1. 17.06.2021 · ZEW (ibe/sel)
    Research
    Digitisation | Digital Economy | Coronavirus | Artificial intelligence
    Rural areas, where the majority of companies are located, still have some catching up to do in terms of bandwidths.

    The digital transformation continues to be a much-discussed topic that occupies business, politics and society. But how well are the federal states managing to keep up with this rapid development? An evaluation of the digitalisation level in Baden-Württemberg shows that the state has made great progress since the adoption of its digitalisation strategy “digital@bw” in 2017. The COVID-19 pandemic has accelerated this transformation considerably, but at the same time it has also revealed existing shortcomings. This is the result of a meta-study conducted by ZEW Mannheim on behalf of the state of Baden-Württemberg.

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  2. 16.06.2021 · ZEW (fbr/sel)
    Research
    Stock Market | cryptocurrencies | Public bond | ZEW Financial Market Survey | Stockholding behaviour | ZEW survey | Financial market experts
    Kyptocurrencies have lost considerable attractiveness.

    Against the background of rising inflation expectations and low interest rates, financial market experts have assessed the attractiveness of various asset classes for the next six months: While investments in stocks, commodities and real estate are currently considered attractive, the outlook for cryptocurrencies and conventional government bonds is clearly negative. Inflation-indexed bonds and green bonds are rated slightly positively by the financial analysts. This is the result of a question included in the ZEW Financial Market Survey, which was conducted among around 160 financial market experts in June 2021.

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  3. 15.06.2021 · ZEW (mar/cli/ebr/sel)
    Research
    Highly skilled labour | Low income | Quality of life
    Low- and high-income earners do not differ regarding their preference on urban amenities.

    Given a shortage of skilled labour, cities are increasingly vying for qualified workers. A higher quality of life is often said to give cities an advantage in this battle for talent. In fact, the amenities a city offers in terms of family friendliness, infrastructure, cultural offerings and regional economic dynamics play a major role in employees’ decision to move to a particular city. A study by ZEW Mannheim comes to the conclusion that high- and low-skilled workers prefer very similar cities. The lower share of low-skilled workers in attractive urban areas thus mainly reflects the fact that low-wage earners are less able to afford to move to attractive cities due to the high cost of living.

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  4. 09.06.2021 · ZEW (sru/deg)
    Comment
    Climate protection | CO2 | CO2 reduction | Climate policy
    ZEW Economist Sebastian Rausch.

    On 10 June, the German Bundestag will discuss an amendment to the Federal Climate Change Act. The amendment had become necessary after a ruling by the Federal Constitutional Court. Professor Sebastian Rausch, head of the Research Department “Environmental and Resource Economics, Environmental Management” at ZEW Mannheim, comments on this matter.

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  5. 08.06.2021 · ZEW (msc/fbr/jrr/sel)
    ZEW Indicator of Economic Sentiment
    ZEW Indicator of Economic Sentiment | ZEW Financial Market Survey | Business cycle research | Short-term forecast | Cyclical indicator | Business survey | Germany | Europe
    ZEW Indicator of Economic Sentiment declines to 79.8 points

    The ZEW Indicator of Economic Sentiment for Germany decreased in the current June 2021 survey, falling 4.6 points to a new reading of 79.8 points. By contrast, the assessment of the economic situation in Germany improved very significantly, with the corresponding indicator currently standing at minus 9.1 points, 31.0 points higher than in the previous month. The assessment of the economic situation in Germany is now back to the pre-pandemic level of August 2019. Due to the very high economic expectations, the outlook is now much more positive than in summer 2019.

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  6. 07.06.2021 · ZEW (csp)
    Comment
    Tax Policy | Corporate taxation | Minimum level of taxation
     Prof. Christoph Spengel welcomes uniform, international standards in tax policy.

    At their meeting in London, the finance leaders from the Group of 7 countries agreed on backing the creation of a global minimum tax rate of at least 15 per cent for large companies. In addition, the agreement envisages forcing the largest and most profitable companies to pay taxes on part of their turnover to countries based on where they sell their services and goods. Until now, multinational companies have been able to shift profits and thus avoid taxation in countries with higher tax rates. Professor Christoph Spengel, tax expert at ZEW Mannheim and the University of Mannheim, comments on these plans:

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  7. 07.06.2021 · ZEW (vme/deg)
    Comment
    Diversity management | Economics of Gender | Gender mainstreaming | Corporate co-determination
    ZEW economist Valentina Melentyeva on gender quota in supervisory boards.

    Exactly 70 years ago, the model of parity codetermination was introduced in Germany. On 7 June 1951, the Coal and Steel Codetermination Act came into force and ensured that female and male workers had a say in major company decisions on supervisory boards. For a long time, women were hardly represented on these boards. With the establishment of a fixed gender quota in 2015, their share in leadership positions in the companies covered by this law was increased to more than one third.

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  8. 02.06.2021 · ZEW (ssz/mph/deg)
    Research
    Coronavirus | Homeoffice | Child care | Psychology | Health
    Study of women's and men's mental health during the Corona pandemic, particularly stressed parents.

    The mental health risks of COVID-19 and the pandemic-related measures have been a constant topic of public discussion, also in the Netherlands. There, mental health – measured on a scale of 0 to 100 (100 equals perfect health) – declined sharply among employees in the first lockdown, but recovered relatively quickly to levels similar to those before the coronavirus pandemic. The largest decrease in mental health was observed in March 2020, when the first lockdown was imposed. Based on data from the Dutch LISS Panel, a study by researchers from ZEW Mannheim and the universities of Mannheim, Bonn and Tilburg investigates which factors played a particularly important role in increasing mental stress during the pandemic and to what extent these factors changed over time.

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  9. 18.05.2021 · ZEW (fhe/deg)
    Comment
    ECB | Public bond
    Friedrich Heinemann sits on a chair.

    The Federal Constitutional Court has rejected new challenges to the European Central Bank’s PSPP bond-buying programme. Referring to its ruling of May 2020, the court now considers its demand for an examination of the adequacy and proportionality of the PSPP to be fulfilled. Professor Friedrich Heinemann, research department head and public finance expert at ZEW Mannheim, comments on this matter.

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  10. 17.05.2021 · ZEW (kki/deg)
    Research
    Deposit insurance | banking sector | Bank insolvency | Insolvency
    Financial market experts are in favour of requiring deposit platforms to provide more information to consumers.

    Following the collapse of Greensill Bank, financial market experts believe there is a considerable need to regulate deposit platforms and reform banks’ deposit insurance. The majority of respondents, however, do not expect that deposit platforms will take action and keep banks with excessively risky business models off their platforms unless they are obliged to do so. Therefore, they should be required to provide more information on the associated risks to their customers, according to the experts. This is the result of a special question included in the ZEW Financial Market Survey in May 2021 among 188 financial market experts.

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