CESifo Working Paper Series

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6157: Boosting and Regional Economic Forecasting: The Case of Germany

Robert Lehmann and Klaus Wohlrabe

6156: A Model of Reference-Dependent Belief Updating

Johannes Maier and Clemens König

6155: Fiscal Competition and Public Debt

Eckhard Janeba and Maximilian Todtenhaupt

6154: Individual Investments in Education and Health: Policy Responses and Interactions

Jared Carbone and Snorre Kverndokk

6153: Cost Performance on the Norwegian Continental Shelf

Sindre Lorentzen and Petter Osmundsen

6152: Pollution and City Size: Can Cities be too Small?

Rainald Borck and Takatoshi Tabuchi

6151: The Role of Toeholds and Capital Gains Taxes for Corporate Acquisition Strategies

Federica Liberini, Antonio Russo and Michael Stimmelmayr

6150: Cross-Border Banking in Regulated Markets: Is Financial Integration Desirable?

Andreas Haufler and Ian Wooton

6149: Geographical Origins and Economic Consequences of Language Structures

Oded Galor, Ömer Özak and Assaf Sarid

6148: Climate Change and Migration: A Dynamic Model

Charles Mason

6147: Pareto-Efficient Tax Breaks

Sebastian Koehne and Dominik Sachs

6146: Using Fees to Reduce Bed-Blocking: A Game between Hospitals and Care Providers

Snorre Kverndokk and Hans Olav Melberg

6145: Do Natural Hazards Cause International Migration?

Jasmin Katrin Gröschl and Thomas Steinwachs

6144: Buffer-Stock Saving and Households' Response to Income Shocks

Giulio Fella, Serafin Frache and Winfried Koeniger

6143: The Output Costs of Hard and Soft Sovereign Default

Christoph Trebesch and Michael Zabel

6142: Offshoring and Job Polarisation between Firms

Hartmut Egger, Udo Kreickemeier, Christoph Moser and Jens Wrona

6141: Econometric Analysis of Production Networks with Dominant Units

Mohammad Pesaran and Cynthia Fan Yang

6140: Dial 911 for Murder: The Impact of Emergency Response Time on Homicides

Thomas Stratmann and David Chandler Thomas

6139: Do Mergers Among Multimarket Firms Create Value?

Sebastian Linde and Ralph Siebert

6138: Why Entrepreneurs Choose Risky R&D Projects - but still not risky enough

Erika Färnstrand Damsgaard, Per Hjertstrand, Pehr-Johan Norbäck, Lars Persson and Helder Vasconcelos

6137: How do Governments Fare about Redistribution? New Evidence on the Political Economy of Redistribution

Fabio Padovano, Francesco Scervini and Gilberto Turati

6136: Sri Lankan Households a Decade after the Indian Ocean Tsunami

Diana De Alwis and Ilan Noy

6135: Does the Expansion of Public Long-Term Care Funding Affect Savings Behaviour?

Joan Costa-i-Font and Cristina Vilaplana

6134: Export Decision under Risk

José De Sousa, Anne-Célia Disdier and Carl Gaigne

6133: The Effects of Student Composition on Teacher Turnover: Evidence from an Admission Reform

Krzysztof Karbownik

6132: Evaluating Policies to Implement the Paris Agreement: A Toolkit with Application to China

Ian Parry, Baoping Shang, Nate Vernon and Philippe Wingender

6131: The Emergence of the Global Fintech Market: Economic and Technological Determinants

Christian Haddad and Lars Hornuf

6130: Dynamic Entry in Vertically Differentiated Markets

Raphael Auer and Philip Sauré

6129: Internet and Voting in the Web 2.0 Era: Evidence from a Local Broadband Policy

Samuele Poy and Simone Schüller

6128: Household Vulnerability on the Frontline of Climate Change: The Pacific Atoll Nation of Tuvalu

Tauisi Taupo, Harold Cuffe and Ilan Noy

6127: Electoral Incentives and Firm Behavior: Evidence from U.S. Power Plant Pollution Abatement

Matthew Doyle, Corrado Di Maria, Ian Lange and Emiliya Lazarova

6126: Economic Analysis and Forecasting in the Global Economy and in Emerging and Developing Regions Including Africa: How Informative is the Ifo World Economic Survey (WES)?

