CESifo Working Paper Series

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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

12052: Does Remote Work Reinforce Gender Gaps in (Un)Paid Labor?

Jean-Victor Alipour

12051: Losing Political Representation

Aaron Günther, Niklas Potrafke, Felix Rösel and Timo Wochner

12050: Trade Policy and Structural Change

Hayato Kato, Kensuke Suzuki, Motoaki Takahashi and Hayato Kato

12049: Measuring Markets for Network Goods

Leonardo Bursztyn, Matthew Gentzkow, Rafael Jimenez-Duran, Aaron Leonard, Filip Milojevic, Christopher Roth and Matthew Gentzkow

12048: Global Warming Policy in a Federation

Robin Boadway and Katherine Cuff

12047: The Survival of the Royals

Alberto Batinti, Joan Costa-Font, Vasuprada Shandar and Joan Costa-i-Font

12046: Concentration and Markups in International Trade

Vanessa Alviarez, Michele Fioretti, Ken Kikkawa and Monica Morlacco

12045: Breaking Bias: Pathways to Reducing Discrimination

Vojtěch Bartoš

12044: Bank Risk-Taking and Bank Rents: Revisiting the Franchise Value Hypothesis

Gianni De Nicolò

12043: From Chalkboards to Steam Engines: Early Adoption of Compulsory Schooling, Innovation, and Industrialization

Francesco Cinnirella and Elona Harka

12042: Sequential College Admission Mechanisms and Off-Platform Options

Olivier De Groote, Anais Fabre, Margaux Luflade and Arnaud Maurel

12041: Model Uncertainty

Robin Musolff and Florian Zimmermann

12040: Foreclosure Incentives with Network Effects: A Framework for Screening Digital Mergers

Johannes Johnen and Shiva Shekhar

12039: Green Fiscal Multipliers with Different Sovereign Debt Trajectories in EU Countries

Antonio Afonso, José Alves, Alessio Ferrara and Sofia Monteiro

12038: Designing Vertical Differentiation with Information

Christoph Carnehl, Anton Sobolev, Konrad Stahl, André Stenzel and Konrad O. Stahl

12037: Environmental and Health Costs of Europe’s Shift from Gas to Coal Amidst the Energy Crisis

Mario Liebensteiner and Alex Mburu Kimani

12036: Functional Public Sector Spending and SDGs: An Efficiency Map for the EU Countries

Antonio Afonso, José Alves, Najat Bazah and A. J. Sánchez-Fuentes

12035: Conflict

Dominic Rohner

12034: Higher-Order Forward Guidance

Marc Dordal i Carreras and Seung Joo Lee

12033: Moving Online Under de Minimis? Import Tariffs and International Retail E-commerce

Te Du, Chao Fang, Shuzhong Ma, Lixin Tang and Zhihong Yu

12032: Coarse Categories in a Complex World

Thomas Graeber, Christopher Roth, Marco Sammon and Thomas W. Graeber

12031: Reshaping the Economy? Local Reallocation Effects of Place-Based Policies

Sarah Fritz and Catherine van der List

12030: Can Air Pollution Affect Our Sentiments: Social Media Evidence from Japan

Zehao Lin, Ying Liu, Congrong Pan and Lutz Sager

12029: Public Communication and Collusion: New Screening Tools for Competition Authorities

Tomaso Duso, Harrington Joseph E., Carl Kreuzberg and Geza Sapi

12028: Is it Time to Put a Moratorium on List Experiments for Domestic Violence Elicitation?

Andreas Kotsadam and Mette Løvgren

12027: International Transport Infrastructure and Regional Economic Development

Karsten Mau, Mingzhi (Jimmy) Xu and Yawen Zheng

12026: Markups, Markdowns, and Bargaining in a Vertical Supply Chain

Rémi Avignon, Claire Chambolle, Etienne Guigue and Hugo Molina

12025: Cooperative Banks and Crime: A Provincial-Level Analysis

Gianluca Cafiso and Marco Ferdinando Martorana

12024: Born in the Land of Milk and Honey: Hometown Growth and Individual Wealth Accumulation

Charlotte Bartels, Johannes König and Carsten Schröder

12023: Culture and Social Organizations in the Great Reversal: Europe and China, 1000-2000

Avner Greif, Joel Mokyr and Guido Tabellini

12022: Legal Risks and Social Bonds: How Does Information About Risks Affect the Willingness to Grant a Third-Party Loan Guarantee?

