CESifo Working Paper Series

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1755: The Impact of Globalization on the Composition of Government Expenditures: Evidence from Panel Data

Axel Dreher, Jan-Egbert Sturm and Heinrich Ursprung

1754: Ex-Post Redistribution in a Federation: Implications for Corrective Policy

Marko Köthenbürger

1753: A Collective Household Model of Time Allocation - a Comparison of Native Dutch and Immigrant Households in the Netherlands

Chris Klaveren, Bernard van Praag and Henriette Maassen van den Brink

1752: Labor Courts, Nomination Bias, and Unemployment in Germany

Helge Berger and Michael Neugart

1751: Mixing Bismarck and Child Pension Systems: An Optimum Taxation Approach

Robert Fenge and Jakob von Weizsäcker

1750: Agglomeration and Aid

Steven Brakman, Harry Garretsen, Charles van Marrewijk and Charles van Marrewijk

1749: Workfare, Monitoring, and Efficiency Wages

Christian Holzner, Volker Meier and Martin Werding

1748: Natural Volatility, Welfare and Taxation

Olaf Posch and Klaus Wälde

1747: Forecasting and Combining Competing Models of Exchange Rate Determination

Carlo Altavilla and Paul De Grauwe

1746: Labor Standards and Economic Integration in the European Union: An Empirical Analysis

Vivek Dehejia and Yiagadeesen Samy

1745: Multi-Dimensional Transitional Dynamics: A Simple Numberical Procedure

Timo Trimborn, Karl-Josef Koch and Thomas Steger

1744: Identifying Monetary Policy Shocks via Changes in Volatility

Markku Lanne and Helmut Lütkepohl

1743: Evidence and Implications of Zipf’s Law for Integrated Economies

Harry Bowen, Haris Munandar and Jean-Marie Viaene

1742: The Elasticity of Derived Demand, Factor Substitution and Product Demand: Corrections to Hicks’ Formula and Marshall’s Four Rules

Bob Chirinko and Debdulal Mallick

1741: Subsidies for Wages and Infrastructure: How to Restrain Undesired Immigration

Robert Fenge and Volker Meier

1740: Ageing and Growth in the Small Open Economy

Ben J. Heijdra and Ward Romp

1739: Monetary Transmission Mechanism in Transition Economies: Surveying the Surveyable

Balázs Égert and Ronald MacDonald

1738: Supply Constraints and Housing Prices

Saku Aura and Thomas Davidoff

1737: Cycles and Indeterminacy in Overlapping Generations Economies with Stone-Geary Preferences

Erkki Koskela and Mikko Puhakka

1736: Tax Evasion and Self-Employment in a High-Tax Country: Evidence from Sweden

Per Engström and Bertil Holmlund

1735: Reevaluating the Role of Trade Agreements: Does Investment Globalization Make the WTO Obsolete?

Emily Blanchard

1734: Modelling Structural Breaks in the US, UK and Japanese Unemployment Rates

Guglielmo Maria Caporale and Luis Gil-Alana

1733: Government Outsourcing: Public Contracting with Private Monopoly

Emmanuelle Auriol and Pierre Picard

1732: Fool the Markets? Creative Accounting, Fiscal Transparency and Sovereign Risk Premia

Kerstin Bernoth and Guntram Wolff

1731: Airline Schedule Competition: Product-Quality Choice in a Duopoly Model

Jan Brueckner and Ricardo Flores-Fillol

1730: Reputations, Relationships and the Enforcement of Incomplete Contracts

W. Bentley Macleod

1729: Growth and Enduring Epidemic Diseases

Clive Bell and Hans Gersbach

1728: A Century of Shocks: The Evolution of the German City Size Distribution 1925 – 1999

Maarten Bosker, Steven Brakman, Harry Garretsen and Marc Schramm

1727: Selling Favors in the Lab: Experiments on Campaign Finance Reform

Daniel Houser and Thomas Stratmann

1726: Assessing Horizontal Mergers under Uncertain Efficiency Gains

Philippe Choné and Laurent Linnemer

1725: Prospects of Regional Cooperation in Trade, Investment and Finance in Asia: An Empirical Analysis on BIMSTEC Countries and Japan

Swapan K. Bhattacharya and Biswanath Bhattacharyay

1724: Do IMF and World Bank Influence Voting in the UN General Assembly?

