Mannheim economist Prof. Arthur Seibold, Ph.D. has been honored with the Schmölders Prize 2023 by the Verein für Socialpolitik (VfS). In the awarded study, Seibold demonstrates that changes in the statutory retirement age significantly affect the individual age of retirement.
The Social Science Committee of the VfS recognized Seibold for his study titled “Reference Points for Retirement Behavior: Evidence from German Pension Discontinuities”. Seibold, who is Assistant Professor of Public Economics at the Department of Economics, analyzes the factors determining people's decisions to retire, utilizing data from the Statutory Pension Insurance in Germany. The findings reveal that employees tend to retire upon reaching a legal age limit more than would be expected based solely on the financial incentives associated with this age limit. The behavioral model developed by Seibold confirms that adjusting the statutory retirement age through pension reforms is an effective measure for influencing retirement decisions.
“In combining behavioral economic theory, institutional expertise, and evidence-based impact analysis, the study follows in the proud tradition of the Schmölders approach to behavior-oriented economic and social science, convincingly showcasing its potential for research in public economics,” stated the jury's rationale for Seibold's award.
The Schmölders Foundation's prize, endowed with 3,000 Euros, is granted by a panel of experts for an article published in a professional journal over the past three years. The jury is alternately composed of members from the social science, public economics, and economic history committees of the VfS.
The Verein für Socialpolitik is the largest association of economic researchers in the German-speaking region. The organization's goal is to promote both the advancement of science in the field of economic and social policy problem-solving as well as international cooperation within the discipline.
Link to the original publication in the American Economic Review.
Prof. Arthur Seibold
Assistant Professor of Public Economics
Department of Economics
University of Mannheim
Tel. +49 621 181-1781
Economics is widely regarded as one of the most exciting fields of study. But where is the premier location to study economics in Germany? According to the newly released print edition of the ZEIT Study Guide, which incorporates the CHE ranking results of 2023, the answer is unequivocal: Mannheim!
In the current rankings conducted by the Centre for Higher Education (CHE), the Department of Economics has been extremely successful for the third time in a row after 2017 and 2020: With 9 first placements in the 20 ranked criteria, it is not surpassed by any other public university in Germany. Although it shares this place with another university, the Mannheim department is also represented in the top group in 17 of the 20 criteria, compared to 16 placements of the competitor. It stands out in both research and teaching, especially in the categories General Study Situation, Study Organisation, Support in Studies, Examination Organisation, Library Equipment, Premises, Teaching Offer, Digital Teaching Elements and Research Reputation.
In the anonymous student surveys carried out alongside the CHE rankings, an overwhelming majority of students expressed high satisfaction with various aspects of their studies. According to the CHE, 95.7% of students rated the opportunities for individual specialisation in their studies as good or very good, 97.9% appreciated the support and advice in preparing for study abroad, 96.8% were satisfied with the condition and technical equipment of the lecture halls, 95.9% praised the quality of study organization, and 95.6% of students rated access to courses (no waiting times for places) as good or very good.
The CHE ranking is the most comprehensive and detailed ranking in the German-speaking area. Every year, one third of the subjects are re-examined. In addition to facts about study, teaching, equipment and research, the ranking includes students' judgments on the study conditions at their university and professors' judgments on the research reputation of the faculties. The results are available on the Internet at https://studiengaenge.zeit.de/ranking/results?fachId=27&abschlussart=3 and can also be read in the current print edition of the ZEIT Study Guide.
In acknowledgment of his exemplary teaching methods and dedication to student success, Prof. Dr. Jochen Streb, who has served as a professor of Economic History at the Mannheim Department of Economics since 2011, has been awarded the Teaching Award 2023 of the University of Mannheim. The award was presented to him during the University Day on May 16th.
The teaching approach employed by the awardee stands out due to its unique and captivating nature, resonating with great enthusiasm among his students. For instance, every semester he offers a seminar in which students not only write and present a research paper but also deliver a critical co-referral on a fellow student's work. Through this, Streb fosters their ability to engage in open scientific discourse.
Furthermore, the economic historian incorporates practical relevance into his teaching and consistently updates his teaching concepts, resulting in highly positive feedback from attendees of his lectures. His passion for economics is inspiring and ignites a similar passion within his students. They particularly value how Streb nurtures their active learning, critical thinking, and reflective capabilities. Last year, the professor was already honored with the Teaching Award from the Economics Student Association, recognizing his exemplary commitment to teaching.
Professor Eckhard Janeba, holder of the Chair of Public Economics and Economic Policy, has been appointed as the new Chair of the Scientific Advisory Board at the Federal Ministry for Economic Affairs and Climate Action (BMWK). The Advisory Board provides counsel to the Ministry across the full spectrum of economic policy decisions.
