Institut für Höhere Studien - Institute for Advanced Studies
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Studierende mit nichtbinärem Geschlecht. Studieren zwischen psychischem und finanziellem Druck.
Get PDFWill Central Bank Digital Currency Disintermediate Banks?
Get PDFWe estimate a dynamic banking model to quantify the impact of a central bank digital currency (CBDC) on the banking system. Our counterfactuals show that a one-dollar introduction of CBDC replaces bank deposits by around 80 cents on the margin. Bank lending falls by one-fourth of the drop in deposits because banks partially replace lost deposits with wholesale funding. This substitution raises banks’ interest-rate risk exposure and lowers their resilience to negative equity shocks. If CBDC bears interest or is intermediated through banks, it captures a greater deposit market share, amplifying the impact on lending. The effect on lending is amplified for small banks, for which wholesale funding is more expensive
Wer protestiert in Österreich? Soziodemografische, ideologische und psychologische Aspekte der Normalisierungsthese
Get PDFThe Decline of Manufacturing Employment and the Rise of the Far-Right in Austria
Get PDFIn recent decades right-wing populist parties have experienced increased electoral success in many western democracies. This rise of the far-right, which is strongly built on the support of the working class, coincides with a sharp decline of the manufacturing sector. This paper analyzes the contribution of this manufacturing decline to the rise of the Austrian far-right. Overall the decline in manufacturing employment has strongly contributed to this rightward shift in the political landscape, with the manufacturing decline explaining roughly 43% of the observed increase in far-right vote-shares between 1995 and 2017. This effect is entirely driven by increases in natives unemployment rates, which increased considerably due to the manufacturing decline. Regarding the influences of the forces underlying the manufacturing decline, namely international trade and automation technologies, suggests that both forces contributed in roughly equal parts to this development
Verteilungsfragen in der Forschungsförderung. Zusammenfassung des Workshops “Forschungspolitik: How to distribute the cake of research funds"
No full textFreiheit in der Liebe ist eine Illusion
No full textInterview mit der Soziologien Laura Wiesböck über prominente Paare: wie sie sich inszenieren und damit auch die
Beziehungen normaler Menschen beeinflussen
Policy implications of heterogeneous demand reactions to changes in cost-sharing: Patient-level evidence from Austria
Get PDFCost-sharing is a prominent tool in many healthcare systems both for raising revenue and for steering patient behaviour. Although the effect of cost-sharing on demand for healthcare services has been heavily studied in the literature, researchers often apply a macro-perspective to these issues, opening the door for policy makers to the fallacy of assuming uniform demand reactions across a spectrum of different forms of treatments and diagnostic procedures. We use a simple classification system to categorize 11 such healthcare services along the dimensions of urgency and price to estimate patients’ (anticipatory) demand reactions to a reduction in the co-insurance rate by a sickness fund in the Austrian social health insurance system. We use a two-stage study design combining matching and two-way fixed effects difference-in-differences estimation. Our results highlight how an overall joint estimate of an average increase in healthcare service utilization (0.8%) across all healthcare services can be driven by healthcare services that are deferrable (+1%), comparatively costly (+1.4%) or both (+1.6%) and for which patients also postponed their consumption until after the cost-sharing reduction. In contrast, we do not find a clear demand reaction for inexpensive or urgent services. The detailed analysis of the demand reaction for each individual healthcare service further illustrates their heterogeneity. Our findings provide useful insights for policy makers that even comparatively small changes to the costs borne by patients may already evoke tangible (anticipatory) demand reactions and help to better understand the implications of heterogeneous demand reactions across healthcare services for the use of cost-sharing as a policy tool
