Higher schooling attainment is associated with better cognitive function at older ages, but it remains unclear whether the relationship is causal. We estimate causal effects of schooling on performances on the Consortium to Establish a Registry for Alzheimer's Disease (CERAD) word-recall...

This paper examines the individual innovation contributions of the vocational education and training (VET) workforce compared to university graduates such as scientists and engineers. For this purpose, individual-level data from the German manufacturing sector are used, distinguishing between...

This paper estimates rates of return on wealth across gross wealth groups by matching individual-level survey data with macroeconomic return data for Germany. Using machine learning for more detailed financial asset categories, we find that the average nominal rate of return on gross assets for...

Gender gaps in employment have narrowed but remain substantial, particularly among couples. To estimate how improved female wage opportunities influence partners' employment choices, I exploit demand-driven wage changes in job tasks and German administrative data. Results indicate women respond...

We employ the WTO Global Trade Model (GTM) to generate quantitative projections on the expected long-run impact of digitalization on global trade patterns. Five trends are modelled: (i) adoption of artificial intelligence which raises productivity growth; (ii) digitalization reducing trade...

The expansion of wind power has the potential to make a major contribution to the mitigation of climate change. While wind power generates positive externalities at the global level by reducing carbon dioxide, it also generates negative externalities at the local level, such as noise pollution...

Various stakeholders are increasingly encouraging companies from the real economy to adopt measures facilitating their transition towards carbon neutrality. In this context, companies are expected to implement forward-looking strategies and climate-related reporting practices using scenario...

How does patent examination influence access to finance for innovative firms? We exploit a reform to the UK's patent system that introduced substantive examination to the patent application process, improving the information available to potential investors on the value of firms' patents. Using...