CESifo Working Paper Series

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8261: On the Productivity Advantage of Cities

Nick Jacob and Giordano Mion

8260: Reference-Dependent Preferences, Time Inconsistency, and Unfunded Pensions

Torben M. Andersen, Joydeep Bhattacharya and Qing Liu

8259: The Welfare Effects of Persuasion and Taxation: Theory and Evidence from the Field

Matthias Rodemeier and Andreas Löschel

8258: A Spatial Analysis of Inward FDI and Rural-Urban Wage Inequality: Evidence from China

Hao Wang, Jan Fidrmuc and Qi Luo

8257: Gender Differences in Professional Career Dynamics: New Evidence from a Global Law Firm

Ina Ganguli, Ricardo Hausmann and Martina Viarengo

8256: Have Macroeconomic Models Lost Their Connection with Economic Reality?

Tom van Veen

8255: New Firms, Capital Intensity and the Labor Share: New Theoretical and Empirical Insights

Jakob Grazzini and Lorenza Rossi

8254: Market Reactions to Quest for Decentralization and Independence: Evidence from Catalonia

Vincenzo Galasso

8253: Economic Effects of Regional Energy System Transformations: An Application to the Bavarian Oberland Region

Ana Maria Montoya Gomez, Marie-Theres von Schickfus and Markus Zimmer

8252: The Effects of Graduating from High School in a Recession: College Investments, Skill Formation, and Labor-Market Outcomes

Franziska Hampf, Marc Piopiunik and Simon Wiederhold

8251: Why Are Average Hours Worked Lower in Richer Countries?

Alexander Bick, Nicola Fuchs-Schündeln, David Lagakos and Hitoshi Tsujiyama

8250: Risk Matters: Breaking Certainty Equivalence

Juan Parra-Alvarez, Hamza Polattimur and Olaf Posch

8249: Elusive Safety: The New Geography of Capital Flows and Risk

Laura Alfaro, Ester Faia, Ruth Judson and Tim Schmidt-Eisenlohr

8248: International Trade and Social Connectedness

Michael Bailey, Abhinav Gupta, Sebastian Hillenbrand, Theresa Kuchler, Robert Richmond and Johannes Stroebel

8247: Cash Transfer Programs and Household Labor Supply

Daniela Del Boca, Chiara Pronzato and Giuseppe Sorrenti

8246: All Symmetric Equilibria in Differential Games with Public Goods

Niko Jaakkola, Florian Wagener and Florian O.O. Wagener

8245: Non-Pharmaceutical Interventions and Mortality in U.S. Cities during the Great Influenza Pandemic, 1918-1919

Robert Barro

8244: Exposure to the Covid-19 Stock Market Crash and its Effect on Household Expectations

Tobin Hanspal, Annika Weber and Johannes Wohlfart

8243: Voluntary and Mandatory Social Distancing: Evidence on Covid-19 Exposure Rates from Chinese Provinces and Selected Countries

Alexander Chudik, Mohammad Pesaran and Alessandro Rebucci

8242: Should Contact Bans Be Lifted in Germany? A Quantitative Prediction of Its Effects

Jean Roch Donsimoni, René Glawion, Bodo Plachter, Constantin Weiser and Klaus Wälde

8241: The Geographic Spread of Covid-19 Correlates with Structure of Social Networks as Measured by Facebook

Theresa Kuchler, Dominic Russel and Johannes Stroebel

8240: On the Optimal "Lockdown" during an Epidemic

Martin Gonzalez-Eiras and Dirk Niepelt

8239: Globalization for Sale

Michael Blanga-Gubbay, Paola Conconi and Mathieu Parenti

8238: Labor Markets during the Covid-19 Crisis: A Preliminary View

Olivier Coibion, Yuriy Gorodnichenko, Michael Weber and Michael Weber

8237: Present-Focused Preferences and Sin Goods Consumption at the Extensive and Intensive Margins

Zarko Kalamov and Marco Runkel

8236: What Can We Learn from EU ETS?

Herman R.J. Vollebergh and Corjan Brink

8235: Politics in the Facebook Era - Evidence from the 2016 US Presidential Elections

Federica Liberini, Michela Redoano, Antonio Russo, Ángel Cuevas and Rubén Cuevas

8234: Labor Demand in the Past, Present and Future

Georg Graetz

8233: The Ability Gradient in Bunching

Spencer Bastani and Daniel Waldenström

8232: Working from Home, Wages, and Regional Inequality in the Light of Covid-19

Michael Irlacher and Michael Koch

8231: Overclaimed Refunds, Undeclared Sales, and Invoice Mills: Nature and Extent of Noncompliance in a Value-Added Tax

Mazhar Waseem and Mazhar Waseem

8230: Polygyny, Inequality, and Social Unrest

Tim Krieger and Laura Renner

8229: Big G

Lydia Cox, Gernot Müller, Ernesto Pasten, Raphael S. Schoenle, Michael Weber and Michael Weber

