Christoph M. Schmidt

Ruhr-Universität Bochum, Bochum, North Rhine-Westphalia, Germany

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Publications (191)35.84 Total impact

  • Christoph M Schmidt, Benjamin Weigert
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    ABSTRACT: Ergänzend zu den Beiträgen im ifo Schnelldienst Nr. 2/2014 äußern sich Christoph M. Schmidt, RWI und Sachverständigenrat und Benjamin Weigert, Sachverständigenrat, zu den Koalitionsvereinbarungen. Ihrer Ansicht nach vernachlässigt die Wirtschaftspolitik die Frage, wie die Herausforderungen der Zukunft gemeistert werden sollen.
    Ifo Schnelldienst. 01/2014; 67(03):35-38.
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    Christoph M. Schmidt, Roland Doehrn
  • Alfredo R. Paloyo, Sandra Schaffner, Christoph M. Schmidt
    German Economic Review 08/2013; 14(3). · 0.67 Impact Factor
  • Christoph M. Schmidt, Benjamin Weigert
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    ABSTRACT: The euro area is experiencing a severe and highly complex crisis. It comprises three problem areas, the difficulties of some highly indebted European sovereigns to ascertain funding at palatable cost, the disconcerting fragility of the European banking system and disappointing growth prospects in the euro area periphery. To make matters even worse, these problems have developed into a systemic crisis of the European Monetary Union (EMU), since observers have apparently developed fundamental doubts over its integrity. To overcome this systemic crisis, it would not be sufficient, if only the stronger euro area economies provided more solidarity, nor would it be sufficient, if only all of Europe adhered to ironclad budgetary discipline from now on. A European Redemption Pact could be a strong political commitment to the EMU and offer a bridge between the proponents of fiscal discipline and structural reform and those governments advocating for more support. This pact would entail two indispensable aspects, the codification of a credible and coherent reform path and a temporary and limited instrument for joint refinancing.
    International Tax and Public Finance 03/2013; · 0.54 Impact Factor
  • Nolan Ritter, Christoph M. Schmidt, Colin Vance
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    ABSTRACT: We provide evidence that motorists respond to short-run fluctuations in fuel prices at the gas pump and not on the road. Employing variants of censored panel regression to control for unobserved heterogeneity and censoring of the dependent variable, we find that the fuel price has a large and negative impact on the quantity of fuel purchased, but no significant impact on the subsequent distance driven per day until the next refill. Over the short-run, drivers thus appear to cope with high fuel prices by adjusting fuel purchases with each visit to the filling station, but without altering their daily mileage.
    01/2013;
  • Thomas K. Bauer, Julia Bredtmann, Christoph M. Schmidt
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    ABSTRACT: In spite of its importance for civil society, we know relatively little about the way in which individuals spend their time and money in the charitable provision of goods and services. In this paper, we provide a comprehensive picture of the philanthropic behavior in Europe by analyzing both, the correlates of individuals' charitable cash donations and volunteer labor as well as their interdependence. Using data from the European Social Survey, we document a positive correlation between time and money contributions on the individual as well as on the country level. In addition, we find evidence that individuals substitute time donations by money donations as their time offered to the market increases. Moreover, analyzing philanthropic behavior on the disaggregated level reveals large differences in the determinants and the relationship of time and money donations in Europe – both across different types of voluntary organizations and across different welfare regimes.
    European Journal of Political Economy 01/2013; 32(4):80-94. · 1.44 Impact Factor
  • Manuel Frondel, Christoph M. Schmidt
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    ABSTRACT: Along with the oil price, concerns about the security of energy supply have soared once again in recent years. Yet, some 40 years after the OPEC oil embargo in 1973, there is no widely accepted statistical measure that captures the notion of energy security. Most likely, this deficit is the result of the great variety of resource economic aspects that are of potential relevance. This paper develops a statistical risk indicator that aims at characterizing the physical energy supply vulnerability of nations that are heavily dependent on energy imports. Our risk indicator condenses the empirical information on the imports of the whole range of fossil fuels, originating from a multitude of export countries, as well as data on their indigenous contribution to domestic energy supply, into a single figure. Applying the proposed concept to energy data on Germany and the U.S. (1980–2007), we find that there is a large gap in the supply risks between both countries, with Germany suffering much more from a tight energy supply situation today than the U.S.
    The Quarterly Review of Economics and Finance 01/2013;
  • Thomas K Bauer, Stefan Bender, Jörg Heining, Christoph M Schmidt
