CESifo Working Paper Series

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7195: Redistribution through Income Taxation and Public Utility Pricing in the Presence of Energy Efficiency Considerations

Fabian Feger, Doina Radulescu and Doina Maria Radulescu

7194: Recent Trade Dynamics in Asia: Examples from Specific Industries

Marc Auboin and Floriana Borino

7193: Who Voted for Brexit? Individual and Regional Data Combined

Eleonora Alabrese, Sascha Becker, Thiemo Fetzer, Dennis Novy and Sascha O. Becker

7192: Educational Inequality and Public Policy Preferences: Evidence from Representative Survey Experiments

Philipp Lergetporer, Katharina Werner and Ludger Woessmann

7191: Is Additional Schooling Worthless? Revising Zero Returns to Compulsory Schooling in Germany

Kamila Cygan-Rehm

7190: Price Rigidity and the Origins af Aggregate Fluctuations

Ernesto Pasten, Raphael Schoenle, Michael Weber and Michael Weber

7189: Oligopoly, Macroeconomic Performance, and Competition Policy

José Azar and Xavier Vives

7188: Optimal Income Taxation in Unionized Labor Markets

Albert Jan Hummel and Bas Jacobs

7187: Dissecting Characteristics Nonparametrically

Joachim Freyberger, Andreas Neuhierl, Michael Weber and Michael Weber

7186: The European Social Welfare Function Shaped on a Difference Principle: A Normative Rawlsian Approach in Favour of Fiscal Union

Klaudijo Klaser

7185: Prioritization vs Zero-Rating: Discrimination on the Internet

Axel Gautier and Robert Somogyi

7184: International Corporate Tax Avoidance: A Review of the Channels, Magnitudes, and Blind Spots

Sebastian Beer, Ruud de Mooij and Li Liu

7183: Signaling versus Auditing

Helmut Bester, Matthias Lang and Jianpei Li

7182: When the Market Drives you Crazy: Stock Market Returns and Fatal Car Accidents

Corrado Giulietti, Mirco Tonin and Michael Vlassopoulos

7181: Why is there so much Inertia in Inflation and Output? A Behavioral Explanation

Yuemei Ji

7180: Strategic Implications of Counter-Geoengineering: Clash or Cooperation?

Daniel Heyen, Joshua Horton and Juan Moreno-Cruz

7179: Sanctioning and Trustworthiness across Ethnic Groups: Experimental Evidence from Afghanistan

Vojtěch Bartoš and Ian Levely

7178: Heterogeneity, Vetoes, and Exit Clauses in Federal Systems

Martijn Huysmans

7177: Risk Management-Driven Policy Rate Gap

Giovanni Caggiano, Efrem Castelnuovo and Gabriela Nodari

7176: Reserves for All? Central Bank Digital Currency, Deposits, and their (Non)-Equivalence

Dirk Niepelt

7175: Size, Determinants, and Consequences of Corruption in China's Provinces: The MIMIC Approach

Hailin Chen, Friedrich Schneider and Qunli Sun

7174: Working Times and Overweight: Tight Schedules, Weaker Fitness?

Joan Costa-i-Font and Belen Saenz de Miera Juarez

7173: Offshoring under Uncertainty

Wilhelm Kohler and Bohdan Kukharskyy

7172: Peeling Away the Layers: Impacts of Durable Tariff Elimination

Arevik Gnutzmann-Mkrtchyan and Christian Henn

7171: Firms, Trade and Profit Shifting: Evidence from Aggregate Data

Sébastien Laffitte and Farid Toubal

7170: How Do Banks Interact with Fintech Startups?

Lars Hornuf, Milan F. Klus, Todor S. Lohwasser and Armin Schwienbacher

7169: Credit Channel and Business Cycle: The Role of Tax Evasion

Bruno Chiarini, Maria Ferrara and Elisabetta Marzano

7168: Testing

Annika Barbara Bergbauer, Eric Hanushek and Ludger Woessmann

7167: Modelling Volatility of Cryptocurrencies Using Markov-Switching Garch Models

Guglielmo Maria Caporale and Timur Zekokh

7166: Structural Interpretation of Vector Autoregressions with Incomplete Identification: Revisiting the Role of Oil Supply and Demand Shocks: Comment

Lutz Kilian and Xiaoqing Zhou

7165: The Politics of Aging and Retirement: Evidence from Swiss Referenda

Piera Bello and Vincenzo Galasso

7164: Market Potential and Global Growth over the Long Twentieth Century

David Jacks and Dennis Novy

7163: Measuring Quality for Use in Incentive Schemes: The Case of "Shrinkage" Estimators

Nirav Mehta

7162: Who Benefits from Universal Child Care? Estimating Marginal Returns to Early Child Care Attendanc

Thomas Cornelissen, Christian Dustmann, Anna Raute and Uta Schönberg

7161: Resolving Sovereign Debt Crises: The Role of Political Risk

Christoph Trebesch

7160: Unemployment Effects of the German Minimum Wage in an Equilibrium Job Search Model

Maximilian Blömer, Nicole Guertzgen, Laura Pohlan, Holger Stichnoth and Gerard van den Berg

7159: Did Austerity Cause Brexit?

