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12.03.2024 • 8/2024

Risk in the banking sector: four out of ten top supervisors come from the financial industry

Europe's banks realise excess returns on the stock market when their alumni join the boards of national supervisory authorities. A study by the Halle Institute for Economic Research (IWH) shows that this happens more frequently than previously recognised. The findings indicate a risk to financial stability and call for a more merit-based, transparent appointment of senior regulators.

Michael Koetter
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IWH European Real Estate Index

IWH European Real Estate Index (EREI) The IWH European Real Estate Index is a new dataset that illustrates developments in the European real estate market. Besides quoted…

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IWH Treuhand Database

IWH Treuhand Privatisation Micro Database The IWH Treuhand Micro Database is a new data set that illustrates the privatisation of East German companies in the first half of the…

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IWH Construction Survey

IWH Construction Survey From 1993 until the first quarter of 2017, the IWH conducted regular surveys among companies. The results of these surveys could be used to promptly…

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A Multi-Model Assessment of Inequality and Climate Change

Marie Young-Brun, et al.
Research Square, 2024
Abstract

Climate change and inequality are critical and interrelated defining issues for this century. Despite growing empirical evidence on the economic incidence of climate policies and impacts, mainstream model-based assessments are often silent on the interplay between climate change and economic inequality. For example, all the major model comparisons reviewed in IPCC neglect within-country inequalities. Here we fill this gap by presenting a model ensemble of eight large-scale Integrated Assessment Models belonging to different model paradigms and featuring economic heterogeneity. We study the distributional implications of Paris-aligned climate target of 1.5 degree and include different carbon revenue redistribution schemes. Moreover, we account for the economic inequalities resulting from residual and avoided climate impacts. We find that price-based climate policies without compensatory measures increase economic inequality in most countries and across models. However, revenue redistribution through equal per-capita transfers can offset this effect, leading to on average decrease in the Gini index by almost two points. When climate benefits are included, inequality is further reduced, but only in the long term. Around mid-century, the combination of dried-up carbon revenues and yet limited climate benefits leads to higher inequality under the Paris target than in the Reference scenario, indicating the need for further policy measures in the medium term.

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IWH EXplore

IWH EXplore Competitive Funding for Research Projects with External Involvement at IWH IWH EXplore gives scientists the opportunity to acquire supplemental funding, in addition to…

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19.12.2023 • 31/2023

IWH-Tarif-Check: Keine realen Netto-Tariflohnzuwächse für Beschäftigte im öffentlichen Dienst der Länder

„Inflationsausgleichszahlung“ und Tariflohnsteigerungen dürften Verbraucherpreisinflation nur knapp ausgleichen. Die Tarifvertragsparteien des öffentlichen Dienstes der Länder haben sich vor kurzem auf einen neuen Tariflohnabschluss geeinigt: Es wurde vereinbart, dass Einmalzahlungen von insgesamt 3 000 Euro in elf Monatsbeträgen abgabenfrei als so genannte Inflationsausgleichsprämie gezahlt werden. Bereits im Dezember 2023 soll ein Teilbetrag in Höhe von 1 800 Euro ausgezahlt werden, von Januar bis einschließlich Oktober gibt es monatlich jeweils 120 Euro. Die regulären Tabellenentgelte erhöhen sich währenddessen nicht. Erst ab November 2024, wenn die Inflationsausgleichszahlung wegfällt, gibt es eine Stufenerhöhung über 200 Euro für alle Beschäftigten. Auf diese setzt ab Februar 2025 dann eine reguläre prozentuale Erhöhung von 5,5% auf. Der Tarifvertrag läuft bis Ende Oktober 2025.

Oliver Holtemöller
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14.12.2023 • 30/2023

Exports and private consumption weak ‒ Germany is waiting for an economic upturn

In the winter of 2023/2024, the German economy is still in a downturn. Parts of industry have lost competitiveness, real incomes have fallen in 2023 due to inflation, and there is uncertainty about the course of fiscal policy. However, rising real incomes and a slight increase in exports should cause a pickup from spring onwards. The Halle Institute for Economic Research (IWH) expects gross domestic product (GDP) to fall by 0.3% in 2023 and to expand by 0.5% in 2024 (East Germany: +0.5% and +0.7%). In September, the IWH forecast had assumed a decline of 0.5% for Germany in 2023 and expected growth of 0.9% for the coming year.

Oliver Holtemöller
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Overview, Contact and Opening Hours

Library The IWH scientific library is specialized in economics, corresponding to the Institute's research profile. The library stock contains especially literature on the…

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Internships

Internship at Halle Institute for Economic Research (IWH) Interested in gaining an authentic insight in the interesting daily business and the variable tasks of an institute for…

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