CESifo Working Paper Series

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5193: Incentives to Work and Performance in the Public Sector

George Economides, Apostolis Philippopoulos and Petros Varthalitis

5192: Optimal Pensions in Aging Economies

Burkhard Heer

5191: Globalization, Jobs, and Welfare: The Roles of Social Protection and Redistribution

Priya Ranjan

5190: Is Medicines Parallel Trade ‘Regulatory Arbitrage’?

Joan Costa-i-Font

5189: Accuracy and Efficiency of Various GMM Inference Techniques in Dynamic Micro Panel Data Models

Jan Kiviet, Milan Pleus and Rutger Poldermans

5188: The Economics of Temporary Migrations

Christian Dustmann and Joseph-Simon Görlach

5187: Resolving the Spanning Puzzle in Macro-Finance Term Structure Models

Michael Bauer and Glenn Rudebusch

5186: Speed 2.0 - Evaluating Access to Universal Digital Highways

Gabriel Ahlfeldt, Pantelis Koutroumpis and Tommaso Valletti

5185: Do Family Values Shape the Pace of Return to Work after Childbirth?

Mireia Borrell-Porta

5184: Global Sourcing of Heterogeneous Firms: Theory and Evidence

Wilhelm Kohler and Marcel Smolka

5183: Music in the Air: Estimating the Social Return to Cultural Amenities

Oliver Falck, Michael Fritsch, Stephan Heblich and Anne Otto

5182: Bank Networks: Contagion, Systemic Risk and Prudential Policy

Iñaki Aldasoro, Domenico Delli Gatti and Ester Faia

5181: Voluntary Public Unemployment Insurance

Donald Parsons, Torben Tranaes and Helene Lilleør

5180: European Integration and the Feldstein-Horioka Puzzle

Margarita Katsimi and Gylfi Zoega

5179: Suicide Attacks and Religious Cleavages

Andra Filote, Niklas Potrafke and Heinrich Ursprung

5178: How Institutions Shape Land Deals: The Role of Corruption

Matthias Bujko, Christian Fischer, Tim Krieger and Daniel Meierrieks

5177: Self-preserving Leviathans - Evidence from Regional-level Data

Jan Kluge, Gunther Markwardt and Christian Thater

5176: Export Market Risk and the Role of State Credit Guarantees

Inga Heiland and Erdal Yalcin

5175: A Non-linear Forecast Combination Procedure for Binary Outcomes

Kajal Lahiri and Liu Yang

5174: Moral Self-Licensing and the Direct Touch Effect

Markus Sass and Joachim Weimann

5173: On the Perils of Stabilizing Prices when Agents are Learning

Antonio Mele, Krisztina Molnar and Sergio Santoro

5172: Exit Dynamics of Start-up Firms: Does Profit Matter?

Rolf Golombek and Arvid Raknerud

5171: Determining the Success of Carbon Capture and Storage Projects

Dominique Thronicker and Ian Lange

5170: International Credit Flows and Pecuniary Externalities

Markus Brunnermeier and Yuliy Sannikov

5169: Income Inequality, Capitalism and Ethno-Linguistic Fractionalization

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

5168: Reciprocity in Organisations - Evidence from the WERS

Florian Englmaier, Thomas Kolaska and Stephen Leider

5167: Collusive Tax Evasion and Social Norms

Martin Abraham, Kerstin Lorek, Friedemann Richter and Matthias Wrede

5166: Pharmaceutical Innovation, Longevity, and Medical Expenditure in Greece, 1995-2010

Frank Lichtenberg

5165: A Theory of Income Taxation under Multidimensional Skill Heterogeneity

Casey Rothschild and Florian Scheuer

5164: Consistent Estimation of Linear Panel Data Models with Measurement Error

Erik Meijer, Laura Spierdijk and Tom J. Wansbeek

5163: Has the Eurozone Become Less Fragile? Some Empirical Tests

Paul De Grauwe and Yuemei Ji

5162: Reputational Herding in Financial Markets: A Laboratory Experiment

Andreas Roider and Andrea Voskort

5161: Climate Policy Enhances Efficiency: A Macroeconomic Portfolio Effect

Jan Siegmeier, Linus Mattauch and Ottmar Edenhofer

5160: Selection in Tournaments: The Case of Chess Players

Laurent Linnemer and Michael Visser

5159: Labor Mobility and Fiscal Policy in a Currency Union

Angelo Baglioni, Andrea Boitani and Massimo Bordignon

5158: Collective Choice and Individual Action: Education Policy and Social Mobility in England

Colin Jennings

5157: The Taxation of Bilateral Trade with Endogenous Information

Tri Vi Dang and Florian Morath

5156: Are Public Sector Workers Different? Cross-European Evidence from Elderly Workers and Retirees

Mirco Tonin and Michael Vlassopoulos

5155: Long Term Care Partnerships: Are they 'Fit for Purpose'?

