CESifo Working Paper Series

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2991: Migration and the Welfare State: Dynamic Political-Economy Theory

Assaf Razin, Efraim Sadka and Benjarong Suwankiri

2990: A Simple Model of Service Offshoring with Time Zone Differences

Toru Kikuchi and Ngo Long

2989: Family Location and Caregiving Patterns from an International Perspective

Helmut Rainer and Thomas Siedler

2988: The Optimal Climate Policy Portfolio when Knowledge Spills across Sectors

Emanuele Massetti and Lea Nicita

2987: The Trend of BMI Values among US Adults

John Komlos and Marek Brabec

2986: The Choice of Environmental Policy Instruments: Energy Efficiency and Redistribution

Alexander Haupt and Magdalena Stadejek

2985: Profit Shifting by Debt Financing in Europe

Francesca Barion, Raffaele Miniaci, Paolo Panteghini and Maria Laura Parisi

2984: Well-being Inequality and Reference Groups - An Agenda for New Research

Bernard M.S. Van Praag and Bernard M.S. van Praag

2983: Why Does Height Matter for Educational Attainment? Evidence from German Pre-Teen Children

Francesco Cinnirella, Marc Piopiunik and Joachim Winter

2982: Efficient Subsidization of Human Capital Accumulation with Overlapping Generations and Endogenous Growth

Wolfram Richter and Christoph Braun

2981: Rapacious Resource Depletion, Excessive Investment and Insecure Property Rights

Frederick (Rick) van der Ploeg

2980: What is the Best Environmental Policy? Taxes, Permits and Rules under Economic and Environmental Uncertainty

Konstantinos Angelopoulos, George Economides and Apostolis Philippopoulos

2979: Incentives, Reputation and the Allocation of Authority

Florian Englmaier, Ales Filipi and Ravi Singh

2978: Stock Market Integration between three CEECs, Russia and the UK

Guglielmo Maria Caporale and Nicola Spagnolo

2977: Optimum Taxation of Bequests in a Model with Initial Wealth

Johann Brunner and Susanne Pech

2976: Do Governments Tax Agglomeration Rents?

Hyun-Ju Koh and Nadine Riedel

2975: Investment, Resolution of Risk, and the Role of Affect

Frans van Winden, Michal Krawczyk and Astrid Hopfensitz

2974: Asymmetry in Volatility: A Comparison of Developed and Transition Stock Markets

Piotr Wdowiński and Marta Malecka

2973: Informal Benchmarks as a Source of Regulatory Threat in Unregulated Utility Sectors

Magnus Söderberg

2972: Modeling Russia for Climate Change Issues

Ali Bayar, Frederic Dramais, Cristina Mohora, Masudi Opese and Bram Smeets

2971: Application of Regionally Varying Additionality Degrees in the Practice of EU Cohesion Policy

Chang Woon Nam and Georg Wamser

2970: Taxing Children: The Re-distributive Role of Child Benefits - Revisited

Tomer Blumkin, Yoram Margalioth and Efraim Sadka

2969: Efficient Education Policy - A Second-Order Elasticity Rule

Wolfram Richter

2968: A Note on the Time Series Measure of Conservatism

Sebastian Brauer and Frank Westermann

2967: Autocratic Transitions and Growth

Tommaso Nannicini and Roberto Ricciuti

2966: Climate Change and Carbon Tax Expectations

Michael Hoel

2965: Age, Wage and Productivity

Jan C. van Ours, Lenny Stoeldraijer and Jan C. van Ours

2964: Incentive Regulation, Investments and Technological Change

Ingo Vogelsang

2963: Is There Really a Green Paradox?

