CESifo Working Paper Series

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5557: Beyond Balassa and Samuelson: Real Convergence, Capital Flows, and Competitiveness in Greece

Ansgar Belke, Ulrich Haskamp, Gunther Schnabl and Holger Zemanek

5556: Hyperbolic Memory Discounting and the Political Business Cycle

T. Scott Findley

5555: Tax Competition and the Efficiency of "Benefit-Related" Business Taxes

Elisabeth Gugl and George Zodrow

5554: Sending the Pork Home: Birth Town Bias in Transfers to Italian Municipalities

Felipe Carozzi and Luca Repetto

5553: Going to Extremes: Politics after Financial Crises, 1870-2014

Manuel Funke, Moritz Schularick and Christoph Trebesch

5552: Structural Transformation, Marketization, and Household Production around the World

Benjamin Bridgman, Georg Duernecker and Berthold Herrendorf

5551: Macro News and Commodity Returns

Guglielmo Maria Caporale, Fabio Spagnolo and Nicola Spagnolo

5550: The Pass-Through of Exchange Rate in the Context of the European Sovereign Debt Crisis

Nidhaleddine Ben Cheikh and Christophe Rault

5549: Offshoring and Skill-upgrading in French Manufacturing: A Heckscher-Ohlin-Melitz View

Juan Carluccio, Alejandro Cunat, Harald Fadinger and Christian Fons-Rosen

5548: Technological Transfers in Global Climate Policy

Wolfgang Buchholz, Lisa Dippl and Michael Eichenseer

5547: The Bounty of the Sea and Long-Run Development

Carl-Johan Dalgaard, Anne Sofie B. Knudsen and Pablo Selaya

5546: Direct Evidence for Income Comparisons and Subjective Well-Being across Reference Groups

Laszlo Goerke and Markus Pannenberg

5545: Does the Field of Study Influence Students' Political Attitudes?

Mira Fischer, Björn Kauder, Niklas Potrafke and Heinrich Ursprung

5544: What Drives Home Market Advantage?

A. Kerem Coşar, Paul L. E. Grieco, Shengyu Li and Felix Tintelnot

5543: Policy Innovations, Political Preferences, and Cartel Prosecutions

Vivek Ghosal and D. Daniel Sokol

5542: More Effort with Less Pay: On Information Avoidance, Belief Design and Performance

Steffen Huck, Nora Szech and Lukas M. Wenner

5541: Robust Bond Risk Premia

Michael Bauer and James D. Hamilton

5540: Lifting the Iron Curtain: School-age Education and Entrepreneurial Intentions

Oliver Falck, Robert Gold and Stephan Heblich

5539: The Ponds Dilemma

John Morgan, Dana Sisak and Felix Vardy

5538: Modeling Uncertainty in Climate Change: A Multi-Model Comparison

Kenneth Gillingham, William Nordhaus, David Anthoff, Geoffrey Blanford, Valentina Bosetti, Peter Christensen, Haewon McJeon, John Reilly and Paul Sztorc

5537: Racial Discrimination in Local Public Services: A Field Experiment in the US

Corrado Giulietti, Mirco Tonin and Michael Vlassopoulos

5536: A Model of Patent Trolls

Jay Choi and Heiko Gerlach

5535: On the Roles of Different Foreign Currencies in European Bank Lending

Signe Krogstrup and Cédric Tille

5534: Local Favoritism in At-large Proportional Representation Systems

Jon Fiva and Askill Halse

5533: Time Preferences, Study Effort, and Academic Performance

Arjan Non and Dirk Tempelaar

5532: The Effect of Language on Economic Behavior: Experimental Evidence from Children's Intertemporal Choices

Matthias Sutter, Silvia Angerer, Daniela Glätzle-Rützler and Philipp Lergetporer

5531: Estimating VAT Pass Through

Dora Benedek, Ruud de Mooij, Michael Keen and Philippe Wingender

5530: A Concise Bibliography of Language Economics

Michele Gazzola, Grin François and Bengt-Arne Wickström

5529: Explaining the Body Mass Index Gaps between Turkish Immigrants and Germans in West Germany 2002-2012: A Decomposition Analysis of Socio-economic Causes

Rui Dang

5528: Petty Corruption and Citizen Reports

Charles Angelucci and Antonio Russo

5527: Diversification, Risk Aversion and Expectation in a Holdout Scenario

Wolfgang Eggert, Maximilian Stephan, Janine Temme and Handirk von Ungern-Sternberg

5526: Gender Quotas, Competitions, and Peer Review: Experimental Evidence on the Backlash Against Women

