[Background] The 1992 United Nations Conference on Environment and Development made the first call for the creation of sustainability indicators to measure the changes in the social, economic, political, and physical factors of sustainability. Different concepts of carbon (Rees, 1992) and water...

Die privaten Haushalte in Deutschland haben während der Pandemiejahre 2020 und 2021 aufgrund von eingeschränkten Konsummöglichkeiten in der Abgrenzung der Volkswirtschaftlichen Gesamtrechnung rund 194 Mrd. Euro an zusätzlichen Ersparnissen gebildet, wobei davon etwas mehr als die Hälfte bei...

Diese Analyse nutzt amtliche Mikrodaten für die deutsche Industrie. Auf Ebene fein untergliederter Produkte werden der Verbrauch an Erdgas und der heimische Produktumsatz mit Daten der Vereinten Nationen zu Exporten und Importen verknüpft. Es zeigt sich, dass * die 300 Produkte mit dem...

This study investigates the evolution of electricity consumption across residential and industrial sectors in Taiwan. By applying the dynamic factor model, we classify the fluctuations in electricity consumption into aggregate, regional, and individual factors, which sheds light on the latent...

Due to the vast conserves of Bangladesh's natural gas's total demand has increased in the last decade. Natural gas was a primary source of energy and played a vital role in Bangladesh's sectorial consumption and rapid economic development. This study explores the factors influencing natural gas...

Die privaten Haushalte in Deutschland haben während der Pandemiejahre 2020 und 2021 aufgrund von eingeschränkten Konsummöglichkeiten in der Abgrenzung der Volkswirtschaftlichen Gesamtrechnung rund 194 Mrd. Euro an zusätzlichen Ersparnissen gebildet, wobei davon etwas mehr als die Hälfte bei...

This study examines the relationship between perk consumption and forced CEO turnover. The results based on Chinese firms indicate that the likelihood of forced CEO turnover increases with excess perk consumption by executives. The positive effect of excess perk consumption on CEO dismissal...

We study the dynamics of consumption, the real interest rate, and measures of labor input in Japan over the period from 1985-2014. We identify structural breaks in macroeconomic aggregates during the 1990s and associate them with the zero interest rate policy pursued by the Bank of Japan and the...

We estimate the impact of Covid-induced working from home (WFH) on offline consumer spending in urban agglomerations. Our analysis draws on postcode-level data on card transactions and WFH patterns in major German cities between January 2019 and May 2022. We address endogeneity in WFH uptake by...

In this paper, I study technological change as a candidate for the observed increase in consumption inequality in the United States. I build an incomplete market model with educational choice combined with a task-based model on the production side. I consider two channels through which...

Das globale Ernährungssystem ist für 26-34% der globalen Treibhausgasemissionen verantwortlich und trägt maßgeblich zu Biodiversitätsverlusten, Bodenerosion, Wasserverbrauch und Wasserverschmutzung bei. Der Lebensmitteleinzelhandel (LEH) hat eine zentrale Rolle im Ernährungssystem, da er...

Instrumental variables (IV) estimation of a demand equation using time series data is shown to produce a weighted average derivative of heterogeneous potential demand functions. This result adapts recent work on the causal interpretation of two-stage least squares estimates to the simultaneous...

This paper studies the evolution of household income, consumption, and savings around retirement in the context of a major reform of the public pension system in Norway. The 2011 reform implied a substantial increase in work incentives for workers covered by the early retirement scheme AFP and a...

According to the permanent income logic, individuals form expectations about their ability to produce in the long run and decide how much to consume today according to their forecasts.This paper documents that deviations of current consumption from its permanent level warranted by...

This paper uses data taken from the tax returns of all Icelandic taxpayers in 2005-2019, a period that saw large changes in disposable income around the country's financial crisis in 2008, to plot the life-cycle path of consumption and income for different education groups and to estimate the...

