A Note on the Use of Syndicated Loan Data
Isabella Müller, Felix Noth, Lena Tonzer
International Finance,
Vol. 28 (3),
2025
Abstract
Syndicated loan data provided by DealScan is an essential input in banking research to answer urging questions on bank lending, e.g., in the presence of financial or geopolitical shocks or climate change. However, many data options raise the question of how to choose the estimation sample. We employ a standard regression framework analyzing bank lending during the financial crisis of 2007/08 to study how conventional but varying usages of DealScan affect the estimates. The key finding is that the direction of coefficients remains relatively robust. However, statistical significance depends on the data and sampling choice, and we provide guidelines for applied research.
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Inflation Concerns and Financial Stress
Sabrina Jeworrek, Lena Tonzer
Economics Letters,
Vol. 254 (August),
2025
Abstract
We provide evidence for a psychological component of inflation concerns. Higher inflation concerns relate in a positive and significant way to respondents’ reported levels of concerns about their financial situation. Results hold when controlling for income and financial constraints.
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Die Verteilung und Struktur des deutschen Nationaleinkommens von 1992 bis 2019
Stefan Bach, Charlotte Bartels, Theresa Neef
Wirtschaft im Wandel,
No. 2,
2025
Abstract
Wie haben sich die Einkommen unterschiedlicher Bevölkerungsgruppen in Deutschland seit der Wiedervereinigung entwickelt? Unsere Studie untersucht die Entwicklung und Zusammensetzung des Nationaleinkommens entlang der Verteilung im Zeitraum von 1992 bis 2019. Während die untere Hälfte der Einkommensverteilung (unterhalb des Medianeinkommens) bis Mitte der 2000er Jahre reale Einkommensverluste verzeichnete, stiegen die Einkommen der oberen Mittelschicht (die obersten 10%, ohne das einkommensstärkste 1%) stetig. Die Spitzeneinkommen (oberstes 1%) blieben zwischen 1992 und 2019 relativ stabil. Arbeitseinkommen dominieren bei den unteren 99%, während das oberste 1% von Unternehmenseinkommen – insbesondere aus arbeitsintensiven Dienstleistungsunternehmen und freien Berufen – bestimmt ist. Unsere Ergebnisse sind zentral für die Debatte über Reformen der Sozialversicherungsbeiträge und der Einkommensbesteuerung.
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Media Response
Media Response April 2026 Steffen Müller: Insolvenzen auch im Januar gestiegen in: Hannoversche Allgemeine Zeitung, 15.04.2026 IWH: Kretschmer wirft Bundesregierung…
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10th Vintage
The CompNet 10th Vintage Dataset 10th Vintage dataset is now available! The CompNet dataset provides a comprehensive set of micro-aggregated indicators, specifically designed to…
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10.04.2025 • 13/2025
Joint Economic Forecast 1/2025: Geopolitical turn intensifies crisis – structural reforms even more urgent
The German economy will continue to tread water in 2025. In their spring report, the leading economic research institutes forecast an increase in gross domestic product of just 0.1% for the current year. For 2026, the institutes expect gross domestic product to increase by 1.3%. In the short term, the new US trade policy and economic policy uncertainty are weighing on the German economy. The additional scope for public debt should gradually have an expansionary effect, but threatens to crowd out private consumption and private investment.
Oliver Holtemöller
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Research Articles
Research Articles Explore cutting-edge research based on CompNet’s micro-aggregated firm-level data and related analytical tools. These articles cover empirical and theoretical…
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Media Response Archive 2021 2020 2019 2018 2017 2016 December 2021 IWH: Ausblick auf Wirtschaftsjahr 2022 in Sachsen mit Bezug auf IWH-Prognose zu Ostdeutschland: "Warum Sachsens…
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9th vintage
9th Vintage CompNet Dataset The CompNet dataset includes a set of micro-aggregated indicators to enhance policy and academic analysis on competitiveness and productivity. All the…
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IWH Alumni The IWH maintains contact with its former employees worldwide. We involve our alumni in our work and keep them informed, for example, with a newsletter. We also plan…
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