CESifo Working Paper Series

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1632: The Political Economy of Intergenerational Cooperation

Alessandro Cigno

1631: The Evolution of Public Spending on Higher Education in a Democracy

Alexander Haupt

1630: International Capital Market Integration, Educational Choice and Economic Growth

Hartmut Egger, Peter Egger, Josef Falkinger and Volker Grossmann

1629: Wage Bargaining and Political Strength in the Public Sector

Torberg Falch and Bjarne Strøm

1628: Do Institutions of Direct Democracy Tame the Leviathan? Swiss Evidence on the Structure of Expenditure for Public Education

Justina A. V. Fischer

1627: Income Taxation, Tuition Subsidies, and Choice of Occupation: Implications for Production Efficiency

Geir Haakon Bjertnæs

1626: To go or not to go: Emigration from Germany

Silke Uebelmesser

1625: Tax Competition when Firms Choose their Organizational Form: Should Tax Loopholes for Multinationals be Closed?

Sam Bucovetsky and Andreas Haufler

1624: Efficiency Potential and Efficiency Variation in Norwegian Lower Secondary Schools

Lars-Erik Borge and Linn Renée Naper

1623: Nordic Dual Income Taxation of Entrepreneurs

Vesa Kanniainen, Seppo Kari and Jouko Ylä-Liedenpohja

1622: Tax Effects, Search Unemployment, and the Choice of Educational Type

Annette Alstadsæter, Ann-Sofie Kolm and Birthe Larsen

1621: On the Research Value of Large Games: Natural Experiments in Norrath and Camelot

Edward Castronova

1620: Concerns for Equity and the Optimal Co-Payments for Publicly Provided Health Care

Michael Hoel

1619: Severance Pay and the Shadow of the Law: Evidence for West Germany

Laszlo Goerke and Markus Pannenberg

1618: Savers, Spenders and Fiscal Policy in a Small Open Economy

Egil Matsen, Tommy Sveen and Ragnar Torvik

1617: Money, Credit and Banking

Aleksander Berentsen, Gabriele Camera and Christopher Waller

1616: Is Human Capital Losing from Outsourcing? Evidence for Austria and Poland

Andzelika Lorentowicz, Dalia Marin and Alexander Raubold

1615: New Evidence on Fiscal Decentralization and the Size of Government

Jon Fiva

1614: Visas and Work Permits: Possible Global Negotiating Initiatives

Chi-Yung Ng and John Whalley

1613: The Three Parties in the Race to the Bottom: Host Governments, Home Governments and Multinational Companies

Rosanne Altshuler and Harry Grubert

1612: Taxation and the Financial Structure of German Outbound FDI

Jack Mintz, Alfons J. Weichenrieder and Alfons Weichenrieder

1611: The Pluralism of Fairness Ideals: An Experimental Approach

Alexander Cappelen, Astri D. Hole, Erik Sørensen and Bertil Tungodden

1610: Should you Take a Lump-Sum or Annuitize? Results from Swiss Pension Funds

Monika Buetler and Federica Teppa

1609: The Generalized Stackelberg Equilibrium of the All-Pay Auction with Complete Information

Kai Konrad and Wolfgang Leininger

1608: Labour Market Institutions and the Personal Distribution of Income in the OECD

Daniele Checchi and Cecilia Garcia-Penalosa

1607: Worker Absenteeism in Search Equilibrium

Per Engström and Bertil Holmlund

1606: Is Monetary Policy in the Eurozone less Effective than in the US?

Paul De Grauwe, Cláudia Costa Storti and Cláudia Costa Storti

1605: Policy-induced Internal Migration: An Empirical Investigation of the Canadian Case

Kathleen Day and Stanley Winer

1604: How Important is Discount Rate Heterogeneity for Wealth Inequality?

