Men at the bottom quintile of the German male earnings distribution had lower average earnings in 2019 than in 2001. In contrast, female earnings have increased throughout the distribution. What explains these diverging trends and how did they translate into changes in net income? Data from the...

The standard approach to solving linear DSGE models is to apply the QZ method. It is a one-shot algorithm that leaves the researcher with little alternative than to seek a different algorithm should the result be numerically unsatisfactory. We develop an iterative implementation of QZ that...

We construct a narrative instrument for government investment from official records in Germany. Using structural vector autoregressions, we document a significant crowding-in of private investment and an output multiplier of roughly 2. Then, we match a New Keynesian dynamic stochastic general...

In many countries, subsidies towards higher education and financial aid to students from poorer backgrounds have reduced socio-economic status (SES) gaps in undergraduate study. The increasing importance of graduate studies that are typically more expensive may, however, provide a new avenue for...

This paper introduces a novel approach to decomposing consumer price inflation. Expanding upon the established decomposition method for the value-added deflator, our methodology combines the cost structure of the consumption expenditures from the input-output table with quarterly national...

Using the 2021 National Financial Capability Study (NFCS), this study examines the association between gender-based participation in employer-sponsored retirement plans and financial literacy. It also decomposes the association between gender-based participation in employer-sponsored retirement...

Exploring the factors driving the decoupling of China's sulfur dioxide (SO2) emissions from economic growth (DEI) is crucial for achieving sustainable development. By analyzing the decoupling indicators and driving factors at both the generation and treatment stages of SO2, more effective...

This paper establishes a theoretical link between actuarial neutrality and the Oaxaca-Blinder decomposition to empirically assess vertical equity in public defined-benefit schemes. We demonstrate how this approach can be generalized to non-linear functions, point systems, and notional accounts....

We present alternative methods for calculating and interpreting the influence of exogenous shocks on historical episodes within the context of DSGE models. We show analytically why different methods for calculating shock decompositions can generate conflicting interpretations of the same...

The rational allocation of value chain space can effectively promote regional development. In China, various regions have optimized their National Value Chain (NVC) by participating in the Global Value Chain (GVC), forming a structure of Dual-Circulation Value Chain (DCVC) dominated by NVC. This...

We compare wage profiles for STEM-educated and non-STEM-educated individuals over their lifetimes. Using repeated cross-sectional data from Russia, we examine how the dynamics of these types of human capital are affected by technological developments, applying the Age-Period-Cohort decomposition...

Hospitality employs many women, offering a chance to promote gender equality. However, wage disparities and unequal working conditions persist for women. This study examines the gender wage gap in managerial positions within hospitality across fourteen European countries, using data from the...

We examine the evolution of the gender income gap in UK and Ireland between 2008 and 2019 by income decile and decompose it to evaluate the relative importance of gender differences in working hours, self-employment, and hourly pay, as well as the redistributive effect of the tax-benefit system....

Uncertainty is critical in bulk terminals because it is inherent to many operations. In particular, the berth allocation problem (BAP) is greatly affected by the uncertain arrival times of the vessels. In this paper, we propose the first distributionally robust optimization (DRO) model for the...

This report examines the determinants of changes in primary and final energy consumption at EU27 and Member State levels over the period 2010 to 2022 to track and understand the progress towards 2030 energy efficiency targets. Energy consumption trends are driven by several factors beyond energy...

Copositivity is a property of symmetric matrices which is NP-hard to check. Nevertheless, it plays a crucial role in tight bounds for conic approaches of several hard optimization problems. In this paper, we present novel promising shortcut strategies to exploit favorable instances in a...