Frederick (Rick) van der Ploeg and Cees Withagen

2962: The Dynamics of Climate Agreements

Bard Harstad

2961: Dialects, Cultural Identity, and Economic Exchange

Oliver Falck, Stephan Heblich, Alfred Lameli and Jens Suedekum

2960: Biofuels Subsidies and the Green Paradox

R. Quentin Grafton, Tom Kompas and Ngo Long

2959: Beyond the Classroom: Using Title IX to Measure the Return to High School Sports

Betsey Stevenson

2958: How do Electoral Systems Affect Fiscal Policy? Evidence from State and Local Governments, 1890 to 2005

Patricia Funk and Christina Gathmann

2957: From Politics to the Family: How Sex-Role Attitudes Keep on Diverging in Reunified Germany

Stefan Bauernschuster and Helmut Rainer

2956: The Optimal Babel - An Economic Framework for the Analysis of Dynamic Language Rights

Bengt-Arne Wickström

2955: Steady-State Growth and the Elasticity of Substitution

Andreas Irmen

2954: Workers without Borders? Culture, Migration and the Political Limits to Globalization

Sanjay Jain, Sumon Majumdar and Sharun Mukand

2953: The Political Economy of Regulatory Risk

Roland Strausz

2952: Modeling Institutions, Start-Ups and Productivity during Transition

Zuzana Brixiova Schwidrowski and Balázs Égert

2951: Education and Social Mobility

Helmuth Cremer, Philippe De Donder and Pierre Pestieau

2950: An Extended Macro-Finance Model with Financial Factors

Hans Dewachter and Leonardo Iania

2949: Monetary Policy, Model Uncertainty and Exchange Rate Volatility

Agnieszka Markiewicz

2948: Discretionary Fiscal Policy: Review and Estimates for the EU

Roel Beetsma and Massimo Giuliodori

2947: Measuring Agents' Reaction to Private and Public Information in Games with Strategic Complementarities

Camille Cornand and Frank Heinemann

2946: Genes, Economics, and Happiness

Jan-Emmanuel De Neve, Nicholas A. Christakis, James H. Fowler and Bruno Frey

2945: Barriers to Entry, Deregulation and Workplace Training: A Theoretical Model with Evidence from Europe

Andrea Bassanini and Giorgio Brunello

2944: Gift Exchange in the Lab - It is not (only) how much you give

Florian Englmaier and Stephen Leider

2943: Do Managers with Limited Liability Take More Risky Decisions? An Information Acquisition Model

James Malcomson

2942: Competition in the Service Sector and the Performances of Manufacturing Firms: Does Liberalization Matter?

Emanuele Forlani

2941: Greasing the Wheels of International Commerce: How Services Facilitate Firms' International Sourcing

Peter Debaere, Holger Görg and Horst Raff

2940: Women's Education and Family Behavior: Trends in Marriage, Divorce and Fertility

Adam Isen and Betsey Stevenson

2939: Democratic Provision of Divisible Public Goods

Hans Gersbach

2938: Price Formation on the EuroMTS Platform

Guglielmo Maria Caporale and Alessandro Girardi

2937: Behavioral Economics as Applied to Firms: A Primer

Mark Armstrong and Steffen Huck

2936: Markov-Switching and the Ifo Business Climate: The Ifo Business Cycle Traffic Lights

Klaus Abberger and Wolfgang Nierhaus

2935: Monetary Persistence and the Labor Market: A New Perspective

Wolfgang Lechthaler, Christian Merkl and Dennis Snower

2934: Oil Prices and Stock Markets: What Drives what in the Gulf Corporation Council Countries?

Mohamed Arouri and Christophe Rault

2933: Social Welfare versus Inequality Concerns in an Incomplete Contract Experiment

Marco Faravelli, Oliver Kirchkamp and Helmut Rainer

2932: The 2008 Financial Crisis and Taxation Policy

Thomas Hemmelgarn, Gaëtan J.A. Nicodème and Gaëtan J.A. Nicodeme

2931: Capital Flight: China's Experience

Yin-Wong Cheung and Xingwang Qian

2930: Competition between Specialized Candidates

Stefan Krasa and Mattias K Polborn

2929: Inaccurate Age and Sex Data in the Census PUMS Files: Evidence and Implications

J. Trent Alexander, Michael Davern and Betsey Stevenson

2928: The Role of Monetary Aggregates in the Policy Analysis of the Swiss National Bank

Gebhard Kirchgässner and Juergen Wolters

2927: Flexible Contracts

Piero Gottardi, Jean-Marc Tallon and Paolo Ghirardato

2926: Spend-and-Tax Adjustments and the Sustainability of the Government's Intertemporal Budget Constraint

Gabriella Legrenzi and Costas Milas

2925: Profit Sharing, Wage Formation and Flexible Outsourcing under Labor Market Imperfection