Thiemo Fetzer

7158: Quantum Decision Theory and the Ellsberg Paradox

Ali al-Nowaihi, Sanjit Dhami and Mengxing Wei

7157: Where Do You Come from, where Do You Go? Assessing Skills Gaps and Labour Market Outcomes of Young Adults with Different Immigration Backgrounds

Alison Cathles, Dongshu Ou, Simone Sasso, Mary Setrana and Tom van Veen

7156: Paying for what kind of Performance? Performance Pay and Multitasking in Mission-Oriented Jobs

Daniel Jones, Mirco Tonin and Michael Vlassopoulos

7155: The International Transmission of Monetary Policy

Claudia Buch, Matthieu Bussiere, Linda Goldberg and Robert Hills

7154: How Do Expectations About the Macroeconomy Affect Personal Expectations and Behavior?

Christopher Roth and Johannes Wohlfart

7153: How Community Managers Affect Online Idea Crowdsourcing Activities

Lars Hornuf and Sabrina Jeworrek

7152: Multi-Pollutant Point-Nonpoint Trading with Participation Decisions: The Role of Transaction Costs

Carson Reeling, Richard D. Horan and Cloé Garnache

7151: Optimal Cross-Licensing Arrangements: Collusion versus Entry Deterrence

Jay Choi and Heiko Gerlach

7150: Misreported Trade

Mohammad Farhad, Michael Jetter, Abu Siddique and Andrew Williams

7149: Tax Morale and the Role of Social Norms and Reciprocity. Evidence from a Randomized Survey Experiment

Philipp Dörrenberg and Andreas Peichl

7148: Wealth Preference and Rational Bubbles

Jean-Baptiste Michau, Yoshiyasu Ono and Matthias Schlegl

7147: How Much Binding Is the Bill?

Gianluca Cafiso and Roberto Cellini

7146: Shedding Light on the Spatial Diffusion of Disasters

Gabriel Felbermayr, Jasmin Katrin Gröschl, Mark Sanders, Vincent Schippers, Thomas Steinwachs and Gabriel J. Felbermayr

7145: Intermittent Price Changes in Production Plants: Empirical Evidence Using Monthly Data

Øivind Nilsen and Magne Vange

7144: Adolescents on the Road: A Case Study of Determinants of Risky Behaviors

Filippo Elba, Fiammetta Cosci, Anna Pettini and Federico M. Stefanini

7143: Cash in Circulation and the Shadow Economy: An Empirical Investigation for Euro Area Countries and Beyond

Franz Seitz, Hans-Eggert Reimers and Friedrich Schneider

7142: Identification of Causal Mechanisms Based on Between-Subject Double Randomization Design

Conny Wunsch and Renate Strobl

7141: Attitudes towards Euro Area Reforms: Evidence from a Randomized Survey Experiment

Mathias Dolls and Nils Wehrhöfer

7140: The Intergenerational Transmission of Welfare Dependency

Monique De Haan and Ragnhild C. Schreiner

7139: An Experimental Test of the Validity of Survey-Measured Political Ideology

Maite D. Laméris, Richard Jong-A-Pin and Rasmus Wiese

7138: Time-Dependency in Producers' Price Adjustments: Evidence from Micro Panel Data

Øivind Nilsen, Per Marius Pettersen and Joakim Bratlie

7137: Foreign-Law Bonds: Can They Reduce Sovereign Borrowing Costs?

Marcos Chamon, Julian Schumacher and Christoph Trebesch

7136: Testing the Waters: Behavior across Participant Pools

Erik Snowberg and Leeat Yariv

7135: The Role of Colleges within the Higher Education Sector

Bernhard Eckwert and Itzhak Zilcha

7134: MPC Heterogeneity and Household Balance Sheets

Andreas Fagereng, Martin B. Holm and Gisle Natvik

7133: The Tax-Efficient Use of Debt in Multinational Corporations

Jarle Møen, Dirk Schindler, Guttorm Schjelderup and Georg Wamser

7132: Social Preferences and Social Curiosity

Weiwei Tasch and Daniel Houser

7131: Public R&D Support and Firms' Performance - A Panel Data Study

Øivind Nilsen, Arvid Raknerud and Diana-Cristina Iancu

7130: The Joint Distribution of Wealth and Income Risk: Evidence from Bern

Matthias Krapf

7129: Uncertain Altruism and Non-Linear Long-Term Care Policies

Chiara Canta and Helmuth Cremer

7128: Political Participation and the Welfare State

Rainald Borck

7127: The Relative Effectiveness of Spot and Derivatives Based Intervention

Milan Nedeljkovic and Christian Saborowski

7126: Managers as Knowledge Carriers - Explaining Firms' Internationalization Success with Manager Mobility