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    ABSTRACT: Based on multivariate linear regression models, we analyze the effect of the lunar cycle and the number of sunspots occurring on a particular day on the number of births using social security data and controlling for a number of other potential confounders. The daily numbers of births between 1920 and 1989 have been calculated from the full sample of individuals who have been registered at least once in the German social security system. While the lunar cycle does not affect the number of births, the number of sunspots is positively correlated to the number of births. The empirical results may be explained by medical technological progress making natural influences on births less important over time. This interpretation is supported by the results on the intertemporal influence of weekends and holidays on the frequency of daily births.
    Economics and human biology 12/2012; · 2.02 Impact Factor
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    Boris Augurzky, Arndt Reichert, Christoph M. Schmidt
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    ABSTRACT: This paper contributes to the analysis of policy measures that attempt to reduce health care expenditures of insurers. We examine the impact of a cash bonus program for preventive health behavior of a German health insurer on prevention effort and health care expenditures using a unique administrative dataset that covers all insurants of the health insurer between 2003 and 2008. We find that the program has been successful in both increasing individual prevention effort and achieving net savings every year since its implementation in 2004. However, while the estimated effect on health care expenditures is statistically significant in the first year, the effects for the second, third, and fourth years turn insignificant. In the fifth year, results for net savings are sensitive in terms of statistical significance when accounting for dynamic selection into the treatment.
    10/2012;
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    ABSTRACT: We identify the causal effect of compulsory military service on conscripts' subsequent labor-market outcomes by exploiting the regression-discontinuity design of the military draft in Germany during the 1950s. Unbiased estimates of military service on lifetime earnings, wages, and employment are obtained by comparing men born before July 1, 1937 (the "White Cohort") who were exempted from compulsory military service to men who were born on or shortly after this threshold date and hence faced a positive probability of being drafted. We find that the putative earnings advantage and wage premium of those who served in the armed forces vanish when selection effects are taken into account.
    European Economic Review 09/2012; 56(4):814-829. · 1.53 Impact Factor
  • Manuel Frondel, Christoph M. Schmidt, Colin Vance
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    ABSTRACT: This article revisits an analysis by Frondel, Ritter and Schmidt (2008) of Germany’s Renewable Energy Act, which legislates a system of feed-in tariff s to promote the use of renewable energies. As in the original article, we argue that Germany’s support scheme subsidizes renewable energy technologies not based on their long-term market potential, but rather on their relative lack of competitiveness, with the photovoltaics (PV) technology enjoying high feed-in tariffs, currently over double those of onshore wind. The result is explosive costs with little to show for either environmental or employment benefits. Indeed, we document that the immense costs foreseen by Frondel and colleagues have materialized: Our updated estimate of the subsidies for PV, at 100 Bn €, exceeds their expectations by about 60%. Moreover, with installed PV capacities growing at a rapid rate, these costs will continue to accumulate, diverting resources from more cost-effective climate protection instruments.
    07/2012;
  • Sandra Schaffner, Christoph M. Schmidt
    German Economic Review 01/2012; 13(2). · 0.67 Impact Factor
  • Christoph M Schmidt, Benjamin Weigert
    CESifo Forum 01/2012; 13(4).
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    ABSTRACT: We test whether financial incentives have an effect on weight reduction in a randomized controlled trial involving 700 obese persons assigned to three experimental groups. While two treatment groups obtain €150 and €300, respectively, for achieving an individually assigned target weight within four months, a control group receives no such premium. The results indicate that the weight losses for the treatment groups are 2.6 and 2.9 percentage points higher than that achieved by the control group, raising the average total weight loss for the incentivized groups to 5 percent of the initial weight. This percentage is typically regarded as a threshold to improve the health status of the obese. Further evidence indeed indicates some health improvements. The higher reward causes only the group of obese women to lose more weight. Overall, the results suggest that financial incentives can motivate people to lose weight significantly.
    edited by RWI Essen, 01/2012;
  • Malte Hübner, Christoph M Schmidt, Benjamin Weigert
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    ABSTRACT: The German government's adoption of the so‐called Energy Concept in 2010 and its decision in the summer of 2011 to phase out nuclear energy altogether within the next ten years, has started a process of severe transformation of the German system of energy provision. Specifically, until 2050 renewables will have to become the dominant source of electricity generation. Disconcertingly, up to now the government has not outlined a comprehensive overall strategy how this objective should be achieved in practice. In this paper we discuss the necessary preconditions for a successful transformation in the German energy system. Overall cost of this transition could be held in check, if economic policy were to rely exclusively on a properly designed European Emission Trading System. Yet, instead of attempting to eliminate the remaining deficiencies of this already existing instrument, policy makers in Germany and all across Europe insist on devising additional subsidy schemes for renewables. We argue that the most sensible way to do this is by implementing a renewable support system that is harmonized across Europe. To this end, Germany should switch from current system of feed‐in tariffs to a quantity‐based system of Green Certificates and, in a second step, combine the German Green Certificate market with that of other European countries.
