CESifo Working Paper Series

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2832: Early Warning System for Economic and Financial Risks in Kazakhstan

Biswa N. Bhattacharyay, Dennis Dlugosch, Benedikt Kolb, Kajal Lahiri, Irshat Mukhametov and Gernot Nerb

2831: Production Technologies in Stochastic Continuous Time Models

Klaus Wälde

2830: Is Norway's Bird-in-Hand Stabilization Fund Prudent Enough? Fiscal Reactions to Hydrocarbon Windfalls and Graying Populations

Torfinn Harding and Frederick Van der Ploeg

2829: Political Economics of Higher Education Finance

Rainald Borck and Martin Wimbersky

2828: Reduction of Employment Protection in Europe: A Comparative Fuzzy-Set Analysis

Wolfgang Ochel and Anja Rohwer

2827: Institutionalized Bailouts and Fiscal Policy: The Consequences of Soft Budget Constraints

Alexander Fink and Thomas Stratmann

2826: Worker-Specific Effects of Globalisation

Hartmut Egger and Udo Kreickemeier

2825: Stay in School or Start Working? - The Human Capital Investment Decision under Uncertainty and Irreversibility

Natasa Bilkic, Thomas Gries and Margarethe Pilichowski

2824: Tax Competition and Income Sorting: Evidence from the Zurich Metropolitan Area

Christoph A. Schaltegger, Frank Somogyi and Jan-Egbert Sturm

2823: Banking Crisis Resolution Policy - Lessons from Recent Experience - which elements are needed for robust and efficient crisis resolution?

David G. Mayes

2822: Discrimination and Employment Protection

Steinar Holden and Asa Rosen

2821: The Political Economy of Conscription

Panu Poutvaara and Andreas Wagener

2820: Hybrid Historical Simulation VaR and ES: Performance in Developed and Emerging Markets

Sasa Zikovic and Randall Filer

2819: International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries: Some Panel Evidence

Guglielmo Maria Caporale, Thouraya Hadj Amor and Christophe Rault

2818: A New Two-Pillar Strategy for the ECB

Paul De Grauwe and Daniel Gros

2817: Imports, Pass-Through, and the Structure of Retail Markets

Horst Raff and Nicolas Schmitt

2816: Catch Me If You Can: Education and Catch-up in the Industrial Revolution

Sascha O. Becker, Erik Hornung and Ludger Woessmann

2815: Non-Partisan 'Get-Out-the-Vote' Efforts and Policy Outcomes

Dan Kovenock and Brian Roberson

2814: Out of Sight, Out of Mind? The Impact of Natural Disasters on Pregnancy Outcomes

Emilia Simeonova

2813: Economic Nationalism and Economic Integration: The Austro-Hungarian Empire in the Late Nineteenth Century

Max-Stephan Schulze and Nikolaus Wolf

2812: Social Security Incidence under Uncertainty Assessing Italian Reforms

Devis Geron

2811: Temporary Migration Policies and Welfare of the Host and Source Countries: A Game-Theoretic Approach

Slobodan Djajic and Michael S. Michael

2810: The Cross-section of Firms over the Business Cycle: New Facts and a DSGE Exploration

Ruediger Bachmann and Christian Bayer

2809: The European Union's Potential for Strategic Emissions Trading through Minimal Permit Sale Contracts

Johan Eyckmans and Cathrine Hagem

2808: Fiscal Competition for Imperfectly-Mobile Labor and Capital: A Comparative Dynamic Analysis

David E. Wildasin

2807: Climate Policy and Development

Hans Gersbach and Noemi Hummel

2806: On the Desirability of Taxing Capital Income to Reduce Moral Hazard in Social Insurance

Bas Jacobs and Dirk Schindler

2805: Aid, Growth and Devolution

Christian Lessmann and Gunther Markwardt

2804: "Unwarranted" Wage Changes and the Return on Capital

Margarita Katsimi, Sarantis Kalyvitis and Thomas Moutos

2803: Towards a Macroprudential Surveillance and Remedial Policy Formulation System for Monitoring Financial Crisis

Biswanath Bhattacharyay

2802: Wage Inequality in Germany: Disentangling Demand and Supply Effects

Michael Stimmelmayr

2801: State Ownership and Control in the Czech Republic

Evžen Kocenda and Jan Hanousek

2800: Local Fiscal Equalization in Estonia: Is a Reform Necessary?