Cigarette smokers earn significantly less than nonsmokers, but the magnitude of the smoking wage gap and the pathways by which it originates are unclear. Proposed mechanisms often focus on spot differences in employee productivity or employer preferences, neglecting the dynamic nature of human...

Electricity consumption is China's main energy consumption and an important indicator of economic performance. Forecasting electricity consumption plays an increasingly important role in economic development. In order to solve this problem, a fractional order discrete Verhulst model was proposed...

This paper examines the distribution effects of the existing increasing block price (IBP) system that governs the Indian residential electricity sector. By taking advantage of the observed customer heterogeneity (rural-urban divide, user size), IBP is possible to generate higher revenues while...

Angesichts des jüngsten, kräftigen Anstiegs der Energie- und Lebensmittelpreise plant fast die Hälfte der deutschen Haushalte, ihren Konsum für eine Vielzahl von Konsumkategorien zurückzufahren. Das geht aus der aktuellen Welle der HBS-Erwerbspersonenbefragung hervor. Am häufigsten sind...

We study competitive search in goods markets in a heterogeneous-agent monetary model. The model accounts for three stylized facts connecting inflation to consumption inequality, to price dispersion, and to the speed of monetary payments. With competitive search, individuals’ endogenous...

We study competitive search in goods markets in a heterogeneous-agent monetary model. The model accounts for three stylized facts connecting inflation to consumption inequality, to price dispersion, and to the speed of monetary payments. With competitive search, individuals’ endogenous...

This paper examines inequality in both leisure and consumption over the past four decades using time use surveys stretching from 1975 to 2016. We show that individual and family characteristics, especially when including work hours, explain most of the long run variation in leisure. We then use...

We show that a calibrated life-cycle two-earner household model with endogenous labor supply can rationalize the extent of consumption insurance against shocks to male and female wages, as estimated empirically by Blundell, Pistaferri and Saporta-Eksten (2016) in U.S. data. In the model, 35% of...

Dieser Artikel gibt einen frühen Überblick über die wichtigsten Entwicklungen in der deutschen Wirtschaft im Jahr 2020 unter dem Eindruck der Corona-Pandemie. Das Bruttoinlandsprodukt ist im Jahr 2020 nach ersten vorläufigen Ergebnissen um 5,0 % zurückgegangen. Die deutsche Wirtschaft ist...

Die derzeitige Konjunkturkrise ist am aktuellen Rand eine Konsumkrise und in ihrer Dimension deutlich stärker als während der globalen Finanzmarktverwerfungen von 2008/2009. Der private Konsum hat sich in den 15 Jahren bis zum Ausbruch der Corona-Pandemie in Deutschland ähnlich gut entwickelt...

Die derzeitige Konjunkturkrise ist am aktuellen Rand eine Konsumkrise und in ihrer Dimension deutlich stärker als während der globalen Finanzmarktverwerfungen von 2008/2009. Der private Konsum hat sich in den 15 Jahren bis zum Ausbruch der Corona-Pandemie in Deutschland ähnlich gut entwickelt...

Dieser Artikel gibt einen frühen Überblick über die wichtigsten Entwicklungen in der deutschen Wirtschaft im Jahr 2020 unter dem Eindruck der Corona-Pandemie. Das Bruttoinlandsprodukt ist im Jahr 2020 nach ersten vorläufigen Ergebnissen um 5,0% zurückgegangen. Die deutsche Wirtschaft ist...

Die aktuellen Berichte des Weltklimarates (Intergovernmental Panel on Climate Change, IPCC) und des International Resource Panel zeigen erneut die Dringlichkeit einer umfassenden sozial-ökologischen Transformation auf. Das bedeutet, dass die Umsetzung der "Agenda 2030", welche im Jahr 2015...

Purpose: In this study, we empirically demonstrate how the new variable of "cyclical consumption" can capture consumption risk and predict expected stock returns, which relationship is stronger and should be considered as the primary macro indicator for stock markets between KOSPI and KOSDAQ,...