CESifo Working Paper Series

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12487: Information Framing and Student Decisions: Evidence from an Opportunity Cost Intervention

Lars Behlen, Raphael Brade, Oliver Himmler and Robert Jäckle

12486: Entrepreneurial Coaching and Migration Intentions: Evidence from a Randomized Controlled Trial in Senegal

Michel Beine, Arnaud Bourgain, Elisabeth Kempter and Melissa Tornari

12485: Social Media vs. Democracy: Evidence from the January 6th Insurrection

Karsten Müller, Carlo Rasmus Schwarz and Zekai Shen

12484: Subsidy for the First Hires and Firm Performance

Haotian Deng, Sam Desiere, Bart Cockx and Gert Bijnens

12483: Les Misérables? Labour Market Outcomes Among Artists in Europe

Ioannis Laliotis and Christos A. Makridis

12482: Inform and Persuade

Joshua Bißbort, Daniel Heyen and Soheil Shayegh

12481: How Absolute and Relative Payoffs Shape Dishonesty

Sarah Necker and Benoit Le Maux

12480: Climate Change, Climate Policy, and the Macroeconomy

Frederick van der Ploeg, Armon Rezai and Rick van der Ploeg

12479: The Output Convergence Debate Revisited: Lessons from Recent Developments in the Analysis of Panel Data Models

M. Hashem Pesaran and Ron Smith

12478: Spin City: Local Externalities of Wind Turbines

Sven Heim, Mario Liebensteiner and Félix Michelet

12477: Demand for Home Pension and Reverse Mortgage: An Information Provision Survey Experiment

Duk Gyoo Kim and In Do Hwang

12476: The Potential and Utility of Land Value Taxation: A Theoretical Framework and Simulation for China

Yilin Hou, Michael Kumhof and Lei Shao

12475: Access to Clean Water and Human Capital Formation – Evidence from Indonesia

Lukas Pohn and Günther G. Schulze

12474: An Unholy Alliance: The Relationship Between Organized Crime and Corruption in Italy

Valentina Chiariello and Oguzhan C. Dincer

12473: Inflation and Human Capital Investment Decisions

Núria Rodríguez-Planas and Kerstin Westergren

12472: Putting the "Finance" Into "Public Finance": A Theory of Capital Gains Taxation

Mark Aguiar, Benjamin Moll, Florian Scheuer and Luis Aguiar

12471: Good Intentions, Informal Outcomes: The Formalization Trap in Global E-Waste Markets

Jessica Coria

12470: Lessons on State and Local Income Taxes from the Twenty-first Century and Challenges for the Future

David R. Agrawal

12469: Guns and Butter: The Fiscal Consequences of Rearmament and War

Johannes Marzian and Christoph Trebesch

12468: Classrooms as Workplaces: How Student Composition Affects Teacher Health

Krzysztof Karbownik, Helena Svaleryd, Jonas Vlachos and Xuemeng Wang

12467: The Insurance Value of Public Insurance Against Idiosyncratic Income Risk

Christopher Busch and Rocio Madera

12466: Residential Segregation and Unequal Access to Local Public Services in India: Evidence from 1.5m Neighborhoods

Sam Asher, Kritarth Jha, Paul Novosad, Anjali Adukia and Brandon Tan

12465: Selling on Recommender Platforms: Demand Boost Versus Customer Migration

Heiko Karle, Marcel Preuss and Markus Reisinger

12464: Hidden Profits, Lost Jobs? Tax Havens and Employment Decisions

Ronald B. Davies, Margarita Lopez-Forero, Benjamin Michallet and Johannes Scheuerer

12463: Using Life Satisfaction Data to Measure Parents' Child Gender Preferences

Anna Barbeta-Margarit, Seema Jayachandran and Suanna Oh

12462: The Impacts of AI at Scale: Evidence from Research Scientists

Zhengyi Yu

12461: From Discrete Choice to Endogenous Distributions: Selection and Heterogeneity

Sergey K. Nigai

12460: Minimum Wages and Work Pressure

Markus Nagler and Erwin Winkler

12459: The War of Ideas: Institutions and Global Media Bias

Sibo Liu, Alexey Makarin, Jinfeng Wu and Dong Zhang

12457: Paying for Peers? Parental Willingness to Pay for School Composition and Quality in Switzerland

Maria A. Cattaneo, Stefan C. Wolter and Thea Zöllner

12456: Learning by AI: Market Intelligence and Exporting

Alexis Antoniades, Chuan He, Zheming Liang and Mingzhi Jimmy Xu

12455: Standing in Prisoners’ Shoes: A Randomized Trial on How Incarceration Shapes Criminal Justice Preferences

Arto Arman, Andreas Beerli, Aljosha Henkel and Michel André Maréchal

12454: Using Transformers and Reinforcement Learning as Narrative Filters in Macroeconomics

Vegard H. Larsen and Leif Anders Thorsrud

12453: Household Effects of Electrification Through Mini-Grids: Evidence from Tanzania