Key topics on the Board's agenda include, in addition to implementing the energy transition, the reorientation of foreign economic policy in the new geopolitical world order, the financial sustainability of social security systems, climate protection, and shaping competition in the digital age.
“Many policy issues today are more complex and also touch various ministries. For instance, the pricing of CO2 has effects on climate change, but on the other hand, it also has socio-political and industrial impacts. Keeping this in mind and incorporating it into our advice is important to us,” comments economic expert Janeba.
About the Person
Professor Eckhard Janeba has been a Professor of Economics at the University of Mannheim since 2004. His preferred research fields are public economics and foreign trade. He is particularly interested in the effects of globalization on government action. He has written seminal publications on the theory of tax competition and is currently working on fiscal rules such as the debt brake and the European Stability and Growth Pact.
About the Scientific Advisory Board
The Scientific Advisory Board comprises 41 scientists. The committee operates independently of the BMWK and regularly publishes expert reports. In February, it released a report on the transformation towards a climate-neutral industry, which dealt with green lead markets and climate protection contracts. The Board meets five times a year and deliberates on self-chosen topics. The results of the consultations are subsequently published in the form of expert reports.
Prof. Dr. Eckhard Janeba
Chair of Public Economics and Economic Policy
University of Mannheim
Tel: +49 621 181-1796
Students are very satisfied with the University of Mannheim. Last year, no other university in Germany was rated higher on the StudyCheck online portal than the University of Mannheim. This was honored with the “Most Popular University” award in the StudyCheck Award 2023.
For the ranking, the portal compared all evaluations published by students on their respective degree program during the calendar year 2022. The University of Mannheim achieved a score of 9.12/10 in the ranking, making it the best-rated university. In the overall ranking of all universities and colleges in Germany, only Hof University of Applied Sciences does even better.
Almost 80,000 student evaluations from 2022 were evaluated for the ranking. Mannheim students submitted 350 evaluations. 98 percent of them recommend their course of study at the University of Mannheim.
“I am very pleased about the award because it is the result of a very honest ranking,” says University rector Prof. Thomas Puhl. “At StudyCheck, students describe and rate their study program at the respective place of study and thus give prospective students an insight into what studying is really like. The fact that our study programs are rated so well shows that we offer a good range of courses, and it is an incentive for us not only to maintain this level of teaching, but to continuously improve it.”
StudyCheck is an online portal founded in 2013 where students as well as graduates can publish testimonials about their studies. The StudyCheck Award has been presented since 2015. The ranking of the individual colleges and universities is determined by the so-called score value, which is formed by the star rating and the overall ratio of recommendation given by the students.
The ranking is available online at https://www.studycheck.de/hochschulranking.
The German National Academy of Sciences Leopoldina has appointed Michèle Tertilt, professor of economics at the University of Mannheim, as its member for the section “Economics and Empirical Social Sciences”. The election in a multi-stage procedure is considered one of the highest honors for scientists. The criterion for admission is outstanding scientific achievement. “Being appointed as a member of the Leopoldina is a great honor. I am very much looking forward to working together in science and policy advice,” Tertilt says of the award.
The Leopoldina National Academy of Sciences, founded in 1652, is one of the oldest scientific academies in the world. With around 1,500 members, it brings together outstanding scientists from Germany, Austria, Switzerland and numerous other countries. As a national academy, the Leopoldina represents German science in international bodies and publishes independently on the scientific foundations of political and social issues.
Michèle Tertilt spent 13 years conducting research in the United States. After studying in Bielefeld, she earned her doctorate at the University of Minnesota. This was followed by an assistant professorship at Stanford University before she accepted the call to Mannheim. She has been a professor of economics at the University of Mannheim since 2010. In 2013, Tertilt was appointed–as the first German academic ever–to the editorial board of the Review of Economic Studies, one of the top five economics journals worldwide. In the same year, she became the first woman to receive the prestigious Gossen Prize from the Verein für Socialpolitik. In 2012, she received a Starting Grant from the European Research Council ERC for her project Gender Differences: A Macroeconomic Perspective. In 2017, Tertilt became the second German scientist to receive the Yrjö Jahnsson Award, an honor bestowed on the best European economists. And in 2019, she was awarded the Gottfried Wilhelm Leibniz Prize for her outstanding work in the fields of macroeconomics and development economics as well as family economics and finance.