Johanna Garnitz and Willi Leibfritz

6125: Fueling Conflict? (De)Escalation and Bilateral Aid

Richard Bluhm, Martin Gassebner, Sarah Langlotz and Paul Schaudt

6124: Thinking of Incentivizing Care? The Effect of Demand Subsidies on Informal Caregiving and Intergenerational Transfers

Joan Costa-i-Font, Sergi Jimenez-Martin and Cristina Vilaplana

6123: Reference Income Effects in the Determination of Equivalence Scales Using Income Satisfaction Data

Melanie Borah, Andreas Knabe and Carina Kuhställer

6122: College Curriculum, Diverging Selectivity, and Enrollment Expansion

Michael Kaganovich and Xuejuan Su

6121: Intelligence, Personality and Gains from Cooperation in Repeated Interactions

Eugenio Proto, Aldo Rustichini and Andis Sofianos

6120: Competition for Natural Resources and the Hold-Up Problem

Carsten Hefeker and Sebastian Kessing

6119: The Effects of School Integration: Evidence from a Randomized Desegregation Program

Peter Bergman

6118: Absorbing Shocks: National Rainy-Day Funds and Cross-Country Transfers in a Fiscal Union

Timothy Goodspeed

6117: The Measurement of Health Inequalities: Does Status Matter?

Joan Costa-i-Font and Frank Cowell

6116: Vocational vs. General Education and Employment over the Life-Cycle: New Evidence from PIAAC

Franziska Hampf and Ludger Woessmann

6115: The Effects of Size-Based Regulation on Small Firms: Evidence from VAT Threshold

Jarkko Harju, Tuomas Matikka and Timo Rauhanen

6114: Coping with Change: International Differences in the Returns to Skills

Eric A. Hanushek, Guido Schwerdt, Simon Wiederhold and Ludger Woessmann

6113: Forecastability and Statistical Characteristics of Aggregate Oil and Gas Investments on the Norwegian Continental Shelf

Sindre Lorentzen and Petter Osmundsen

6112: Is the Severity of the Penalty an Effective Deterrent? A Strategic Approach for the Crime of Tax Evasion

Bruno Chiarini and Elisabetta Marzano

6111: On the Economics and Politics of Refugee Migration

Christian Dustmann, Francesco Fasani, Tommaso Frattini, Luigi Minale and Uta Schönberg

6110: Student Earnings Expectations: Heterogeneity or Noise?

Luis Diaz-Serrano, Joop Hartog, William Nilsson, Hans van Ophem and Po Yang

6109: Trade and the Environment: New Methods, Measurements, and Results

Jevan Cherniwchan, Brian Copeland and M. Scott Taylor

6108: Asymmetric Discouragement in Asymmetric Contests

Christoph March and Marco Sahm

6107: Money Can't Buy EU Love: European Funds and the Brexit Referendum

Jan Fidrmuc, Martin Hulényi and Cigdem Tunali

6106: The Signaling Role of Charitable Contributions by Businesses: A Tax Policy Perspective

Tomer Blumkin, Yoram Margaliioth, Efraim Sadka and Adi Sharoni

6105: Testing Means-Tested Aid

Richard Murphy and Gill Wyness

6104: Wating Longer Before Claiming, and Activating Youth. No Point?

Bart Cockx and Eva Van Belle

6103: Nation Building: The Role of Central Spending in Education

Francesco Cinnirella and Ruth Maria Schüler

6102: Saving Alberta's Resource Revenues: Role of Intergenerational and Liquidity Funds

Ton van den Bremer and Frederick (Rick) van der Ploeg

6101: Technology Adoption in Education: Usage, Spillovers and Student Achievement

Peter Bergman

6100: A Theory of Crowdfunding - A Mechanism Design Approach with Demand Uncertainty and Moral Hazard

Roland Strausz

6099: The Misspecification of Expectations in New Keynesian Models: A DSGE-VAR Approach

Stephen Cole and Fabio Milani

6098: Investor Taxation, Firm Heterogeneity and Capital Structure Choice

Magdalena Haring, Rainer Niemann and Silke Rünger

6097: Do Politicians Reward Core Supporters? Evidence from a Discretionary Grant Program

Björn Kauder, Niklas Potrafke and Markus Reischmann

6096: Determinants of Financial Inclusion of Urban Poor in India: An Empirical Analysis

Dhananjay Bapat and Biswanath Bhattacharyay

6095: The Effects of Permanent Income Tax Cuts on Emigration from Israel

Tomer Blumkin, Yoram Margalioth and Michel Strawczynski

6094: Abatement Innovation in a Cournot Oligopoly: Emission versus Output Tax Incentives

Naoto Aoyama and Emilson C.D. Silva

6093: Early-life Circumstances Predict Measures of Trust among Adults: Evidence from Hunger Episodes in Post-War Germany

Maximiliane Hörl, Iris Kesternich, James P. Smith and Joachim Winter

6092: The Threat of Exclusion and Implicit Contracting

Martin Brown and Marta Serra-Garcia

6091: Health Care Expenditure and Income: A Global Perspective

Badi Baltagi, Raffaele Lagravinese, Francesco Moscone and Elisa Tosetti

6090: Understanding Firms' Inflation Expectations Using the Bank of Canada's Business Outlook Survey

Simon Richards and Matthieu Verstraete

6089: Nonlinear Tax Incidence and Optimal Taxation in General Equilibrium

Dominik Sachs, Aleh Tsyvinski and Nicolas Werquin

6088: Does Development Aid Increase Military Expenditure?

