CESifo Working Paper Series

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12152: Covariate Balancing and the Equivalence of Weighting and Doubly Robust Estimators of Average Treatment Effects

Tymon Słoczyński, Derya Uysal, Jeffrey M. Wooldridge and Tymon Sloczynski

12151: Asylum Seekers, New Businesses, and Job Creation

Zohal Hessami, Sebastian Schirner and Clara Wobbe

12150: Work-from-Home and Wage Convergence Across Cities: An Exploration

Jan K. Brueckner and David R. Agrawal

12149: Taxing Corporate or Shareholder Income

Kristoffer Berg

12148: Luck Or Effort: Perceptions of the Role of Circumstances in Education and Demand for Targeted Spending

Elisabeth Grewenig, Katharina Wedel and Katharina Werner

12147: Identity as Self-Image

Roland Bénabou and Luca Henkel

12146: Renewable Energy Supply Shocks from Wind Electricity

Paula Patzelt

12145: Geopolitical Risk and Global Banking

Friederike Niepmann and Leslie Sheng Shen

12144: Distorted Prices and Targeted Taxes in the New Keynesian Network Model

Anastasiia Antonova and Gernot Müller

12143: Tail Connectedness Between Robotics and AI ETFs and Traditional Us Assets Under Different Market Conditions: A Quantile Var Approach

Fekria Belhouichet, Guglielmo Maria Caporale and Luis Alberiko Gil-Alana

12142: Travel Shocks to the Chinese Economy: A Fractional Integration Approach

Guglielmo Maria Caporale, Gloria Claudio-Quiroga, Luis A. Gil-Alana and Andoni Maiza-Larrarte

12141: Gender Differences in University Enrollment and STEM Major: The Role of Tuition Policy in Australia

Katherine Cuff, Ana Gamarra Rondinel and A. Abigail Payne

12140: There Goes the Neighborhood? The Local Impacts of State Policies That Override Municipal Zoning

Hector Blanco and Noémie Sportiche

12139: The EU’s New Expenditure Rule and Its Implications for Monetary Policy

Vasilki Dimakopoulou, George Economides and Apostolis Philippopoulos

12138: Globalization and Gender Equality

Klaus Gründler, Niklas Potrafke, Ramona Schmid and Jan-Egbert Sturm

12137: The Changing Nature of International Trade and Its Implications for Development

Pinelopi Goldberg and Michele Ruta

12136: Political Capitalism vs the Public Interest: Influence in the Presence of Checks and Balances

Stergios Skaperdas and Samarth Vaidya

12135: Guns, Lawyers, and Markets: On Economic and Political Consequences of Costly Conflict

Stergios Skaperdas and Samarth Vaidya

12134: Flexclusivity: Exclusive Agreements with Competitive Flexibility

Philippe Choné and Laurent Linnemer

12133: Geopolitical Risk and Extreme Spillovers Among Oil-Based Energy Commodities

Evžen Kočenda, Peter Albrecht and Daniel Pastorek

12132: Corporate Crime in European Emerging Markets

Ichiro Iwasaki and Evžen Kočenda

12131: Workplace Peer Effects in Fertility Decisions

Maria De Paola, Roberto Nisticò and Vincenzo Scoppa

12130: Competition Between Green and Blue Hydrogen and Indirect Network Effects

Kine Josefine Aurland-Bredesen, Rolf Golombek and Mads Greaker

12129: Reconciling Eco and Ego? The Interplay Between Environmental and Image Concerns in Consumption Choices

Jérôme Pivard and Vincent Martinet

12128: Social Risk, Fairness Types, and Redistribution

Stefania Bortolotti, Felix Kölle, Ivan Soraperra and Matthias Sutter

12127: Imperfect Competition and the Adoption of Clean Technology: The Case of CCS in Cement

Quentin Hoarau and Jean-Pierre Ponssard

12126: Declining Free Lunch: State Capacity and Foregone Public Spending

Sarah Fritz, Lorenzo Incoronato and Catherine van der List

12125: Tariff Cuts, Policy Uncertainty, and the Force of Many: The Impact of Plurilateral Agreements

Lasha Chochua and Irene Iodice

12124: Expectations, Learning Gains, and Forecast Errors: Assessing Nonlinearities with a Functional Coefficient Approach

Fabio Milani

12123: Monetary Policy, Heterogeneous Expectations, and the Return of High Inflation

Fabio Milani

12122: Makers and Takers: The Economics of the Kalshi Prediction Market

Constantin Bürgi, Wanying Deng and Karl Whelan

12121: News Customization with AI

Felix Chopra, Ingar K. Haaland, Fabian Roeben, Christopher Roth and Vanessa Sticher

12120: Environmental Summits and Innovation

Daryna Grechyna and Pamela Efua Ofori

12119: Trade and the Scopes of Pollution: Evidence from China’s World Market Integration

Stefano Carattini, Hanwei Huang, Frank Pisch and Tejendra Pratap Singh

12118: What Drives Refugees' Return After Conflict?