    Perspektiven der Wirtschaftspolitik 01/2012; 13(4):286-307.
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    ABSTRACT: Die Verdichtung von Informationen zu einer Kennzahl scheint praktisch: Sie erleichtert den globalen Vergleich verschiedener Länder. Aus der Positionierung innerhalb eines Rankings werden wirtschaftspolitische Empfehlungen abgeleitet. Der Politik wird signalisiert, genau an den Einzelkennziffern zu drehen, die im jeweiligen Ranking enthalten sind. Welche Vor- und Nachteile mit Indikatoren und Indikatorensystemen verbunden sind, diskutierten die Autoren im Rahmen der Panelsitzung, die der Wirtschaftsdienst anlässlich der Jahrestagung des Vereins für Socialpolitik 2011 organisiert hat.
    Wirtschaftsdienst 11/2011; 91(11):735-749.
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    Jörg Peters, Christoph M. Schmidt, Gunther Bensch
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    ABSTRACT: There is a consensus in the international community that rural electrification and, in particular, the productive use of electricity contributes to poverty alleviation. At the same time, efforts to evaluate the impacts of development projects have increased substantially. This paper provides a hands-on guide for designing evaluation studies regarding the impacts of productive electricity usage. Complementary to the existing literature on evaluation methods, this guide familiarizes project managers with the concrete steps that have to be undertaken to plan and implement an evaluation. The guide comprises three modules based on enterprise surveys and on anecdotal case studies. For each module, the implementation is described on a step-by-step basis including conceptual issues as well as logistics and methodological questions.
    Energy Policy 08/2011; · 2.74 Impact Factor
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    ABSTRACT: This paper considers the role of ownership form for the financial sustainability of German acute care hospitals over time. We measure financial sustainability by a hospital-specific yearly probability of default (PD) trying to mirror the ability of hospitals to survive in the market in the long run. The results show that private ownership is associated with significantly lower PDs than public ownership. Moreover, path dependence in the PD is substantial but far from 100%, indicating a large number of improvements and deteriorations in financial sustainability over time. Yet, the general public hospitals have the highest path dependence. Overall, this indicates that public hospitals, which are in a poor financial standing, remain in that state or even deteriorate over time, which may be conflicting with financial sustainability.
    Health Economics 06/2011; 21(7):811-24. · 2.23 Impact Factor
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    ABSTRACT: Compulsory military service typically drafts young men when they are at the height of their learning ability. Thus, it can be expected to depress the demand for higher education since skill atrophy and the delayed entry into the civilian labor market reduce the returns to human-capital investments. Attending university, however, might open the possibility to avoid the draft, leading to an increase in the demand for tertiary education. To estimate the causal effect of conscription on the probability to obtain a university degree, we use a regression-discontinuity design that employs special regulations associated with the introduction of conscription in Germany in 1956. We estimate conscription to increase the probability of having a university degree.
    06/2011;
  • Uwe Neumann, Christoph M. Schmidt, Lutz Trettin
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    ABSTRACT: While it is intuitively convincing that neighbourhood characteristics add up to an important location factor, knowledge about the benefits that individual firms and entrepreneurs can draw from neighbourhood-oriented policy is still limited. This article contributes to the discussion by highlighting the results of an evaluation study of neighbourhood-oriented economic policy in Germany. It reviews the policy rationale and analyses the strategies, progress and results of selected measures supported by the Socially Integrative City programme of North Rhine-Westphalia. It focuses on the relevance of the neighbourhood context in connection with two strategy goals: (I) reduction of vacancies in local retail property, and (2) supporting business start-ups and local business networks. The analysis provides evidence for a number of aspects of the local business environment, which can play an important role for the performance of small firms and should, therefore, be a central focus of neighbourhood-oriented economic policy.
    Local Economy 02/2011; 26(1):18-29.

Publication Stats

718 Citations
35.84 Total Impact Points

Institutions

  • 2004–2013
    • Ruhr-Universität Bochum
      • Faculty of Economics
      Bochum, North Rhine-Westphalia, Germany
  • 1991–2013
    • Rheinisch-Westfälisches Institut für Wirtschaftsforschung
      Essen, North Rhine-Westphalia, Germany
  • 2012
    • Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung
      Wiesbaden, Hesse, Germany
  • 2010
    • York University
      Toronto, Ontario, Canada
  • 2008
    • Heriot-Watt University
      Edinburgh, Scotland, United Kingdom
  • 1997–2003
    • Universität Heidelberg
      Heidelburg, Baden-Württemberg, Germany