CESifo Working Paper Series

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3856: Lifetime versus Annual Tax Progressivity: Sweden, 1968-2009

Niklas Bengtsson, Bertil Holmlund and Daniel Waldenström

3855: Carbon Prices for the Next Thousand Years

Reyer Gerlagh and Matti Liski

3854: The Economics of Political Borders

Enrico Spolaore

3853: Nominal and Real Exchange Rate Models in South Africa: How Robust are they?

Balázs Égert

3852: Green Hypocrisy?: Environmental Attitudes and Residential Space Heating Expenditure

Laura Traynor, Ian Lange and Mirko Moro

3851: Public Sector Employees: Risk Averse and Altruistic?

Margaretha Buurman, Josse Delfgaauw, Robert Dur and Seth Van den Bossche

3850: Robust Standard Errors in Transformed Likelihood Estimation of Dynamic Panel Data Models

Kazuhiko Hayakawa and Mohammad Pesaran

3849: Financing Higher Education in a Mobile World

Gabrielle Demange, Robert Fenge and Silke Uebelmesser

3848: The Determinants of International Mobility of Students

Michel Beine, Romain Noël and Lionel Ragot

3847: U.S. Multinationals and Preferential Market Access

Emily Blanchard and Xenia Matschke

3846: Trade and the Environment: The Role of Firm Heterogeneity

Udo Kreickemeier and Philipp Richter

3845: The Eurozone Needs Exit Rules

Christian Fahrholz and Cezary Wójcik

3844: Announcing is Bad, Delaying is Worse: Another Pitfall in Well-Intended Climate Policy

Darko Jus and Volker Meier

3843: Long-Term Care Policy, Myopia and Redistribution

Helmuth Cremer and Kerstin Roeder

3842: Why Do People Dislike Low-Wage Trade Competition with Posted Workers in the Service Sector?

Lars Calmfors, Girts Dimdins, Marie Gustafsson Sendén, Henry Montgomery and Ulrika Stavlöt

3841: Green Havens and Pollution Havens

Steven Poelhekke and Frederick (Rick) van der Ploeg

3840: Adaptation, Anticipation-Bias and Optimal Income Taxation

Thomas Aronsson and Ronnie Schöb

3839: Testing Uncovered Interest Rate Parity Using LIBOR

Muhammad Omer, Jakob de Haan, Bert Scholtens and Jakob de Haan

3838: Investment and Financing Strategy of a Multinational Enterprise under Alternative Tax Designs

Marcel Gerard and Savina Princen

3837: How Deep are the Roots of Economic Development?

Enrico Spolaore and Romain Wacziarg

3836: Do Better Capitalized Banks Lend Less? Long-Run Panel Evidence from Germany

Claudia Buch and Esteban Prieto

3835: Donating Time or Money: Are they Substitutes or Complements?

Bastian Hartmann and Martin Werding

3834: The Role of Carbon Capture and Sequestration Policies for Climate Change Mitigation

Matthias Kalkuhl, Ottmar Edenhofer and Kai Lessmann

3833: Trapped at Home: The Effect of Mothers' Temporary Labor Market Exits on their Subsequent Work Career

Nina Drange and Mari Rege

3832: Endogenous Growth, the Distribution of Wealth, and Optimal Policy under Incomplete Markets and Idiosyncratic Risk

Christiane Clemens and Maik Heinemann

3831: Differential Prize Taxation and Structural Discrimination in Contests

Yosef Mealem and Shmuel Nitzan

3830: Expectations as Reference Points: Field Evidence from Experienced Subjects in a Competitive, High-Stakes Environment

Björn Bartling, Leif Brandes and Daniel Schunk

3829: Should we be Worried about the Green Paradox? Announcement Effects of the Acid Rain Program

Corrado Di Maria, Ian Lange and Edwin van der Werf

3828: Quick Job Entry or Long-Term Human Capital Development? The Dynamic Effects of Alternative Training Schemes

Aderonke Osikominu

3827: E-Lections: Voting Behavior and the Internet

Oliver Falck, Robert Gold and Stephan Heblich

3826: Social Relations and Relational Incentives

Robert Dur and Jan Tichem

3825: Overeducation at the Start of the Career - Stepping Stone or Trap?