Federico M. Accursi and Raúl Bajo-Buenestado

12451: State Dependence of Monetary Policy During Global Supply Chain Disruptions

Xiwen Bai, Jesus Fernandez-Villaverde, Yiliang Li and Francesco Zanetti

12450: Who’s on Fire? Household Characteristics and the Formation of Inflation Expectations

Lovisa Reiche, Gabriele Galati, Richhild Moessner and Maarten van Rooij

12449: Measuring the Space Economy with Input-Output Linkages

Luisa Corrado, Christos Makridis and Christos A. Makridis

12448: Catch-Up and the Curse of Oil

Thorvaldur Gylfason and Gylfi Zoega

12447: The Hidden Cost of Minimum Energy Efficiency Standards

Sébastien Houde and Tobias Wekhof

12446: Quad-O’s Effect on International Crude Oil, Distillate Prices, and Industry Returns

Scott Alan Carson and Scott A. Carson

12445: Tracing the Genetic Footprints of the UK National Health Service

Nicolau Martin-Bassols, Pietro Biroli, Elisabetta De Cao, Massimo Anelli, Stephanie von Hinke and Silvia Mendolia

12444: Should Charitable and Political Donations Benefit from Similar Tax Treatments? Evidence from a Survey Experiment

Julia Cagé, Malka Guillot and Yuchen Huang

12443: Unequal Climate Policy in an Unequal World

Elisa Belfiori, Daniel Carroll and Sewon Hur

12442: Causal Effects of Interest Rate Beliefs on Firm Decisions and Their Aggregate Implications

Alina Kristin Bartscher, Georg Duernecker, Johannes Goensch and Nils Wehrhöfer

12441: Parental Mental Health and the Economic Preferences of the Next Generation

Alexander Bertermann and Hannah Schildberg-Hörisch

12440: Exploring Political Budget Cycles in the EU-27

Antonio Afonso, José Alves and Frederico Silva Leal

12439: Younger Firms and CEOs Allow More Work from Home

Cevat Giray Aksoy, Jose Maria Barrero, Nicholas Bloom, Katelyn Cranney, Steven J. Davis, Mathias Dolls, Pablo Zarate and E. Philip Davis

12438: Cold War on a Warming Planet: Climate Policy in a Divided World

Lucas Bretschger

12437: Understanding Carbon Leakage

Christoph Böhringer and Knut Einar Rosendahl

12436: Tax Incentives, Portfolio Choice, and Macroprudential Risks

Janosch Brenzel-Weiss, Winfried Koeniger and Arnau Valladares-Esteban

12435: A Leak in Paradise: Reputation Repair Policies After Offshore Data Leaks

Katarzyna Bilicka, Simone Traini and Katarzyna Anna Bilicka

12434: Tourism in Industrialized Countries: Catalyst for Growth or Economic Burden?

Giuseppe Di Giacomo

12433: Incentives and Prosocial Discomfort: A Laboratory Experiment

Grace E. Steward, Mario Macis, Nicola Lacetera, Jeffrey P. Kahn and Vikram S. Chib

12432: What Makes a Tax Evader?

Marcelo Bergolo, Martin Leites, Ricardo Perez-Truglia and Matías Strehl-Pessina

12431: State Capacity and Identity: Assimilation vs Resistance of Tribal Rimlands

Stergios Skaperdas and Patrick A. Testa

12430: Housing in Big Cities: The Capitalization Premium

Katja Gehr, Linus Kraft and Michael Pflüger

12429: Co-Voting Democracy: Bridging Direct and Representative Democracy

Hans Gersbach

12428: A Strategic Compass for Navigating Senegal's Debt Crisis

Abdoulaye Ndiaye and Martin Kessler

12427: Online Reviews: Information Content, Drivers, and Platform Design

Tommaso Bondi and Michelangelo Rossi

12426: Carbon, Natural Capital and the Option Values of Climate Policies

Ottmar Edenhofer and Max Franks

12425: Elsewhere in North America: How U.S. Tariffs on China Boosted Mexico's Manufacturing Employment and Output

Hale Utar

12424: Distortions for Nothing - Optimal Taxation of (Un)Distributed Profits

Etienne Lehmann and Eddy Zanoutene

12423: Ex-Ante Moral Hazard? Overweight and Health Insurance Expansion in Mexico

Joan Costa-i-Font, Mario Gyori and Belen Saenz- de Miera

12422: State and Local Tax Policy in a Time of Telework

David R. Agrawal and Xinyu Chen

12421: Driving Innovation: The Policy Tools Powering Electric Vehicle Technological Inventions

Jingni Zhang and David Popp

12420: Wage Expectations and Job Search

Steffen Altmann, Robert Mahlstedt, Malte Rattenborg, Alexander Sebald, Sonja Settele and Johannes Wohlfart

12419: Migration and the Making of the English Middle Class

Vasiliki Fouka and Theo Serlin

12418: How Much Does Responsibility Matter in Fairness Measurement?

