In this work, utilizing yearly variation between biological siblings, we test for a correlation between poor child health and adult household financial behavior, i.e. risky asset market participation. Using regression and decomposition techniques, we test if this long reach of child health...

In this paper we study the effect of institutional reform on the decision to hold risky assets at the extensive and the intensive margin. We therefore make use of the natural experiment of German Division and Reunification and, based on savings bank customer data from German savings banks, study...

In this paper we deliver first causal evidence on the relationship between immigrant host country language proficiency and homeownership. Using an instrumental variable strategy, we find a substantial positive impact of language skills on the propensity to own a home and the quality of housing....

In this paper we study the effect of institutional reform on the decision to hold risky assets at the extensive and the intensive margin. We therefore make use of the natural experiment of German Division and Reunification and, based on savings bank customer data from German savings banks, study...

Im Zuge der deutschen Wiedervereinigung wurden die formalen Institutionen in West- und Ostdeutschland schnell angeglichen. Dies galt insbesondere auch für die Kapitelmärkte. Nach Einrichtung eines Wertpapierdepots konnten nun auch Ostdeutsche risikobehaftete Wertpapiere unterschiedlichster Art...

The determinants of portfolio choice have been studied extensively in the field of household finance. In this paper we study the determinants of the decision to hold risky assets based on a novel dataset of German bank data. Our primary focus is the question whether East Germans differ in their...

Das BUNDESMINISTERIUM FÜR VERKEHR UND DIGITALE INFRASTRUKTUR arbeitet derzeit an der Aufstellung eines neuen Bundesverkehrswegeplans, der bis zum Jahr 2015 vorgelegt werden soll. Eine wichtige Grundlage hierfür ist eine realistische Vorausschätzung der künftigen Verkehrsentwicklung in...