1. 16.04.2021 · ZEW (dos/deg)
    Research
    Income | Households | Coronavirus
    The decreasing willingness to take risk is related to financial losses.

    Individuals who have experienced severe financial losses due to the coronavirus pandemic are significantly less willing to take risks. This particularly appears to be the case for households with a low income. On the contrary, other personality traits, such as patience and locus of control, remain unchanged following financial losses. These are the findings of a recent study by RWI – Leibniz Institute for Economic Research and ZEW Mannheim.

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  2. 08.04.2021 · ZEW (jno/fhe/deg)
    Research
    ECB | Public bond | Stabilization | Coronavirus
    Sun shines through a huge Euro-symbol.

    The fact that the government bond markets within the eurozone have remained stable throughout the coronavirus pandemic is especially owed to the ECB and its PEPP securities purchase programme. By contrast, the EU coronavirus financial aid packages have not made any measurable contribution to narrowing interest rate differentials. This is confirmed by a study conducted by ZEW Mannheim with the support of the Brigitte Strube Stiftung.

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  3. 06.04.2021 · ZEW (bpe/mpl/deg)
    Research
    R&D | Innovation spendings | Enterprise
    Innovation leaders such as Germany, Sweden or Finland increase their public R&D expenditures counter-cyclically in recessions.

    OECD countries react differently to changes in the business cycle regarding their expenditure on research and development (R&D). Countries tend to noticeably increase their budgets for R&D when there is an economic upturn, while public R&D spending remains almost constant on average across all countries when there is a downturn in economic growth.

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  4. 31.03.2021 · ZEW (sbl/sel)
    Research
    Public Facility | Procurement | Decision | Competition
     EconPol Study on Public Procurement with the Cooperation of ZEW Mannheim.

    It is crucial for buyers in public procurement in Germany and Finland to avoid allocating public contracts to bidders with a bad reputation. However, the possibility of being able to avoid such bidders is limited in practice. According to a current ‘EconPol’ study in cooperation with ZEW Mannheim, public buyers either shun procurements which exceed expected costs or they reject these if they do not meet quality expectations.

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  5. 19.03.2021 · ZEW (kki/deg)
    Research
    Consolidation of the banking sector | Banking System | Bank liquidity | ZEW Financial Market Survey | Financial market | Credit risk
    Bank towers in the open air.

    According to financial market experts, the German banking sector is likely to face a rising number of loan defaults and a growing need to make additional provisions for corporate loans in the coming six months. In addition, they anticipate a slight increase in consolidation among savings banks and cooperative banks. These are the results of a special question featured in the most recent ZEW Financial Market Survey carried out in March 2021 among 189 financial market experts.

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  6. 19.03.2021 · ZEW (mot/deg)
    Research
    Electricity market | price of electricity | Renewable Energies | Energy transition
    Symbol Image with wind turbines and electricity energy.

    The electricity price should not be set uniformly nationwide, as has been the case in Germany so far, but should take into account the local physical conditions of the grid. This is the result of a recent research paper published by a consortium consisting of the Technical University of Munich, FIM / Fraunhofer FIT, DIW Berlin, the Institute of Energy Economics at the University of Cologne (EWI) and ZEW Mannheim within the framework of the Kopernikus project ‘SynErgie’ funded by the German Federal Ministry of Education and Research and coordinated by Project Management Jülich (PtJ).

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  7. 17.03.2021 · ZEW (ssi/deg)
    Research
    Real property tax | Distributional impacts | Household | Income distribution | Taxes | Housing rent
     Symbol image to property tax with miniature house on calculator.

    The property tax burden of poorer tenants is more than four times higher than the burden of richer tenants. Landlords are able to fully pass through the tax to rental prices after three years. On the other hand, sales prices do not react to tax changes. A recent study by ZEW Mannheim in cooperation with Maastricht University confirms this. The property tax is therefore a regressive tax. Relatively speaking, it burdens households with lower incomes more than households with a higher financial standing.

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  8. 15.03.2021 · ZEW (mws/deg)
    Research
    Energy consumption | Behavioral economics | Environmental consciousness
    Woman activates light switch.

    In Germany, customers usually receive their electricity, water and gas bills once per year. A recent study of ZEW Mannheim shows that this type of billing leads to more utility consumption. Paying these bills immediately could provide incentives to reduce consumption.

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  9. 08.03.2021 · ZEW (tbk/sel)
    Research
    Financial market | Stock Market | Wealth accumulation | Women's education
    A recent study by ZEW Mannheim in cooperation with other institutes shows that women are less active in stocks and financial markets due to self-doubt.

    Women are less involved in the stock market and other financial activities concerning wealth accumulation compared to their male counterparts. This is not only attributable to actual gaps in women’s financial literacy, but also to a lack of self-confidence. Women frequently underrate their actual financial knowledge. These are the findings of a study conducted by ZEW Mannheim in cooperation with the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University School of Business, the University of Groningen, and the Dutch central bank, De Nederlandsche Bank (DNB).

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  10. 05.03.2021 · ZEW (vme/lra/sel)
    Research
    Women | Corporate value | Board of directors
    The study analyzes the effect of the women's quota in comparison to countries with legally binding percentages.

    Women on the board of companies have a positive impact on their value. Crucially, the quota for women in corporate management – also known as a boardroom quota – primarily results in the scaling down of inefficient corporate processes. These are the findings of a study conducted by ZEW Mannheim and the New Economic School in Moscow. The study examined both the corporate board structure and the characteristics of its board members in seven European countries with regulations concerning this quota, which range from light to rigorous. A further step was to investigate the effects of the quota on firms’ value and operations, using financial data on the years before the quota was announced and after the compliance date had passed.

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