Philipp Meinen, Pierpaolo Parrotta, Davide Sala and Erdal Yalcin

7125: Risky Choices and Solidarity: Why Experimental Design Matters

Conny Wunsch and Renate Strobl

7124: Central Bank Swap Lines

Saleem Bahaj and Ricardo Reis

7123: Currency Unions, Trade, and Heterogeneity

Natalie Chen and Dennis Novy

7122: Positive Trend Inflation and Determinacy in a Medium-Sized New Keynesian Model

Jonas E. Arias, Guido Ascari, Nicola Branzoli and Efrem Castelnuovo

7121: Population Aging, Social Security and Fiscal Limits

Burkhard Heer, Vito Polito, Michael Wickens and Michael R. Wickens

7120: Optimal Fiscal Policy with Labor Selection

Sanjay Chugh, Wolfgang Lechthaler and Christian Merkl

7119: Measuring Unfair Inequality: Reconciling Equality of Opportunity and Freedom from Poverty

Paul Hufe, Ravi Kanbur and Andreas Peichl

7118: Shadow Banks and the Risk-Taking Channel of Monetary Policy Transmission in the Euro Area

Arina Wischnewsky and Matthias Neuenkirch

7117: Combatting Tax Evasion: Evidence from Comparing Commercial and Business Tax Registry

Collen Lediga, Nadine Riedel and Kristina Strohmaier

7116: The Energy Efficiency Rebound Effect in General Equilibrium

Christoph Böhringer and Nicholas Rivers

7115: Conditional Cooperation and the Effect of Punishment

Oliver Kirchkamp and Wladislaw Mill

7114: Wages and Employment: The Role of Occupational Skills

Esther Mirjam Girsberger, Miriam Rinawi and Matthias Krapf

7113: Managing Trade: Evidence from China and the US

Nick Bloom, Kalina Manova, John van Reenen, Stephen Teng Sun, Zhihong Yu and Nicholas Bloom

7112: Trade and Currency Weapons

Agnès Benassy-Quere, Matthieu Bussiere and Pauline Wibaux

7111: Employment Effects of Payroll Tax Subsidies

Matthias Collischon, Kamila Cygan-Rehm and Regina Riphahn

7110: Quantity-cum-Quality Contests

J. Atsu Amegashie

7109: What is a Foreign Firm? Implications for Productivity Spillovers

Sara L. McGaughey, Pascalis Raimondos and Lisbeth la Cour

7108: Monetary Policy Analysis when Planning Horizons are Finite

Michael Woodford

7107: Heterogeneity and Persistence in Returns to Wealth

Andreas Fagereng, Luigi Guiso, Davide Malacrino and Luigi Pistaferri

7106: Optimal Law Enforcement with Sophisticated and Naive Offenders

Berno Buechel, Eberhard Feess and Gerd Muehlheusser

7105: Economic Policy Uncertainty and Unemployment in the United States: A Nonlinear Approach

Giovanni Caggiano, Efrem Castelnuovo and Juan Manuel Figueres

7104: The Hardships of Long Distance Relationships: Time Zone Proximity and Knowledge Transmission within Multinational Firms

Dany Bahar

7103: Guaranteed Renewable Life Insurance Under Demand Uncertainty

Michael Hoy, Afrasiab Mirza and Asha Sadanand

7102: How to Measure Financial Market Efficiency? A Multifractality-Based Quantitative Approach with an Application to the European Carbon Market

Cristina Sattarhoff and Marc Gronwald

7101: Do Electoral Rules Matter for Female Representation?

Paola Profeta and Eleanor Woodhouse

7100: Long Term Care Risk Misperceptions

Martin Boyer, Philippe De Donder, Claude Fluet, Marie-Louise Leroux and Pierre-Carl Michaud

7099: International Trade and Retail Market Performance and Structure: Theory and Empirical Evidence

Philipp Meinen and Horst Raff

7098: Do Working Hours Affect Health? Evidence from Statutory Workweek Regulations in Germany

Kamila Cygan-Rehm and Christoph Wunder

7097: Growing up in Ethnic Enclaves: Language Proficiency and Educational Attainment of Immigrant Children

Alexander Danzer, Carsten Feuerbaum, Marc Piopiunik and Ludger Woessmann

7096: Liquidity Traps and Large-Scale Financial Crises

Giovanni Caggiano, Efrem Castelnuovo, Olivier Damette, Antoine Parent and Giovanni Pellegrino