Andreas Leibbrandt, Liang Wang and Cordelia Foo

5525: Institutions, Shared Guilt, and Moral Transgression

Dominik Rothenhäusler, Nikolaus Schweizer and Nora Szech

5524: No Place Like Home? Graduate Migration in Germany

Tina Haussen and Silke Uebelmesser

5523: Linkages between the US and European Stock Markets: A Fractional Cointegration Approach

Guglielmo Maria Caporale, Luis Gil-Alana and C. James Orlando

5522: Globalization, Inequality, and Redistribution: Theory and Evidence

Giray Gözgör and Priya Ranjan

5521: Do Banks Pass Through Credit Expansions? The Marginal Profitability of Consumer Lending During the Great Recession

Sumit Agarwal, Souphala Chomsisengphet, Neale Mahoney, Strö and Johannes Bel

5520: Litigation and the Timing of Settlement: Evidence from Commercial Disputes

Peter Grajzl and Katarina Zajc

5519: External Debt and International Trade: Another Mismatch

Eiji Fujii

5518: Behavioral Responses to Local Tax Rates: Quasi-Experimental Evidence from a Foreigners' Tax Scheme in Switzerland

Kurt Schmidheiny and Michaela Slotwinski

5517: Top Incomes, Rising Inequality, and Welfare

Kevin Lansing and Agnieszka Markiewicz

5516: Earmarking and the Political Support of Fat Taxes

Helmuth Cremer, Catarina Goulão and Kerstin Roeder

5515: Aid and Growth. New Evidence Using an Excludable Instrument

Axel Dreher and Sarah Langlotz

5514: The Efficiency of Educational Production: A Comparison of the Nordic Countries with other OECD Countries

Peter Bogetoft, Eskil Heinesen and Torben Tranaes

5513: Analyzing Systemic Risk in the Chinese Banking System

Qiubin Huang, Jakob de Haan, Bert Scholtens and Jakob de Haan

5512: Supermajorities and Political Rent Extraction

Björn Kauder and Niklas Potrafke

5511: How Can a Country 'Graduate' from Procyclical Fiscal Policy? Evidence from China

Clemens Fuest and Jing Xing

5510: On the Composition of Public Spending and Taxes

George Economides, Hyun Park, Apostolis Philippopoulos and Stelios Sakkas

5509: Decision Initiation, Decision Implementation, and the Allocation of Decision Rights

Randolph Sloof and Ferdinand von Siemens

5508: Vote Buying or (Political) Business (Cycles) as Usual?

Toke Aidt, Zareh Asatryan, Lusine Badalyan and Friedrich Heinemann

5507: Monitoring, Cross Subsidies, and Universal Banking

Jay Choi and Christodoulos Stefanadis

5506: Workforce Location and Equilibrium Unemployment in a Duocentric Economy with Matching Frictions

Etienne Lehmann, Paola Liliana Montero Ledezma and Bruno Van der Linden

5505: Political Institutions and Government Spending Behavior: Theory and Evidence from Iran

Sajjad Faraji Dizaji, Mohammad Reza Farzanegan and Alireza Naghavi

5504: Competition and Innovation in Automobile Markets

Vivek Ghosal and Jiayao Ni

5503: Banking and Industrialization

Stephan Heblich and Alex Trew

5502: Convenient Flight Connections vs. Airport Congestion - Modeling the 'Rolling Hub'

Jan Brueckner and Ming Hsin Lin

5501: Revenues and Welfare in Auctions with Information Release

Nikolaus Schweizer and Nora Szech

5500: Tax vs. Regulation Policy and the Location of Financial Sector FDI

Julia Merz, Michael Overesch and Georg Wamser

5499: Nineteenth Century Weight in the United States: Revaluating Net Nutrition during Economic Development

Scott A. Carson

5498: Wealth Inequality and Homeownership in Europe

Leo Kaas, Georgi Kocharkov and Edgar Preugschat

5497: Tax Evasion and Economic Crime. Empirical Evidence for Italy

Amedeo Argentiero, Bruno Chiarini and Elisabetta Marzano

5496: Do Boys and Girls Use Computers Differently, and Does it Contribute to why Boys Do Worse in School than Girls?