Joop Age Harm Adema, Lasha Chargaziia, Yvonne Giesing, Sarah Necker and Panu Poutvaara

12117: Social Substitution? Time Use Responses to Increased Workplace Isolation

Benjamin W. Cowan and Todd R. Jones

12116: Political Salience and Regime Resilience

Sebastian Schweighofer-Kodritsch, Steffen Huck and Macartan Humphreys

12115: The Perverse Effect of Flexible Work Arrangements on Informality

Edoardo Di Porto, Pietro Garibaldi, Giovanni Mastrobuoni and Paolo Naticchioni

12114: Beyond Training: Worker Agency, Informal Learning, and Competition

Mikko Silliman and Alexander L.P. Willén

12113: Political Views and College Choices in a Polarized America

Riley K. Acton, Emily Cook and Paola A. Ugalde

12112: Earnings Responses to Social Security Contributions: Evidence from Older Workers in Canada

Adam Lavecchia and James Stutely

12111: Fiscal Regimes and Sustainability: Insights from Post-War Germany

Antonio Afonso and Joshua Jablonowski

12110: Demand for Green Skills in an Evolving Landscape

Esther Arenas-Arroyo, Jacob Fabian, Friederike Mengel, Bernhard Schmidpeter and Michel Serafinelli

12109: The Transmission of Reliable and Unreliable Information

Thomas Graeber, Shakked Noy, Christopher Roth and Thomas W. Graeber

12108: Firms’ Investment and Capacity Utilisation: The Role of Financial Constraints and Uncertainty

Siavash Mohades, Giulia Piccillo, Maria Savona and Tania Treibich

12107: Income Distribution, Welfare, and the Patterns of Trade

Reto Foellmi, Björn Hartmann and Josef Zweimüller

12106: Intergenerational Population Ethics

Paolo Giovanni Piacquadio

12105: What Works for Working Couples? Work Arrangements, Maternal Labor Supply, and the Division of Home Production

Ludovica Ciasullo and Martina Uccioli

12104: Job Mismatch and Early Career Success

Julie Berry Cullen, Gordon B. Dahl and Richard De Thorpe

12103: The Uninsured Deposit Premium

Daniel Dias and Tim Schmidt-Eisenlohr

12102: Unfair Chances and Labor Supply

Nickolas Gagnon, Kristof Bosmans and Arno Riedl

12101: The National Carbon Price and Welfare on Alternative Paths Towards Net Zero Emissions: Simple Versus Optimal Policy Rules

Rasmus Kehlet Skjødt Berg and Peter Birch Sørensen

12100: How Do Caseworkers Affect Job Search Outcomes?

Lennart Ziegler

12099: Monetary Policy Shocks and Firms' Investment Decisions

Klaus Abberger, Alexander Rathke, Samad Sarferaz and Pascal Seiler

12098: Young Firms Under Pressure: Heterogeneous Investment Responses to a Trade Shock

Andreas Dibiasi and Katharina Erhardt

12097: When Am I Richer than You? Toward a Meaningful Comparison of Income of Nations

Syed M. Ahsan and S. Quamrul Ahsan

12096: Firm Ownership and Pollution

Tsz Chun Kwok, Daniel Spiro and Arthur A. van Benthem

12095: Russian Society, Democratic Values, and the Legacy of the Early-1990s Economic Shock

Michael Alexeev, William Pyle and Jiaan Wang

12094: Questions, Measures, and Meaning: Interpreting Indicators from the ifo Business Survey

Felix Leiss, Stefan Sauer and Klaus Wohlrabe

12093: Unpacking the Distributional Implications of the Energy Crisis: Lessons from the Iberian Electricity Market

Natalia Fabra, Clément Leblanc and Mateus Souza

12092: Optimal Regulation of Electricity Provision with Rolling and Systemic Blackouts

Catherine Bobtcheff, Philippe De Donder and François Salanié

12091: On the Existence of Recursive Utility

Asen Kochov

12090: The Effects of Tenure-Track Systems on Selection and Productivity in Economics

Marco Nieddu, Roberto Nisticò and Lorenzo Pandolfi

12089: Efficiency Aspects of the Value Added Tax

Ruud A. De Mooij, Shafik Hebous and Michael Keen

12088: Easy Money, Easy Spending: Evidence from Commodity Export Windfalls

Rabah Arezki, Hieu Nguyen and Frederick (Rick) van der Ploeg

12087: Party Factions and Candidate Selection

Christine T. Bangum, Jon Fiva, Giovanna M. Invernizzi, Carlo Prato and Janne Tukiainen

12086: Bypassing Sanctions: Hide ‘n Seek in Tax Havens?

