1. ZEW Discussion Paper No. 13-088 // 2013

    Effects of Territorial and Worldwide Corporation Tax Systems on Outbound M&As

    The United States (U.S.) is the last major economy to impose repatriation taxes on international FDI activities. If earnings from foreign subsidiaries are repatriated, the U.S. taxes the dividend at the domestic…

  2. ZEW Discussion Paper No. 13-087 // 2013

    Elasticity of Substitution between Clean and Dirty Energy Inputs - A Macroeconomic Perspective

    Recently Acemolgu, Aghion, Bursztyn and Hemous (AER 2012) formulated a model in which a high macroeconomic elasticity of substitution between clean and dirty production represents a crucial condition for green…

  3. Financial Market Report Switzerland // 2013

    November 2013

    • Highest Level Since May 2010
    • Inflation Expectations Broadly Unchanged
    • Long-Term Interest Rates Expected to Increase
    • Stable EUR/CHF Expected
    • Equities: Positive Sentiment Dominates
    • Special Questions: Medium-Term…
  4. ZEW Newsletter // 2013

    2013-10

    1. News
    2. Call for Papers
      • Annual Conference of the Leibniz ScienceCampus MaCCI - Mannheim Centre for Competition and Innovation (March 14-15, 2014)
      • Second ZEW/IAB/RCEA Workshop on Spatial Dimensions of the Labour …
  5. ZEW Discussion Paper No. 13-086 // 2013

    How Selective Are Real Wage Cuts? A Micro-Analysis Using Linked Employer–Employee Data

    Existing evidence suggests that workers face a low risk of experiencing a real wage reduction. However, there is so far virtually no evidence whether some employee groups are affected stronger by wage cuts than…

  6. Discussion and Working Paper // 2013

    Paid and unpaid labor in non-profit organizations: Does the substitution effect exist?

    In nonprofit organizations (NPOs) volunteers often work alongside paid workers. Such a coproduction setting can lead to tension between the two worker groups. This paper examines for the first time if and how…