Trotz eines drastischen Rückgangs der Einwohnerzahl wird die Zahl der Privathaushalte auch 2050 noch leicht über dem heutigen Niveau liegen.• Nach der Bevölkerungsvorausschätzung des DIW, Variante IA, wird die Einwohnerzahl in Deutschland bis 2050 von gegenwärtig 82,5 Millionen auf 76,4...

How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we use micro data to estimate a structural life-cycle model of individuals' employment, retirement and consumption decisions....

In this paper, we suggest a Stata routine for multinomial logit models with unobserved heterogeneity using maximum simulated likelihood based on Halton sequences. The purpose of this paper is twofold. First, we describe the technical implementation of the estimation routine and discuss its...

Subsidies for renewable energy sources are increasing around the globe and amounted to more than 100 billion euro in 2013. This study aims to answer whether the subsidies only ensure that green electricity plants are profitable or whether other market participant - as, for example, landowners -...