Axel Dreher and Jan-Egbert Sturm

1723: Bequests, Taxation and the Distribution of Wealth in a General Equilibrium Model

Christian Kleiber, Martin Sexauer and Klaus Wälde

1722: Corporate Tax Reform and Foreign Direct Investment in Germany – Evidence from Firm-Level Data

Johannes Becker, Clemens Fuest and Thomas Hemmelgarn

1721: The Capital Structure of Multinational Companies under Tax Competition

Paolo Panteghini

1720: China’s Exchange Rate and International Adjustment in Wages, Prices, and Interest Rates: Japan Déjà Vu?

Ronald McKinnon and Gunther Schnabl

1719: Interjurisdictional Competition for Higher Education and Firms

Marcel Gerard and Fernando Ruiz

1718: Tobacco Taxation in the European Union

Sijbren Cnossen

1717: Learning to Forecast the Exchange Rate: Two Competing Approaches

Paul De Grauwe and Agnieszka Markiewicz

1716: Empirical Estimation Results of a Collective Household Time Allocation Model

Chris Klaveren, Bernard van Praag and Henriette Maassen van den Brink

1715: Choosing Intellectual Protection: Imitation, Patent Strength and Licensing

David Encaoua and Yassine Lefouili

1714: Construction Contracts (or “How to Get the Right Building at the Right Price?”)

Surajeet Chakravarty and W. Bentley Macleod

1713: Margins of Multinational Labor Substitution

Marc-Andreas Muendler, Sascha Becker and Sascha O. Becker

1712: Proprietary Income, Entrepreneurial Risk, and the Predictability of U.S. Stock Returns

Mathias Hoffmann

1711: Wage Bargaining and Multinational Firms in General Equilibrium

Carsten Eckel and Hartmut Egger

1710: Global Financial Transmission of Monetary Policy Shocks

Michael Ehrmann and Marcel Fratzscher

1709: The Employment Effects of Labor and Product Markets Deregulation and their Implications for Structural Reform

Helge Berger and Stephan Danninger

1708: The Pathological Export Boom and the Bazaar Effect - How to Solve the German Puzzle

Hans-Werner Sinn

1707: Marginal Employment Subsidization: A New Concept and a Reappraisal

Andreas Knabe, Ronnie Schöb and Joachim Weimann

1706: What’s the Monetary Value of Distributive Justice?

Giacomo Corneo and Christina M. Fong

1705: Social Security and Risk Sharing

Piero Gottardi and Felix Kubler

1704: Pairwise Tests of Purchasing Power Parity Using Aggregate and Disaggregate Price Measures

Mohammad Pesaran, Ronald Smith, Takashi Yamagata and Liudmyla Hvozdyk

1703: Afriat’s Theorem for General Budget Sets

Francoise Forges and Enrico Minelli

1702: Company Tax Reform in Europe and its Effect on Collusive Behavior

Dirk Schindler and Guttorm Schjelderup

1701: Rethinking the Concept of Long-Run Economic Growth

Christian Groth, Karl-Josef Koch and Thomas Steger

1700: Major Provisions of Labour Contracts and their Theoretical Coherence

Louis Christofides and Amy (Chen) Peng

1699: Economic, Demographic and Political Determinants of Pollution Reassessed: A Sensitivity Analysis

Martin Gassebner, Michael Lamla and Jan-Egbert Sturm

1698: On the Size of the Winning Set in the Presence of Interest Groups

Vjollca Sadiraj, Jan Tuinstra and Frans van Winden

1697: Optimal Central Bank Design: Benchmarks for the ECB

Helge Berger

1696: African-American and White Living Standards in the 19th Century American South: A Biological Comparison

Scott A. Carson

1695: An Empirical Model of Daily Highs and Lows

Yin-Wong Cheung

1694: The New Keynesian Phillips Curve and the Role of Expectations: Evidence from the Ifo World Economic Survey

Steffen Henzel and Timo Wollmershäuser

1693: Meta-Analysis of the Business Cycle Correlation between the Euro Area and the CEECs

Jarko Fidrmuc and Iikka Korhonen

1692: Business Cycle Dynamics of a New Keynesian Overlapping Generations Model with Progressive Income Taxation

Burkhard Heer and Alfred Maussner

1691: Does Financial Integration Spur Economic Growth? New Evidence from the First Era of Financial Globalization

