CESifo Working Paper Series

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12199: Populist Policymakers

Thushyanthan Baskaran, Zohal Hessami and Alexander Sohl

12198: Strategic Uncertainty and Sequential Play

Ala Avoyan and Daniela Valdivia

12197: The Long-Term Effects of Air Pollution on Health and Labor Market Outcomes: Evidence from Socialist East Germany

Moritz Lubczyk and Maria Waldinger

12196: Climbing the Ladder: The Intergenerational Mobility of Second-Generation Immigrants in France

Simone Moriconi, Mikaël Pasternak, Ahmed Tritah and Nadiya Ukrayinchuk

12195: The Role of Fairness Ideals in Coordination Failure and Success

Andrzej Baranski, Ernesto Reuben and Arno Riedl

12194: Historical Newspaper Markets

Davide Cipullo, Luca V.A. Colombo, Michele Magnani and Massimiliano Gaetano Onorato

12193: Status Seeking Taxpayer and Tax Evasion

Sugata Marjit, Koushik Hati and Lei Yang

12192: Fiscal Drag in Theory and in Practice: A European Perspective

Esteban García-Miralles, Maximilian Freier, Sara Riscado, Chrysa Leventi, Alberto Mazzoni, Glenn Abela, Laura Boyd, Baiba Brusbārde, Marion Cochard, David Cornille, Emanuele Dicarlo, Ian Debattista, Mar Delgado-Téllez, Mathias Dolls, Ludmila Fadejeva, Maria Flevotomou, Florian Henne, Alena Harrer-Bachleitner, Viktor Jaszberenyi-Kiraly, Max Lay, Laura Lehtonen, Mauro Mastrogiacomo, Tara McIndoe Calder, Mathias Moeser, Martin Nevický, Andreas Peichl, Myroslav Pidkuyko, Mojca Roter, Frederique Savignac, Andreja Strojan Kastelec, Vaidotas Tuzikas, Nikos Ventouris and Lara Wemans

12191: Bend It like Bolsonaro: Global Evidence on the Effect of Populism on Constitutional Compliance

Jerg Gutmann and Martin Rode

12190: On the Back Burner: Experimental Evidence for Energy Transitions

Meera Mahadevan, Adrian Martinez, Ryan McCord, Robyn Meeks and Manisha Pradhananga

12189: Parental Leave and Intimate Partner Violence

Dan Anderberg, Line Hjorth Andersen, N. Meltem Daysal and Mette Ejrnæs

12188: Unbundling the Effects of College on First-Job Search: Returns to Majors, Minors, and Extracurriculars

Jaime Arellano-Bover, Carolina Bussotti, John M. Nunley and R. Alan Seals

12187: Transshipment Hubs, Trade, and Supply Chains

Anh Do, Sharat Ganapati, Woan Foong Wong and Oren Ziv

12186: Fiscal Policy and Politicians’ Term Length

Davide Cipullo, Federico Franzoni and Jonas Klarin

12185: The Tragedy of the Common Heating Bill

Harald Mayr and Mateus Souza

12184: Gratitude in Fundraising: Do "Thank You in Advance" and Handwritten Thank-You Notes Impact Fundraising Success?

Maja Adena, Levent Neyse and Steffen Huck

12183: Worker Beliefs About Firm Training

Hanna Brosch, Philipp Lergetporer and Florian Schoner

12182: Culture and Constitutional Compliance

Jerg Gutmann, Anna Lewczuk-Czerwińska, Jacek Lewkowicz and Stefan Voigt

12181: Inequality and Market Power: Evidence from the United States and China

Yumin Hu, Luca Macedoni and Mingzhi (Jimmy) Xu

12180: Drivers of New Business Creation in the OECD: The Role of Education and Taxation

Antonio Afonso, M. Carmen Blanco-Arana and Ana J. Cisneros-Ruiz

12179: The 2025 Trade War: Dynamic Impacts Across U.S. States and the Global Economy

