CESifo Working Paper Series

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3209: Withering Academia?

Bruno Frey

3208: US Disposable Personal Income and Housing Price Index: A Fractional Integration Analysis

Guglielmo Maria Caporale and Luis Gil-Alana

3207: Why "Buy American" is a Bad Idea but Politicians still Like it

Mario Larch and Wolfgang Lechthaler

3206: Subjective Well-Being, Income, Economic Development and Growth

Daniel Sacks, Betsey Stevenson and Justin Wolfers

3205: Tax Structure and Government Expenditures under Tax Equity Norms

Tobias Koenig and Andreas Wagener

3204: Good Institutions are not enough: Ongoing Challenges of East German Development

Wendy Carlin

3203: Tenure and Experience Effects on Wages: A Theory

Kenneth Burdett and Melvyn Coles

3202: Growing Together: Croatia and Latvia

Thorvaldur Gylfason and Eduard Hochreiter

3201: The Standard Deviation of Life-Length, Retirement Incentives, and Optimal Pension Design

Thomas Aronsson and Sören Blomquist

3200: Baby Booming Inequality? Demographic Change and Earnings Inequality in Norway, 1967-2000

Ingvild Almås, Tarjei Havnes and Magne Mogstad

3199: A Different Look at Lenin's Legacy: Trust, Risk, Fairness and Cooperativeness in the two Germanies

Guido Heineck and Bernd Süssmuth

3198: Bank Competition, Asset Allocations and Risk of Failure: An Empirical Investigation

John Boyd, Gianni De Nicolò and Abu M. Jalal

3197: Do Countries Compensate Firms for International Wage Differentials?

Ferdinand Mittermaier and Johannes Rincke

3196: Trade Union Membership and Dismissals

Laszlo Goerke and Markus Pannenberg

3195: Fighting Multiple Tax Havens

May Elsayyad and Kai Konrad

3194: Macroeconomic Factors and Micro-Level Bank Risk

Claudia Buch, Sandra Eickmeier and Esteban Prieto

3193: Educational Federalism and the Quality Effects of Tuition Fees

Alexander Kemnitz

3192: Justifying Social Discounting: The Rank-Discounted Utilitarian Approach

Stéphane Zuber and Geir Asheim

3191: When the State Mirrors the Family: The Design of Pension Systems

Vincenzo Galasso and Paola Profeta

3190: Integration, Mobility, and Human Capital Formation

Alexander Haupt and Silke Uebelmesser

3189: The Employment of Mothers - Recent Developments and their Determinants in East and West Germany

Barbara Hanel and Regina Riphahn

3188: How does the Market Use Citation Data? The Hirsch Index in Economics

Glenn Ellison

3187: A Note on the Design of Experiments Involving Public Goods

Philip Graves

3186: Fear of Model Misspecification and the Robustness Premium

Konstantinos Angelopoulos and Jim Malley

3185: Subsidizing Renewable Energy under Capital Mobility

Thomas Eichner and Marco Runkel

3184: History, Expectations, and Public Policy: Economic Development in Eastern Germany

Andreas Schäfer and Thomas Steger

3183: The Rapidly Deepening India-China Economic Relationship

John Whalley and Tanmaya Shekhar

3181: Happiness and Financial Satisfaction in Israel. Effects of Religiosity, Ethnicity, and War

Bernard M.S. Van Praag, Dmitri Romanov, Ada Ferrer-i-Carbonell and Bernard M.S. van Praag

3180: "True Believers" or Numerical Terrorism at the Nuclear Power Plant

Walter Kraemer and Gerhard Arminger

3179: The Ifo Business Cycle Clock: Circular Correlation with the Real GDP

Klaus Abberger and Wolfgang Nierhaus

3178: The Bail-Out! Positive Political Economics of Greek-type Crises in the EMU

Christian Fahrholz and Cezary Wójcik

3177: Did we Overestimate the Role of Social Preferences? The Case of Self-Selected Student Samples

Armin Falk, Stephan Meier and Christian Zehnder

3176: Longitudinal Analysis of Generic Substitution

Dag Morten Dalen, Marilena Locatelli and Steinar Strøm

3175: Which Sectors of a Modern Economy are most Central?