Laurence Jacquet, Zhiyang Jia and Thor Olav Thoresen

12417: The Response of Debtors to Rate Changes

Andreas Fuster, Virginia Gianinazzi, Andreas Hackethal, Philip Schnorpfeil, Michael Weber and Michael Weber

12416: Fertility and Family Leave Policies in Germany: Optimal Policy Design in a Dynamic FrameworK

Hanna Wang

12415: Understanding Post-Pandemic Inflation Fluctuations: The Commodity Cost Channel

Gert Peersman

12414: God, Guilt, and Giving: Public Good Contribution Among Catholics and Protestants

Francesco Cinnirella, Sebastiano Della Lena, Elena Manzoni and Fabrizio Panebianco

12413: Gender Gaps Under Comparable Tasks: Evidence from Quasi-Random Assignment

Negar Khaliliaraghi, Petter Lundborg and Johan Vikström

12412: Public Acceptance and the Dynamic Evolution of Adopting Carbon Capture and Storage

Kine Josefine Aurland-Bredesen, Tor Håkon Jackson Inderberg and Snorre Kverndokk

12411: Measuring the Ins and Outs of Remote Work: New Evidence from the Gallup Workplace Panel

Christos Makridis and Christos A. Makridis

12410: Evaluating Behavioral Interventions at Scale with AI

Felix Chopra, Ingar K. Haaland, Nicolas Roever and Christopher Roth

12409: The Spillovers of LSAPs on Banks in the Euro Area

Marco Graziano, Marius Koechlin and Andreas Tischbirek

12408: Total Solar Irradiance: Evidence from a Long-Memory Model

Guglielmo Maria Caporale, Luis Alberiko Gil-Alana and Maria Fatima Romero-Rojo

12407: How Parenting Styles Shape Children’s Lifetime Outcomes

Thomas Dohmen, Bart Golsteyn, Hans Grönqvist, Edvin Hertegård, Gerard Pfann and Gerard A. Pfann

12406: Persistence in the Mint Stock Markets: Evidence from a Fractional Integration Model

Guglielmo Maria Caporale, Luis Alberiko Gil-Alana, Oluwadare O. Ojo and Modupe I. Omotosho

12405: When Music is Made by AI: Effects on Preferences and Willingness to Pay

Jana Friedrichsen, Julia Schwarz and Michel Clement

12404: Technology and Economic Development

Daron Acemoglu, Ufuk Akcigit and Simon Johnson

12403: Task-Specific Technical Change and Comparative Advantage

Lukas Althoff and Hugo Reichardt

12402: Heterogeneous Individual Valuations of a Mild Climate

Jan K. Brueckner

12401: Artificial Intelligence and Productivity in Europe

Florian Misch, Ben Park, Carlo Pizzinelli and Galen Sher

12400: Financial Literacy and Saving Behavior: Global Cross-Sectional Evidence

Antonio Afonso and Eduardo Rodrigues

12399: The Economics of Architecture

Gabriel Ahlfeldt, Elisabetta Pietrostefani and Ailin Zhang

12398: Hitting Rock Bottom: Economic Hardship and Cheating

Livia Alfonsi, Michal Bauer, Julie Chytilová and Edward Miguel

12397: Birthright Citizenship and Youth Crime

Leander Andres, Stefan Bauernschuster, Gordon B. Dahl, Helmut Rainer and Simone Schüller

12396: Welfare Improving Prohibitive Tariffs

Sugata Marjit, Suryaprakash Misra, Tarun Kabiraj and Lei Yang

12395: Sustaining International Rules in a Multipolar World

Cecilia Carvalho, Nicolas Goulart, Daniel Monte and Emanuel Ornelas

12394: Trade Within Multinational Boundaries

Laura Alfaro, Paola Conconi, Fariha Kamal and Zachary Kroff

12393: Awards: Tangibility, Self-Signaling and Signaling to Others

Jana Gallus, Sandy Campbell and Uri Gneezy

12392: Postpartum Depression and the Motherhood Penalty

Sonia Bhalotra, N. Meltem Daysal, Louis Freget, Jonas Cuzulan Hirani, Priyama Majumdar, Mircea Trandafir, Miriam Wüst and Tom Zohar

12391: Party Pressure and Representation

Chad Kendall

12390: Political Ideologies, Redistribution and Local (Mis-)Perceptions of Migrant Stocks and Flows

Sarah Langlotz, Johannes Matzat, Axel Dreher and Christopher Parsons

12389: Climate Resilience and the Adaptation Trap: A Macroeconomic Framework for Joint Fiscal–External Sustainability

Antonio Afonso, José Alves, João Tovar Jalles and Sofia Monteiro

12388: Debtor Protection and Health Insurance: Evidence From Personal Bankruptcy Reform

Paolo Nicola Barbieri, Laura Bottazzi and Giuseppe Di Giacomo

12387: The Long Run Economic Effects of Medical Innovation and the Role of Opportunities

Sonia Bhalotra, Damian Clarke and Atheendar Venkataramani

12386: Pension Wealth and the Timing of Retirement

Torben M. Andersen, Anne Katrine Borgbjerg and Jonas Maibom