Stijn Baert, Bart Cockx and Dieter Verhaest

3824: The Nature of Financial and Real Business Cycles: The Great Moderation and Banking Sector Pro-Cyclicality

Balázs Égert and Douglas Sutherland

3823: On the Organizational Structure of Multinational Firms - Which Sourcing Mode for which Input?

Verena Nowak, Christian Schwarz and Jens Suedekum

3822: Effective Labor Taxation and the International Location of Headquarters

Peter Egger, Doina Radulescu, Nora Strecker and Doina Maria Radulescu

3821: Self-Fulfilling Crises in the Eurozone. An Empirical Test

Paul De Grauwe and Yuemei Ji

3820: International Tax Competition: Zero Tax Rate at the Top Re-established

Tomer Blumkin, Efraim Sadka and Yotam Shem-Tov

3819: Benefits and Challenges of Integrating South and Southeast Asia

Biswanath Bhattacharyay

3818: Natural Resources, Volatility, and Inclusive Growth: Perspectives from the Middle East and North Africa

Rabah Arezki and Mustapha K. Nabli

3817: Great Expectations and Hard Times - The (Nontrivial) Impact of Education on Domestic Terrorism

Sarah Brockhoff, Tim Krieger and Daniel Meierrieks

3816: Why We Should Use High Values for the Smoothing Parameter of the Hodrick-Prescott Filter

Gebhard Flaig

3815: Bounds of Unfair Inequality of Opportunity: Theory and Evidence for Germany and the US

Judith Niehues and Andreas Peichl

3814: The Timing of Retirement - New Evidence from Swiss Female Workers

Barbara Hanel and Regina Riphahn

3813: Dutch Disease and the Mitigation Effect of Migration: Evidence from Canadian Provinces

Michel Beine, Serge Coulombe and Wessel Vermeulen

3812: The Sustainability of Fiscal Policy in Italy: A Long-Term Perspective

Silvana Bartoletto, Bruno Chiarini and Elisabetta Marzano

3811: The Influence of Special Interests and Party Activists on Electoral Competition

Nicolas-Guillaume Martineau

3810: A Market for Connections

Topi Miettinen and Panu Poutvaara

3809: Incomplete Specialization and Offshoring across Europe

Richard Frensch, Jan Hanousek and Evžen Kočenda

3808: The Tradeoff Between Redistribution and Effort: Evidence from the Field and from the Lab

Claudia Buch and Christoph Engel

3807: Nineteenth Century Biological Conditions on the High Central Plains

Scott A. Carson

3806: Cross-Border and Foreign-Affiliate Sales of Services: Evidence from German Micro-Data

Markus Kelle, Joern Kleinert, Horst Raff and Farid Toubal

3805: Employment Protection and Fertility: Evidence from the 1990 Italian Reform

Ervin Prifti and Daniela Vuri

3804: Extremism Drives Out Moderation

Bettina Klose and Dan Kovenock

3803: Wages, Rents, Unemployment, and the Quality of Life

Matthias Wrede

3802: Do Medical Doctors Respond to Economic Incentives?

Leif Andreassen, Maria Di Tommaso and Steinar Strøm

3801: The Impact of Changes in Second Pension Pillars on Public Finances in Central and Eastern Europe

Balázs Égert

3800: Testing Weak Cross-Sectional Dependence in Large Panels

Mohammad Pesaran

3799: Wage and Employment Determination in Volatile Times: Sweden 1913-1939

Bertil Holmlund

3798: Gender Power, Fertility, and Family Policy

Alexander Kemnitz and Marcel Thum

3797: Exchange Rate Misalignment - The Case of the Chinese Renminbi

Yin-Wong Cheung

3796: Is Recipiency of Disability Pension Hereditary?

Espen Bratberg, Øivind Nilsen and Kjell Vaage

3795: What Moves the European Carbon Market? - Insights from Conditional Jump Models

Marc Gronwald and Janina Ketterer

3794: "Interest Rate Trap", or: Why Does the Central Bank Keep the Policy Rate too Low for too Long Time?