Savannah Bergquist, Joan Costa-i-Font and Katherine Swartz

5154: Size Matters - "Over"investments in a Relational Contracting Setting

Florian Englmaier and Matthias Fahn

5153: Competition for FDI and Profit Shifting

Jie Ma and Pascalis Raimondos

5152: Optimal Taxation under Regional Inequality

Sebastian Kessing, Vilen Lipatov and Jens Malte Zoubek

5151: Transatlantic Free Trade: The View Point of Germany

Gabriel Felbermayr, Rahel Aichele and Gabriel J. Felbermayr

5150: Going Deep: The Trade and Welfare Effects of TTIP

Rahel Aichele, Gabriel Felbermayr, Inga Heiland and Gabriel J. Felbermayr

5149: Green Tradable Certificates versus Feed-in Tariffs in the Promotion of Renewable Energy Shares

Till Requate

5148: Using Degree Days to Value Farmland

Emanuele Massetti, Robert Mendelsohn and Shun Chonabayashi

5147: Betting the House

Oscar Jorda, Moritz Schularick and Alan Taylor

5146: Austerity

Harris Dellas and Dirk Niepelt

5145: Regional Economic Forecasting: State-of-the-Art Methodology and Future Challenge

Robert Lehmann and Klaus Wohlrabe

5144: On the Process of Scientific Policy Advice - With Special Reference to Economic Policy

Gebhard Kirchgässner

5143: Fair Intergenerational Utilitarianism: Risk, its Resolution over Time, and Discounting

Paolo Giovanni Piacquadio

5142: Hidden Protectionism? Evidence from Non-tariff Barriers to Trade in the United States

Robert Grundke and Christoph Moser

5141: Education, Disappointment and Optimal Policy

Dan Anderberg and Claudia Cerrone

5140: I Spy with my Little Eye... a Banking Crisis - Early Warnings and Incentive Schemes in Banks

Hendrik Hakenes and Friederike Schlegel

5139: Inter-temporal R&D and Capital Investment Portfolios for the Electricity Industry's Low Carbon Future

Nidhi R. Santen, Mort D. Webster, David Popp and Ignacio Pérez-Arriaga

5138: Optimal Income Taxation with Asset Accumulation

Arpad Abraham, Sebastian Koehne and Nicola Pavoni

5137: Group Contests with Internal Conflict and Power Asymmetry

Jay Choi, Subhasish Chowdhury and Jaesoo Kim

5136: Market Access and Welfare: Is there a Conflict?

Pascalis Raimondos and Alan Woodland

5135: Racial Group Affinity and Religious Giving: Evidence from Congregation-Level Panel Data

Valentina Dimitrova-Grajzl, Peter Grajzl, A. Joseph Guse and J. Taylor Smith

5134: Reason, Intuition, and Time

Marco Sahm, Robert K. von Weizsäcker and Robert K. von Weizsäcker

5133: Demographic Transition and Political Stability: Does Corruption Matter?

Mohammad Reza Farzanegan and Stefan Witthuhn

5132: Knocking on Tax Haven's Door: Multinational Firms and Transfer Pricing

Ronald Davies, Julien Martin, Mathieu Parenti and Farid Toubal

5131: Teamwork as a Self-Disciplining Device

Matthias Fahn and Hendrik Hakenes

5130: Income Shifting under Losses

Arnt Ove Hopland, Petro Lisowsky, Mohammed Mardan and Dirk Schindler

5129: Taking the Lord's Name in Vain: The Impact of Connected Directors on 19th Century British Banks

Richard Grossman and Masami Imai

5128: Designing Fiscal Policy to Address the External Costs of Energy

Ian Parry

5127: A Theory of Wage Adjustment under Loss Aversion

Steffen Ahrens, Inske Pirschel and Dennis Snower

5126: Essential Inputs and Unbounded Output: An Alternative Characterization of the Neoclassical Production Function

