RM measures, by considering accounting and market requirements to one specific oceanic CDR measure, ocean iron fertilization, and by deriving the dynamic optimal carbon sequestration strategy for various climate policies.

Financial Education Affects Financial Knowledge and Downstream Behaviors

Abstract: We study the rapidly growing literature on the causal effects of financial education programs in a meta-analysis of 76 randomized experiments with a total sample size of over 160,000 individuals. The evidence shows that financial education programs have, on average, positive causal treatment effects on financial knowledge and downstream financial behaviors. Treatment effects are economically meaningful in size, similar to those realized by educational interventions in other domains and are at least three times as large as the average effect documented in earlier work. These results are robust to the method used, restricting the sample to papers published in top economics journals, including only studies with adequate power, and accounting for publication selection bias in the literature. We conclude with a discussion of the cost-effectiveness of financial education interventions.