Alone at home: Isolation during the Corona pandemic increases likelihood of selfishness

Experiencing social distancing as a measure against the Corona pandemic led participants in an IWH study to make more selfish decisions. However, a reference to norm-consistent behaviour was able to reduce this effect. Focusing on exemplary behaviour could therefore alleviate the negative social consequences of the lockdown.

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Increase in Personal Contacts Spurs Economic Activity

This summer the economic outlook in Germany is bright. As the pandemic is in retreat, the restrictions will be gradually lifted, and a strong boost in private purchases can be expected. The IWH forecasts that gross domestic product will increase by 3.9% in 2021 and by 4.0% in 2022.

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Relaxation of Corona containment measures: more economic mobility, but also more COVID-19 cases

Estimates suggest that the recent relaxation of Corona containment measures in Germany lead to an increase in economic mobility by more than ten percentage points and the number of new infections and deaths in Germany by 25%. Conclusion: We need better testing and quarantine strategies and quicker vaccinations.

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During Corona, households are saving more for lack of spending opportunities

During the Corona crisis, European households are saving more – not due to economic uncertainty but for lack of spending opportunities in the face of lockdown measures. This allows an optimistic forecast for post-Corona economic recovery as soon as the lockdown is lifted. 

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IWH issues warning of a new banking crisis

The coronavirus recession could mean the end for dozens of banks across Germany – even if Germany survives the economic crisis relatively unscathed. IWH President Reint Gropp warns of a potentially high additional burden for the already weakened real economy.

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IWH hosts award-winning US economist

The renowned Max Planck-Humboldt Research Award 2019 goes to Ufuk Akcigit, Professor of Economics at the University of Chicago. At the IWH, Akcigit aims to use innovative methods to investigate why the economy in eastern Germany is still lagging behind that in western Germany – and what role the privatisation process 30 years ago played in this.

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IWH leads large scale EU project on productivity

Is productivity growth slowing in industrialised countries? And if so, why? From the start of 2019, the IWH will be addressing these decisive questions as the leading coordinator of a new European research collaboration: MICROPROD is the largest EU project in the history of the institute.

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We provide independent research on economic topics that really matter and aim to enrich society with facts and evidence-based insights that facilitate better economic decisions. We focus on growth and productivity because we are convinced that economic prosperity enables people to lead happier lives. We provide young researchers a nurturing place to develop their competencies and to make the most of their skills. Working in flat hierarchies, we are driven by open-minded intellectual curiosity and we have the courage to share inconvenient insights.

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Press Releases

15.07.2021 • 19/2021

Sachsen-Anhalts Mittelstand atmet auf

Dr Axel Lindner
Abstract

Der Mittelstand in Sachsen-Anhalt erholt sich langsam von den Folgen des Corona-Konjunktureinbruchs. Die Stimmungslage der Unternehmen hat sich gebessert. Das geht aus der gemeinsamen Umfrage von Creditreform und Leibniz-Institut für Wirtschaftsforschung Halle (IWH) hervor, an der sich rund 460 Unternehmen aus Sachsen-Anhalt beteiligt haben.

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06.07.2021 • 18/2021

IWH Bankruptcy Update: June Data Incomplete – Small Forecasted Increase in Bankruptcies

Professor Dr Steffen Müller
Abstract

Despite incomplete June data, the month-over-month increase in German corporate bankruptcies is projected to be small. Furthermore, the increase is largely attributable to the higher number of business days in June, according to the IWH Bankruptcy Report, which is published by the Halle Institute for Economic Research (IWH) and provides a monthly update on German bankruptcy statistics.

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24.06.2021 • 17/2021

Loneliness during the pandemic – social isolation increases the likelihood of selfish behaviour

Professor Dr Sabrina Jeworrek
Abstract

Social distancing as a counter-measure to the COVID-19 pandemic has far-reaching social consequences which have so far hardly been discussed from an economic perspective. This is demonstrated in a study by the Halle Institute for Economic Research (IWH). “Experiencing social isolation resulted in the participants in our study making more selfish decisions,” says the author of the study, Sabrina Jeworrek, Assistant Professor at Otto von Guericke University Magdeburg and head of research group in the Department of Structural Change and Productivity at IWH.

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15.06.2021 • 16/2021

Increase in personal contacts spurs economic activity

Professor Dr Oliver Holtemöller
Abstract

This summer the economic outlook in Germany is bright. As the pandemic is in retreat, the restrictions that have hampered many service activities are likely to be gradually lifted, and a strong boost in private purchases can be expected. The Halle Institute for Economic Research (IWH) forecasts that gross domestic product will increase by 3.9% in 2021 and by 4.0% in 2022. Production in East Germany is expected to increase by 3% in both years, respectively.

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Workshops and conferences

7th IWH-FIN-FIRE Workshop on "Challenges to Financial Stability"

Keynote Speakers: Antoinette Schoar (Massachusetts Institute of Technology, MIT); Johannes Stroebel (Leonard N. Stern School of Business, NYU Stern)
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