Prof. Michèle Tertilt
University of Mannheim
E-Mail: tertilt uni-mannheim.de
With the announcement of no less than four junior professorships, the Department of Economics is represented at this year's international job market for excellent young academics in the field of economics. In the fall of each year, all renowned institutions simultaneously advertise their positions to be filled in the following year, and the subsequent interviews and job offers also take place in parallel.
This year, the Department of Economics is participating with the junior professorship of Theoretical Public Economics, to be regularly re-filled in 2023, as well as an additional three junior professorships in the field of macroeconomics. The macroeconomic professorships will be brought forward to fill positions that will become vacant at a later date. This temporarily increases the number of junior professors working at the department. The funding comes mainly from third-party funds plus some regular funds saved for this purpose.
“We are very happy to be able to give three more internationally outstanding young economists a chance in the coming year through the use of additional funding,” explains Prof. Klaus Adam, Ph.D., spokesperson for the Department of Economics and dean of the joint faculty with the Department of Law. “The three junior professorships, one of which is to be filled in the field of Monetary Economics, will give the important field of macroeconomics an additional boost. Both research and teaching in Mannheim will benefit.”
Prof. Klaus Adam, Ph.D.
Head of the Department of Economics
University of Mannheim
E-Mail: dekanat vwl.uni-mannheim.de
For his paper “Energy Tax Exemptions and Industrial Production”, Dr. Andreas Gerster, Acting Chair of Quantitative Economics at the University of Mannheim, was awarded first place in the Deutscher Wirtschaftspreis, category “Best Contributions by Young Academics”. The prize is awarded every two years by the Joachim Herz Foundation and is endowed with 25,000 euros.
Together with co-author Stefan Lamp, postdoctoral researcher at the Universidad Carlos III de Madrid, Andreas Gerster is investigating the effects of exempting electricity-intensive companies in the manufacturing sector from the EEG surcharge (EEG-Umlage). They focus on two main aspects: the companies' electricity consumption and their competitiveness. With regard to electricity consumption, the researchers observe a detrimental effect, as the companies exempted from the energy tax significantly increase their consumption. Moreover, Gerster and Lamp compare two designs of the scheme: when companies are offered incentives to reach a threshold that entitles them to exemption, they deliberately consume more electricity than when no such incentives are offered. Competitiveness was measured in terms of employment, sales, and exports, where Gerster and Lamp show no significant effects. Since improving competitiveness is the goal of the energy tax exemption, the researchers question its necessity in its current form.
The Joachim Herz Foundation recognizes the project as an important contribution to making the exemption from the EEG levy environmentally compatible. Every two years, it honors outstanding interdisciplinary research contributions in economics with the Deutscher Wirtschaftspreis. It is awarded in the categories “Best research work by an established scientist” and “Best contributions by young scientists” and is the most highly endowed prize for economics in Germany. “This is great recognition for our work. It encourages us to continue with research, even if it was sometimes exhausting,” says Andreas Gerster, delighted with the award.
Further information is available at: https://www.joachim-herz-stiftung.de/was-wir-tun/wirtschaft-verstehen-gestalten/wirtschaftswissenschaften-querdenken/wirtschaftspreis/
Dr. Andreas Gerster
Acting Chair of Quantitative Economics
Department of Economics
University of Mannheim
Phone: +49 621 181 1791
After World War II, millions of refugees were displaced to West Germany. At that time, Germany was divided into four Allied occupation zones. As the French occupation zone restricted the access of refugees, most ended up settling in the UK, US, and Soviet occupation zones.
The consequences can be seen clearly in comparing towns right at the former border between the French and the US occupation zones in what became the state of Baden-Württemberg. In 1950, towns on the former US side of the border had many more refugees and a 20 percent greater population density. Before the arrival of refugees, in contrast, there had never been any differences in population density. Nor did towns on opposite side of the border differ in other socio-economic characteristics.
What were the economic consequences of the refugee arrival in the long term? A new study compares the economic development of towns on opposite sides of the former border in the 75 years since the refugees arrived.
The economists Antonio Ciccone (Mannheim University) and Jan Nimczik (ESMT Berlin) focus on the effects of the historical refugee intake on today’s productivity, wages, income, rents, and population density. They document that, as of 2020, population density is still greater in towns on the former US side. And, at the same time, towns on the former US side have higher income per capita, productivity, and wages today alongside higher rents.
The arrival of refugees on the US side of the former border raised income per capita and productivity by around 13 percent and wages by around 10 percent. However, it took several decades for the economic advantage of towns on the US side of former border to emerge.
Prof Nimczik says, “Today, wars, civil conflicts, economic collapse, and climate change continue to cause massive refugee movements. Naturally, humanitarian considerations must be the main motivation of the measures taken in support of refugees. However, economic costs and benefits always have played a role also. The public debate in potential receiving countries generally focuses on the short- and medium-term. The case of WWII refugees in Germany shows that also the longer term, economic benefits can be considerable.”