Elisabeth Beckmann, Söhnke Bergmann, Christa Hainz and Sarah Kiesl-Reiter

12021: Trading Around Geopolitics

Giancarlo Corsetti, Banu Demir, Beata Javorcik, Banu Demir Pakel and Beata Smarzynska Javorcik

12020: Green Transition with Dynamic Social Preferences

Kirill Borissov and Nigar Hashimzade

12019: Do Firms Hire Politicians as Directors? Evidence from Close Elections

Simon Luechinger, Mark Schelker and Lukas Schmid

12018: Tuition Increases and University Behavior: Theory and Evidence on Student Enrollment

Katherine Cuff, Ana Gamarra Rondinel and A. Abigail Payne

12017: From Rural Schools to City Factories: Assessing the Quality of Chinese Rural Schools

Eric A. Hanushek, Le Kang, Xueying Li and Lei Zhang

12016: Outside Employment and Parliamentary Priorities

Klaus Gründler, Niklas Potrafke and Timo Wochner

12015: Transparency as Trade Policy: The Value of Advance Notifications in Technical Regulations

Irene Iodice

12014: Inequality, Social Mobility and Convergence: Patterns Across the Indian States

Bharatee Dash and Stanley Winer

12013: Are Citizens Willing to Reduce Public Debt? Beliefs, Information and Policy Preferences

Massimo Bordignon, Nicolò Gatti and Gilberto Turati

12012: Why Avoiding Deindustrialization via Subsidies May Trigger a Subsidy Trap and Slow Down Green Investments

Markus Dertwinkel-Kalt, Anna Ressi and Christian Wey

12011: Workers’ Motivation and Quality of Services in Mission-Driven Sectors

Francesca Barigozzi, Chiara Canta and Helmuth Cremer

12010: Comparing the Effects of Subsidies on Target Goods

Markus Dertwinkel-Kalt and Christian Wey

12009: The Effect of Cyclones on Workers’ Mental Health

Cristhian D. Prieto, Arthur Grimes and Ilan Noy

12008: Spiral of Silence: How Neutral Moderation Polarizes Content Creation

Ying Bao and Jessie Liu

12007: Explaining Business Sentiment: Insights from the ifo Business Survey

Stefan Sauer and Klaus Wohlrabe

12006: Inflation Forecast Targeting Revisited

Christian Conrad, Zeno Enders and Gernot Müller

12005: Corporate Survival in Emerging European Markets: Impacts of the COVID-19 Pandemic and the Russo-Ukrainian War

Evžen Kočenda and Ichiro Iwasaki

12004: School Enrollment Shifts Five Years After the Pandemic

Abigail Francis, Joshua Goodman and Joshua S. Goodman

12003: Do Anti-immigration Attitudes Discourage Immigration? Evidence from a New Instrument

Etienne Bacher, Michel Beine and Hillel Rapoport

12002: The More the Merrier? The Role of Green Research and Development Subsidies under Different Environmental Policies

Leonie P. Meissner

12001: Spatial Patterns in the Formation of Economic Preferences

Shyamal Chowdhury, Manuela Puente-Beccar, Hannah Schildberg-Hörisch, Sebastian Schneider and Matthias Sutter

12000: Lobbying in Disguise

Stefano Carattini, Ulrich Matter and Matthias Roesti

11999: Erroneous Beliefs Impede the Implementation of Cooperation-Inducing Mechanisms

Markus Dertwinkel-Kalt, Vincent Eulenberg, Christoph Feldhaus, Jonas Frey, Kevin Breuer, Ben Bruske, Flynn Fehre, Penelope Hoffmann, Cederik Höfs, Nico Klocke, Lucas Schnack, Florian Strunk, Moritz Thiele, Annika Walter, Julia Weinberg and Konstantin Zörner

11998: For (Un)Love or (of) Taxes? How Taxing Bachelors Empowered Italian Women

Enrico Rubolino and Enrico Rubolino

11997: Disconnecting Women: Gender Disparities in the Impact of Online Instruction

Xiaoyue Shan, Ulf Zölitz and Uschi Backes-Gellner

11996: Changes in the Hedonic Valuation of Amenities and Characteristics in Post-pandemic Residential Property Markets