Lutz Hendricks

1603: Product Market Competition, Profit Sharing and Equilibrium Unemployment

Erkki Koskela and Rune Stenbacka

1602: Cross-Border Mergers and Acquisitions: On Revealed Comparative Advantage and Merger Waves

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

1601: Fiscal Federalism and Economic Growth

Jan Brueckner

1600: The Different Extent of Privatisation Proceeds in EU Countries: A Preliminary Explanation Using a Public Choice Approach

Ansgar Belke, Frank Baumgärtner, Friedrich Schneider and Ralph Setzer

1599: Survey Expectations

Mohammad Pesaran and Martin Weale

1598: Gender and Ethnicity – Married Immigrants in Britain

Christian Dustmann and Francesca Fabbri

1597: Transparency of Monetary Policy: Theory and Practice

Petra Geraats

1596: Survivor Benefits and the Gender Tax Gap in Public Pension Schemes: Observations from Germany

Martin Werding

1595: International Fragmentation: Boon or Bane for Domestic Employment?

Hartmut Egger and Udo Kreickemeier

1594: Sustainable Social Spending

Assar Lindbeck

1593: Electoral Uncertainty, Fiscal Policy and Macroeconomic Fluctuations

Jim Malley, Apostolis Philippopoulos and Ulrich Woitek

1592: Optimal Tax Policy when Firms are Internationally Mobile

Johannes Becker and Clemens Fuest

1591: Advertising, Competition and Entry in Media Industries

Claude Crampes, Carole Haritchabalet and Bruno Jullien

1590: Diversification and Ownership Concentration

Bruno Maria Parigi and Loriana Pelizzon

1589: Bank Control and the Number of Bank Relations of Japanese Firms

Kazuo Ogawa, Elmer Sterken and Ichiro Tokutsu

1588: Transfers, Non-Traded Goods, and Unemployment: An Analysis of the Keynes – Ohlin Debate

Steven Brakman, Charles van Marrewijk and Charles van Marrewijk

1587: What Determines Differences in Foreign Bank Efficiency? Australian Evidence

Jan-Egbert Sturm and Barry Williams

1586: Centralized vs. De-centralized Multinationals and Taxes

Søren Nielsen, Pascalis Raimondos and Guttorm Schjelderup

1585: On the Incentives to Experiment in Federations

Christos Kotsogiannis and Robert Schwager

1584: Introducing Time-to-Educate in a Job Search Model

Sascha Becker and Sascha O. Becker

1583: Minorities and Storable Votes

Alessandra Casella, Thomas Palfrey and Raymond Riezman

1582: State Visits and International Trade

Volker Nitsch

1581: Young Liberals and Old Conservatives - Inequality, Mobility and Redistribution

Astri Muren and Sten Nyberg

1580: Contracting Out Temporary Help Services in Germany

Elke Jahn and Wolfgang Ochel

1579: Gentrification and Neighborhood Housing Cycles: Will America's Future Downtowns be Rich?

Jan Brueckner and Stuart Rosenthal

1578: The Market for Protection and the Origin of the State

Kai Konrad and Stergios Skaperdas

1577: Social Security and Longevity

Torben Andersen

1576: Generalized Stochastic Gradient Learning

George Evans, Seppo Honkapohja and Noah Williams

1575: How Fiscal Decentralization Flattens Progressive Taxes

Roland Hodler and Kurt Schmidheiny

1574: Social Health Insurance - the Major Driver of Unsustainable Fiscal Policy?

Christian Hagist, Norbert Klusen, Andreas Plate and Bernd Raffelhüschen

1573: Constant Savings Rates and Quasi-Arithmetic Population Growth under Exhaustible Resource Constraints

Geir Asheim, Wolfgang Buchholz, John Hartwick, Tapan Mitra and Cees Withagen

1572: Risk Management of Pension Systems from the Perspective of Loss Aversion

Johannes Binswanger

1571: Early Retirement and Social Security: A Long Term Perspective

J. Ignacio Conde-Ruiz, Vincenzo Galasso and Paola Profeta

1570: The Warsaw Stock Exchange Index WIG: Modelling and Forecasting

Piotr Wdowiński and Aneta Zglinska-Pietrzak

1569: Pension Design when Fertility Fluctuates: The Role of Capital Mobility and Education Financing

Jovan Zamac

1568: Risk Sharing and Efficiency Implications of Progressive Pension Arrangements

Hans Fehr and Christian Habermann

1567: Assessing the Maintenance of Savings Sufficiency Over the First Decade of Retirement

Robert Haveman, Karen Holden, Barbara Wolfe, Andrei Romanov and Robert H. Haveman

1566: Putting New Economic Geography to the Test: Free-ness of Trade and Agglomeration in the EU Regions