Dominika Langenmayr, Mikayel Tovmasyan and Sebastian Vosseler

12085: Carbon Emissions and Redistribution: The Design of Carbon Tax Rebates

Lea Fricke, Clemens Fuest and Dominik Sachs

12084: Kinky Europe: Evidence from the Regional Phillips Curve in the Euro Area

Marius Faber and Gabriel Züllig

12083: Too Hot or Too Cold: Effect of Extreme Temperatures on Self-Reported Mental Health Outcomes in South Africa

Odunola Oladeji and Ilan Noy

12082: The Legacy of Growing Up in a Recession on Attitudes Towards European Union

Despina Gavresi and Anastasia Litina

12081: Climbing the Political Ladder with Legal Status: Evidence from the Immigration Reform and Control Act

Andrea Bernini and Navid Sabet

12080: Collective Memory and National Identity Formation: The Role of Family and the State

Björn Brey, Joanne Haddad and Lamis Kattan

12079: The Price of Delay: Supply Chain Disruptions and Pricing Dynamics

Salome Baslandze and Simon Fuchs

12078: Improving Rationality by Increasing Attention

Hui-Kuan Chung, Nick Doren, Lasse Mononen, Mia Lu, Marcus Grueschow, Helen Hayward Könnecke, Alexander Jetter, Boris B. Quednow, Nick Netzer and Philippe N. Tobler

12077: Deforestation: A Global and Dynamic Perspective

Farid Farrokhi, Elliot Kang, Heitor S. Pellegrina and Sebastian Sotelo

12076: Policy Interventions to Mitigate the Long-Run Costs of Brexit

George Economides, Jim Malley, Apostolis Philippopoulos and Anastasios Rizos

12075: Should I Mail or Should I Go: Voting Behavior After a One-Time All-Postal Election

Marius Kröper and Valentin Lindlacher

12074: Germs in the Family: The Short- and Long-Term Consequences of Intra-Household Disease Spread

N. Meltem Daysal, Hui Ding, Maya Rossin-Slater and Hannes Schwandt

12073: Detection of Collusive Networks in Multistage Auctions

Bruno Baránek, Leon Musolff and Vítězslav Titl

12072: Job Transformation, Specialization, and the Labor Market Effects of AI

Lukas B. Freund and Lukas F. Mann

12071: Profit-Share Auctions in Procurement

Olivier Bos, Nicolas Fugger and Sander Onderstal

12070: Notes on a World with Generative AI

Nikos Askitas

12069: The Behavioral Signature of GenAI in Scientific Communication

Nikos Askitas

12068: Work Meaning and Fair Wages

Thimo De Schouwer, Elisabeth Gsottbauer, Iris Kesternich and Heiner Schumacher

12067: Antidepressant Treatment in Childhood

Sonia Bhalotra, N. Meltem Daysal and Mircea Trandafir

12066: The Folk Theorem with Endogenous Discounting and Unobserved Mixtures

Asen Kochov and Yangwei Song

12065: Inflation, Monetary Policy, and Capital-Labor Inequality

Fabio Milani

12064: Virality: What Makes Narratives Go Viral, and Does it Matter

Kai Gehring and Matteo Grigoletto

12063: Climate Policies, Investments, and the Role of Elections

Achim Hagen and Gilbert Kollenbach

12062: Capitalists, Workers and Landlords: A Comprehensive Analysis of Corporate Tax Incidence

David Gstrein, Florian Neumeier, Andreas Peichl and Pascal Zamorski

12061: The Global Gender Distortions Index (GGDI)

Pinelopi Goldberg, Charles Gottlieb, Somik Lall, Meet Mehta, Michael Peters and Aishwarya Lakshimi Ratan

12060: Speaking of Debt: Framing, Guilt, and Economic Choices

Cevat Giray Aksoy, Mathias Dolls, Justyna Klejdysz, Andreas Peichl and Lisa Windsteiger

12059: Decolonization, Legitimacy and Fiscal Capacity: Event Study Evidence from Africa

Dhammika Dharmapala and Marvin Suesse

12058: Rising Inequality, Declining Mobility: The Evolution of Intergenerational Mobility in Germany

Julia Baarck, Moritz Bode and Andreas Peichl

12057: Labor Market Impacts of the Green Transition: Evidence from a Contraction in the Oil Industry

Cloé Garnache, Elisabeth Isaksen and Maria Nareklishvili

12056: Lessons for the FOMC’s Monetary Policy Strategy

Carl Walsh

12055: ANOVA-HDFE: Fast Variance Decomposition with High-Dimensional Fixed Effects and an Application to Trade Flows

Hanna L. Adam, Mario Larch and Michael Nower

12054: Defining Current and Expected Financial Constraints Using AI: Reinterpreting the Cash Flow Sensitivity of Cash

Rachel Cho, Christoph Görtz, Danny McGowan and Max Schröder

12053: Brain Drain or Brain Dilution Tax: A Sending Country’s Perspective

Leonid Azarnert