Öffentliche Wohnraumförderung — auf dem richtigen Weg?

In Germany, in times of extreme low interest rates there is a boom in housing construction, housing demand and housing prices. In order to relieve the housing market, the Federal Government is planning to expand the funding for social housing considerably. Affordable housing has been decreasing in German metropolitan areas in recent years, the same applies to social housing. Meanwhile, the demand for dwellings in the lower and middle price segment is rising, partly due to an increased migration rate. This is why a strong social housing promotion needs to be combined with an effective direct subsidy, such as a dynamic housing allowance. However, the targeting of social housing is highly inaccurate. Thus, it would be better to strengthen housing allowances and to help lowincome households to purchase homes in order to reduce living costs. Nowadays, property credits stabilize the banking sector. However, just a small increase in interest rates could result in a new financial crash. Ever since their foundation, housing cooperatives have created affordable private dwellings and a safe living place for their members. They are able to produce not only tenants but owners of the dwellings. Thus public assistance schemes and subsidies should not exclude housing cooperatives.     

Growth,Real Exchange Rates and Trade Protectionism since the Financial Crisis

Existing evidence suggests that protectionist activity since the financial crisis has been muted, raising the question whether the historically well‐documented relationship between growth, real exchange rates and trade protectionism has broken down. We use a novel and comprehensive dataset that stretches beyond the traditionally considered tariff and trade defense measures to study the responsiveness of trade policies to business cycles and price competitiveness in the time period since the financial crisis. We find that the specter of protectionism has not been banished. Countries continue to pursue more trade‐restrictive policies when they experience recessions and/or when their competitiveness deteriorates. Our results suggest that the global economy continues to be exposed to the risk of a creeping return of trade protectionism.     

Testing for cointegration using the Johansen methodology when variables are near-integrated: size distortions and partial remedies

We investigate the properties of Johansen’s (J Econ Dyn Control 12:231–254, 1988; Econometrica 59:1551–1580, 1991) maximum eigenvalue and trace tests for cointegration under the empirically relevant situation of near-integrated variables. Using Monte Carlo techniques, we show that in a system with near-integrated variables, the probability of reaching an erroneous conclusion regarding the cointegrating rank of the system is generally substantially higher than the nominal size. The risk of concluding that completely unrelated series are cointegrated is therefore non-negligible. We suggest ways of identifying the problem and different approaches to reduce the size distortions of the tests.     

Children's active travel and independent mobility in four countries: Development,social contributing trends and measures

In many countries a decline in children's active and independent mobility, like walking and cycling is registered. In this paper the development of children's mobility in Denmark, Finland, Great Britain and Norway is compared to examine differences and similarities in these countries. Accessible data are used, which implies that not all of them are directly comparable, but they are employed as indicators of development. The trends are the same in these four countries, an increase in car use and decrease in bicycling and walking. Distance to school has increased, both as a result of bigger units and more children in private schools. Traffic is an important reason for taking children to school by car, but convenience for the parents is also part of it. Organized leisure activities has also contributed to less walking and cycling, in addition to more time pressure in families, increased access to car(s) and easier access to parents as a ‘transport service’ by the help of the mobile phone. The measures that different countries use in trying to meet the challenges of children's mobility tend to focus on the school trip and most often on traffic safety, both at national and local levels.     

Benachteiligt: Werden psychisch Kranke anders behandelt?

K?rperliche Gesundheit von Menschen mit psychischen Erkrankungen — In der psychiatrischen Versorgung gibt es die Tendenz, die k?rperliche Gesundheit der Patienten zu vernachl?ssigen. Diesem Problem wird in letzter Zeit international zunehmend Beachtung geschenkt. Sulin B?nziger und Christoph Abderhalden stellen Programme aus der ambulanten Pflege zur besseren Berücksichtigung von k?rperlichen Gesundheitsrisiken vor.     

Costs,culture and life decisions: analysing the factors that influence enrolment in master's level education in Germany

Through evaluation of current literature and survey data, this exploratory study aimed to determine factors that influence enrolment in master's level education and attendant delay of life decisions. A total of 134 master's students at a German university were surveyed. The mean age was 25 years and respondents were nearly equal parts German and non‐German nationalities. Results show how cultural factors motivate enrolment in master's programmes and how enrolment influences the timing of other important life decisions. Respondents expected significant benefits to social status, job placement and income. While this small‐scale study does not include all decision factors and its findings are not fully generalizable, we hope it motivates further research in this area.