Steven Brakman, Harry Garretsen and Marc Schramm

1565: Unit Roots and Cointegration in Panels

Jörg Breitung and Mohammad Pesaran

1564: Equilibrium and Efficiency in the Tug-of-War

Kai Konrad and Dan Kovenock

1563: Product Market Competition, Investment and Employment-Abundant versus Job-Poor Growth: A Real Options Perspective

Yu-Fu Chen and Michael Funke

1562: Distribution of Natural Resources, Entrepreneurship, and Economic Development: Growth Dynamics with two Elites

Josef Falkinger and Volker Grossmann

1561: Non-Linearities in the Relation between the Exchange Rate and its Fundamentals

Carlo Altavilla and Paul De Grauwe

1560: Subsidizing Enjoyable Education

Robert Dur and Amihai Glazer

1559: Sharing Budgetary Austerity under Free Mobility and Asymmetric Information: An Optimal Regulation Approach to Fiscal Federalism

Marie-Laure Breuillé and Robert Gary-Bobo

1558: Small Sample Properties of Maximum Likelihood Versus Generalized Method of Moments Based Tests for Spatially Autocorrelated Errors

Peter Egger, Mario Larch, Michael Pfaffermayr and Janette Walde

1557: Financial Markets and Economic Growth in Poland: Simulations with an Econometric Model

Piotr Wdowiński

1556: Why is Fiscal Policy often Procyclical?

Alberto Alesina and Guido Tabellini

1555: Demographic Change and Public Education Spending: A Conflict between Young and Old?

Ueli Grob and Stefan Wolter

1554: Structural Separation and Access in Telecommunications Markets

Paul de Bijl

1553: Looking for Multiple Equilibria when Geography Matters: German City Growth and the WWII Shock

Maarten Bosker, Steven Brakman, Harry Garretsen and Marc Schramm

1552: Gatekeeping in Health Care

Kurt Brekke, Robert Nuscheler and Odd Rune Straume

1551: Dual Income Taxation: Why and how?

Peter Birch Sørensen

1550: Turkish Delight for Some, Cold Turkey for Others?: The Effects of the EU-Turkey Customs Union

Antonis Adam and Thomas Moutos

1549: Nonlinear Production, Abatement, Pollution and Materials Balance Reconsidered

Rüdiger Pethig

1548: Global Business Cycles and Credit Risk

Mohammad Pesaran, Til Schuermann and Björn-Jakob Treutler

1547: Endogenous Pensions and Retirement Behavior

Randall Filer and Marjorie Honig

1546: Trade and Business Cycle Synchronization in OECD Countries - a Re-examination

Robert Inklaar, Richard Jong-A-Pin, Jakob de Haan and Jakob de Haan

1545: Can Deunionization Lead to International Outsourcing?

Kjell Lommerud, Frode Meland and Odd Rune Straume

1544: Social Security Incentives, Human Capital Investment and Mobility of Labor

Panu Poutvaara

1543: Ownership Concentration, Monitoring and Optimal Board Structure

Clara Graziano and Annalisa Luporini

1542: Early Retirement: Free Choice or Forced Decision

David Dorn and Alfonso Sousa-Poza

1541: Household Saving Rates and the Design of Social Security Programmes: Evidence from a Country Panel

Richard Disney

1540: The International Spillover Effects of Pension Reform

Yvonne Adema, Lex Meijdam and Harrie A. A Verbon

1539: Public Pensions and Capital Accumulation: The Case of Brazil

Gerhard Glomm, Juergen Jung, Changmin Lee and Chung Tran

1538: Output Effects of Inflation with Fixed Price- and Quantity-Adjustment Costs

Leif Danziger

1537: On-the-Job Search and Sorting

Pieter Gautier, C. N. Teulings and Aico van Vuuren

1536: Justifying the Lindahl Solution as an Outcome of Fair Cooperation

Wolfgang Buchholz and Wolfgang Peters

1535: The Desire for Impact

Robert Dur and Amihai Glazer

1534: Succession Rules and Leadership Rents

Kai Konrad and Stergios Skaperdas

1533: Drifting Together or Falling Apart? The Empirics of Regional Economic Growth in Post-Unification Germany

Roberta Colavecchio, Declan Curran and Michael Funke