Florian Blöchl, Fabian J. Theis, Fernando Vega-Redondo and Eric Fisher

3174: The Twin Effects of Globalization - Evidence from a Sample of Indian Manufacturing Firms

Francesco Daveri, Paolo Manasse and Danila Serra

3173: Union Membership and Employment Dynamics: A Note

Marcus Dittrich and Beate Schirwitz

3172: Monitoring your Friends, not your Foes: Strategic Ignorance and the Delegation of Real Authority

Silvia Dominguez-Martinez, Randolph Sloof and Ferdinand von Siemens

3171: Diversity, Social Goods Provision, and Performance in the Firm

Sara Ellison, Jeffrey Greenbaum and Wallace P. Mullin

3170: Political Culture and Discrimination in Contests

Gil Epstein, Yosef Mealem and Shmuel Nitzan

3169: Nineteenth Century US African-American and White Female Statures: Insight from US Prison Records

Scott A. Carson

3168: Is there a Green Paradox?

Michael Hoel

3167: Voting when the Stakes are High

Jørgen Andersen, Jon Fiva and Gisle Natvik

3166: Capacity Investment under Demand Uncertainty. An Empirical Study of the US Cement Industry, 1994-2006

Jean-Pierre Ponssard and Catherine Thomas

3165: Conflicts with Multiple Battlefields

Dan Kovenock and Brian Roberson

3164: Europe's Great Depression - Coordination Failure after the First World War

Nikolaus Wolf

3163: On the Optimality of Optimal Income Taxation

Felix Bierbrauer

3162: On the Effects of Monetary Policy Shocks on Exchange Rates

Michael Binder, Qianying Chen and Xuan Zhang

3161: On the Conditional Effects of IMF Program Participation on Output Growth

Michael Binder and Marcel Bluhm

3160: Appropriate Fiscal Policy over the Business Cycle: Proper Stimulus Policies Can Work

Philip Graves

3159: A Micro Data Approach to the Identification of Credit Crunches

Horst Rottmann and Timo Wollmershäuser

3158: Predictive Ability of Business Cycle Indicators under Test: A Case Study for the Euro Area Industrial Production

Kai Carstensen, Klaus Wohlrabe and Christina Ziegler

3157: Inefficient Group Organization as Optimal Adaption to Dominant Environments

Martin Kolmar and Andreas Wagener

3156: Preferences for Redistribution and Pensions. What can we Learn from Experiments?

Franziska Tausch, Jan Potters and Arno Riedl

3155: Long-run Determinants of Sovereign Yields

Antonio Afonso and Christophe Rault

3154: A Note on Brain Gain and Brain Drain: Permanent Migration and Education Policy

Alexander Haupt, Tim Krieger and Thomas Lange

3153: Dynamically Optimal R&D Subsidization

Volker Grossmann, Thomas Steger and Timo Trimborn

3152: World Equity Premium Based Risk Aversion Estimates

Lorenzo C. G. Pozzi, Casper De Vries, Jorn Zenhorst and de Vries Casper G

3151: Cross-Country Evidence on Teacher Performance Pay

Ludger Woessmann

3150: Fixed-Term and Permanent Employment Contracts: Theory and Evidence

Shutao Cao, Enchuan Shao and Pedro Silos

3149: Wage and Employment Effects of Non-Binding Minimum Wages

Marcus Dittrich and Andreas Knabe

3148: Is the Welfare State Sustainable? Experimental Evidence on Citizens' Preferences for Redistribution

Ilja Neustadt and Peter Zweifel

3147: Time-Varying Exchange Rate Basket in China from 2005 to 2009

Jarko Fidrmuc

3146: Will Women Save more than Men? A Theoretical Model of Savings and Marriage

Shoshana Amyra Grossbard, Alfredo Pereira and Shoshana Grossbard

3145: Entrepreneurship and Market Size. The Case of Young College Graduates in Italy

Sabrina Di Addario and Daniela Vuri

3144: Benefit-Cost Analysis of Environmental Projects: A Plethora of Systematic Biases

Philip Graves

3143: Total Costs and Budgetary Effects of Adaptation to Climate Change: An Assessment for the European Union

Daniel Osberghaus and Christiane Reif

3142: Outsourcing Cost and Tax Progression under Nash Wage Bargaining with Flexible Outsourcing