8228: Cryptocurrency Market Reactions to Regulatory News

Raphael Auer and Stijn Claessens

8227: Germany's Capacity to Work from Home

Jean-Victor Alipour, Oliver Falck and Simone Schüller

8226: Comparative Advantage in (Non-)Routine Production

Liza Archanskaia, Johannes Van Biesebroeck and Gerald Willmann

8225: Robo-Advising

Francesco D'Acunto and Alberto G. Rossi

8224: Heterogeneous Expectations, Indeterminacy, and Postwar US Business Cycles

Francisco Ilabaca and Fabio Milani

8223: Islam and Human Capital in Historical Spain

Francesco Cinnirella, Alireza Naghavi and Giovanni Prarolo

8222: EU Solidarity and Policy in Fighting Infectious Diseases: State of Play, Obstacles, Citizen Preferences and Ways Forward

Anniek de Ruijter, Roel Beetsma, Brian Burgoon, Francesco Nicoli and Frank Vandenbroucke

8221: Who Teaches the Teachers? A RCT of Peer-to-Peer Observation and Feedback in 181 Schools

Richard Murphy, Felix Weinhardt and Gill Wyness

8220: Competition in Higher Education: A Survey

Michael Kaganovich, Sinan Sarpca and Xuejuan Su

8219: An Unemployment Re-Insurance Scheme for the Eurozone? Stabilizing and Redistributive Effects

Mathias Dolls

8218: Strategic Inattention, Inflation Dynamics, and the Non-Neutrality of Money

Hassan Afrouzi

8217: Time in Office and the Changing Gender Gap in Dishonesty: Evidence from Local Politics in India

Ananish Chaudhuri, Vegard Iversen, Francesca R. Jensenius and Pushkar Maitra

8216: Aging and Health Care Expenditures: A Non-Parametric Approach

Normann Lorenz, Peter Ihle and Friedrich Breyer

8215: Endogenous Task-Based Technical Change - Factor Scarcity and Factor Prices -

Andreas Irmen

8214: Does the Winner Take It All? Redistributive Policies and Political Extremism

Gianmarco Daniele, Amedeo Piolatto and Willem Sas

8213: 25 Years of European Merger Control

Pauline Affeldt, Tomaso Duso and Florian Szücs

8212: Observability, Social Proximity, and the Erosion of Norm Compliance

Cristina Bicchieri, Eugen Dimant, Simon Gaechter and Daniele Nosenzo

8211: Persistence in the Market Risk Premium: Evidence across Countries

Guglielmo Maria Caporale, Luis Gil-Alana and Miguel Martin-Valmayor

8210: Indebted Demand

Atif Mian, Ludwig Straub and Amir Sufi

8209: When Do Teachers Respond to Student Feedback? Evidence from a Field Experiment

Margaretha Buurman, Josse Delfgaauw, Robert Dur and Robin Zoutenbier

8208: Asset Level Heterogeneity, Competition and Export Incentives: The Role of Credit Rationing

Sugata Marjit and Moushakhi Ray

8207: EU Accession: A Boon or Bane for Corruption?

Vincenzo Alfano, Salvatore Capasso and Rajeev Goel

8206: The Role of Caseworkers in Unemployment Insurance: Evidence from Unplanned Absences

Amelie Schiprowski

8205: Children’s Social Care and Early Intervention Policy in England

Dan Anderberg and Christina Olympiou

8204: Divided They Fall. Fragmented Parliaments and Government Stability

Felipe Carozzi, Davide Cipullo and Luca Repetto

8203: Inflation and the Income Share of the Rich: Evidence for 12 OECD Countries

Mehdi El Herradi, Jakob de Haan and Aurélien Leroy

8202: A New Measure of Foreign Rule Based on Genetic Distance

Dhammika Dharmapala

8201: The Saving Glut of the Rich and the Rise in Household Debt

Atif Mian, Ludwig Straub and Amir Sufi

8200: Measuring Intra-Generational Redistribution in PAYG Pension Schemes

Jonas Klos, Tim Krieger and Sven Stöwhase

8199: Entrepôt: Hubs, Scale, and Trade Costs

Sharat Ganapati, Woan Foong Wong and Oren Ziv

8198: The Propagation of Business Expectations within the European Union

Anja Kukuvec and Harald Oberhofer

8197: The Causal Impact of Socio-Emotional Skills Training on Educational Success

Giuseppe Sorrenti, Ulf Zölitz, Denis Ribeaud and Manuel Eisner

8196: The Frequency of One-Day Abnormal Returns and Price Fluctuations in the FOREX

Guglielmo Maria Caporale, Alex Plastun and Viktor Oliinyk

8195: Culture and Gender Allocation of Tasks: Source Country Characteristics and the Division of Non-Market Work among US Immigrants

Francine Blau, Lawrence Kahn, Matthew Comey, Amanda Eng, Pamela Meyerhofer and Alexander Willén