Robert Fairlie

5495: Health Insurance Coverage and Risky Health Behaviors Among Young Adults

Barış Yörük

5494: Wage Posting as a Positive Selection Device: Theory and Empirical Evidence

Hermann Gartner and Christian Holzner

5493: From Local to Global: External Validity in a Fertility Natural Experiment

Rajeev Dehejia, Cristian Pop-Eleches and Cyrus Samii

5492: Recent Trends in Co-Authorship in Economics: Evidence from RePEc

Katharina Rath and Klaus Wohlrabe

5491: Language Rights - A Welfare-Economics Approach

Bengt-Arne Wickström

5490: Net Foreign Asset Positions and Appreciation Expectations on the Swiss Franc and the Japanese Yen

Sophia Latsos and Gunther Schnabl

5489: Leveraged Bubbles

Oscar Jorda, Moritz Schularick and Alan Taylor

5488: Heterogeneous Economic Integration Agreement Effects

Scott Baier, Jeffrey Bergstrand and Matthew Clance

5487: Pareto Improving Climate Policies: Distributing the Benefits across Generations and Regions

Michael Hoel, Sverre Kittelsen and Snorre Kverndokk

5486: The Nature of Conflict

Cemal Eren Arbatli, Quamrul Ashraf and Oded Galor

5485: The Complementary between Technology and Human Capital in the Early Phase of Industrialization

Raphael Franck and Oded Galor

5484: Why is Measured Productivity so Low in Agriculture?

Berthold Herrendorf and Todd Schoellman

5483: Collective versus Decentralized Wage Bargaining and the Efficient Allocation of Resources

Xiaoming Cai, Pieter Gautier and Makoto Watanabe

5482: Carbon Tax Burdens on Low-Income Households: A Reason for Delaying Climate Policy?

Ian Parry

5481: Trade, Factor Mobility and the Extent of Economic Integration: Theory and Evidence

Irena Mikolajun and Jean-Marie Viaene

5480: Why Academic Quality in Higher Education Declines

Volker Meier and Ioana Cosmina Schiopu

5479: The Taxation of Superstars

Florian Scheuer and Iván Werning

5478: Fuel Efficiency Improvements - Feedback Mechanisms and Distributional Effects in the Oil Market

Finn Roar Aune, Ann Christin Bøeng, Snorre Kverndokk, Lars Lindholt and Knut Einar Rosendahl

5477: The Employment Effect of Reforming a Public Employment Agency

Andrey Launov and Klaus Wälde

5476: Estimating Equilibrium Effects of Job Search Assistance

Pieter Gautier, Paul Muller, Bas van der Klaauw, Michael Rosholm and Michael Svarer

5475: On the Allocation of Time - A Quantitative Analysis of the U.S. and France

Georg Duernecker and Berthold Herrendorf

5474: Efficiency and Labor Market Dynamics in a Model of Labor Selection

Sanjay Chugh and Christian Merkl

5473: Is Optimal Monetary Policy Always Optimal?

Troy Davig and Refet Gürkaynak

5472: Input Trade Liberalisation and Wage-inequality with Non-traded Goods

Soumyatanu Mukherjee

5471: On the Cyclicity of Regional House Prices: New Evidence for U.S. Metropolitan Statistical Areas

Michael Flor and Torben Klarl

5470: Africa's Skill Tragedy: Does Teachers' Lack of Knowledge Lead to Low Student Performance?

Jan Bietenbeck, Marc Piopiunik and Simon Wiederhold

5469: Price Regulation and Parallel Imports of Pharmaceuticals

Kurt Brekke, Tor Helge Holmås and Odd Rune Straume

5468: Measuring Uncertainty of a Combined Forecast and Some Tests for Forecaster Heterogeneity

Kajal Lahiri, Huaming Peng and Xuguang Sheng

5467: Net Neutrality and Internet Fragmentation: The Role of Online Advertising

Anna D'Annunzio and Antonio Russo

5466: Exploring the Dark Side of Tax Policy: An Analysis of the Interactions between Fiscal Illusion and the Shadow Economy

Andreas Buehn, Roberto Dell'Anno and Friedrich Schneider

5465: A Model of Rush-Hour Traffic in an Isotropic Downtown Area

Richard Arnott, Anatolii Kokoza and Mehdi Naji

5464: Closed-Form Integrated Assessment and Uncertainty

Christian Traeger

5463: The Cost of Well-being

Anna Pettini, Vincenzo Patrizii and Giuliano Resce

5462: Relational Incentive Contracts with Persistent Private Information

James Malcomson

5461: The Limits of Lending: Banks and Technology Adoption across Russia

Çağatay Bircan and Ralph De Haas

5460: Atlantic versus Pacific Agreement in Agri-food Sectors: Does the Winner Take it All?

Anne-Célia Disdier, Charlotte Emlinger and Jean Fouré

5459: Mitigating Carbon Leakage: Combining Output-Based Rebating with a Consumption Tax

Christoph Böhringer, Knut Einar Rosendahl and Halvor Briseid Storrøsten

5458: What if Firms Could Borrow More? Evidence from a Natural Experiment

James Brown, Gustav Martinsson and Christian Thomann