Erkki Koskela

3141: The Tragedy of Annuitization

Ben Heijdra, Jochen Mierau and Laurie S. M. Reijnders

3140: Labor Market Policy: A Comparative View on the Costs and Benefits of Labor Market Flexibility

Lawrence Kahn

3139: Global Warming and Extreme Events: Rethinking the Timing and Intensity of Environmental Policy

Yu-Fu Chen and Michael Funke

3138: Inflation Targeting by Debtor Central Banks in Emerging Market Economies

Axel Löffler, Gunther Schnabl and Franziska Schobert

3137: Public and Private Learning from Prices, Strategic Substitutability and Complementarity, and Equilibrium Multiplicity

Carolina Manzano and Xavier Vives

3136: Group Contests with Complementarities in Efforts

Martin Kolmar and Hendrik Rommeswinkel

3135: The Herodotus Paradox

Michael Baye, Dan Kovenock, Casper De Vries and de Vries Casper G

3134: Banking Crises and Crisis Dating: Theory and Evidence

John Boyd, Gianni De Nicolò and Elena Loukoianova

3133: Information, Uncertainty, and Subjective Entitlements in Bargaining

Emin Karagözoğlu and Arno Riedl

3132: The Trend of BMI Values by Centiles of US Adults, Birth Cohorts 1882-1986

John Komlos and Marek Brabec

3131: Risk Premia in General Equilibrium

Olaf Posch

3130: The Impact of Paternity Leave on Long-term Father Involvement

Mari Rege and Ingeborg F. Solli

3129: Separating the Hawks from the Doves: Evidence from Continuous Time Laboratory Games

Ryan Oprea, Keith Henwood and Daniel Friedman

3128: On the Optimality of Joint Taxation for Non-Cooperative Couples

Volker Meier and Helmut Rainer

3127: Partial Tax Coordination in a Repeated Game Setting

Jun-ichi Itaya, Makoto Okamura and Chikara Yamaguchi

3126: Pay for Politicians and Candidate Selection: An Empirical Analysis

Kaisa Kotakorpi and Panu Poutvaara

3125: Natural Resources: Curse or Blessing?

Frederick (Rick) van der Ploeg

3124: A Fair Price for Energy? Ownership versus Market Opening in the EU15

Carlo Fiorio and Massimo Florio

3123: Experience, Innovation and Productivity - Empirical Evidence from Italy's Slowdown

Francesco Daveri and Maria Laura Parisi

3122: Global Climate Change and the Resurgence of Tropical Disease: An Economic Approach

Douglas Gollin and Christian Zimmermann

3121: Can Lower Tax Rates be Bought? Business Rent-Seeking and Tax Competition among U.S. States

Bob Chirinko and Daniel Wilson

3120: 'Take it or Go to Court' - The Impact of Sec. 1a of the German Protection against Dismissal Act on Severance Payments -

Laszlo Goerke and Markus Pannenberg

3119: Generalized Taylor and Generalized Calvo Price and Wage-Setting: Micro Evidence with Macro Implications

Huw Dixon and Hervé Le Bihan

3118: Heckscher-Ohlin Theory when Countries have Different Technologies

Eric Fisher

3117: Remittances, Banking Status and the Usage of Insurance Schemes

Dorothee Crayen, Christa Hainz and Christiane Ströh de Martinez

3116: Predictability of Asset Returns and the Efficient Market Hypothesis

Mohammad Pesaran

3115: Liquidity Risk, Credit Risk and the Overnight Interest Rate Spread: A Stochastic Volatility Modelling Approach

John Beirne, Guglielmo Maria Caporale and Nicola Spagnolo

3114: School Shootings and Student Performance

Panu Poutvaara and Olli Ropponen

3113: Equity as a Prerequisite for Stable Cooperation in a Public-Good Economy - The Core Revisited

Wolfgang Buchholz and Wolfgang Peters

3112: Uniform and Nonuniform Staggering of Wage Contracts

Leif Danziger

3111: The Impact of Teacher Subject Knowledge on Student Achievement: Evidence from Within-Teacher Within-Student Variation

Johannes Metzler and Ludger Woessmann

3110: Catching-up and Inflation in Europe: Balassa-Samuelson, Engel's Law and other Culprits

Balázs Égert

3109: Competition, Imitation, and R&D Productivity in a Growth Model with Sector-Specific Patent Protection

Malte Mosel