Peter Friedrich, Chang Woon Nam and Janno Reiljan

2799: Measuring the Consumption Value of Higher Education

Annette Alstadsæter

2798: The Role of the Corporate Income Tax as an Automatic Stabilizer

Thiess Buettner and Clemens Fuest

2797: Research Governance in Academia: Are there Alternatives to Academic Rankings?

Margit Osterloh and Bruno S. Frey

2796: Innovation and Trade with Heterogeneous Firms

Ngo Van Long, Horst Raff and Frank Stähler

2795: Asymmetric Capital-Tax Competition, Unemployment and Losses from Capital Market Integration

Ruediger Pethig and Frieder Kolleß

2794: Global and Regional Spillovers in Emerging Stock Markets: A Multivariate GARCH-in-mean Analysis

John Beirne, Guglielmo Maria Caporale, Marianne Schulze-Ghattas and Nicola Spagnolo

2793: Externality-correcting Taxes and Regulation

Vidar Christiansen and Stephen C. Smith

2792: Sprawl and Blight

Jan K. Brueckner and Robert W. Helsley

2791: The Gender Imbalance in Participation in Canadian Universities (1977-2005)

Louis N. Christofides, Michael Hoy and Ling Yang

2790: Global Welfare Implications of Carbon Border Taxes

Daniel Gros

2789: Federalism and Accountability with Distorted Election Choices

Sebastian Georg Kessing

2788: Unemployment in an Interdependent World

Gabriel J Felbermayr, Mario Larch and Wolfgang Lechthaler

2787: Testing Enforcement Strategies in the Field: Legal Threat, Moral Appeal and Social Information

Gerlinde Fellner, Rupert Sausgruber and Christian Traxler

2786: Noncompliance and the Effects of the Minimum Wage on Hours and Welfare in Competitive Labor Markets

Leif Danziger

2785: How Strong is the Case for Dollarization in Costa Rica? A Note on the Business Cycle Comovements with the United States

Nannette Lindenberg and Frank Westermann

2784: Uncertain Longevity and Investment in Education

Eytan Sheshinski

2783: Do Economic Policymakers Practice what they Preach? The Case of Pension Decisions

Momi Dahan, Tehila Kogut and Moshe Shalem

2782: Smoking Habits: Like Father, Like Son, Like Mother, Like Daughter

Maria L. Loureiro, Anna Sanz-de-Galdeano and Daniela Vuri

2781: "Mitigation, Adaptation, Suffering": In Search of the Right Mix in the Face of Climate Change

Henry Tulkens and Vincent van Steenberghe

2780: Complementarity of Innovation Policies in the Brazilian Industry: An Econometric Study

Eduardo Strube and Marcelo Resende

2779: Inter- and Intra-generational Consequences of Pension Buffer Policy under Demographic, Financial and Economic Shocks

Alessandro Bucciol and Roel Beetsma

2778: Social Security Reform and Temptation

Cagri Seda Kumru and Athanasios C. Thanopoulos

2777: Old George Orwell Got it Backward: Some Thoughts on Behavioral Tax Economics

Joel Slemrod

2776: Optimal Income Taxation, Outsourcing and Policy Cooperation in a Dynamic Economy

Thomas Aronsson and Erkki Koskela

2775: The Trade-off between Fertility and Education: Evidence from before the Demographic Transition

Sascha O. Becker, Francesco Cinnirella and Ludger Woessmann

2774: Findings of the Signal Approach for Financial Monitoring in Kazakhstan

Klaus Abberger, Wolfgang Nierhaus and Shynar Shaikh

2773: Uncertain Productivity Growth and the Choice between FDI and Export

Erdal Yalcin

2772: Growth and Earnings Persistence in Banking Firms: A Dynamic Panel Investigation

Choudhry Tanveer Shehzad, Jakob de Haan and Bert Scholtens

2771: VAT on Intra-Community Trade and Bilateral Micro Revenue Clearing in the EU

Christian Breuer and Chang Woon Nam

2770: Eliciting Individual Preferences for Pension Reform

Yosr Abid Fourati and Cathal O'Donoghue

2769: Kind of Black: The Musicians' Labour Market in Italy

Alessandro Balestrino

2768: Hurricane Insurance in Florida

Mario Jametti and Thomas von Ungern-Sternberg

2767: Trade Booms, Trade Busts, and Trade Costs

David S. Jacks, Christopher M. Meissner and Dennis Novy

2766: The Economic Effects of Federalism and Decentralization - A Cross-Country Assessment

Stefan Voigt and Lorenz Blume

2765: Labor Market Pooling, Outsourcing and Labor Contracts

Pierre M. Picard and David E. Wildasin

2764: Internationally Coordinated Emission Permit Policies: An Option for Withdrawers from the Kyoto Protocol?