Andreas Irmen and Alfred Maussner

5125: Public Debt and Total Factor Productivity

Leo Kaas

5124: A Look Upstream: Electricity Market Restructuring, Risk, Procurement Contracts and Efficiency

Corrado Di Maria, Ian Lange and Emiliya Lazarova

5123: The Structural Behavior of China-US Trade Flows

Yin-Wong Cheung, Menzie Chinn and Xingwang Qian

5122: Trade and Tasks: An Exploration over Three Decades in Germany

Sascha Becker, Marc-Andreas Muendler and Sascha O. Becker

5121: The Economics of Bitcoins - Market Characteristics and Price Jumps

Marc Gronwald

5120: The Value of Smarter Teachers: International Evidence on Teacher Cognitive Skills and Student Performance

Eric Hanushek, Marc Piopiunik and Simon Wiederhold

5119: Empirical Evidence on the Effectiveness of Social Public Procurement Policy: The Case of the Swiss Apprenticeship Training System

Mirjam Strupler Leiser and Stefan Wolter

5118: Defaults and Donations: Evidence from a Field Experiment

Steffen Altmann, Armin Falk, Paul Heidhues and Rajshri Jayaraman

5117: Carry Funding and Safe Haven Currencies: A Threshold Regression Approach

Oliver Hossfeld and Ronald MacDonald

5116: When is Voting Optimal?

Ruth Ben-Yashar and Leif Danziger

5115: Inequality, Opting-out and Public Education Funding

Calin Arcalean and Ioana Schiopu

5114: Firm-level Productivity Spillovers in China's Chemical Industry: A Spatial Hausman-Taylor Approach

Badi Baltagi, Peter Egger and Michaela Kesina

5113: Gatekeeping versus Monitoring: Evidence from a Case with Extended Self-Reporting of Sickness Absence

Gaute Torsvik and Kjell Vaage

5112: Democratic Redistribution and Rule of the Majority

Giacomo Corneo and Frank Neher

5111: Former Foreign Affiliates: Cast Out and Outperformed?

Beata Javorcik and Steven Poelhekke

5110: Beyond Non-Satiation: Needs and Requirements

Anna Pettini

5109: Measuring Immigration Policies: Preliminary Evidence from IMPALA

Michel Beine, Brian Burgoon, Mary Crock, Justin Gest, Michael Hiscox, Patrick McGovern, Hillel Rapoport and Eiko Thielemann

5108: What kind of Corporation Tax Regime?

Sijbren Cnossen

5107: Wage Indexation and the Monetary Policy Regime

Selien De Schryder, Gert Peersman and Joris Wauters

5106: Universal Basic Income versus Unemployment Insurance

Alice Fabre, Stephane Pallage and Christian Zimmermann

5105: Climate Policies in a Fossil Fuel Producing Country - Demand Versus Supply Side Policies

Taran Fæhn, Cathrine Hagem, Lars Lindholt, Ståle Mæland and Knut Einar Rosendahl

5104: Financing Long-Term Care: Ex-ante, Ex-post or Both?

Joan Costa-i-Font, Christophe Courbage and Katherine Swartz

5103: Non-Parametric Preprocessing for the Estimation of Equivalence Scales

Christian Dudel, Jan Marvin Garbuszus, Notburga Ott and Martin Werding

5102: Mobilizing VAT Revenues in African Countries

Sijbren Cnossen

5101: Taxation and the Optimal Constraint on Corporate Debt Finance

Peter Birch Sørensen

5100: A Multi-Country Approach to Forecasting Output Growth Using PMIs

Alexander Chudik, Valerie Grossman and Mohammad Pesaran

5099: Happiness of Economists

Lars Feld, Sarah Necker and Bruno Frey

5098: Capital Taxation under Political Constraints

Florian Scheuer and Alexander Wolitzky

5097: Multiple Objectives and Central Bank Tradeoffs under Flexible Inflation Targeting

Carl Walsh

5096: Trade and Unions: Can Exporters Benefit from Collective Bargaining?

Stella Capuano, Andreas Hauptmann and Hans-Joerg Schmerer

5095: Diversification, Dutch Disease, and Economic Growth: Options for Uganda

Thorvaldur Gylfason and Jean-Pascal Nganou

5094: Game Form Misconceptions Do Not Explain the Endowment Effect

Björn Bartling, Florian Engl and Roberto Weber