Discussion und Working Papers

  1. Discussion and Working Paper // 2008

    Educational Expansion and its Heterogeneous Returns for Wage Workers

    This paper examines the evolution of returns to education in the West German labour market over the last two decades. During this period, graduates from the period of educational expansion entered the labour…

  2. Discussion and Working Paper // 2008

    What explains the spread between the euro overnight rate and the ECB's policy rate?

    We employ a time series econometric framework to explore the structural determinants of the spread between the European Overnight Rate and the ECB’s Policy Rate (EONIA spread) aiming to explain the widening of…

  3. Discussion and Working Paper // 2008

    R&D Intensities, International Profit Shifting, and Investment Decisions

    Multinationals have the opportunity to shift taxable profits to low tax countries by means of intragroup transactions. Although transfer prices must conform to the arm’s length standard, market prices are not…