CESifo Working Paper Series

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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

8161: Does Climate Change Make Foodgrain Yields More Unpredictable? Evidence from India

Saumya Verma, Shreekant Gupta and Partha Sen

8160: Gravity without Apology: The Science of Elasticities, Distance, and Trade

Celine Carrere, Monika Mrazova and J. Peter Neary

8159: Macroeconomics and the Environment: A Selective Survey

Partha Sen

8158: Gender Roles and the Gender Expectations Gap

Francesco D'Acunto, Ulrike M. Malmendier, Michael Weber and Michael Weber

8157: Efficiency of Universities and Research-Focused Institutions Worldwide: An Empirical DEA Investigation Based on Institutional Publication Numbers and Estimated Academic Staff Numbers

Lutz Bornmann, Sabine Gralka, Félix de Moya Anegón and Klaus Wohlrabe

8156: Estimating Long-Run Incarceration Rates for Australia, Canada, England & Wales, New Zealand and the United States

Andrew Leigh

8155: Female Political Representation and Substantive Effects on Policies: A Literature Review

Zohal Hessami and Mariana Lopes da Fonseca

8154: Does a Local Bias Exist in Equity Crowdfunding?

Lars Hornuf, Matthias Schmitt and Eliza Stenzhorn

8153: The Econometrics of Oil Market VAR Models

Lutz Kilian and Xiaoqing Zhou

8152: How do Taxpayers Respond to Public Disclosure and Social Recognition Programs? Evidence from Pakistan

Joel Slemrod, Obeid Ur Rehman, Mazhar Waseem and Mazhar Waseem

8151: The Fed's Response to Economic News Explains the "Fed Information Effect"

Michael Bauer and Eric Swanson

8150: The Structure of Multinational Firms' International Activities

Ronald Davies and James Markusen

8149: Global Spillovers of Taxation in the Online Advertising Market. Theory and Evidence from Facebook

Andrea Lassmann, Federica Liberini, Antonio Russo, Ángel Cuevas and Rubén Cuevas

8148: Quantifying Qualitative Survey Data: New Insights on the (Ir)Rationality of Firms' Forecasts

Alexandros Botsis, Christoph Görtz and Plutarchos Sakellaris

8147: Tournaments with Safeguards: A Blessing or a Curse for Women

Zhengyang Bao and Andreas Leibbrandt

8146: Measurement of Factor Strenght: Theory and Practice

Natalia Bailey, George Kapetanios and Mohammad Pesaran

8145: Tracking and Predicting the German Economy: ifo vs. PMI

Robert Lehmann and Magnus Reif

8144: Not All Profit Shifting Is Created Equal? An Analysis of Internal Debt

Zarko Kalamov

8143: Retaining Alpha: The Effect of Trade Size and Rebalancing Frequency on FX Strategy Returns

Michael Melvin, Wenqiang Pan and Petra Wikstrom

8142: Big and Small Lies

Diogo Geraldes, Franziska Heinicke and Duk Gyoo Kim

8141: Gini and Optimal Income Taxation by Rank

Laurent Simula and Alain Trannoy

8140: Behavioral Aspects of Communication in Organizations

Fortuna Casoria, Arno Riedl and Peter Werner

8139: The Role of Non-Discrimination in a World of Discriminatory Preferential Trade Agreements

Kamal Saggi, Woan Foong Wong and Halis Yildiz

8138: Lifestyle Taxes in the Presence of Profit Shifting

Rosella Levaggi, Carmen Marchiori and Paolo Panteghini

8137: Factorial Designs, Model Selection, and (Incorrect) Inference in Randomized Experiments

Karthik Muralidharan, Mauricio Romero and Kaspar Wüthrich

8136: Switching from an Inclining to a Zero-Level Unemployment Benefit Profile: Good for Work Incentives?

Bart Cockx, Koen Declercq, Muriel Dejemeppe, Leda Inga and Bruno Van der Linden

8135: Class Size Effects in Higher Education: Differences across STEM and Non-STEM Fields

Elif Kara, Mirco Tonin and Michael Vlassopoulos

8134: General or Central Government? Empirical Evidence on Political Cycles in Budget Composition Using New Data for OECD Countries

Niklas Potrafke

8133: Recoupling Economic and Social Prosperity

Katharina Lima de Miranda and Dennis J. Snower

8132: The Impact of Declining Oil Rents on Tax Revenues: Does the Shadow Economy Matter?

Phoebe W. Ishak and Mohammad Reza Farzanegan

8131: What You See Is All There Is

Benjamin Enke

8130: A Unified Model of International Business Cycles and Trade

Saroj Bhattarai and Konstantin Kucheryavyy

8129: Overcoming History through Exit or Integration - Deep-Rooted Sources of Support for the European Union

Kai Gehring

8128: Overlapping Efforts in the EU Emission Trading System

Fabian Herweg

8127: Robustly Optimal Monetary Policy in a New Keynesian Model with Housing

Klaus Adam and Michael Woodford

8126: Platform Competition with Multi-Homing on Both Sides: Subsidize or Not?

Yannis Bakos and Hanna Halaburda

8125: Fast Fashion: Theory and Evidence from Portuguese Textile and Clothing Firms

Ana Fernandes and Heiwai Tang

8124: Cyber-Attacks, Cryptocurrencies, and Cyber Security

Guglielmo Maria Caporale, Woo-Young Kang, Fabio Spagnolo and Nicola Spagnolo

8123: Perceived Precautionary Savings Motives: Evidence from FinTech

Francesco D'Acunto, Thomas Rauter, Christoph Scheuch, Michael Weber and Michael Weber

8122: Are Economists Getting Climate Dynamics Right and Does It Matter?

Simon Dietz, Frederick (Rick) van der Ploeg, Armon Rezai and Frank Venmans

8121: Structural Gravity and the Gains from Trade under Imperfect Competition: Quantifying the Effects of the European Single Market

Benedikt Heid and Frank Stähler

8120: Were Jews in Interwar Poland More Educated?

Ran Abramitzky and Hanna Halaburda

8119: Inequality Convergence and Distribution Neutral Fiscal Policy

Sugata Marjit, Amlan Majumder, Sandip Sarkar and Lei Yang

8118: Forward Guidance and Household Expectations

Olivier Coibion, Dimitris Georgarakos, Yuriy Gorodnichenko, Michael Weber and Michael Weber

8117: Understanding Migration Aversion Using Elicited Counterfactual Choice Probabilities

Gizem Kosar, Tyler Ransom and Wilbert van der Klaauw

8116: Health Capital Provision and Human Capital Accumulation

Leonid Azarnert