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How is creative destruction connected to innovation? Can competition policy stimulate industrial dynamics? How to solve Europe’s ‘unicorn problem’? On 14 September 2021, ZEW President Professor Achim Wambach and Professor Philippe Aghion, Collège de France INSEAD and London School of Economics, have discussed these questions. The French economist also presented his book “The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations” at the seventh #ZEWBookTalk.

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The school team of the Albert-Einstein-Gymnasium from Frankenthal has secured its place in the national final of the school competition YES! – Young Economic Summit in September 2021. The team convinced the organisers with their idea and received the wildcard for the best scientific approach. Katia Gallegos Torres and Paul Berbée from the ZEW Research Department “Labour Markets and Human Resources” are mentoring and supporting the school team in the competition.

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For years, a decline in productivity growth and a slowdown in industrial dynamics have been clearly visible in almost all sectors in Germany. Policymakers fear that this will have long-term effects on economic growth and employment. What is needed are significantly stronger business and productivity dynamics. But how can this be achieved? Especially companies in the low-tech sector are important drivers of productivity growth. So far, however, they have not been given enough attention by policymakers, as a recent study by ZEW Mannheim on behalf of the Bertelsmann Stiftung shows.

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The rapid expansion of renewables has created new challenges for security of supply. Long-term forward contracts could help to address them.

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Economic experts expect consumer prices to continue to rise, but still consider this to be only a short-term phenomenon. Moreover, they are confident that the German economy has now embarked on a fairly stable growth path. This is the result of the business cycle tableaus by ZEW Mannheim and the German daily newspaper, Börsen-Zeitung.

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Germany will elect a new federal government on 26 September. Parties’ election campaigns are in full swing. As always, money is a crucial factor to win votes. In their election programmes, parties propose ideas to restructure taxes and the social security system. In the #ZEWPodcast, Professor Sebastian Siegloch, head of the ZEW Research Department “Social Policy and Redistribution”, explains how these reform proposals are reflected in citizens’ account balances.

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Dr. Barbara Stage has been appointed assistant professor of financial accounting and business taxation at WHU – Otto Beisheim School of Management as of 1 August 2021. Previously, she was a researcher in the “Corporate Taxation and Public Finance” Research Department at ZEW Mannheim and completed her PhD under the supervision of Professor Christoph Spengel at the University of Mannheim.

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How well informed are Germans about economic policy issues? And when it comes to understanding reform projects in politics: What role do economic literacy and disinformation play? How important is the transfer of knowledge? These and other questions were discussed by researchers at a workshop organised by ZEW Mannheim in cooperation with the Brigitte Strube Stiftung on 8 July 2021.

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Family leaves, part-time work, poorly paid jobs – the causes for the different income levels between women and men are many. In Germany, women currently earn on average 19 per cent less than men.

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In 2021, the Volksbank Weinheim Stiftung and ZEW Mannheim will present the “Future of the Working World” research award for the ninth time. The award aims to honour outstanding doctoral and master’s theses in economics completed at universities and non-university research institutions in the Rhine-Neckar metropolitan region. The award for the best dissertation is endowed with 3,000 euros. The best master’s thesis is rewarded with 2,000 euros. The award also includes the opportunity for a research stay at ZEW. The deadline for submissions is 31 October 2021.

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