Erkki Koskela and Jan König

2924: A Critique of the Literature on the US Financial Debt Crisis

Jerome Stein

2923: Can Competition Spoil Reciprocity? - A Laboratory Experiment

Stefan Bauernschuster, Oliver Falck and Niels Große

2922: Competition and Quality in Regulated Markets with Sluggish Demand

Kurt Brekke, Roberto Cellini, Luigi Siciliani and Odd Rune Straume

2921: Gender and Racial Biases: Evidence from Child Adoption

Mariagiovanna Baccara, Allan Collard-Wexler, Leonardo Felli and Leeat Yariv

2920: Family Job Search, Wage Bargainings, and Optimal Unemployment Insurance

Susanne Ek and Bertil Holmlund

2919: World Heritage: Where Are We? An Empirical Analysis

Bruno Frey and Paolo Pamini

2918: Testing, not Modelling, the Impact of Cohesion Support: A Theoretical Framework and some Preliminary Results for the Spanish Regions

Angel de La Fuente

2917: Globalization, Redistribution, and the Composition of Public Education Expenditures

Thushyanthan Baskaran and Zohal Hessami

2916: Ageing and the Welfare State: Securing Sustainability

Volker Meier and Martin Werding

2915: Enhanced Cooperation in an Asymmetric Model of Tax Competition

Hendrik Vrijburg and Ruud de Mooij

2914: Profit Taxation and Finance Constraints

Christian Keuschnigg and Evelyn Ribi

2913: Spatial and Temporal Diffusion of House Prices in the UK

Sean Holly, Mohammad Pesaran and Takashi Yamagata

2912: Mergers and Partial Ownership

Øystein Foros, Hans Jarle Kind and Greg Shaffer

2911: Demographic Change and Bank Profitability. Empirical Evidence from German Savings Banks

Michael Berlemann, Marco Oestmann and Marcel Thum

2910: The Effect of Protestantism on Education before the Industrialization: Evidence from 1816 Prussia

Sascha Becker, Ludger Woessmann and Sascha O. Becker

2909: Climate Policy without Commitment

Rolf Golombek, Mads Greaker and Michael Hoel

2908: Do Elections Affect the Composition of Fiscal Policy?

Margarita Katsimi and Vassilis Sarantides

2907: Unilateral Climate Policy, Asymmetric Backstop Adoption, and Carbon Leakage in a Two-Region Hotelling Model

Edwin van der Werf

2906: Asset Auctions, Information, and Liquidity

Xavier Vives

2905: The Effect of Surveillance Cameras on Crime: Evidence from the Stockholm Subway

Mikael Priks

2904: Corporate Taxation and the Impact of Governance, Political and Economic Factors

Marcel Gerard and Fernando Ruiz

2903: Global Sourcing Decisions and Firm Productivity: Evidence from Spain

Wilhelm Kohler and Marcel Smolka

2902: Behavioral and Experimental Economics Can Inform Public Policy: Some Thoughts

Arno Riedl

2901: Unemployment and Finance: How do Financial and Labour Market Factors Interact?

Donatella Gatti, Christophe Rault and Anne-Gael Vaubourg

2900: Illiquidity and Under-Valuation of Firms

Douglas Gale and Piero Gottardi

2899: Taxation of Foreign Profits with Heterogeneous Multinational Firms

Johannes Becker

2898: Economic Growth and Longevity Risk with Adverse Selection

Ben Heijdra and Laurie S. M. Reijnders

2897: Conflict, Settlement, and the Shadow of the Future

Michael McBride and Stergios Skaperdas

2896: Voting on Thresholds for Public Goods: Experimental Evidence

Julian Rauchdobler, Rupert Sausgruber and Jean-Robert Tyran

2895: The Impact of Trade on Employment, Welfare, and Income Distribution in Unionized General Oligopolistic Equilibrium

Hartmut Egger and Daniel Etzel

2894: Lab Experiments are a Major Source of Knowledge in the Social Sciences

Armin Falk and James Heckman

2893: What is an Adequate Standard of Living during Retirement?

Johannes Binswanger and Daniel Schunk

2892: Debt Financing and Sharp Currency Depreciations: Wholly vs. Partially Owned Multinational Affiliates

Shafik Hebous, Alfons J. Weichenrieder and Alfons Weichenrieder