During the post-pandemic inflation surge, many central banks actively used communication about the inflation outlook as a policy tool to limit spillovers from realized to expected inflation. We present novel…
We show that the widespread approach to estimate the career costs of motherhood -- so-called “child penalties” -- is prone to produce biased results, as it pools first-time mothers of all ages without accounting…
Das Leibniz-Zentrum für Europäische Wirtschaftsforschung (ZEW) erhebt seit 1993 jährlich die Innovationsaktivitäten der deutschen Wirtschaft. Die Erhebung findet im Auftrag des Bundesministeriums für Bildung…
For investors, the decision to install photovoltaic (PV) systems largely depends on whether the investment proves worthwhile. Subsidies play an important role in this context. Currently, the German subsidy…
This study evaluates the effectiveness of tax incentives, with a particular focus on incentives for research and development (R&D). It analyses different design options for tax incentives and shows that…
We investigate whether family ownership is associated with a preference for patents or trade secrets. Using a sample of S&P 500 firms, we show that family ownership is negatively associated with patenting and…
China’s special economic zones (SEZs) have been established to foster business growth and innovation by improving the institutional context of specific sub-regional areas. We examine the effect of SEZs on the…
This study estimates the causal impact of Airbnb expansion on local housing prices by exploiting the 2017 total solar eclipse as a natural experiment. The eclipse’s path of totality created a exogenous temporary…
Um auf die sprunghaft gestiegenen Inflationsraten nach der Pandemie besser reagieren zu können, haben Zentralbanken als zusätzliches geldpolitisches Instrument verstärkt die Kommunikation über den…
Young companies represent change, growth and innovation – and this makes them a central pillar in the future of a country’s economy. However, entrepreneurial dynamics in Germany have slowed for years. At the…
Entrepreneurship research is increasingly examining how social class origin shapes entrepreneurial pathways. This growing body of work highlights the enduring advantages and disadvantages entrepreneurs face…
This study estimates the causal impact of Airbnb expansion on local housing prices by exploiting the 2017 total solar eclipse as a natural experiment. The eclipse’s path of totality created a exogenous temporary…