Birgit Bednar-Friedl and Karl Farmer

2763: Voting on Punishment Systems within a Heterogeneous Group

Charles Noussair and Fangfang Tan

2762: International Trade, Factor Mobility and the Persistence of Cultural-Institutional Diversity

Marianna Belloc and Samuel Bowles

2761: Sacrifice, Discounting and Climate Policy: Five Questions

Larry S. Karp

2760: Does Central Bank Communication really Lead to better Forecasts of Policy Decisions? New Evidence Based on a Taylor Rule Model for the ECB

Jan-Egbert Sturm and Jakob de Haan

2759: Booms, Recessions and Financial Turmoil: A Fresh Look at Investment Decisions under Cyclical Uncertainty

Yu-Fu Chen and Michael Funke

2758: Driving Factors of Carbon Dioxide Emissions and the Impact from Kyoto Protocol

Nicole Grunewald and Inmaculada Martínez-Zarzoso

2757: Disentangling the Sources of Pro-social Behavior in the Workplace: A Field Experiment

Mirco Tonin and Michael Vlassopoulos

2756: The Impact of Dividend Taxation on Dividends and Investment: New Evidence Based on a Natural Experiment

Seppo Kari, Hanna Karikallio and Jukka Pirttilä

2755: Buyer Power in International Markets

Horst Raff and Nicolas Schmitt

2754: Comparative Advantage and Skill-Specific Unemployment

Mario Larch and Wolfgang Lechthaler

2753: Suicide Terrorism and the Weakest Link

Daniel G. Arce, Dan Kovenock and Brian Roberson

2752: Don't Raise the Retirement Age! An Experiment on Opposition to Pension Reforms and East-West Differences in Germany

Beatrice Scheubel, Daniel Schunk and Joachim Winter

2751: Explaining Output Volatility: The Case of Taxation

Olaf Posch

2750: Monetary Policy Transmission and House Prices: European Cross-country Evidence

Kai Carstensen, Oliver Hülsewig and Timo Wollmershäuser

2749: Interaction of Carbon Reduction and Green Energy Promotion in a Small Fossil-Fuel Importing Economy

Ruediger Pethig and Christian Wittlich

2748: Upstream Horizontal Mergers and Efficiency Gains

Chrysovalantou Milliou and Apostolis Pavlou

2747: Corporate Income Taxation of Multinationals and Fiscal Equalization

Caterina Liesegang and Marco Runkel

2746: Is Social Security behind the Collapse of Personal Saving?

Frank N. Caliendo

2745: Making World Heritage Truly Global: The Culture Certificate Scheme

Bruno S. Frey and Paolo Pamini

2744: Effort Maximization in Asymmetric N-Person Contest Games

Jörg Franke, Christian Kanzow, Wolfgang Leininger and Alexandra Väth

2743: The Willingness to Pay for Job Amenities: Evidence from Mothers' Return to Work

Christina Felfe

2742: Climate Change Mitigation Strategies in Fast-Growing Countries: The Benefits of Early Action

Valentina Bosetti, Carlo Carraro and Massimo Tavoni

2741: A Third Benefit of Joint Non-OPEC Carbon Taxes: Transferring OPEC Monopoly Rent

Yan Dong and John Whalley

2740: Endogenous Monopsony and the Perverse Effect of the Minimum Wage in Small Firms

Leif Danziger

2739: Supplementary Private Health Insurance in Selected Countries: Lessons for EU Governments?

Sebastian Gechert

2738: Gender Culture and Gender Gap in Employment

Pamela Campa, Alessandra Casarico and Paola Profeta

2737: Market Shares in Two-Sided Media Industries

Hans Jarle Kind and Frank Stähler

2736: Fertility, Human Capital Accumulation, and the Pension System

Helmuth Cremer, Firouz Gahvari and Pierre Pestieau

2735: Lessons of the Financial Crisis for the Design of National Pension Systems

Gary Burtless

2734: Economic Incentives and Social Preferences: A Preference-based Lucas Critique of Public Policy

Samuel Bowles and Sandra Polania Reyes

2733: Size Matters! Body Height and Labor Market Discrimination: A Cross-European Analysis

Francesco Cinnirella and Joachim Winter