Sarah Langlotz and Niklas Potrafke

6087: Preferences for Truth-Telling

Johannes Abeler, Daniele Nosenzo and Collin Raymond

6086: Pro-Cyclical Petroleum Investments and Cost Overruns in Norway

Roy Dahl, Sindre Lorentzen, Atle Oglend and Petter Osmundsen

6085: Efficiency-Morality Trade-Offs in Repugnant Transactions: A Choice Experiment

Julio Elias, Nicola Lacetera and Mario Macis

6084: Gender Quotas: Challenging the Boards, Performance, and the Stock Market

Giulia Ferrari, Valeria Ferraro, Paola Profeta and Chiara Pronzato

6083: Disentangling Managerial Incentives from a Dynamic Perspective: The Role of Stock Grants

Amal Hili, Didier Laussel and Ngo Long

6082: The Short-Term Effects of School Consolidation on Student Achievement: Evidence of Disruption?

Louise Voldby Beuchert, Maria Knoth Humlum, Helena Skyt Nielsen, Nina Smith and Helena Skyt Nielsen

6081: Hurricanes? Let's Make a Move

Nekeisha Spencer and Mikhail-Ann Urquhart

6080: Quality and Gravity in International Trade

Lisandra Flach and Florian Unger

6079: Finance and Income Inequality: A Review and New Evidence

Jakob de Haan, Jan-Egbert Sturm and Jakob de Haan

6078: Does Long-Term Care Subsidisation Reduce Hospital Admissions?

Joan Costa-i-Font, Sergi Jimenez-Martin and Cristina Vilaplana

6077: The Political Economy of International Organizations

Axel Dreher and Valentin F. Lang

6076: The Returns to Elite College Education: A Quasi-Experimental Analysis

Massimo Anelli

6075: Coordinating Intergenerational Redistribution and the Repayment of Public Debt

Christoph March, Robert K. von Weizsäcker and Robert K. von Weizsäcker

6074: Does Pension Privatization Increase Economic Growth? Evidence from Latin America and Eastern Europe

Nikola Altiparmakov and Milan Nedeljkovic

6073: A Leverage Theory of Tying in Two-Sided Markets

Jay Choi and Doh-Shin Jeon

6072: Land Inequality, Education, and Marriage: Empirical Evidence from Nineteenth-Century Prussia

Francesco Cinnirella and Erik Hornung

6071: Does Federally-Funded Job Training Work? Non-experimental Estimates of WIA Training Impacts Using Longitudinal Data on Workers and Firms

Fredrik Andersson, Harry J. Holzer, Julia Lane, David Rosenblum and Jeffrey Smith

6070: Market Integration as a Mechanism of Growth

Wolfgang Keller and Carol H. Shiue

6069: The Impact of Technological Change on New Trade: Evidence from the Container Revolution

Daniel Bernhofen, Zouheir El-Sahli and Richard Kneller

6068: Hours Worked in Europe and the US: New Data, New Answers

Alexander Bick, Bettina Brüggemann and Nicola Fuchs-Schündeln

6067: Optimal Taxation under a Consumption Target

Junichi Minagawa and Thorsten Upmann

6066: Labor Market Sorting in Germany

Benjamin Lochner and Bastian Schulz

6065: When to Expect a Coup D'État? An Extreme Bounds Analysis of Coup Determinants

Martin Gassebner, Jerg Gutmann and Stefan Voigt

6064: Decentralized Leadership

Emilson C.D. Silva

6063: Effects of Fiscal Rules - 85 Years' Experience in Switzerland

Heiko Burret and Lars Feld

6062: Fiscal Federalism, Taxation and Grants

Martin Gonzalez-Eiras and Dirk Niepelt

6061: Beliefs and Utility: Experimental Evidence on Preferences for Information

Armin Falk and Florian Zimmermann

6060: Price Effects on Compound Commodities

Junichi Minagawa and Thorsten Upmann

6059: The Effect of Unconventional Fiscal Policy on Consumption Expenditure

Francesco D'Acunto, Daniel Hoang, Michael Weber and Michael Weber

6058: Ease vs. Noise: On the Conflicting Effects of Transportation Infrastructure

Gabriel Ahlfeldt, Volker Nitsch and Nicolai Wendland