Jin Cao and Gerhard Illing

3793: Once Upon a Time Preference - How Rationality and Risk Aversion Change the Rationale for Discounting

Christian Traeger

3792: Politics, Unemployment, and the Enforcement of Immigration Law

Michael Makowsky and Thomas Stratmann

3791: Earnings Shocks and Tax-Motivated Income-Shifting: Evidence from European Multinationals

Dhammika Dharmapala and Nadine Riedel

3790: Sweden - from Macroeconomic Failure to Macroeconomic Success

Lars Calmfors

3789: Looking Back on Anger: Explaining the Social Origins of Left-Wing and Nationalist-Separatist Terrorism in Western Europe, 1970-2007

Sarah Brockhoff, Tim Krieger and Daniel Meierrieks

3788: How a Firm Can Induce Legislators to Adopt a Bad Policy

Matthias Dahm, Robert Dur and Amihai Glazer

3787: Interpreting How Others Interpret It: Social Value of Public Information

Alia Gizatulina

3786: Repeated Selection with Heterogenous Individuals and Relative Age Effects

Herbert Dawid and Gerd Muehlheusser

3785: The Relationship between Economic Preferences and Psychological Personality Measures

Anke Becker, Thomas Deckers, Thomas Dohmen, Armin Falk and Fabian Kosse

3784: Liquidity Constraints, Household Wealth, and Entrepreneurship Revisited

Robert Fairlie and Harry Krashinsky

3783: Food Prices and the Multiplier Effect of Export Policy

Paolo Giordani, Nadia Rocha and Michele Ruta

3782: First Impressions Matter: Signalling as a Source of Policy Dynamics

Stephen Hansen and Michael McMahon

3781: Promotion Rat Race and Public Policy

Geir Bjertnaes

3780: An Empirical Growth Model for Major Oil Exporters

Hadi Esfahani, Kamiar Mohaddes and Mohammad Pesaran

3779: Optimal Redistributive Taxation with both Labor Supply and Labor Demand Responses

Laurence Jacquet, Etienne Lehmann and Bruno Van der Linden

3778: International Trade in Natural Resources: Practice and Policy

Michele Ruta and Anthony Venables

3777: Fiscal Policy Reaction to the Cycle in the OECD: Pro- or Counter-Cyclical?

Balázs Égert

3776: Taxing Childcare: Effects on Family Labor Supply and Children

Christina Gathmann and Björn Sass

3775: Global Gains from Trade Liberalization

Haichao Fan, Edwin Lai and Han Steffan Qi

3774: Family Taxation, Fertility, and Horizontal Equity: A Political Economy Perspective

Alessandro Balestrino

3773: Last Minute Policies and the Incumbency Advantage

Elena Manzoni and Stefan P. Penczynski

3772: What Happens to the Husband's Retirement Decision when the Wife's Retirement Incentives Change?

Håkan Selin

3771: The Role of Salience in Performance Schemes: Evidence from a Field Experiment

Florian Englmaier, Andreas Roider and Uwe Sunde

3770: From Collapse to Constitution: The Case of Iceland

Thorvaldur Gylfason

3769: Preliminary References - Analyzing the Determinants that Made the ECJ the Powerful Court it Is

Lars Hornuf and Stefan Voigt

3768: When is Ambiguity-Attitude Constant?

Jürgen Eichberger, Simon Grant and David Kelsey

3767: Persistence and Cycles in US Hours Worked

Guglielmo Maria Caporale and Luis Gil-Alana

3766: Signing Distortions in Optimal Tax and other Adverse Selection Problems with Random Participation

Laurence Jacquet, Etienne Lehmann and Bruno Van der Linden

3765: The Impact of Creditor Protection on Stock Prices in the Presence of Liquidity Crises: Theory and Cross-country Evidence

Galina Hale, Assaf Razin and Hui Tong

3764: Lexicographic Voting

Jan Klingelhöfer

3763: The Effect of Child Care on Family Structure: Theory and Evidence

Stefan Bauernschuster and Rainald Borck

3762: Self-Confirming Immigration Policy

Paolo Giordani and Michele Ruta

3761: The Economic Determinants of U.S. Presidential Approval -A Survey-

Michael Berlemann and Sören Enkelmann

3760: Can Lobbying Encourage Abatement? Designing a New Policy Instrument

Ian Lange and Sarah Polborn

3759: Exchange Rate Pass-Through, Domestic Competition, and Inflation: Evidence from the 2005/08 Revaluation of the Renminbi

Raphael Auer

3758: Characterizing the Sustainability Problem in an Exhaustible Resource Model

Tapan Mitra, Geir Asheim, Wolfgang Buchholz and Cees Withagen

3757: What Explains the Rise in CEO Pay in Germany? A Panel Data Analysis for 1977-2009

Francesca Fabbri and Dalia Marin