Prof Ciccone adds, “WWII refugees in West Germany were not universally welcomed or treated as equals. It took decades for them to become generally accepted and integrated. Today’s economic advantages of towns admitting WWII refugees only set in gradually. They would not have been evident at the time the refugees were admitted or during the first few decades after their arrival. But, ultimately, the economic effects appear to be substantial. The data necessary for our study only became available recently thanks to the German open data efforts. Hopefully, the data to evaluate the longer-run consequences of other recent refugee movements will also be made available in the future.”
SWR2-Podcast about the publication (in German language)
Prof. Dr. Antonio Ciccone
University of Mannheim
Department of Economics
Wednesday, 15 March, marks the start of the 2022 spring semester lecture series organized by the Student Committtee of the Economics Department. This semester's theme is “Economics, Politics, and the Media.” The lectures will take place on site or via Zoom. Students of all faculties as well as external guests are cordially invited to all events.
On 1 February 2022 Prof. Ulrich Wagner, Ph.D. took over from his predecessor Prof. Dr. Markus Frölich the position of Deputy Head of Department as well as the position of Dean for Student Affairs for the Bachelor's program and the Master's program in Economics and Competition and Regulation Economics. In addition, he is the new Chairman of the Examination Committee for the Master's program, and he assumes the function of the International Officer as well as the office of the Vice Dean (Dean of Studies) at the school level, joint with the Department of Law.
Whether as managers, entrepreneurs or consultants – once a year the Boston Consulting Group and Manager Magazin honor the 100 most influential women who have rendered outstanding services to the German economy in the previous year. In 2021, the Mannheim-based economist Prof. Michèle Tertilt, Ph.D. is among them.
“The professor at the University of Mannheim and recipient of the highest scientific honors researches the effects of gender roles and family structures on economic growth, investment in human capital and economic development as astutely as she perseveres. She wants to abolish marital splitting, but remains skeptical about quotas for women,”1 explains the jury.
Since 2015, Manager Magazin has presented the top 100 women in its first annual issue. The female candidates from different industries are not selected on the basis of formal offices, but on the basis of their real influence. In addition to female entrepreneurs, the list includes female managers, supervisory board members, expatriates (German managers abroad) and influencers.
In her research, Michèle Tertilt focuses on macroeconomics and development economics as well as family economics and topics in finance. She has been a professor of economics at the University of Mannheim since 2010. In 2019, she was awarded the prestigious Gottfried Wilhelm Leibniz Prize for her outstanding contributions to research.
1 Original quotation:
“Die Professorin an der Universität Mannheim und Trägerin höchster wissenschaftlicher Auszeichnungen erforscht so klug wie beharrlich die Auswirkungen von Geschlechterrollen und Familienstrukturen auf Wirtschaftswachstum, Investitionen in Humankapital und wirtschaftliche Entwicklung. Das Ehegattensplitting will sie abschaffen, bei Frauenquoten bleibt sie skeptisch.”
Prof. Michèle Tertilt, Ph.D.
E-Mail: tertilt uni-mannheim.de
The economics postdoc from Mannheim has successfully applied for the DAAD's prestigious “Postdoctoral Researchers International Mobility Experience” (PRIME) program.
In his research, Schneider, who is collaborating with Prof. Dr. Wladislaw Mill, focuses on issues of optimal taxation and public finance, in particular using methods from experimental and behavioral economics. Schneider is receiving DAAD funding for his current research project, in which he is investigating the potential positive effects of tax evasion opportunities.
Currently, Schneider is completing the mandatory study abroad period for the PRIME program at the Norwegian Centre for Taxation (NoCeT) at the Norwegian School of Economics (NHH), an ENGAGE.EU partner university of the University of Mannheim.
Schneider is one of 11 fellows funded by the DAAD in the category of social sciences and humanities. A list of all current grantees can be found at https://www.daad.de/de/studieren-und-forschen-in-deutschland/stipendien-finden/prime/prime-fellows-202021/.
About the PRIME program:
Since 2014, the DAAD has been supporting international mobility in the postdoctoral phase through the Postdoctoral Researchers International Mobility Experience (PRIME) funding program by offering temporary positions at German universities instead of traditional fellowships. The funding comprises a 12-month phase abroad and a six-month integration phase at a German university, where the grantees are employed as postdoctoral researchers for the entire funding period. PRIME is funded by the German Federal Ministry of Education and Research (BMBF) and the European Union (FP7/Marie Curie Actions/