8194: Benefit Duration, Job Search Behavior and Re-Employment

Andreas Lichter and Amelie Schiprowski

8193: Borders, Roads and the Relocation of Economic Activity Due to Extreme Weather

Jasmin Katrin Gröschl, Vincent Schippers and Thomas Steinwachs

8192: Do Inheritance Rules Affect Voter Turnout? Evidence from an Alpine Region

Andrea Bonoldi, Chiara Dalle Nogare, Martin Mosler and Niklas Potrafke

8191: The Trading Response of Individual Investors to Local Bankruptcies

Christine Laudenbach, Benjamin Loos, Jenny Pirschel and Johannes Wohlfart

8190: Cooperation in a Company: A Large-Scale Experiment

Marvin Deversi, Martin Kocher and Christiane Schwieren

8189: On the Exchange Rate and Economic Policy Uncertainty Nexus: A Panel VAR Approach for Emerging Markets

Abir Abid and Christophe Rault

8188: Macroeconomic Policy Lessons for Greece from the Debt Crisis

George Economides, Dimitris Papageorgiou and Apostolis Philippopoulos

8187: Shaking Things Up: On the Stability of Risk and Time Preferences

Michel Beine, Gary Charness, Arnaud Dupuy and Majlinda Joxhe

8186: Isolating the "Tech" from EdTech: Experimental Evidence on Computer Assisted Learning in China

Yue Ma, Robert Fairlie, Prashant Loyalka and Scott Rozelle

8185: Migration between Platforms

Gary Biglaiser, Jacques Crémer and André Veiga

8184: Globalization in the Time of Covid-19

Alessandro Sforza and Marina Steininger

8183: Projecting the Spread of Covid-19 for Germany

Jean Roch Donsimoni, René Glawion, Bodo Plachter and Klaus Wälde

8182: Compliance with Covid-19 Social-Distancing Measures in Italy: The Role of Expectations and Duration

Guglielmo Briscese, Nicola Lacetera, Mario Macis and Mirco Tonin

8181: Diff-in-Diff in Death: Estimating and Explaining Artist-Specific Death Effects

Heinrich Ursprung and Katarina Zigova

8180: Identifying Leadership Skills Required in the Digital Age

Milan Frederik Klus and Julia Müller

8179: How Do Firms Form Expectations of Aggregate Growth? New Evidence from a Large-Scale Business Survey

Jonas Dovern, Lena Sophia Müller and Klaus Wohlrabe

8178: Unconventional Monetary Policy Shocks in the Euro Area and the Sovereign-Bank Nexus

Nikolay Hristov, Oliver Hülsewig and Johann Scharler

8177: Inequality, Low-Intensity Immigration and Human Capital Formation in the Regions of Chile, 1820-1939

Joerg Baten and Manuel Llorca-Jaña

8176: The Political (In)Stability of Funded Pension Systems

Roel Beetsma, Oliwia Komada, Krzysztof Makarski and Joanna Tyrowicz

8175: The Loan Puzzle. A Study of Loans to Different Groups in the USA

Gianluca Cafiso

8174: Immigration and Worker-Firm Matching

Gianluca Orefice and Giovanni Peri

8173: Pensions and Fertility: Micro-Economic Evidence

Alexander Danzer and Lennard Zyska

8172: Contagion of Fear

Kris James Mitchener and Gary Richardson

8171: Persistence in the Realized Betas: Some Evidence for the Spanish Stock Market

Guglielmo Maria Caporale, Luis Gil-Alana and Miguel Martin-Valmayor

8170: Requiem for a Nudge: Framing Effects in Nudging Honesty

Eugen Dimant, Gerben A. van Kleef and Shaul Shalvi

8169: Poverty and Individual Responsibility

Paolo Giovanni Piacquadio

8168: Cognitive Biases: Mistakes or Missing Stakes?

Benjamin Enke, Uri Gneezy, Brian Hall, David Martin, Vadim Nelidov, Theo Offerman and Jeroen van de Ven

8167: A Note on Detecting Dividing Lines in Turnout: Spatial Dependence and Heterogeneity in the 2012 US Presidential Election

Nadia Fiorino, Nicola Pontarollo and Roberto Ricciuti

8166: The Coronavirus and the Great Influenza Epidemic - Lessons from the "Spanish Flu" for the Coronavirus's Potential Effects on Mortality and Economic Activity

Robert Barro, José F. Ursua and Joanna Weng

8165: Smart-Working: Work Flexibility without Constraints

Marta Angelici and Paola Profeta

8164: The Separation and Reunification of Germany: Rethinking a Natural Experiment Interpretation of the Enduring Effects of Communism

Sascha Becker, Lukas Mergele and Ludger Woessmann

8163: The Second Convict Age: Explaining the Return of Mass Imprisonment in Australia

Andrew Leigh

8162: Time Variation in Lifecycle Consumption and Income

Yunus Aksoy, Henrique Basso and Carolyn St Aubyn