Moritz Schularick and Thomas Steger

1690: Optimal Taxation and Social Insurance in a Lifetime Perspective

Lans Bovenberg and Peter Birch Sørensen

1689: Sustainability of Swiss Fiscal Policy

Gebhard Kirchgässner and Silke Prohl

1688: Tenure Profiles and Efficient Separation in a Stochastic Productivity Model

Ioan Sebastian Buhai and C. N. Teulings

1687: Job Security and Work Absence: Evidence from a Natural Experiment

Assar Lindbeck, Mårten Palme and Mats Persson

1686: The Ex Ante Incentive Compatible Core in Exchange Economies with and without Indivisibilities

Francoise Forges

1685: Negative Reciprocity and the Interaction of Emotions and Fairness Norms

Ernesto Reuben and Frans van Winden

1684: “Itô’s Lemma“ and the Bellman Equation for Poisson Processes: An Applied View

Ken Sennewald and Klaus Wälde

1683: Risk Selection in Natural Disaster Insurance – the Case of France

Mario Jametti and Thomas von Ungern-Sternberg

1682: The Role of Fiscal Policy in a Monetary Union: Are National Automatic Stabilizers Effective?

Andrea Colciago, Vito Muscatelli, Tiziano Ropele and Patrizio Tirelli

1681: Persistence of Innovation in Dutch Manufacturing: Is it Spurious?

Wladimir Raymond, Pierre Mohnen, Franz Palm and Sybrand Schim van der Loeff

1680: Probabilistic Aging

Dominik Grafenhofer, Christian Jaag, Christian Keuschnigg and Mirela Keuschnigg

1679: Public versus Private Health Care in a National Health Service

Kurt Brekke and Lars Sørgard

1678: Globalisation and the Mix of Wage and Profit Taxes

Andreas Haufler, Alexander Klemm and Guttorm Schjelderup

1677: Measurement Error in Education and Growth Regressions

Miguel Portela, Rob Alessie and C. N. Teulings

1676: Asset Ownership and Foreign-Market Entry

Horst Raff, Michael Ryan and Frank Stähler

1675: A Model of Income Insurance and Social Norms

Assar Lindbeck and Mats Persson

1674: Reciprocity and Emotions when Reciprocators Know each other

Ernesto Reuben and Frans van Winden

1673: Evaluation of Researchers: A Life Cycle Analysis of German Academic Economists

Michael Rauber and Heinrich Ursprung

1672: Democracy and Development: The Devil in the Details

Torsten Persson and Guido Tabellini

1671: Something out of Nothing? Neoclassical Growth and the ‘Trivial’ Steady State

Hendrik Hakenes and Andreas Irmen

1670: Information, Coordination, and the Industrialization of Countries

Florian Englmaier and Markus Reisinger

1669: Long Persuasion Games

Francoise Forges and Frederic Koessler

1668: Voice and Bargaining Power

Hans Gersbach and Hans Haller

1667: Inflation Expectations and Inflation Uncertainty in the Eurozone: Evidence from Survey Data

Ivo Arnold and Jan Lemmen

1666: Bureaucratic Corruption and Profit Tax Evasion

Laszlo Goerke

1665: Regional Effects on Employer Provided Training: Evidence from Apprenticeship Training in Switzerland

Samuel Muehlemann and Stefan Wolter

1664: Optimal Policy Towards Families with Different Amounts of Social Capital, in the Presence of Asymmetric Information and Stochastic Fertility

Alessandro Cigno and Annalisa Luporini

1663: Political Parties and Network Formation

Topi Miettinen and Panu Poutvaara

1662: Public-Private Partnership and Schooling Outcomes across Countries

Ludger Woessmann

1661: Fiscal Policy, Monopolistic Competition, and Finite Lives

Ben J. Heijdra and Jenny Ligthart

1660: Satisfaction with Democracy and the Environment in Western Europe – a Panel Analysis

Alexander Wagner and Friedrich Schneider

1659: Macroeconometric Modelling with a Global Perspective

Mohammad Pesaran and Ronald Smith

1658: Outsourcing in Contests

Frode Meland and Odd Rune Straume

1657: Cross-Racial Envy and Underinvestment in South Africa

Daniel Haile, Abdolkarim Sadrieh and Harrie A. A Verbon

1656: Efficient Revenue Sharing and Upper Level Governments: Theory and Application to Germany

Thiess Büttner, Sebastian Hauptmeier and Robert Schwager