25 Years IWH

Aida Ćumurović

Aida Ćumurović
Current Position

since 12/16

Assistant to the President

Halle Institute for Economic Research (IWH) – Member of the Leibniz Association

since 1/15

Economist in the Department of Structural Change and Productivity

Halle Institute for Economic Research (IWH) – Member of the Leibniz Association

Research Interests

  • microeconometrics
  • applied microeconomics
  • behavioral economics

Aida Ćumurović joined the Research Department of Structural Change and Productivity in January 2015. She is assistant to the President since December 2016.

As PhD student, Aida Ćumurović works in the Research Group "The Impact of Institutions and Social Norms on Preferences and Behavior".  She studied Economics at the Humboldt University in Berlin (BSc) and International Economics and Policy Consulting at the Otto von Guericke University in Magdeburg (MSc).

Your contact

Aida Ćumurović
Aida Ćumurović
Mitglied - Department Structural Change and Productivity
Send Message +49 345 7753-741

Publications

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22. Spring Meeting of Young Economists in Halle (Saale) – ein Tagungsbericht

Andrej Drygalla Helge Littke Gregor von Schweinitz Aida Ćumurović Geraldine Dany Chi Hyun Kim Juliane Müller

in: Wirtschaft im Wandel , No. 2, 2017

Abstract

Das Spring Meeting of Young Economists (SMYE) – eine große Konferenz von jungen Wirtschaftswissenschaftlern für junge Wirtschaftswissenschaftler – wird jedes Jahr im Auftrag der European Association of Young Economists (EAYE) in einer anderen europäischen Stadt durchgeführt. Vom 23. bis 25. März 2017 wurde das 22. SMYE vom Leibniz-Institut für Wirtschaftsforschung Halle (IWH) und der Martin-Luther-Universität Halle-Wittenberg (MLU) ausgerichtet und von sieben PostDocs und PhD-Studenten dieser Institutionen organisiert.

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Expertise in the Political Process — Benefits, Limits and Risks

Aida Ćumurović Reint E. Gropp Lars Brozus Oliver Geden Uwe Schneidewind Karl-Heinz Paqué Lars P. Feld

in: Wirtschaftsdienst , No. 4, 2017

Abstract

Since the outbreak of the financial and economic crisis, confidence in politicians as well as the economists in their advisory expert panels seems to be at an all-time low. Why do politicians reject science-based advice unless it fits into their political agenda? Are economists misunderstood by politicians and vice versa? The tension between the ideal of evidence-based policy-making and the reality of policy-based evidence-making is hardly a new phenomenon. Therefore, the expectation that Donald Trump, the Brexiteers and European populists will necessarily disappoint their voters because they simply cannot deliver what they have promised is misleading. Experts would be well advised to use the debate on the post-factual era as an impetus to reflect critically on their profession. One opinion expressed in this Zeitgespräch is that the contested societal and political impact of modern economics is due to its restricted scientific self-concept. A more open, pluralistic and transdisciplinary self-definition of economics would strengthen its societal influence. Another contributor ponders the proper incentives to persuade academic economists to provide economic policy advice. Key is the independence of advisory institutions like the German Council of Economic Experts. The selection of people with the best scientific qualifications will ensure the reputation of such institutions.

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Financial Literacy and Self-employment

Aida Ćumurović Walter Hyll

in: IWH Discussion Papers , No. 11, 2016

Abstract

In this paper, we study the relationship between financial literacy and self-employment. We use established financial knowledge-based questions to measure financial literacy levels. The analysis shows a highly significant correlation between selfemployment and financial literacy scores. To investigate the impact of financial literacy on being self-employed, we apply instrumental variable techniques based on information on economic education before entering the labour market and education of parents. Our results reveal that financial literacy positively affects the probability of being self-employed. As financial literacy is acquirable, findings suggest that entrepreneurial activities may be raised via enhancing financial knowledge.

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Finanzmarktwissen bei Selbstständigen besonders ausgeprägt

Aida Ćumurović Walter Hyll

in: Wirtschaft im Wandel , No. 3, 2016

Abstract

Unternehmerische Aktivität ist ein dynamischer Treiber wirtschaftlicher Entwicklung. Finanzmarktwissen befähigt Individuen zu einer besseren Abwägung von Chancen und Risiken. In diesem Beitrag wird geprüft, ob ein höheres Maß an Finanzmarktwissen auch einen Einfluss auf die Entscheidung hat, sich selbstständig zu machen. Dieser Zusammenhang wird auf der Basis von Umfragedaten für Deutschland empirisch bestätigt.

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Working Papers

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Financial Literacy and Self-employment

Aida Ćumurović Walter Hyll

in: IWH Discussion Papers , No. 11, 2016

Abstract

In this paper, we study the relationship between financial literacy and self-employment. We use established financial knowledge-based questions to measure financial literacy levels. The analysis shows a highly significant correlation between selfemployment and financial literacy scores. To investigate the impact of financial literacy on being self-employed, we apply instrumental variable techniques based on information on economic education before entering the labour market and education of parents. Our results reveal that financial literacy positively affects the probability of being self-employed. As financial literacy is acquirable, findings suggest that entrepreneurial activities may be raised via enhancing financial knowledge.

read publication
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