Shiwen Xu

11995: Equilibrium Failure Rates in Tests of Endogenous Competence

Giuseppe Bertola

11994: Fertility in Sub-Saharan Africa: The Interplay Between Policy, Culture, and Intra-Household Bargaining

Matthew Collins, Eleonora Guarnieri and Helmut Rainer

11993: Government Scale as a Stabilizer: Effects on Output Volatility and Losses

Antonio Afonso, José Alves and Frederico Leal

11992: Speaking of Inflation: The Influence of Fed Speeches on Expectations

Eleonora Granziera, Vegard Larsen, Greta Meggiorini and Leonardo Melosi

11991: Keeping the Agents in the Dark: Competing Mechanisms, Private Disclosures, and the Revelation Principle

Andrea Attar, Eloisa Campioni, Thomas Mariotti and Alessandro Pavan

11990: Serving Countries, Shaping Views: Military Conscription and Attitude Towards Immigrants

Giacomo De Luca, Andrea Montalbano and Steven Stillman

11989: Cash Transfers, Mental Health and Agency: Evidence from an RCT in Germany

Sandra Bohmann, Susann Fiedler, Maximilian Kasy, Jürgen Schupp and Frederik Schwerter

11988: Going Beyond Suffering in Public Goods Games When Low Contributions Are Inefficient: Experimenting with Two Institutions

Daniela Di Cagno, Werner Güth, Francesca Marazzi and Luca Panaccione

11987: Are Bad Institutions Always Bad for Society? Trust and Cooperation in Times of Crisis

Pierluigi Conzo, Gianmarco Daniele, Andrea Martinangeli and Willem Sas

11986: Childbirth, Baby Bonus, and Maternal Mental Health

Sua Kang, Wookun Kim and Kanghyock Koh

11985: The COVID-19 Shock and Spanish Hotel Activity

Guglielmo Maria Caporale, Luis Gil-Alana, Carlos Poza and José L. Ruiz-Alba

11984: A Fractional Integration Model with Autoregressive Processes

Guglielmo Maria Caporale and Luis Gil-Alana

11983: A Fractional Integration Model and Testing Procedure with Roots Within the Unit Circle

Guglielmo Maria Caporale and Luis Gil-Alana

11982: Industrial Policy and Retaliatory Protection under the WTO: Lessons from China

Yusheng Feng, Haishi Li, Siwei Wang and Min Zhu

11981: Out-of-School Learning: Subtitling vs. Dubbing and the Acquisition of Foreign-Language Skills

Frauke Baumeister, Eric A. Hanushek, Ludger Woessmann and Christiane Baumeister

11980: Rethinking the Stock Market Participation Puzzle: A Qualitative Approach

Kamila Duraj, Daniela Grunow, Michael Haliassos, Christine Laudenbach and Stephan Siegel

11979: Do Reforms Aimed at Reducing Time to Graduation Work? Evidence from the Italian Higher Education System

Davide Malacrino, Samuel Nocito and Raffaele Saggio

11978: Successful Entrepreneurs Come From the Top of the Earned Income Distribution

Niklas Garnadt, Lena Füner, Konrad Stahl, Joacim Tåg and Konrad O. Stahl

11977: Pricing Intermittent Renewable Energy

Stefan Ambec, Claude Crampes and Stefan Lamp

11976: Threat Perceptions and the Valuation of Defence Policy Instruments

Tobias Börger, Tim Lohse, Jürgen Meyerhoff and Salmai Qari

11975: The Distribution of Profit Shifting

Sarah Clifford, Jakob Miethe and Camille Semelet

11974: Civilian Killings and Long-Run Development: Evidence from the Korean War

Yeonha Jung, Gedeon Lim and Sangyoon Park

11973: The CPI, Inflation, and the Cost of Living: A Proposal

J. Atsu Amegashie

11972: Leveraging Social Comparisons: The Role of Peer Assignment Policies for Productivity and Stress

Julien Senn, Jan Schmitz and Christian Zehnder

11971: Competitive Price Cycles

Kai Fischer, Simon Martin and Karl Schlag

11970: Foreign Aid and Targeted Political Violence

Axel Dreher, Jingke Pan and Christina Schneider

11969: Taxation of Reusable Goods

Vidar Christiansen