Andrés Rodríguez-Clare, Feodora A. Teti, Mauricio Ulate, Jose P. Vasquez, Roman D. Zarate, Feodora Teti and Feodora Teti

12178: Conflict and Democratic Preferences

Nicole Stoelinga and Tuuli Tähtinen

12177: Power and Values: The Gap Between Capitalist Mindsets and Capitalism

J. Atsu Amegashie

12176: Decomposing Comparative Development 1880-2020: A Quantitative Dynamic Analysis

Matteo Cervellati, Gerrit Meyerheim and Uwe Sunde

12175: Range Effects in Economic Choice: The Role of Complexity

Tommaso Bondi, Daniel Csaba, Evan Friedman and Salvatore Nunnari

12174: Income, Democracy, and Growth: Reconciling Evidence and Theory

Matteo Cervellati, Gerrit Meyerheim and Uwe Sunde

12173: Gender Gaps in Patience, Risk-Taking, Trust, and Prosociality Have Declined Across Birth Cohorts

Rainer Kotschy and Uwe Sunde

12172: Bargaining Over Taxes

Daniel Overbeck and Eliya Lungu

12171: Persistence in Stock Returns: Robotics and AI ETFs Versus Other Assets

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

12170: Bridging the Ambition Gap in Climate Policy: The Emissions Reduction Potential of Bilateral Emissions Trading Under Article 6.2 of the Paris Agreement

Christoph Böhringer, Carsten Helm and Laura Schürer

12169: Not All Leisure Is Created Equal: Income-Induced Constraints on the Enjoyment of Leisure

Leila Gautham, Clemens Hetschko and Peter Howley

12168: You Get What You Pay For: Electricity Quality and Firm Dynamics

Meera Mahadevan

12167: The Impact of Interest: Firms' Investment Sensitivity to Interest Rates

Lea Best, Benjamin Born and Manuel Menkhoff

12166: The Curse of Flexibility Under Uncertainty

Engin Kara

12165: Ex Ante Heterogeneity, Separations, and Labor Market Dynamics

César Barreto and Christian Merkl

12163: A Tale of Two Startups: The Loss and Gain of Startups in the U.S. Economy in the Pandemic

Robert Fairlie, Frank M. Fossen, Ke Lyu and Robert W. Fairlie

12162: The Labor Market Consequences of Acquisitions

Jakob Beuschlein, Jósef Sigurdsson and Horng Chern Wong

12161: Clean Hydrogen Pathways: Expert Projections from Australia and Implications for the World

Zarah Thiel, Reza Fazeli, Frank Jotzo and Andreas Löschel

12160: Shaping Future Success: Evidence from an Early Childhood Human Capital Formation Intervention

Deepak Saraswat, Shwetlena Sabarwal, Lindsey Lacey, Natasha Jha, Nishith Prakash and Rachel Cohen

12159: Incorporating Non-Unitary Income Elasticities, Choke Prices and Choke Incomes into Applied General-Equilibrium Models

James R. Markusen

12158: Data, Power and Emissions: The Environmental Cost of AI

Alessandra Bonfiglioli, Rosario Crinò, Mattia Filomena and Gino Gancia

12157: Religious Barriers to Birth Control Access

Olivier Marie and Esmée Zwiers

12156: Endogenous Discounting and Economic Dynamics

Kirill Borissov, Stefano Bosi, Thai Ha-Huy, Nguyen Van-Quy and Mikhail Pakhnin

12155: Identity and Institutional Change: Evidence from First Names in Germany, 1700–1850

Matthias Weigand, Cathrin Mohr and Davide Cantoni

12154: Deception Aversion

Béla Elmshauser, Evan Friedman and Yoon Joo Jo

12153: Grouping by Achievement: The Importance of Ordinal Rank and Tutors’ Instructional Practices Evidence from a Large Norwegian Field Experiment

Hans Bonesrønning and Jon Marius

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

Tymon Słoczyński, Derya Uysal and Jeffrey M. Wooldridge

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 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 Gil-Alana

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

Guglielmo Maria Caporale, Gloria Claudio-Quiroga, Luis 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 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 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